Gambling news - page 946

Stamford online sports bet collector sentenced

2 Nov 2013

Another of the Connecticut online sports betting bust defendants has been sentenced following a guilty plea earlier this year. Joseph Borea (56) was handed a 33 month prison sentence Friday for his role in illegal online gambling businesses that prosecutors said were controlled by a New York organised crime group. Borea was arrested as part …

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Canada’s sports betting bill is not dead yet

1 Nov 2013

The quest for single bet sports wagering, on the agenda since its introduction by Canadian MP Joe Comartin back in 2011 continues, with the measure still alive when parliament returned to work on October 16 after the summer recess. Our readers will recall that bill C-290 is designed to bring Canadian betting laws into the …

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Yggdrasil Gaming in new online lottery venture

1 Nov 2013

The Swedish gaming firm Yggdrasil Gaming is betting that its new progressive lottery venture, Lotto7, will pack the punters in when it launches in December this year. Preparations for the launch are almost complete for the new product, which features a pooled progressive jackpot starting at Euro 2.5 million and draws seven days a week, …

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Sheriff Gaming – A puzzling silence

1 Nov 2013

The Dutch online gambling games developer Sheriff Gaming continues to deny any wrongdoing in its latest statement on the suspension of its licence by the Alderney Gaming Control Commission and says it is “working hard” to get the suspension lifted…yet it remains remarkably silent on the reasons for the still enforced suspension despite its vehement …

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Legends defendant admits to money laundering

1 Nov 2013

Michele Lasso-Barraza, a thirty-year-old employee of the shutdown online sports betting group Legends, has pleaded guilty in a New York federal court to laundering $8 million accrued by the company in illegal online betting. Originally from Panama, Florida resident Lasso-Barraza entered her plea through a video feed and will be sentenced on February 28 next …

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Move to online and mobile gambling in Australia

1 Nov 2013

Australia’s traditional bookmaking giants Tabcorp and Tatts are under increasing pressure from online and mobile companies like William Hill and recently acquired Tom Waterhouse, Paddy Power’s Sportsbet and Centrebet and Betfair as punters turn increasingly toward digital channels to bet on sports events, reports The Age newspaper. In a long article prompted by next week’s …

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Another record for China’s gambling mecca

1 Nov 2013

Gambling revenue in the Chinese gambling island of Macau surged 31.7 percent to a record high in October year-on-year, after a week-long national holiday brought in hordes of keen mainland punters over Golden Week. Island casinos delivered revenues totalling 36.48 billion patacas ($4.6 billion) in October 2013 – the highest monthly figure on record, according …

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Nevada gambling revenues up 7.4 percent in September

1 Nov 2013

Nevada land casinos won $958.8 million from gamblers in September 2013, representing a 7.4 percent increase over the same month last year due largely to big betting on baccarat and luck that favoured the house, the Nevada Gaming Control Board revealed Thursday. It was the second-highest monthly total for the calendar year behind February, said …

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Sports betting site to support cancer charity

1 Nov 2013

Bet4Balls.com, a new social enterprise designed to raise money for prostate cancer charities, has launched in collaboration with seven top UK online bookmakers including Betfred, William Hill and Betfair. The owners claim that Bet4Balls.com is the UK’s first online betting website offering punters the opportunity to combine betting on sports with donating to charity. The …

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Way open for Virgin Isles to focus on online gambling

1 Nov 2013

A Virgin Islands online gambling law that was passed 12 years ago but never really implemented is set to be fully deployed following confirmation by the islands’ governor and Casino Control Commission this week. The Virgin Islands Internet Gaming and Internet Gambling Act will enable the U.S. Virgin Islands to boost its flagging economy with …

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Major Italian online operator adds iSoftBet games

31 Oct 2013

FENGaming, one of Italy’s biggest and most reputable internet sports betting platforms, has added a selection of iSoftBet games to its gaming suite, making the games available to FEN subsidiary companies. Included in the selection of iSoftBet games is an array of premier branded slots alongside more traditional top-earning Vegas-style online casino games like Absolute …

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Odobo in first content deal with online gambling operator

31 Oct 2013

HTML5 games supplier Odobo has signed a content deal with UK online gambling group bet365 that will see the operator offering its players a wider selection of games developed by game studios using Odobo’s unique Game Development Kit. Two new games, The Legend of Olympus from Rabcat and Baccpo from AppleJack Gaming, have already been …

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Slovenia plans new gambling legislation

31 Oct 2013

Slovenian land and online gambling will be regulated under a new Gaming Act overseen by a regulator reporting to the Finance Ministry from next year. The government has, as a member of the EU, taken the first mandatory steps in notifying the European Commission of its intentions and presenting a draft proposal for comment. Local …

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Another big online gambling bust in China

31 Oct 2013

Following the completion of investigations, police in Guangdong, China have released details of another online gambling ring shutdown, this time in the Zhuhai special economic zone bordering Macau last month. The publication China.org reports that fifteen foreigners from Malaysia, Indonesia and Singapore were among the 21 persons arrested in the operation, which broke up a …

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Minnesota lawmakers concerned over online gambling expansion

31 Oct 2013

Minnesota state lawmakers interrogated state lottery officials Wednesday at a hearing of the House Commerce and Consumer Protection Committee on the broadening sales platforms used by the lottery. Several legislators said they were concerned about the lottery’s push into Internet ticket sales and games, and how much further virtual gambling might go, the local newspaper …

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Cyprus police shut down online gambling base

31 Oct 2013

Police in Cyprus have continued to pursue illegal online gambling operators on the island, reporting that officers from the crime prevention unit and the electronic data forensic laboratory raided a shop in Yeroskipou Tuesday evening. The officers seized nine computers, money and other evidence, but no arrests were made. The computers are now being inspected …

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Online wagering boosts Churchill Downs numbers

31 Oct 2013

Online operations were an important positive contributor to US racing company Churchill Downs third quarter results, released Wednesday by the company. Betting on TwinSpires.com, Churchill’s online advance-deposit wagering platform, grew 7.3 percent, and online operations reported a 6 percent revenue rise to $48.5 million, raising the online division’s earnings by 31 percent. Churchill reported a …

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NetplayTV acquires e-gaming division of Sportech

31 Oct 2013

The UK interactive television gambling group NetPlayTV has purchased Vernons.com, the e-gaming division of Sportech plc, from Sportech (Alderney) Limited. Vernons.com operates an online casino, bingo, poker and sports book, and the acquisition includes the brand, customer database of 367,000 players and various other gaming assets. The purchase, through the group’s subsidiary NetPlayTV Group Limited …

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bwin.party divestments pave the way for New Jersey online gambling licence

31 Oct 2013

Party Gaming founders and subsequent major shareholders in the merged Bwin.Party online gambling group, Ruth Parasol and Russell DeLeon, have elected to put their shares into divestiture trust accounts to pave the way for the group to obtain New Jersey online gambling licensing. Industry observers have speculated that the arrangements may be designed to alleviate …

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Court favours HMRC in Rank Group VAT appeal

31 Oct 2013

The Rank Group Plc (Rank) has applied for leave to appeal to the Supreme Court following a ruling handed down by the Court of Appeal in favour of HM Revenue & Customs. The case concerns a claim for overpaid VAT between 2002 and 2005 . Rank was awarded the HMRC refund amounting to GBP 30.8 …

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EveryMatrix modernises branding image

31 Oct 2013

Gaming platform provider EveryMatrix has brightened up its image with new product logos carrying a fun and vibrant vibe. EveryMatrix’s new website delivers a modern, colourful design and simple navigation featuring tailored product information relevant to prospective clients and detailed, yet easy to read, information on each product and its suitability and range for the …

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Sheriff Gaming Alderney licence remains suspended

31 Oct 2013

The Alderney Gambling Control Commission (AGCC) has reported back on its closed hearing with Sheriff Gaming parent company Bubble Group BV , saying only that its Category 2 Associate Certificate remains suspended until further notice. No additional details were provided.

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Social games association launch best practice principles

31 Oct 2013

The International Social Gaming Association (ISGA), a body that emerged following a merger between The Social Gaming Association (SGA) and the International Social Games Coalition (ISGC) in September , has developed a set of best practice principles for the social games industry. The set of best practice principles covers five areas which are intended to …

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Online gambling operations a bright spot in Caesar’s third quarter

30 Oct 2013

The super-debt of US land gambling giant Caesars Entertainment, currently at around $23.8 billion, continued to weigh heavily on the group’s third quarter results released this week. The group posted a $761.4 million loss in the quarter, with debt servicing gobbling up $563 million from revenues that were just 0.7 percent up at $2.18 billion. …

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