Speculation around the fate of the Showboat, the third Atlantic City land casino to shut down this year (see previous reports) has ended following an announcement by Stockton College that it has agreed to obtain the property from Caesars Entertainment for an undisclosed consideration. The education company said Wednesday that it intends to convert the …
The stage appears to be set for Croatia’s entry into the online gambling regulated market; the country’s draft law on internet and mobile gambling licensing and regulation has just received European Commission approval. The government will now take the law through parliament, ultimately leading to a new licensing and regulatory regime by June-July 2015. Passage …
Investors in Chinese lottery services and games provider AGTech will have mixed feelings on its latest results, which showcase significant increases in revenues but widening losses due to share-based compensation costs and other expenses. Nevertheless, Management remains confident that the outlook is positive for the company, according to a company statement Wednesday. Third quarter revenues …
Cyberworld Studios, Inc., a Salt Lake City-based subsidiary of the publicly listed Direct Equity International, Inc., announced Wednesday that it is investing in the online social gambling market. The company has partnered with an unidentified U.S. games developer and says it hopes to cash in on the lucrative and growing vertical. Cyberworld CEO, Macleans Geo-Jaja, …
The US media is widely reporting an acquisition deal in which the Kentucky horse racing company Churchill Downs is to acquire Big Fish Gaming social games developer and Big Fish Casino operator for up to $885 million. Seattle-based Big Fish was founded 12 years ago and has become a major player in the social games …
Over-zealous Indonesian police authorities reportedly raided game developer Gameloft’s office in Yogyakarta earlier this week, mistakenly believing it to be an online gambling den. According to Tribun Jogja, Police, who were tipped off by the local community, initially attempted to search the office without a warrant and were denied entry. The raid took place during …
Spanish gaming operator Grupo MGA is first out the gate with the launch of online slot content from Conei Corporation (GiGames). “La Mina de Oro” is now active on Grupo MGA’s TodoSlots facebook platform following an agreement with GiGames. The game is a three-reel, 5-payline slot offering a “Map of Mine” mini game as a …
Content and system provider BetDigital has appointed government and technical consultant Professor Walter Patterson. Patterson will oversee all Betdigital’s internal auditing and compliance requirements, while providing support and guidance on any other compliance issues that may arise. Heath Samples, chief executive officer for Betdigital said the appointment was a real coup, “He brings a wealth …
bwin.party digital entertainment has confirmed media speculation that it has entered into preliminary discussions with “a number of [undisclosed] interested parties regarding a variety of potential business combinations with a view to creating additional value for bwin.party shareholders”. Activist investor Jason Ader has been pressuring the Board for some time, through his Spring Owl investment …
Responding to questions from the official Opposition Tuesday, South Africa’s Minister of Trade and Industry, Rob Davies, laid out his plan for the currently suspended National Gambling Board. The Board was suspended two months ago amid allegations of maladministration, corruption, wasteful spending, intimidation and the destruction of evidence (see previous reports). A forensic investigation is …
Appetite-whetting previews are available on two games from online gambling software developers Net Entertainment and Thunderkick, believed due for launch before the end of the year. Thunderkick’s 5 reel, 15 payline slot Flux will be going out to operators this week and is available for demonstration purposes on the developer’s dotcom website. The theme of …
British games developer Wagermill and Australian developer The Gaming Lab have merged to form the GECO Gaming Group. The newly formed group said it will focus on globally promoting and expanding its HTML5 and Flash library of bingo, slot and casino games. “We are well under way with some industry changing plans around content delivery, …
888Sport has become the sponsor of one of the premier races on the British National Hunt calendar at Sandown Park Race Course, the GBP 150,000 Grade 1 Tingle Creek Chase scheduled to run on December 6th. Forming part of the agreement, 888Sport will also sponsor the London National Handicap Chase. Itai Pazner, senior vice president …
The Interactive Entertainment division of Caesars Growth Partners LLC (CIE) reported strong revenue growth of 104.8 percent and adjusted EBITDA up 74.5 percent year over year during its third quarter and nine month to September 30, 2014 results. CIE’s good fortunes were primarily led by the division’s social and mobile games business along with the …
Andreas Meinrad, former bwin.party digital entertainment group commercial director, has been appointed chief executive officer of BetVictor succeeding outgoing incumbent Michael Carlton from February 1, 2015. Meinrad will report to Michael Tabor, a founding shareholder of the company and now owner of the business following a restructuring earlier this year. “It is a great brand …
The National Hockey League (NHL®) has inked a multi-year North American partnership with DraftKings, the U.S.-based daily fantasy sports operator. Under the terms of the agreement, DraftKings will serve as the Official Daily Fantasy Game of the NHL and will enjoy prominent brand placement across the NHL’s digital platforms, including NHL.com, NHL Mobile™ and the …
UK bookmaker Coral has replaced Houses for Homes as the Wigan Warriors Rugby League Club’s main sponsor for the 2015 season. The sponsorship marks Coral’s first sponsorship venture into Rugby League. Under the terms of the sponsorship Coral will be the main shirt sponsor, with the Coral logo appearing on the front of the Wigan …
Online and land gambling group Sportech plc issued a trading update Tuesday covering the period 22 August to 10 November 2014. Management reported: * Trading in the Football Pools vertical is performing in line with expectations; * Performance of in the company’s Venues and Racing and Digital divisions has been impacted by a reduction in …
Playtech plc has announced that Thrills.com and SuperLenny.com have signed up to its Open Platform, allowing both brands access to hundreds of games from more than 30 suppliers. Thrills and SuperLenny are both owned and operated by BetIt Operations licensed in Malta. The company has gone live with an initial 29 games that consist largely …
Indonesian police officers from the Yogyakarta station created a major furore Monday when they acted hastily following mistaken public complaints that online gambling was occurring on a business premises. Certainly there were non-gambling mobile games under development at the premises, owned by Gameloft, when undercover police arrived to inspect the office….without a warrant. When security …
Mobile punter IR scored a major progressive slot win of $3,390,332.58 at the Golden Tiger Casino this week after experiencing a premonition that fortune was about to smile on her. “I had a feeling I was going to win big and I was telling my friends that one day I would win a house – …
The publication China.org reports that police in China’s central Hunan province have broken up an internet gambling ring involving over 20 million yuan in wagers (US$3.2 million), arresting seven people and searching for a further 20 individuals believed to be involved. Over 200 officers were deployed in breaking up the ring, a police spokesman in …
Defence lawyer claims that federal agents using subterfuge acted unlawfully in securing entry to hotel suites where they believed that illegal activity was taking place were refuted by government lawyers this week in court submissions. The arguments are rooted in a federal bust of Paul Phua and his associates who are alleged to have conducted …
Net Entertainment is gearing up for two releases just days apart in November that should please both mobile and desktop players. On November 20 the company’s popular Jack and the Beanstalk slot debuts for mobile punters on the Touch brand games inventory re-spins on all Wilds and Treasure Collection Free Spins. Four days later, on …