2014 was a bad year for Macau casino stocks thanks to the Chinese government crackdown on corruption, which scared away many high rollers and triggered declining revenues in the final seven months of the year. That resulted in falling casino company share prices, with the six main stocks plummeting 40 percent in market capitalisation to …
The latest online gambling site to become the victim of a cyber attack, New Zealand’s TAB, told media reporters that it was targeted over the festive season in an “unprecedented and concentrated cyber attack” which prevented punters from placing bets. Acting CEO at the New Zealand Racing Board, Glenn Patrick told reporters: “It started on …
Senior Democratic Party politician Senator Harry Reid (75) suffered broken ribs and facial bones when an exercise machine collapsed at his home in Nevada, reports Associated Press. Reid’s office issued a statement confirming that the senator was kept in hospital overnight following the injury, and that the accident happened when an elastic exercise band broke, …
Earlier this week Bwin.Party Digital Entertainment revealed that it is in talks with unspecified suitors regarding the possible sale of its social gaming subsidiary Win, and it appears from a Wall Street Journal report that the company concerned is Maytal Olsha’s new company, Rising Tide Games. Olsha is a dynamic industry exec who has held …
Daily fantasy sports betting remains the hot topic in the United States at present, with the major newspaper USA Today carrying a large article on the phenomenon over the weekend. The article highlighted the interest of major sports leagues in the USA – traditionally strongly opposed to any form of gambling – in daily fantasy …
The expected continued decline in Macau gambling revenues has been confirmed by figures for December released by Macau’s Gaming Inspection and Coordination Bureau, which show that revenue fell a record 30.4 percent in December to 23.3 billion patacas to complete a miserable second half of the year. It was the seventh consecutive monthly decline. The …
The 2014 festive season will be one which an unnamed punter from Galway, Ireland remembers for many years….his Euro 5 Super Coupon returned a bonanza of GBP 421,500 on December 26. The gambler bought his coupon at one of Paddy Power’s retail betting outlets in Galway and 19 of his accumulator selections were straight Win-Draw-Win …
The Scottish Professional Football League is reportedly in talks with mobile gambling company Fruity Kings to explore the possibility of a three-year sponsorship for four league teams at around GBP 1.75 million a year. The Daily Record newspaper claims to have seen leaked emails discussing the agreement between the SPFL’s head of partnerships Keith Campbell …
H2 Gambling Capital’s interesting study of Australian online punters continues to generate media coverage, with the results showing up on several publications this week. The study indicated that: * Adults in Australia on average spend about A$17.52 per week on gambling; * They have more positive views on gambling than do land-based gamblers; * There …
The ability to watch, play and bet online on virtual sports – including battle arena-oriented popular virtual offerings like League of Legends and Dota 2 – has resulted in fast growth for online sports betting companies that have embraced the vertical, reports NBC. Improvements in sound effect, graphics and animation technology have made possible absorbing …
The owners of Bingo.com have sold the online gambling operations and assets of the firm to the Unibet plc group for a consideration totaling $8 million, and plan to focus on fremium social bingo going forward. In a statement on the last day of 2014 the company, which owns the free-to-play social bingo enterprise Trophy …
US media reporting on the reintegration with Caesars Entertainment of its offshoot Caesars Acquisition Company predict that Mitch Garber is destined for the top spot when current president and CEO Gary Loveman’s contract ends in 2016. Garber is the former CEO of the Party Gaming group, leaving before its merge with Bwin Interactive to form …
The continuing parlous state of New Jersey’s gambling enclave Atlantic City has prompted Steve Sweeney, the president of the New Jersey Senate, to make a controversial proposal in an op-ed article in the publication Philly.com. Part of the proposal is to introduce an investment alternative tax – a levy of 1.25 percent on gross gaming …
Ending 2014 on a sour note, the Bwin.Party Digital Entertainment online gambling group warned Wednesday that revenues have been hit by a weak gross-win margin in recent sports betting, and revealed that it is in discussions regarding the sale of its loss-generating social gaming subsidiary Win. In a pre-closing trading update the company advised: * …
MGT Capital Investments and adult entertainment company Vivid Entertainment LLC have partnered in an exclusive deal that will see the development and marketing of a new online fantasy sports offer at Vivid Bet Sports.com MGT owns daily sports wagering platform DraftDay.com and launched a new free-to-play platform Daily Fantasy Legend on Facebook (see previous reports) …
A directive from Macau’s Gaming Inspection and Coordination Bureau (GICB) informs junket operators of the introduction of a new measure that requires them to be in possession of a clean certificate of criminal record from VIP gambling clients before opening their accounts, effective January 1, 2015. “This could really impose a big impact on new …
In a pre-close trading update, bwin.party digital entertainment plc reported expected bet volumes and active player numbers but “exceptionally weak gross win margin in sports betting”, particularly during the month of December. Weak gross win margins have impacted overall revenue performance in the fourth quarter, the company said, which are now expected to be in …
Nevada gambling revenues for November 2014 remained flat compared to the same period last year, the Nevada Gaming Control Board said Tuesday. Total Nevada casinos reported revenues of $876 million in November of which the Las Vegas Strip brought in $508 million, 4 percent down y-o-y. Downtown revenues were $43 million, an increase of 13 …
According to the Romanian National Office for Gambling (RNOG), Romania’s Government approved an emergency draft ordinance for the regulation of gambling earlier this week. Odette Nestor, president of the RNOG said provisions in the ordinance include a switch from posting tax in RON to EURO, protection of the under-aged with reference to remote gambling and …
Online casino affiliate management firm Affeurop is ending 2014 on a low note for both itself and its affiliate marketers, advised them that it plans to shut down all affiliate links with effect from December 31 2014. In an email notification signed anonymously by “Affeurop Team” the company advised Tuesday: “It’s with great sorrow that …
According to the South China Morning Post (SCMP), Malaysian Minister of Home Affairs Ahmad Zahid Hamidi has informed U.S. authorities that Paul Phua Wei-seng, indicted for operating an illegal sports betting operation from a Las Vegas villa (see reports), is not a member of Hong Kong’s 14K triad as suspected but in fact assists the …
The independent Senet Group, founded by UK gambling firms William Hill, Paddy Power, Coral Group and Ladbrokes, has kept to its word with the imminent launch of a responsible gambling campaign in the UK market. Members of the Senet Group will carry new prominent responsible gambling messages on all TV advertising and other forms of …
With the Adelson-backed Coalition to Stop Internet Gambling pumping out all sorts of misinformation and scare stories on the impact of online gambling on compulsive gambler numbers, the poker information site US Poker.com published a timely reminder this week that the facts established through scientific studies indicate otherwise. US Poker reminds us that there is …
A Cambodian court is currently trying seven South Korean nationals arrested by local police after a tip-off about an online gambling operation this week, reports the Phnom Penh Post. Chea Kimsan, chief of Siem Reap immigration police, gave evidence that the men were caught red-handed during a raid on Saturday on a villa in Svay …