The Gibraltar-based 32Red online casino and sports betting group has reported another successful year of activity, posting the following highlights: * Fifth consecutive year of double digit growth in organic revenues, accelerating in H2; * Increase in marketing investment driving top line organic growth and yielding healthy returns; * Three year sponsorship of Rangers Football …
The Czech online and land gambling group Fortuna Entertainment has released its preliminary unaudited results for FY 2014, reporting the following highlights: * Adjusted core profit rose 6.4 percent to Euros 28.4 million, boosted by good online betting and sporting operations; * EBITDA up by 13.6 percent to Euro 27.8 million; * Total amounts wagered …
Florida property developer Glenn Straub may have thought his sale agreement and payment of $82 million to the owners of the bankrupt Revel building in Atlantic City sealed the acquisition deal (see previous reports) but on Wednesday Judge Gloria Burns refused to ratify the sale and extended the sales window by a further week. The …
The major US land gambling group Las Vegas Sands, owned by multi-billionaire Sheldon Adelson, has successfully concluded another intellectual property case to protect its trademark and brand intellectual property. In a case that dates back a year, LVS launched litigation in a US District Court against 54 mainly Asian website owners and the First Cagayan …
Pro-online gambling New Jersey Senators Jim Whelan and Ray Lesniak have joined the Congressional debate on the proposed Restoration of the American Wire Act, corresponding with local media leaders and urging them to publicly oppose the attempt to ban most forms of online gambling. The communication reads: “To the editor: “We urge you to oppose …
One of the industry’s biggest online gambling operators, the Coates family’s Bet365 group, is facing legal action Downunder from the Australian Competition and Consumer Commission, which claims that the company’s free bet or deposit bonus offers made “misleading representations” to punters in breach of Aussie consumer laws. The case is at the pre-trial stage in …
The UK online gambling group Betfair plc has posted its interim management statement for fiscal period Q3 and FY 2015 ended 31 January 2015, reporting an impressive set of key performance indicators that includes: * Revenue up 20 percent to £114.6 million, representing the fourth consecutive quarter of double-digit growth; * Revenue from sustainable markets …
According to Swedish media, pre-marketing by SEB and Carnegie for live dealer company Evolution Gaming’s IPO on the Stockholm Stock Exchange is in full swing. The company founded by Jens von Bahr and Fredrik Ostberg in 2006 will effectively be valued at over 3 Billion after flotation according to breakout.se. A term sheet details Evolution …
French operator Pari Mutuel Urbain (PMU) has launched an online community support initiative for customers that will allow its players to interact directly over the internet. The aim of the initiative is to build a community where players can actively give each other tips, tricks and have their questions quickly answered before having to take …
Sports betting and pools operator Sportech, presenting its preliminary results for the twelve months ending December 31, 2014, said its focus on highly regulated markets had resulted in a strong performance from its Sportech Racing and Digital division and a satisfactory performance from its Football Pools product, however, its Sportech Venues business environment remained challenging. …
Novomatic-owned Austrian gaming firm Austrian Gaming Industries has become the Gaming Standards Association’s newest platinum member. The company upgraded its Gold status to Platinum and will join the GSA’s board of directors.
US games developer WMS has launched a new historically-themed online slot titled Roman Chariots which features three additional reels over the usual display, a supercharged reels innovation and stacked wilds. Spinning successive wins increases the multiplier on the small set of reels and mirrors the stacked wilds. When the Free Spins symbol appear on the …
Without releasing specific details of the companies involved, South Korean police have revealed that two local computer experts have been arrested on charges of originating cyber-attacks on an illegal gambling website at the paid behest of a competitor. The police claim that one of the experts was paid the equivalent of almost a million dollars …
Bitcoin denominated online casino platform provider Coingaming.io has integrated games from developer Gameart into its platform. Integration with GameART provides operators that use the Coingaming Bitcoin only casino platform with access to their first 12 games available on all devices, including both flash and HTML5 versions, with mobile coming soon. Tauri Tiitsaar, COO of Coingaming, …
International Game Technology’s social gaming website DoubleDown Casino unleashed its leprechauns Tuesday with the launch of Irish Shamrocks, a St. Patrick’s Day-themed game awarding virtual pots o’ gold at the end of the rainbow on desktop and mobile devices. The thematic game rewards players with a jackpot when 5 wilds and scatter symbols appear in …
London based social casino games provider, Plumbee has announced the launch of “Sevens High”, a new slot game that is now available within its popular Mirrorball Slots app on Facebook. Created by the Swedish developer Quickspin, Sevens High has classic reel symbols and an arcade party atmosphere. Every single winning spin generates an automatic free …
Three Florida men behind Legendz Sports, a successful online sports betting operation that survived for a decade before being dismantled by US federal authorities (see previous reports) have been convicted in a federal Oklahoma City court and will be sentenced within the next few months. Fifty-year-olds Paul Tucker and Luis Robles, and 58-year-old Christopher Tanner …
Frank Fahrenkopf, the former CEO of the American Gaming Association, is back in the business, having been engaged as a strategic advisor by San Jose CA-based mobile gambling solutions provider Joingo. Fahrenkopf spent nearly two decades with the AGA and is respected for not only successfully representing the land casino industry in Washington DC, but …
The Gaming Labs International group of companies has acquired SLI Global Solutions (SLI), a specialist quality assurance and software testing service for an undisclosed consideration. A company spokesman said Tuesday: “With this acquisition, SLI Global Solutions and GLI combine to form one of the largest organizations with a singular focus on software testing and quality …
Thursday’s Congressional hearing on the Restoration of the American Wire Act by the Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations (see previous reports) has been postponed due to inclement weather to a date to be advised. Nevertheless, the industry has plenty to talk about, given the release of the list of witnesses scheduled …
English comedian and actor Paul Kaye returns as BetVictor’s excitable punter Maurice in a new TV advertisement launched prior to the Cheltenham Festival next week. Creative agency VCCP produced the ad featuring Kaye who acts as a contestant in a quiz-style show about betting sports.
MGT Capital Investments has entered into a Letter of Intent with Tera Group Inc., the owner of TeraExchange LLC, a Swap Execution Facility regulated by the Commodity Futures Trading Commission. Subject to regulatory conditions and stockholder approvals, should the merger prove successful the first publicly traded U.S. Bitcoin Derivatives Exchange would be formed. “Growing consumer …
Webis Holdings PLC has announced the imminent closure of its BetInternet.comLimited operation saying opportunities for US pari-mutuel business have directed the company to narrow its focus on the development of its WatchandWager business. Webis describes BetInternet.com as no longer viable due to jurisdictional protectionism for fixed-odds operations by either prohibition or onerous regulatory and levy requirements. The company said discussion with …
https://www.youtube.com/watch?v=XwF5sA7TE9I Microgaming’s latest game “Lucky Leprechaun” is set for release this week along with a re-design of an old favourite. Lucky Leprechaun is a five-reel, 20-payline game featuring all that’s Irish luck. It offers stacked wilds, scatters and two bonus features. The first triggered when a single coin scatter lands on the fifth reel, delivers five …