Gambling news - page 903

Industry veteran appointed CEO at Rank Group

27 Mar 2014

The British land and online gambling group Rank plc has announced the appointment of industry veteran Henry Birch (45) as chief executive of the group. Birch will succeed Ian Burke (57) on May 6, when Burke takes up the responsibilities of non-executive chairman of the company. Birch was most recently CEO of William Hill Online, …

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Chinese sports lottery to raise more capital

27 Mar 2014

The Chinese online sports lottery operator 500.com has SEC-filed a follow-on trade and convertible bond offering that could raise $480 million. The New York-listed firm’s proposed American Depository Shares transaction is expected to contain a mix of primary and existing shares made available by two major shareholders – Brothers Union International and Clear Treasure Group. …

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Retrogressive online gambling bill launched in conress

27 Mar 2014

After a week of hype, the Republican Party’s Sen. Lindsey Graham of South Carolina and Rep. Jason Chaffetz from Utah, introduced the Restoration of America’s Wire Act to the federal House and Senate on Wednesday, seeking to formalise the interpretation of the Wire Act as embracing all forms of internet gambling, and attempting to reverse …

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GTECH completes Scratch&Win buyout

26 Mar 2014

GTECH S.p.A has acquired the entire interest held by UniCredit in the Italian Gratta e Vinci (Scratch & Win) licensee, Lotterie Nazionali S.r.l., raising its direct and indirect interest in the company from 51.5 percent to 64 percent. The cost of the acquisition was around Euro 72 million.

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32Red plc issues trading update

26 Mar 2014

32Red Plc noted a recent sharp fall in the share price and has moved to confirm that company trading in recent weeks has strengthened further with gross gaming revenues up 19 percent in the first 24 days of March against the corresponding period which takes the cumulative year-to-date increase to 8 percent. The company Board …

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Intralot hits Euro 1.5 billion revenue in 2013

26 Mar 2014

Greek-owned gaming firm INTRALOT’s revenues for the full year 2013 period have exceeded Euro 1.5 Billion, a key milestone for the company. Key performance highlights for the year ending December 31, 2013 include: –     INTRALOT Group Consolidated Revenues increased by 12 percent to Euro 1,539.4 billion compared to 2012. –     Net of a negative FX …

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Ladbrokes relaunch casino with Playtech

26 Mar 2014

Ladbrokes had finally re-launched its casino offer across its digital platform with the introduction of a full range of Playtech products. As part of the transition, the previous casino software and games portfolio have been withdrawn from Ladbrokes.com and .dk sites and replaced with Playtech products. At the same time, improvements have been made to …

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New Microgaming slot launches across all platforms

26 Mar 2014

Microgaming will release its latest casino game titled “High Society” across all platforms in download, Flash and HTML5 versions to suit all devices. The game will also launch concurrently across Microgaming’s Casino, Bingo, Poker, Mobile and Quickfire products. High Society is a five-reel, 25-payline video slot based on, as the title suggests, living the high …

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New video slot from Yggdrasil Gaming

26 Mar 2014

The Swedish online gambling content developer Yggdrasil Gaming has unveiled Robotnik, its third video slot game following the successful launch of Jokerizer and Winterberries, with a number of its partners going live with the title Wednesday. Robotnik is a high variance video slot based on a modern interpretation of Strauss’s Blue Danube and Stanley Kubrick’s …

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Leeds online punter jailed for fraud

26 Mar 2014

Compulsive online gambling was the downfall of a young Leeds, UK woman who was handed a sentence of a 20 month prison sentence, suspended for two years, and ordered her to take part in a programme designed to address her gambling habit this week in the Leeds Crown Court. Ginnie Cassells was employed by her …

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Nyet to internet gambling, say Russian prosecutors

26 Mar 2014

In what appears to be the start of a new anti-online gambling initiative, Russian authorities have added a massive 600 new sites to the national blacklist which local ISP’s are obliged to block. Initial reports are that the wide-ranging list includes major companies like Unibet, Pokerstars, Titan Poker and Party Poker. Maxim Ksenzov, deputy head …

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GameAccount Network has Asian ambitions

26 Mar 2014

The UK online gambling provider GameAccount Network has made no secret of the fact that it is eyeing possibilities in Asia, and this was further confirmed this week by its announcement that it is to make its first appearance at the May 2014 G2E conference and expo in Macau. The company will be focusing on …

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Jollies at Las Vegas Sands for Republican presidential candidates

26 Mar 2014

Further evidence of the major influence that seriously wealthy individual Americans can have on the US political scene emerged this week with reports that Republican Party mega-donor and land casino magnate Sheldon Adelson is to vet four of 2016’s US presidential hopefuls during a Republican Jewish Coalition leadership jolly at his luxury Venetian Hotel and …

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William Hill plc to withdraw from 55 countries

26 Mar 2014

Marketing affiliates delivering players to William Hill plc online gambling operations were surprised – many shocked – to receive an email this week advising that, effective March 26, the group is reversing out of 55 countries where it has been active in the past. Little in the way of detail surrounding the decision is apparent …

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IGT to cut costs

26 Mar 2014

Online and land gambling supplier International Game Technology is taking action to re-align its cost structure for long-term earnings growth, the company said in a statement Tuesday. The initiative will see staff retrenchments and cost cutting, with one of several key goals being the re-engineering of the firm’s game development process to leverage its strength …

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Quick reaction from the U.S. Democratic Governors Association

26 Mar 2014

Texas governor Rick Perry’s call for the resurrection of the full Wire Act to stop the trend toward online gambling legalisation triggered a fast reaction from the Democratic Governors Association Tuesday, which quickly flagged its opposition to any such move. In a letter addressed to the leaders of Congress, including Senate majority leader Harry Reid …

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Texas Governor wants online gambling banned

26 Mar 2014

Industry observers are speculating on whether there is a connection between Sheldon Adelson’s jihad against online gambling and the statement Monday by Texas governor and presidential 2016 candidate Rick Perry, who has called for a resurrection of a strengthened Wire Act specifically aimed at halting the legalisation of online gambling. The publication The Hill reports …

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GamCrowd appoints CFO

26 Mar 2014

Gambling industry crowd funding and sourcing website GamCrowd has appointed Andrew Bowen as financial director. Bowen is a gambling industry veteran who formerly served as the first finance director of Ladbrokes eGaming, finance director at Global Draw, and subsequently group finance director of SG Gaming. More recently and currently, Bowen has been or is involved …

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MX Digital in Blues Brothers licencing agreement

26 Mar 2014

US-based online gambling content developer MX Digital has entered into an exclusive partnership with Blues Brothers Approved Ventures for the use of The Blues Brothers brand. The terms of the agreement include using the names and likenesses of Jake and Elwood Blues, for online gaming properties, with promotional support from Elwood actor, Dan Aykroyd. Eric …

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Morgan Stanley lowers U.S. online market forecast

26 Mar 2014

As news came of the advancement of a new bill by the New Jersey State Senate Committee that would allow for interstate online gambling between Nevada, Delaware and New Jersey, Wall Street financial firm Morgan Stanley has lowered its forecast of the U.S. internet gambling market from $5 billion to $3.5 billion by 2017, citing …

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KGM Gaming and Spin Games now live in New Jersey

26 Mar 2014

KGM Gaming and Spin Games LLC’s agreement with Caesars Entertainment has come to fruition with initial content now live on Caesarscasino.com for the New Jersey market. Under a license agreement between the two companies, the ROC™ HTML5, remote gaming server technology is being utilised along with a range of games that are developed on the …

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Net Entertainment’s Wild Water slots debuts

26 Mar 2014

Net Entertainment has released its latest slot titled Wild Water. Set against the idyllic backdrop of a palm tree-lined sandy beach, players are taken back to the groovy 60’s and 70’s surfer-dude era. Rich graphics and a Beach Boys – type soundtrack set the scene along with a host of innovative features. There are Wild …

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Social sports market expands with TipDay launch

25 Mar 2014

Scotland-based 180Vita, owner of PokerTube, FootballTube and PokerVP, has gone fully live with its free social betting site TipDay following a soft launch earlier this year. Tipday allows players to predict the outcome of sporting events from English Premier League football to NBA basketball.  The more accurate the tip, the more points a player can …

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Iforium in content deal with NYX Interactive

25 Mar 2014

Isle of Man-based eGaming software development company Iforium has partnered with NYX Interactive in a content licencing deal involving over 100 casino game titles in both flash and HTML5 from NYX OGS. NYX OGS will be integrated into Iforium’s Gameflex casino engine offering customers additional titles from different game studios. David Flynn, senior vice president …

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