Gambling news - page 837

A gem of a slot from Betsoft

31 Oct 2014

Both Bejeweled and slot fans will be attracted to BetSoft Gaming’s new 3D online slot, a five reel, 10 pay-line aesthetically appealing game they have titled Mega Gems. Brilliantly coloured gemstones against a smoothly futuristic backdrop set the theme on the game, in which the lines pay both ways. A polychrome Wild icon can appear …

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U.S. basketball chief reiterates belief that online betting is here to stay

31 Oct 2014

Whilst most US national sports leagues appear to have their heads buried firmly in the sand when it comes to recognising the public appeal of online gambling and sports betting outside the restrictive Professional and Amateur Sports Protection Act, one executive stands out as a realist….Adam Silver of the National Basketball Association. Silver is known …

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Bet365 extends horseracing sponsorship

31 Oct 2014

The Sandown Park Racecourse will benefit significantly from a three-year extension to the sponsorship agreement that it enjoys with the UK online gambling group bet365. In an announcement this week, bet365 revealed that it has extended the existing agreement to sponsor an annual two-day horseracing meet held at the track in the closing days of …

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Delaware disappointment

31 Oct 2014

State Lottery officials in Delaware have released disappointing statistics on the state’s online gambling activity in the month of September 2014, reporting that total revenue for the three operators Delaware Park, Dover Down and Harrington was only $145,022. The figure is the lowest since December 2013, when online gambling had just been launched the month …

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New Jersey online gambling to be studied by local university

31 Oct 2014

Rutgers University has announced the start of a three-year intensive research study on the impact in New Jersey of online gambling and ancillary problems, reports the publication NJ.com. University spokesmen said the study will evaluate how Internet gambling particularly affects problematic or addictive behaviours. “New Jersey is one of only US three states where Internet …

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Disgraced former banker gambled millions with online sites

31 Oct 2014

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 …

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Borgata increases its market share in Atlantic City

31 Oct 2014

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 …

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Scientific Games posts a Q3-2014 net loss

31 Oct 2014

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 …

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Malaysia to shut down 172 illegal gambling websites

30 Oct 2014

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, …

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ASA publishes operational review

30 Oct 2014

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, …

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Another Italian deal for Inspired

30 Oct 2014

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 …

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Ladbrokes inks football sponsorship deal Downunder

30 Oct 2014

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 …

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Hanoi cops break up online sports betting ring

30 Oct 2014

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 …

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Churchill Downs to shutter Luckity Bingo

30 Oct 2014

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 …

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Online gambling internet study underway

30 Oct 2014

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 …

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Bitcoin site SathoshiBet exits U.S. market

30 Oct 2014

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 …

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Cambodian online gambling ring bust

30 Oct 2014

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. …

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Australia gets tough on illegal offshore operators

30 Oct 2014

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 …

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CBS titles development for online and land casinos

30 Oct 2014

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, …

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Net Entertainment debuts new games

30 Oct 2014

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, …

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Key figure in Sports Trading Club arrested

30 Oct 2014

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 …

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Danish sportsbetting and casino market performs

30 Oct 2014

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 …

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Kambi Group plc profitable with solid growth in Q3 results

29 Oct 2014

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) …

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Unibet doubles net profit in quarterly report

29 Oct 2014

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 …

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