Retired Merrill Lynch banker Patrick Coppeard (49) took advantage of 62 parishioners at his church to con around GBP 5 million from them – funds he mainly spent on internet gambling sites belonging to companies like bet365, Ladbrokes and Coral. And according to a report in the Daily Mail, he displayed a carefree attitude when …
Reduced competition following land casino closures in Atlantic City may be a factor in the increased revenues posted this week by Boyd Gaming for its Borgata interests. The Borgata’s revenue increased by nearly 5 percent to $209.9 million in the third quarter, increasing its share of Atlantic City’s gambling market to 24 percent. $6.1 million …
Struggling with a falling share price due to bank delays on the $5,1 billion in funds necessary for its acquisition of Bally Technologies (see previous report), Scientific Games further disappointed shareholders in reporting a net loss in Q3-2014 this week. Although revenues increased higher than forecasted, the company reported a wider net loss as acquisition …
The Malaysian Communications and Multimedia Commission (MCMC) has traced 172 illegal online gambling websites in the country, which it says it is intent of shutting down as part of a broader government drive against internet gambling. Deputy Minister of Communications and Multimedia Datuk Jailani Johari said this week that his ministry would join other ministries, …
The marketing publication Brand Republic reports this week on the UK Advertising Standards Authority’s recent review, which showed that the advertising watchdog handled 398 complaints about gambling adverts last year. And surprisingly it was not the religious objections to the Christ the Redeemer publicity exploits during the World Cup football that attracted the most opprobrium, …
Inspired Gaming has been chosen as a cirtual sports supplier by Intralot Italia – the eighth operator to select this product range, which includes football, horse-racing, tennis and cycling titles. “Inspired has seen phenomenal growth in the Italian market over the last year,” said Vitaliano Casalone, president of Italian operations for Inspired Italia Group this …
The land and online gambling group Ladbrokes has strengthened its Australian presence by signing a one-year sponsorship agreement with the A-League football club Brisbane Roar. The deal gives Ladbrokes signage privileges at the Suncorp Stadium. Ladbrokes marketing director James Burnett said Wednesday that football was an important element in the Ladbrokes business plan, and that …
Hanoi police have shuttered an online sports betting ring which they claim is the biggest yet uncovered in the Bac Tu Liem region, arresting 11 men aged 23 to 49 years. A report in Thanh Nien News reveals that the men will be charged with organised crime and gambling offences related to a website titled …
Louisville gambling firm Churchill Downs Incorporated (CDI) will reportedly shutter its two-year-old Luckity bingo operation according to a filing with the Securities and Exchange Commission. “Management determined that Luckity did not achieve the expected financial returns and was unlikely to significantly improve its results,” the filing said. In its most recent report CDI reported a …
An internet study on online gambling by Southern Cross University’s Centre for Gambling Education and Research is now under way as the next stage in earlier research that found 13 percent of gamblers play social casino games (see previous report). “There are quite a large proportion of Australians that do have gambling problems and it’s …
Bitcoin gambling firm SatoshiBet has exited the U.S. market as a preemptive measure based on the uncertain future of online gambling regulation and the Bitcoin cryptocurrency. SatoshiBet informed customers it will no longer accept business from US-based IP addresses with immediate effect. “Since SatoshiBet launched its casino in early 2013, Bitcoin gained an exponential amount …
Cambodian Immigration Police Department spokesman General Sok Phal confirmed the arrest of five men, including an Australian national, suspected of operating an illegal online gambling operation in Cambodia’s Preah Sihanouk province. Several computers, mobile phones and other equipment were seized in a raid on the premises of the Australian national, following a week long investigation. …
The Australian Federal and Victorian Governments will form a working group specifically focused on stamping out illegal offshore gambling operations estimated to be handling illegal bets worth $1.5 billion annually. The Offshore Wagering Working Group, which was formally announced today (Thursday) by Federal Minister for Social Services Kevin Andrews and Premier of Victoria and Minister …
Pavilion Worldwide Group has recently secured an extensive library of CBS titles which are currently in production for physical and online casino gaming. CBS Consumer Brands’ classic television shows currently in development for both physical and online casino include Taxi, The Honeymooners, Monsters, Tales from the Darkside and Gunsmoke. Physical-only titles cover Beverly Hills 90210, …
Gaming provider Net Entertainment has released four video poker games and BlackJack Classic Touch to its portfolio. All four games, Jacks or Better Double Up, Deuces Wild Double Up, Joker Wild Double Up and All American Double Up are single player, fast-paced video poker games. They are available in four versions, one hand, five hand, …
Australian conman Peter Foster was arrested under a Federal warrant Tuesday by New South Wales Police at an upmarket property near Byron Bay. Foster is thought to, at the very least, be a key player in the international gambling syndicate Sports Trading Club that boasts offices in London, Sydney and Hong Kong. The Sports Trading …
Danish gambling regulator Spillemyndigheden released sports betting and online casino results this week, pointing to its strongest quarter since the sector’s liberalisation in January 2012. Third quarter data, based on duty payments made by license holders, saw gross gaming revenue (GGR) from sports betting reach DKK 495 million (GBP 52.4 million), the result partly attributed …
Unibet’s recently spun-off B2B fully managed sports betting service provider Kambi Group reported a successful third quarter in terms of revenue growth of 68 percent. Key performance highlights for the third quarter ending September 30, 2014 include: – Revenue amounted to Euro 9.5 million (Q3/2013: Euro 5.6 million), up 68 percent – Operating profit (EBIT) …
Unibet Group plc has delivered its third quarter and 9M/2014 unaudited interim results, reporting new all-time highs in activity and margin growth. Key performance highlights for the third quarter ending September 30, 2014 include: – Gross winnings revenue of GBP 80.4 million (Q3/2013: GBP 64.0 million). – Profit amounted to GBP 18.1 million (Q3/2013: GBP …
The Spanish gaming authority Dirección General de Ordenación del Juego (DGoJ) has entered into a collaboration with la Autoridad de Fiscalización y Control Social del Juego de Bolivia and la Dirección Nacional de Loterías y Quinielas de Uruguay in terms of the cooperation and exchange of information regarding existing regulatory models in each jurisdiction. The …
Chief financial officer Michal Vepřek and chief marketing officer Zdeněk Lang will leave gaming firm Fortuna Entertainment Group (FEG) at the end of this year in line with an agreement made with the company’s majority shareholder, Fortbet Holdings. Fortuna has achieved long-term strength and stability and demonstrates considerable growth potential. After nearly five years with …
It’s taken more than a decade of expensive fact-finding trips, studies and political debate, but it appears from a Business Day report Wednesday that the South African government has decided on the prohibition of online gambling rather than licensing and regulating the industry. The decision to stick with traditional forms of gambling and eschew internet …
The much publicised arrest on illegal sports gambling charges of high stakes poker player Paul Phua, his son and several other associates in Nevada during the FIFA World Cup (see previous reports) is back in the headlines this week following defence lawyer criticism of the enforcement tactics deployed. It is alleged that, ignoring an opinion …
Numbers that have emerged during the litigation between the state of New Jersey and the US national sports leagues over sports betting show that an expert assessment values the potential market at an impressive $11 billion – surely an incentive for gambling businesses to get behind the state in pushing for sports betting legalisation. The …