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Gambling News Archive

Monday, 30th November 2015
Paddy Power CEO Andy McCue could be paid millions of euros should he choose to leave the enlarged Paddy Power Betfair group after the planned merger of the two operators is complete. A circular was sent...
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Monday, 30th November 2015
GVC Holdings has appointed experienced executive Shay Segev as its new COO. GVC is acquiring fellow online operator BwinParty and the newly created COO role will see Segev lead the integration of the firms'...
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Friday, 27th November 2015
Intralot reported a net loss for Q3 2015 despite recording an increased gross profit and EBITDA as the supplier suffered at the hands of a weak euro and increased tax payments. Gross profit rose 4% year-on-year...
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Thursday, 26th November 2015
EveryMatrix is completely rebuilding core elements of its offering in an attempt to push the business forward. The provider's CEO, Ebbe Groes, told Gambling Insider that the firm is "wiping the slate clean"...
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Thursday, 26th November 2015
The non-remote British gambling industry generated gross gambling yield (GGY) of £5.44bn for the period April 2014 to March 2015, marking a fifth consecutive annual increase. That was one of a range of...
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Wednesday, 25th November 2015
NYX Gaming Group has more than doubled its revenue for Q3 2015. The provider reported a 112% upturn to CAD 13.3m for the three months ended 30 September. Organic revenue, which excludes acquisitions, reached...
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Wednesday, 25th November 2015
Ladbrokes shareholders have voted in favour of its planned merger with Gala Coral, despite public opposition to the merger being expressed by Irish billionaire Dermot Desmond. The operators announced the...
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Tuesday, 24th November 2015
A lack of time was the main reason why Playtech was not able to complete its planned purchase of trading platform Plus500, and not a failure to comply with terms laid out by the Financial Conduct Authority...
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Tuesday, 24th November 2015
Profits at Atlantic City casinos rose by over 60% in the third quarter of 2015. Figures from the New Jersey Division of Gaming Enforcement (DGE) reveal gross operating profit for the three months ended...
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Monday, 23rd November 2015
Gamblit Gaming is planning to partner with established online operators. Company CEO Eric Meyerhofer confirmed to Gambling Insider that the provider is seeking to team up with firms that are "looking to...
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Monday, 23rd November 2015
Playtech has terminated its merger agreement with trading platform Plus500. The deal, which was due to be worth an approximate £459.6m and was first announced in June, has been called off due to Playtech...
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Friday, 20th November 2015
NetEnt is planning to hold talks with PokerStars over the possibility of providing the operator with its online casino content in New Jersey, Gambling Insider has learned. Bjorn Krantz, managing director...
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Friday, 20th November 2015
The progress of a Pennsylvania online gambling bill represents the closest a US state has come to legalising internet gaming since New Jersey, says a leading industry consultant. HB 649 was passed by the...
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Thursday, 19th November 2015
New Jersey will look to legalise online sports wagering in the state, should it be successful in attempting to regulate land-based sports wagering, David Rebuck has told Gambling Insider. In an exclusive...
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Thursday, 19th November 2015
An "inappropriate" Paddy Power advert which referred to immigrants in Calais has been banned. The ad, which featured on social media channels, showed a lorry covered in pictures of sports stars Raheem...
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Wednesday, 18th November 2015
An unchanged Australian online wagering market would see the country lose A$2.2-2.3bn in profits by 2020, a new study has claimed. The report, commissioned by industry body the Australian Wagering...
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Wednesday, 18th November 2015
Dermot Desmond wants his fellow Ladbrokes shareholders to not approve its recommended merger with Gala Coral. Desmond, who reportedly owns an approximate 1% share in Ladbrokes, wrote in a letter to Ladbrokes...
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Tuesday, 17th November 2015
OPAP is facing a tax on wagers placed with the operator, following an agreement that has been reached between the Greek government and international lenders. Reuters reported that the Greek finance minister,...
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Tuesday, 17th November 2015
Paddy Power has enjoyed a significant increase in sportsbook stakes for the second half of 2015 to date. Group sportsbook wagers rose 19% on a constant currency basis for the period 1 July-15 November,...
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Monday, 16th November 2015
FanDuel and DraftKings are not as valuable as some may think, Colossus Bets founder and CEO Bernard Marantelli has said. Both daily fantasy sports (DFS) operators continued to make headlines last week,...
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Monday, 16th November 2015
More than 200 leading lights from across the global gaming industry descended upon the Isle of Man for the sixth annual KPMG eGaming Summit at the Villa Marina in Douglas. The sector has become the largest...
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Monday, 16th November 2015
Malta’s Prime Minister has hailed the country’s gaming industry as a shining beacon of economic growth at an event marking a partnership between leading firms Intralot and Bit8. The sector is Malta’s...
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Thursday, 12th November 2015
The point of consumption tax has been labelled as the primary reason for recent M & A activity in the UK gambling market by a gaming law firm. Operators offering real-money gaming services to UK customers...
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Wednesday, 11th November 2015
The New York State Attorney General’s office has ordered that FanDuel and DraftKings stop accepting wagers from players in the state, believing daily fantasy sports (DFS) constitutes a game of chance...
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Wednesday, 11th November 2015
Sky Betting & Gaming (SB&G) is to spend £11m on creating 200 jobs and opening a new customer hub. Half of the new positions will be based in Leeds, primarily in the technology and contact centre teams,...
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Tuesday, 10th November 2015
Amaya expects to launch its PokerStars and Full Tilt brands in New Jersey in the first half of 2016. That was one of the highlights of Amaya’s financial report for the three-month period ended September...
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Tuesday, 10th November 2015
Scientific Games has puts its greatly increased net loss for Q3 2015 down to non-cash goodwill and intangible asset impairment charges. The provider lost $678.2m in the three months ended 30 September,...
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Tuesday, 10th November 2015
Caesars Growth Partners (CGP), owner of four casino properties and Caesars Interactive Entertainment (CIE), has reported a 71% year-on-year drop in net income from continuing operations to $20.5m for the...
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Tuesday, 10th November 2015
A leading gambling consultant has warned the UK horse racing industry not to force bookmakers into giving up on the sport. With the point-of-consumption tax putting pressure on operators' margins, Steve...
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Monday, 9th November 2015
A majority of the secured financing announced by FanDuel and DraftKings earlier this year has been postponed, according to a representative of a capital markets adviser. David Shapton,...
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Monday, 9th November 2015
Talks regarding an acquisition of Sportech by Contagious Gaming have ended without a deal being reached. Sportech says the termination of discussions came after its board did not receive "an offer proposal...
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Monday, 9th November 2015
A recent ruling by India's Supreme Court that state governments are within their rights to regulate online lottery could lead to further prohibitive action at state level, according to a leading gaming...
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Friday, 6th November 2015
India's Supreme Court has described lottery as "evil" as it ruled that state governments are within their rights to regulate online variants of the product. A three-judge bench upheld the Kerala government's...
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Friday, 6th November 2015
Mr Green has reported a loss of SEK 75.95m (£5.8m) for the period from July to September, in comparison with a profit of SEK 27.4m in the corresponding period last year. Per Norman, the operator’s CEO,...
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Thursday, 5th November 2015
Classifying real-money daily fantasy sports (DFS) as gambling would lead to the death of the industry, an analyst has said. Varying opinions on the issue of whether real-money fantasy sports in the US...
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Thursday, 5th November 2015
Annual online gross win for the UK gambling market is estimated to be over £5bn by the end of 2020, research has revealed. A UK gambling survey conducted by Barclays and YouGov was sent to Gambling Insider,...
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Thursday, 5th November 2015
Scientific Games CEO Gavin Isaacs says his firm is "delighted" to have been named Land-Based Industry Supplier of the Year at the Global Gaming Awards 2015. The provider claimed the award ahead of nine...
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Thursday, 5th November 2015
Members of a $1bn illegal gambling business have been convicted of racketeering by a federal jury in Oklahoma City. A trial heard how Kelly Dorn and Kory Koralewski conspired with others to operate Legendz...
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Wednesday, 4th November 2015
Sports betting supplier Kambi said it is confident of succeeding in an increasingly competitive and consolidating market after reporting the strongest financial quarter in its history. Kambi began operating...
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Wednesday, 4th November 2015
The Rational Group has announced its interim CEO Michael Hazel is to leave the PokerStars owner and that Rafi Ashkenazi will take over as CEO on Monday. It was announced in October that provider Amaya...
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Tuesday, 3rd November 2015
The Greek government is set to miss out on up to €300m in tax income next year as a result of OPAP not being able to launch its video lottery business, according to the founder of its majority shareholder. Jiri...
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Tuesday, 3rd November 2015
The eSports betting market has not performed as well as anticipated, according to new sector research. Market intelligence firm SuperData says that eSports betting and fantasy sites have "fallen short...
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Monday, 2nd November 2015
London's Hippodrome Casino has expanded its city centre portfolio through the purchase of an adult gaming centre from low-stakes operator Praesepe. The sale of Crystal Rooms in Leicester Square, completed...
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Monday, 2nd November 2015
Macau casinos saw their collective gross casino revenue decline by under 30% year-on-year for the first time since January in October. The monthly total of 20.06bn patacas is down 28% year-on-year and...
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