B2B mobile gambling technology and platform provider Nektan Plc has announced its intention to float on the London AIM exchange. The company aims to raise around GBP 4 million through a placing of new shares, to which Panmure Gordon (UK) will act as advisor and sole broker. Funds raised via the placing will additionally be …
Singapore’s Media Development Authority (MDA), ahead of the Parliamentary debate on the new Remote Gambling Bill scheduled for tomorrow (Tuesday), said the bill, which outlaws online gambling, will have little or no effect on social gaming. Key provisions in the bill, which had its first Parliamentary reading on September 8, 2014, include ISP and payment …
Beijing’s anti-corruption campaign and tough economic conditions continue to have a negative effect on Macau gambling revenues which fell 11.7 percent in September 2014 compared to the same period 2013. Although September revenues, in decline for the fourth consecutive month, fell to 25.6 Billion Patacas (US$ 3.21 Billion) from 29 Billion Patacas in September 2013, …
Phil Ivey is under the spotlight as he fights to defend his reputation and recoup winnings of around GBP 7 million from Genting UK’s upmarket Crockfords Club casino before a British High Court. Ivey has admitted to using an edge-sorting technique while playing a version of baccarat called Punto Banco but firmly stands on his …
The New Jersey Assembly’s Tourism and Gaming committee have unanimously approved Bill A-3711, proposed legislation that will repeal a ban on sports betting in the State. In August Governor Chris Christie surprised many by issuing a directive allowing New Jersey sports betting without fear of prosecution (see previous report). The Bill is designed to reinstate …
Betfair, who was given a provisional waiver by the New Jersey Division of Gaming Enforcement (DGE) following the closure of its terrestrial partner Trump Plaza, has joined forces with Caesars Entertainment for the New Jersey market. Caesars Interactive already holds two online gaming partnerships with 888 Holdings and Amaya Gaming, while operating its own online …
Andy McCue, successor to Paddy Power’s chief executive Patrick Kennedy as of January 1, 2015, said he will back his Sportsbet Australia team’s lobbying efforts in reforming Australian digital gambling laws on in-play betting. “One of the clear observations from the Australian market is you can’t bet in-play digitally, which is something of an oddity,” …
Leading British newspaper The Guardian has published an extensive report suggesting that gambling firm Bet365 is knowingly flouting Chinese law in offering online gambling to Chinese punters. The Guardian bases its report on documents it says it has in its possession, interviews with former and current bet365 employees, Freedom of information requests made to the …
On the back of news of Intralot’s Greek Supreme Court challenge against the sale of the exclusive 20-year horse race betting licence to OPAP, the Remote Gaming Association (RGA) has reiterated its concerns regarding the Greek online gambling regime, saying an open, regulated and fairly taxed market would be of benefit to both the Government …
A deal signed earlier this year between Playtech and Mexican gaming firm Grupo Caliente has come to fruition with the online and mobile launch of Caliente.mx. Kahnawake Gaming Commission-licenced Caliente.mx currently offers online and live casino, it expects to roll out sports betting and live betting in the very near future.
London-headquartered Caleta Gaming has integrated a new social slot title “Samba Rio” to its Facebook application Brasingo. The game features a catchy Copacabana-themed symbol set and dancing Sambista’s along with expandable Wilds. Players need to collect 8 themed items to unlock the final stage of their journey in Brazil before being able to access the …
German sportsbetting firm Betterbet Sportwetten GmbH has acquired Betbull Holding SE subsidiaries WettenLeip GmbH, OST Outsourceing & Trading, Penalty Sports Entertainment and Primebet for around Euro 7.4 million. Dependent on the award of a German sports betting licence by a June 2015 deadline, a further Euro 1.5 million may be payable. BetterBet is headed up …
The Ugandan National Lotteries Board (NLB) has passed a decree that requires gambling firms to pay a security bond of USH 200 Million (US$75,616.00) to cover customer payments should those operators fail to meet their obligations. “Most of these sports betting firms are owned by foreigners,” Manzi Tumubweinee, chairman of the NLB inimitably said. “After …
Intralot has reportedly approached Greece’s Supreme Administrative Court to block the sale of the sole Greek horse race betting licence awarded to betting firm OPAP, unidentified court officials told Reuters Wednesday. The Hellenic Republic Asset Development Fund (HRADF) named Intralot the sole bidder on a tender for the sale of the exclusive 20-year horse race …
The $2.4 Billion Revel Casino in Atlantic City was sold to Brookfield Asset Management at auction for $110 million earlier this week. “It’s an opportunity to acquire the newest and highest-quality asset in Atlantic City at an attractive basis,” said Richard B. Clark, chief executive of Brookfield Property Partners, an affiliate of the buyer. “We’ll …
Quickfire, powered by Microgaming, has added Betdigital to its stable of development partners. Under the terms of the partnership, Quickfire will launch Betdigital land-based titles online, in both Flash and HTML5. Betdigital, founded in 2011, develops quality gaming content for online, mobile, interactive TV and land-based gaming platforms. Popular Betdigital titles include Superpots Bar-X™, Caesars …
ACCC APPROVES TABCORP ACQUISITION OF ACTTAB (Update) Consolidation rather than direct competitive overlap in retail outlets says Commission The Australian Competition and Consumer Commission (ACCC) has given the go ahead for Tabcorp Group’s proposed acquisition of ACTTAB following a review to determine fair competition. “The ACCC considered that ACTTAB has not been a vigorous competitor …
As part of the American Gaming Association’s (AGA) “Get to Know Gaming” campaign, results of a new study conducted by Oxford Economics were released examining the broader economic impact the gaming industry, as a whole, has on the US economy. The report covers the effect commercial casinos and manufacturers and Native American casinos have on …
According to Aiseiri, an organisation that run two addiction rehabilitation centers in Ireland, one in four admissions for gambling addictions are caused by online gambling. The report compiled by Paul Mullins, covering three years of admissions data, claims an estimated 25 percent hike in gambling problem consultations since the increase in popularity of online gambling. …
Finnish-based gaming platfom provider Finnplay will integrate BetConstruct’s latest sportsbook technology. “Sports betting continues to be one of the fastest growing products in the online gambling market and is proving to be the core to the success of the betting and gaming industry,” commented Martin Prantner, chief executive of Finnplay. Suren Khachatryan, chief executive of …
The Senet Group comprising William Hill, Ladbrokes, Paddy Power and Coral are standing by their recently launched voluntary self-regulated responsible advertising collaboration by committing to a voluntary ban on free bets and free money advertising on television before 21h00. The commitment follows concerns voiced by the English Premier League (EPL) regarding the volume of such …
The State Gambling Commission (SGC) has set its sights on the availability of free gambling apps saying there is not enough control over minors’ access. The SGC wants to create a blacklist similar to its already extensive advisory on operators offering services in that market without a Bulgaria-issued licence. Peter Naessens of the SGC believes …
Malta-based 1Click Games, a white-label solution provider, has launched a new gaming site at VIP Stakes.com. The website, owned and operated by Curacao-licenced HighWeb Ventures N.V., offers slots, table games, video poker, arcade games, jackpot games, live casino, sports betting and live betting on desktop and mobile. The website is professional in design and simple …
European sports betting operator NetBet has agreed a sponsorship partnership with French Ligue 1 football club OGC Nice. Under the terms of the deal which was brokered by sports media agency SportFive, the NetBet brand will appear on the OGC Nice club jersey. NetBet will additionally have branding opportunities in the club’s Allianz Riviera Stadium …