The Pennsylvania online gambling legalisation bill HB1235 authored by Rep. Tina Davis which was referred to the Committee on Gaming Oversight this week was published on the Pennsylvanian legislature website this week. Pertinent points include: – The wording of the proposal seems to indicate that only existing category 3 slot machine licensees may apply to …
Argentinean game developer Globant has entered into partnership with Bally Technologies and will begin development of a range games and digital gaming products for Bally Technologies’ web and mobile platforms. “We are really proud to have been selected by Bally Technologies as their partner”, said Guibert Englebienne, Globant co-founder and Chief Technology Officer. “I’m confident …
Las Vegas-based gaming development studio Genesis Gaming has launched four new games this April. Three of the games will launch on the Quickfire Platform powered by Microgaming and the other on 888.com’s online casino. Royal Roller for the Quickfire platform is a 25-line, 5-reel video slot game with a Roulette Free Spin bonus feature. The …
Bodog Asia has appointed Izhar Biran to the position Marketing Operations Director. Biran has held a number of positions in the gambling industry that include Casino Manager at Pacific Sea Invests, Risk management consultant at Victor Chandler, Operations Manager at Paragon and Business Account Manager at Playtech. “Bodog Asia has been catching my eye for …
According to various press reports, Spanish gaming firm Codere is to cease operations in Argentina with the closure of fourteen bingo halls in Buenos Aires. The company, despite reporting strong revenue and operating profits from the region as well as receiving an extension to five of its licenses until 2017 reportedly has difficulty repatriating capital …
MGT Sports Inc, a wholly owned subsidiary of MGT Capital Investments has ventured into the online and mobile gaming and wagering industry with the acquisition of a controlling interest of 65 percent in FanTD LLC. FanTD LLC’s website fanthrowdown.com hosts an interactive offering where customers participate in free or real-money fantasy sports play. The company …
The debate around how much tax New Jersey will reap from legalised online gambling in the state continued this week with the publication New Jersey.com publishing comparative figures from a number of studies. The Christie administration’s projection – based on estimates by the traditionally conservative Wells Fargo analysts – is that online gambling will raise …
Online gambling group 888 Holdings plc issued its first quarter 2013 results and its interim management statement Tuesday, reporting another successful quarter and promising business prospects. Q1 2013 Key Performance Indicators to the three months ended 31 March 2013 were: * Group revenue reached a record US$103 million (Q1 2012: US$94 million), an increase of …
The news Monday that U.S. activist investment fund Third Point had been disqualified from the sale of Greek gambling monopoly OPAP means that only one bidder is left in the race…and the offer from that bidder is disappointingly low. Third Point fell out of contention when it was disqualified because it insisted on a right …
Steve Shillinger, one of the co-founders of pioneering sports betting company World Sports Exchange, which closed its doors this week due to financial problems was found dead from a gunshot wound Saturday, reports the information portal Gambling911. Apparently foul play is not suspected. Shillinger founded WSEX in partnership with Jay Cohen and Hayden Ware, 911 …
The New York investment company MGT Capital Investments put its corporate toe in the online gambling water this week, announcing that it is about to take a controlling interest in an established fantasy sports betting operation branded FanTD LLC. Commenting on the announcement, Robert Ladd, MGT’s president and CEO, said that a subsidiary, MGT Sports, …
The Bulgarian Finance Ministry has named the new head of its State Gambling Commission to be Ivan Enicherov, who will succeed Kaloyan Krastev. Prior to the appointment Enicherov was a head of division within the Bulgarian Legal Department of the Ministry of Finance and was a member of the State Gambling Commission from 2004 to …
Emma Delta, a fund advised by Emma Delta Management Ltd which is beneficially owned by Czech investor Jiri Smejc (66,7 percent) and Greek shipping tycoon George Melisanidis (33,3 percent) is the last bidder left in the sale of a 33 percent shareholding in the Hellenic Football Prognostics Organisation S.A. (OPAP) as US. fund Third Point …
E-money network UKash has been honoured for the third consecutive year in the Queen’s Awards for Enterprise for its contribution to International Trade. The e-money transaction processor boasts a 65 percent year on year growth driven by an increase in acceptance of the format as a viable alternative to traditional banking and/or credit facilities. David …
The much anticipated Pennsylvania online gambling legalisation bill HB1235 authored by Rep. Tina Davis, has been launched in the State’s House at last, albeit substantially edited. If the Davis proposal makes it through the Pennsylvania Legislature and the governor’s desk, the Pennsylvania Gaming Control Board will be responsible for regulations and licensing. Davis’s originally expensive …
Irish online betting start-up Oddball.ie is confident on its prospects forecasting a market share of 10 percent of the Irish betting market by 2015. The company, founded by engineering and business studies graduate of Dublin City University Éanna Ó hIorua uses what it described as a unique “self correcting” maths algorithm to create a fluid …
The owners and operators of Foxwoods Resort Casino, the Mashantucket Pequot Tribal Nation (MPTN) has entered into a partnership agreement with GameAccount Network aimed at pursuing online gaming opportunities in the United States. The alliance will initially focus on play-for-fun online gaming opportunities in the US in anticipation of legislation being enacted allowing real-money wagering. …
Online sports book World Sports Exchange (WSEX) shut down its operation this week citing inadequate financial resources as the reason why. Our readers will recall the abrupt closure of WSEX’s World Poker Exchange subsidiary in February this year . In a similar notification to the closure of its poker subsidiary, WSEX posted a brief communication …
EveryMatrix’ OddsMatrix software has been awarded a Foreign Gambling Associate Certificate in Alderney effectively authorising it to provide its products to holders of an Alderney Category 1 gambling license. Two un-named Category 1 licensees have reportedly agreed terms with the firm on the back of the award and are currently at integration stage, revealed a …
The initial moves by private equity company CVC Capital Partners to acquire British online betting company Betfair has been rejected by the company’s board of directors. In a market communication Monday, Betfair noted that on 15 April 2013, CVC Capital Partners Limited announced that it was in preliminary discussions with Richard Koch, Antony Ball and …
Bwin Party Digital Entertainment’s strategy to abandon legally ‘grey’ markets, announced in its last financial reportage appears to have been implemented. Marketing affiliates reported Saturday that they had received an email from the company advising that new sign-ups would be blocked from April 30 2013 onwards, and asking them to take down all promotional and …
An alleged lottery ticket fraud dating back to 2006 and involving $5 million in prize money has surfaced in Syracuse, New York according to a report in the publication Syracuse.com. The case involves two brothers from central New York who claimed a $5 million lottery ticket sold at their family’s convenience store and who have …
New York State Senator Tim Kennedy, a Democrat from Buffalo, is concerned about the possible effect of legalised online gambling in neightbouring states like Delaware and New Jersey, according to a statement he issued Friday. Kennedy writes that the legalisation of online gaming in individual states across the United States could lead to increased illegal …
Traditional racecourse bookies, with their colourful language and hand signals, are very much a part of the racing experience, but modern technology may soon be presenting new challenges to their businesses, reports the publication This Is Money. The Jockey Club, which owns around 15 of UK’s top racecourses, is reportedly in talks with media partner …