The Canbet issue reported last month appears to be going from bad to worse, with new revelations flowing from extensive Australian media coverage, and one of the company’s Australian-based directors revealing that there are no plans to revive the company. Among the fresh allegations are claims that the betting company took wagers illegally on certain …
Gibraltar-based online gambling group 32Red.com has posted another strong annual performance for the fourth consecutive year, reporting record revenues and EBITDA. Highlights of the report include: * Total gross gaming revenue up 21 percent year-on-year at GBP 38.8 million; * Online casino GGR up 19 percent y-o-y at GBP 35.6 million; * Increase of 24 …
Joanne Sharp, a 28-year-old parish clerk and mother of three in the UK with a penchant for online gambling, was jailed for 12 months this week for plundering the bank account of the council for which she worked. Prosecutors at the Peterborough Crown Court adduced evidence showing that Sharp helped herself to GBP 65,000 of …
Municipal police in Subang Jaya, a city in the Selangor province of Malaysia, raided six premises Thursday, seizing a total of 223 computers allegedly used for illegal online gambling activities. The coordinated raiding operation involved 53 officers and commenced mid-afternoon, and a police spokesman told the press that in four instances forcibly entry had to …
Scientific Games Corporation reported Thursday that it has inked a new contract with the North Dakota Lottery to implement and operate an online lottery system, and to provide a range of services and marketing support, along with its Sciplay interactive platform, which includes systems for internet subscriptions, player registration and player rewards programs. Scientific Games …
NextGen Gaming, the Australian-based slots studio of NYX Gaming Group, has launched the first of a series of online slots slots titles – Foxin’ Wins and Irish Eyes 2 – on William Hill’s Vegas tab in both HTML5 & Flash. The licensing agreement covers both mobile and desktop games from the NextGen Gaming and Aristocrat …
Our readers will recall the very firm refusal by British ISP companies to cooperate in any attempt by the government to impose blocks on unlicensed internet gambling sites when its new point-of-consumption laws come into force at the end of the year. It appears from reports this week that the country’s financial institutions have no …
Fortuna Entertainment Group, a Czech-facing online and land betting company has posted results better than analyst expectations of Euro 14.3 million, with net profit up 26.4 percent over the year to Euro 15.6 million, boosted significantly by online gambling operations. The Reuters news agency reports that total amounts staked were also better than expectations, rising …
The House of Lords debate this week on the new point-of-consumption British licensing and taxation law (see previous reports) has produced a suggested amendment that, if approved at subsequent readings, could have serious additional financial implications for companies that licence in the UK. Pushed by Lord Gardiner, the amendment seeks to use government legislation to …
The Spanish regulator Dirección General de Ordenación del Juego’s latest numbers indicate a 15.6 percent quarter-on-quarter improvement in revenues in this now notoriously sluggish and heavily taxed online gambling market…but the results still lag behind those achieved a year ago. Q4 revenues reached just under Euro 60 million, 2.5 percent lower than the comparative period …
Speaking to reporters following the publication of the company’s latest results (see previous reports), Paddy Power chief exec Patrick Kennedy said he wants to enter new markets overseas and offer more services in countries such as Australia and Italy if some types of online betting are made legal in those markets. However, he would not …
Boyd Gaming, the New Jersey company that owns the Borgata, has posted a disappointing result for the casino resort’s fiscal fourth quarter, reporting total revenues of $157 million, including $2.2 million from online gambling – a 6.5 percent increase on Q4:2012, although in the comparative period the casino had to contend with major interruptions from …
The Quezon City Council in the Philippines is currently reviewing a proposal that calls for greater regulation and control of online gambling and bingo games, including those held in carnivals and those for charitable causes. The Inquirer.net newspaper reports that the proposal – the work of councillors Jesus Manuel Suntay and Godofredo Liban – is …
Bitcoin bank Flexcoin has closed its virtual doors with immediate effect following an electronic heist on its “hot wallet” on March 2, 2014. According to Flexcoin, the hacker made off with 896 BTC (valued at approx $600 000), dividing them into these two addresses: 1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu 1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6 Flexcoin said it does not have the resources, assets …
Paddy Power has been ordered by the UK Advertising Standards Authority (ASA) to pull a rather distasteful ad campaign centred on the current trial of South African Para-Olympian Oscar Pistorius following receipt of a record 5 200 complaints. The online and print campaign is running bets on the trial under the strapline “money back if …
Danish telecom company TDC will enter the Danish gambling market with Ecosys Ltd, a Danish firm headed up by bold.dk and Bet24.com founder Holger Kristiansen. Bet24 was sold to MTG and in mid-2012 absorbed into Unibet in a takeover deal worth Euro 13.5 million (see previous reports). This new collaboration will see the launch of …
Foxy Bingo and Cheeky Bingo parent company Cashcade has awarded its media planning and buying contract to UM London media communications agency following a competitive pitch. Cashcade will move its GBP 8 Million media account from incumbent independent media agency Concord. Ben Reilly, an account director at UM London, said: “These are great brands to …
In a follow on from earlier press statements today (see previous report), Playtech has announced that Teddy Sagi’s Brickington Trading Limited’s proposal to sell approximately 29.3 million ordinary Playtech shares at a price of 725 pence per ordinary share has been expanded. Brickington says that due to overwhelming demand from existing and new investors, it …
“The Palladium”, a 4 by 6 reel, 50 payline game is set to a night club theme and offers a special Super Symbols features. “Love U” offers triple symbols and free games with a multiplier collection feature in a college-themed 3 by 5 reel, 5 payline game. The classic tale of Robin Hood and Maid …
Scientific Games Corp-owned subsidiary Williams Interactive will provide its Las Vegas-style slot games to gaming sites running on the GameSys Group platform in New Jersey through integration with the Williams Interactive Remote Game Server. Operators include the likes of Virgin Casino and Tropicana Atlantic City Online. The deal is an extension to Williams Interactive and …
The San Jose, California-based online security company ThreatMetrix has announced its entry into the world of online gambling, offering its context-based security and advanced fraud prevention solutions to operators. The company recently became a registered vendor with the New Jersey Division of Gaming Enforcement, empowering it to conduct business with casinos in Atlantic City. “ThreatMetrix …
The Perform Group, a digital sports media company in the UK, posted a shocker of an annual report this week, reporting a 75 percent year-on-year decline in pre-tax profits, which it blamed on rising costs and a tough business year. For the year ended December 31 the company reported revenues up by 37 percent to …
The major Australian betting company Tabcorp Holdings Limited has announced that participants in the company’s Dividend Reinvestment Plan in respect of the interim dividend announced on 6 February 2014 will be allocated ordinary shares at a price of A$3.47 per share on the dividend payment date of 24 March 2014. The price represents a 2.5 …
Online gambling software company Playtech plc announced Wednesday that Teddy Sagi’s company Brickington Trading Limited – a 49 percent shareholder in Playtech – intends to sell 29.3 million of its shares in Playtech (10 percent of the company) at a price of 725 pence per share via an accelerated bookbuild. “The Placing Shares represent approximately …