Bear Group, a subsidiary of London-listed online gambling provider Gaming Realms, has launched a new online and mobile casino dubbed Spin Genie – an appealing addition to a stable of internet gambling operations that includes Total Gold, CastleJackpot and Pocket Fruity. The difference with Spin Genie is that it is the first to be launched …
Online and interactive television gambling group NetPlayTV has released a Q3-2014 trading update indicating an increase in new players, but noting heavy marketing spend which could impact its full year results. The report notes: * 21 percent increase in new depositing players to 18,853 (Q3 2013: 15,566) * 22 percent increase in active depositing players …
Content agency Accesswire reports from Canada that the country is rapidly becoming a key player in the online gambling industry, enjoying growth of 7 to 10 percent annually and generating market value of around C$30 billion. The fact that confusion remains over the legality of online gambling in Canada makes the impressive development of Canadian …
The American Gaming Association’s about-turn on legalised online gambling last year (see previous reports) clearly still rankles with Party Poker’s US online poker chief, Jeffrey Haas, who has accused the trade body of “betraying” the online gambling sector in its decision to cease supporting legalised internet gambling in favour of a hands-off neutral position. Commenting …
In an effort to revive Spain’s overtaxed and flagging online gambling industry, regulator the Directorate General for the Regulation of Gambling has announced that an unspecified number of new casino gaming licenses (to include slots) are to be offered to operators interested in expanding and the potential of the market. The licenses will be available …
NEW JERSEY ASSEMBLY APPROVES SPORTSBETTING BILL 73 to 4 vote follows an overwhelmingly positive Senate vote last week. The New Jersey House of Assembly has followed the state Senate in voting overwhelmingly in favour of legislation allowing operator-regulated sports betting in the latest attempt by the state legislature to get an intrastate sportsbetting bill on …
Police in Pune, India have arrested a 33-year-old man for developing and selling gambling software to bookmakers for use in online gambling. The Indian Times reports that Ekanksh Rajendrakumar Jain has been released on bail by Magistrate S.S. Patel pending his trial. The police were tipped off by a member of the public regarding Jain’s …
Hongze Lake, a subsidiary of the massive Hong Kong corporate Ten Cent, has announced that it is acquiring a 7 percent stake in lottery technology and services company China LotSynergy for $57.4 million. Hongze will buy 594,034,513 new shares at a price of $0.75 each, and has negotiated the option to acquire a further 3.46 …
Aussie gambling giant Tabcorp has announced that its Victorian TAB is to co-mingle its racing pools with Hong Kong Jockey Club for most common bet types on the Sha Tin and Happy Valley races. Commenting on the deal, Tabcorp COO Brendan Parnell described the agreement as an important milestone in the relationship between the two …
The UK online gambling operator Sky Betting and Gaming has posted an outstanding quarterly report showcasing a 60 percent rise in revenues to GBP 56 mikllion. In the three months ended September 30, Skybet scored heavily from the FIFA World Cup, which ended in July 2014, but other verticals performed well too.
Social networking and gaming company Imperus Technologies Corporation (formerly ISIS Lab) has negotiated the purchase of the entire share capital of the four-year-old Israeli-based social games developer DiWip for a consideration of up to $100 million. The company’s management team and staff will be retained as part of the agreement. Founders Mark Kantzuker and Yaniv …
The New Jersey Devils ice hockey club, a member of the US National Hockey League, has signed an agreement with fantasy sports developer Hot Box that features it in a pay-based fantasy game already being promoted on the team’s website. The game will exclusively focus on Devils games and players and will be heavily driven …
It’s taken some time to for it to act, but on Thursday the European Commission referred eleven EU member states to the European Court of Justice for various and persistent contraventions of EU law, some in cases involving online betting and poker services. The move represents something of a breakthrough because, in the case of …
The UK listed online and land gambling group Rank plc issued a brief interim management statement for the 15 weeks to 12 October 2014 Thursday, reporting a 3 percent increase in like-for-like revenues over the period driven by the performance of the Grosvenor Casinos brand. Total revenue increased by 2 percent, with the digital division …
The Bwin.Party Digital Entertainment gambling group released an interim management statement for the period July to mid-October 2014 Thursday, presenting a continuing picture of mediocre performance with the occasional bright spot. The more positive aspects of the report showed online and mobile sportsbetting revenues up 11 percent in the third quarter, and revenue from nationally …
The recent legislative approval for tough new anti-online gambling laws in Singapore (see previous reports) has reportedly spurred several operators to commence withdrawal initiatives from the country. Only a week after lawmakers passed the new laws, several online gambling companies have stopped registering new accounts, usually the precursor to a shut-down, and major operators Bet365 …
The sparsely populated province of Sikkim – the only Indian provincial government with an online gambling licensing scheme – has issued an online gambling licence to Future Gaming Solutions India Pvt Ltd, allowing the company to offer internet sports betting, online casino, bingo and poker services to Sikkim residents. Formerly a lottery-oriented company, Future Gaming …
The closure of three more land casinos in Atlantic City – Revel, Trump Plaza and the Showboat – has inevitably impacted September revenues released by the New Jersey Division of Gambling Enforcement, which released the latest monthly statistics Wednesday. Overall revenues were down 13 percent on the same period last year despite the inclusion of …
Online sports betting firm Sportium has signed a sponsorship deal with Spanish basketball club Bàsquet Manresa. A company spokesman said that the agreement will strengthen the brand in the Spanish market and enhance an earlier sponsorship deal with the Spanish Football League, which oversees the two major professional soccer leagues in the country.
Six weeks on from the shock suspension by government of the South African National Gambling Board (see previous reports), the nation is still in the dark on the detailed reasons for the drastic move. The Board is currently under the temporary control of two government-appointed caretakers. The government has offered no further information beyond its …
A mobile internet application development and marketing firm based in Palo Alto, California has been awarded a sports lottery licence by the Chinese provincial body, the Fujian Administration of Sport and Gaming. XcelMobility Inc., says the licence it has received permits it to supply sportys lottery services using mobile devices. Ronald Strauss, executive chairman of …
The Playtech-powered sports betting operator Titanbet has consolidated its presence in the British market by teaming up with The Sun newspaper to sponsor its popular daily betting column. The sportsbook, run by Playtech’s subsidiary, PT Entertainment Services, is planning a number of initiatives to attract new customers in the fiercely competitive market. Journalist Andy Totham’s …
Tabcorp Holdings has posted a solid set of fiscal Q1-2015 results, with digital interests again turning in a sterling performance. Group revenues for the three months to 30 September 2014 were A$537.4 million, up 6.6 percent on the prior corresponding period, with the Wagering division continuing to build on momentum established in FY14 by delivering …
By combining a no-house-edge roulette and the broad P2P betting exchange concept in an online format, British entrepreneurs George Georgiopoulos and Gianni Galanis claim they’re onto a winning proposition, reports the magazine Quartz. In roulette the broad odds of the ball landing on an odd number are equal to the odds of it landing on …