In an industry update, Stride Gaming plc said its first day of dealings on London’s Alternative Investment Market (AIM) had raised GBP 11.2 million to support the Company’s strategic growth opportunities. The multi-branded UK-focused online bingo-led operator’s Ordinary Shares were admitted on AIM today (Tuesday) under the ticker code STR. 50,151,513 Ordinary shares were placed …
Gala Coral Group has reported on its first half results to April 11, 2015, delivering robust growth across most internet and retail business sectors with the exception of Eurobet Retail. Key performance highlights include: Total Group net revenue of GBP 684.8 million was GBP 34.7 million or 5 percent ahead of last year. Total Group …
Kambi Group plc’s Philippines subsidiary has been notified by the Philippines National Bureau that it is under investigation for illegal gambling activities. Kambi Philippines said it is confident that there are no activities occurring in its Philippines operation that are contrary to law. The subsidiary provides back office functions for the Group’s online B2B sportsbook …
The Israeli-owned but UK-based and AIM-listed spread betting firm Plus 500 suffered a severe share price hit this week as it suspended the accounts of thousands of punters due to a money laundering review. The Independent newspaper reports that the Financial Conduct Authority regulated firm had to suspend the accounts of almost half its UK …
Australian police officers raided a number of Gold Coast bookmaking properties last week, although charges have only been laid against Vanuatu-licensed Betjack, the Aussie newspaper The Age reports. The bookie is suspected of owing millions of dollars to Aussie online sports punters, and there is speculation that it may have links to organised crime figures …
Earlier this week, Mississippi Representative Chuck Espy introduced bill HB806, preparing for the possible legalisation of sports betting in his state….but only if New Jersey’s court battles to circumvent the Professional and Amateur Sports Protection Act are successful (see previous report). Our readers will recall that New Jersey has for the past several years been …
GVC Holdings issued a press statement Tuesday morning confirming that its acquisition bid for Bwin Part Digital Entertainment is in partnership with the Canadian online gambling group Amaya Inc. “GVC confirms that the execution of this proposal would be jointly financed by GVC and Amaya, Inc.,” the statement advises. Amaya as at the close of …
Zeal Network SE has named Susan Stanford as its new chief technology officer (CTO) and as a member of the executive board. Standiford has spent two decades in the software product development and information technology industries. Prior to this appointment, she served as vice president of technology at Travelocity and Disney Online and most recently …
Betfair’s recently appointed chief marketing officer, Johnny Devitt, has called for a review of its GBP 15 million media planning and buying business according to Campaign Live. The media planning and buying review forms part of a broader review of the company’s marketing strategy. Devitt was recently appointed as CMO following the departure of Mark …
Various media report the imminent departure of Ladbrokes Group Commercial Officer, John Pettit. Pettit joined the company in 2012 having previously served in a variety of senior positions with Gala Coral Group and Gala Racing. Ladbrokes will reportedly not immediately seek a replacement.
Marja Appelman, head of the Dutch gaming authority Kansspelautoriteit, has been elected for a two-year term to the board of the Gaming Regulators European Forum (GREF). Appelman’s nomination, supported by both British and Danish regulators, allows the Kansspelautoriteit to strengthen trans-national cooperation, leading to “more effective monitoring of safe and reliable game offers in the …
Mansion Holdings Ltd. has been awarded a remote gambling license by the UK Gambling Commission. Mansion said the license allows it to continue serving and strengthening its UK customer base for online brands casino.com, club777.com, LesACasino.com, MansionCasino.com and SlotsHeaven.com. “We’re delighted to be officially licensed by the UKGC, which is an important milestone in our …
The Reuters news agency has updated the available information on the projected sale of Bwin Party Digital Entertainment, reporting that around $1.7 billion could be involved in attempts to take the company over. In a new report, the news agency reports that the much-publicised GVC Holdings Euro 1.5 billion bid is in concert with Canada’s …
The UK Gambling Commission has released more detail on the proposed introduction of a new social responsibility code (SRC), which most operators would be required to fund, saying the Commission will go ahead with the introduction of the code following a supplementary consultation. The draft structure of the SRC was undertaken by a working group …
London based interactive media studio Fantasy Factory has launched its first title via the Odobo market place. “East Bay Fortune” is a 5-reel, 25-payline slot set in East Bay, San Francisco, themed on the glitzy lives of the rich and famous. Features include triggering respins, scatters, wilds and multipliers. The Wild Symbol replaces any other …
A Barclay’s analyst, Felicia Hendrix, said this week that predictions that the declining Macau gambling has almost bottomed out may be premature, but that the long term prospects for the region’s gambling operations are good. Citing persistent difficulties impacting the Macau gambling market at present – the crackdown on corruption by the Chinese government, and …
The common online casino games and Asian focus of online gambling software providers Inteplay and Xin Gaming has brought the two companies together in a re-seller arrangement which will see each offering the other’s games. Xin Gaming chief Mathias Larsson said this week: “This deal strengthens both brands in order to increase market share in …
Land and online gambling tesing agency BMM Testlabs has reported continued growth and diversification in 2014, posting a 6 percent increase in revenue and EBITDA up 17 percent as its planned expansion in Asia, Canada, the US and Europe continues. Chief executive officer Martin Storm said this week that despite international currency movements, the company …
Following media reports over the weekend that 888 is about to announce a bid to acquire rival online gambling group Bwin Party Digital Entertainment , the company issued a statement early Monday confirming its interest. “The Board believes that there is significant industrial logic in a combination of 888 and bwin.party, benefiting both companies and …
The investor publication Motley Fool took a look at the online gambling market this week, observing that research has shown that over the past four decades or so, gaming stocks have, on the whole, outperformed the market by around 2 percent per annum. After looking at a number of well-known online gambling companies, the article …
https://www.youtube.com/watch?v=vKHwfmXe_cY British newspapers over the weekend entertained their readers with vid from a Twitch feed which showed a young player losing it over an expensive hand of live dealer blackjack, watched by an online audience of 40,000 Twitchers. The gambler, identified as Chance ‘Sodapoppin’ Morris, lost $5,000 on the hand, triggering his OTT reaction after …
Unconfirmed reports that 888 Holdings has joined the scramble to acquire online gambling group Bwin Party Digital Entertainment surfaced in the Sunday Times over the weekend, quoting informed but unidentified sources in the City. The past week has been full of confirmed reports that GVC Holdings is the main bidder for the company and has …
PerfectPairs, a subsidiary of Taiwan-based GigaMedia, is to use next week’s G2E Asia show to launch its ClubOne social gaming platform and connect with potentially interested partners. ClubOne is an in-house developed social casino platform which consists of five different main casino game categories such as Online Poker, Online Mahjong, Sic Bo, Baccarat, Roulette and …
Minnesota legislators peeved that they were not consulted when the state lottery started online operations two years ago (see previous reports) finally had their way this week when Gov. Mark Dayton decided not to veto a bill calling a halt to the promising online activity. The measure allows online ticket sales to continue but halts …