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Gambling News Archive

Thursday, 30th November 2017
Global online gaming company The Stars Group has announced that it has chosen to divest its entire stake in online bingo operator Jackpotjoy PLC following strong investor demand. According to news reports...
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Thursday, 30th November 2017
Australia-based gaming supplier, Aristocrat Leisure has said that it will acquire Seattle-based gaming company, Big Fish Games for $990m. The company is part of a unit of Churchill Downs, and is all...
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Thursday, 30th November 2017
The UK’s gambling market achieved a gross gambling yield of £13.7bn during the period April 2016-March 2017, according to the latest figures released by the UK Gambling Commission. This figure has...
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Thursday, 30th November 2017
Amidst discussions between Crown Resorts and both William Hill and Paddy Power, CrownBet has now decided to drop its long-running legal action against the possible merger between sports betting giants,...
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Thursday, 30th November 2017
Worldwide casino resort developer Caesars Entertainment Corporation have announced their intention to sell real estate assets associated with Harrah’s Las Vegas in order to finance its $1.7bn purchase...
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Wednesday, 29th November 2017
The UK’s land-based casino operators have agreed for the first time to guarantee that 0.1% of their annual Gross Gaming Yield will go directly to GambleAware. The move shows that UK casino operators...
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Wednesday, 29th November 2017
Australia has seen a 13% year-on-year rise in sports betting expenditure for the 2015-2016 financial year, according to official figures. The 33rd edition of the Australian Gambling Statistics report,...
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Wednesday, 29th November 2017
In an update to investors, Australia-based Ainsworth Game Technology posted its financial results for the fiscal year 2017. The casino manufacturer and supplier reported a profit before tax of $57.4m,...
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Wednesday, 29th November 2017
Two senators from the states of California and South Carolina have jointly issued a letter to the US Department of Justice (DOJ) Deputy Attorney General’s office calling for federal involvement in state-wide...
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Wednesday, 29th November 2017
Canadian investment firm Pollard Equities has become the latest name to purchase additional shares in global gaming technology operator NYX Gaming Group, ahead of a proposed $631m merger with Scientific...
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Wednesday, 29th November 2017
A German Court has found that the country’s state lottery monopolies are operating in breach of EU law. The decision determined that the monopolies in question are unlawful and that the state’s intention...
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Wednesday, 29th November 2017
Founder and former chief executive officer at Amaya Inc, David Baazov, has been in hot water since allegations broke regarding insider trading back in 2016. In 2016, Baazov began his legal battle, facing...
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Wednesday, 29th November 2017
Spanish gaming operator Codere has announced the official launch of its Colombia-facing website, on the Codere.com.co domain. Earlier this week, the Colombian gaming regulator Colijuegos stated it has...
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Wednesday, 29th November 2017
UK and Ireland bookmaker Paddy Power has been ordered by the Advertising Standards Authority (ASA) to stop the broadcast of a television advert which implies that it is socially acceptable to gamble in...
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Wednesday, 29th November 2017
According to the Acting Executive Director of the New York State Gaming Commission, Ron Ochrym, the Empire State's fourth commercial casino is set to open its doors to the public in the first quarter of...
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Tuesday, 28th November 2017
ALEA Group has announced several integral structural changes to the company, currently reflecting the firms’ evolving business operations and dynamics. ALEA management has rebranded its affiliate marketing...
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Tuesday, 28th November 2017
On Wednesday this week, the 12-member Nevada Gaming Policy Committee are set to meet to discuss the state’s budding cannabis industry and what it means for the casino industry. As it stands, the Federal...
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Tuesday, 28th November 2017
Australian sports betting operator Tatts Group has revealed a 6.8% year-on-year increase in its group revenues for the first quarter of the 2018 financial year. During the three months leading up to 30...
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Tuesday, 28th November 2017
Digital marketing and affiliate network Gambling.com has announced the completion of its 2017 fundraising plan, having raised a total of €16m. The company have confirmed that the proceeds are intended...
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Tuesday, 28th November 2017
UK-based online gambling company 888 Holdings has announced the appointment of Anne de Kerckhova as a new non-executive director. A veteran of the gambling and media industries, Kerckhove currently serves...
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Tuesday, 28th November 2017
The Philippine Amusement and Gaming Corp has authorised gaming testing laboratory and technical consultancy firm, BMM Testlabs, to test and certify online gaming products for Philippine Offshore Gaming...
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Monday, 27th November 2017
In an update to investors, Kingston Financial Group Limited posted its financial results for the third quarter of 2017, showing a yearly drop in revenue generated from gaming operations in Macau during...
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Monday, 27th November 2017
UK-based bingo-led operator, Jackpotjoy has announced the approval of a £388.5m Senior Secured Term and Revolving Credit Facility, comprising a £375m equivalent term loan and a £13.5m revolving credit...
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Monday, 27th November 2017
In the latest twist in the Scientific Games/NYX Gaming merger, fellow online gaming company The Stars Group has announced that one of its subsidiaries, Stars Interactive Holdings Limited has finalised...
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Monday, 27th November 2017
Following reports last week that UK bookmaker William Hill was looking to buy the CrownBet operation from Crown Resorts, it is now understood that Paddy Power Betfair is also looking to make an offer for...
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Monday, 27th November 2017
Global gaming giant Intralot has reported a significant 29.9% increase in its year-on-year gross profits for the third quarter of 2017. In its third financial filing of the year, the company reported...
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Monday, 27th November 2017
The University of Las Vegas’ International Gaming Institute has published two research reports on the nascent Japanese casino industry. Its first report, the 100-page “Socio-Economic Impacts of Japanese...
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Monday, 27th November 2017
Late last week, the UK Gambling Commission posted a statement regarding its stance on the highly controversial matter of loot boxes. In the past few weeks, many country regulators have posted opinions...
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Monday, 27th November 2017
A legislator in the Philippine House of Representatives has tabled a bill that will see the country's gambling regulator, PAGCOR (Philippine Amusement and Gaming Corporation) turned into a ‘purely regulatory’...
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Friday, 24th November 2017
Belfast City Council is reportedly carrying out a public consultation into whether to build a £300m casino complex in the city, according to the Belfast Telegraph. It is also considering updating citywide...
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Friday, 24th November 2017
Maltese affiliate network Catena Media has announced the appointment of Pia-Lena Olofsson as its new chief financial officer (CFO), succeeding the current CFO Claes Wenthzel. Catena Media have confirmed...
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Friday, 24th November 2017
A casino in the US state of California has been fined $8m following an investigation which revealed repeated violations of US anti-money laundering laws. The Financial Crimes Enforcement Network (FinCEN)...
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Friday, 24th November 2017
A decline in revenue and high operating costs have led to Genting Malasia Bhd posting a 65.2% year-on-year loss in profit during Q3. The Asian casino group generated MYR193.4m (US$47.0m), compared to MYR555.7m...
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Friday, 24th November 2017
The government of the Canadian province of British Columbia is giving its lottery corporation greater powers to monitor its gaming industry following high profile instances of alleged money laundering...
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Friday, 24th November 2017
Australian casino operator Crown Resorts has been forced to address media speculation that it is looking to divest its 62% interest in horse racing and sports betting brand CrownBet Pty Ltd, with UK bookmaker...
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Thursday, 23rd November 2017
Golden Palace Group has enhanced its recent expansion plans in Belgium, securing an A+ licence in the region. The company previously held a B+ licence from the Belgian Gaming Commission, but it has recently...
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Thursday, 23rd November 2017
Identity verification company Jumio has today warned online gambling operators to prepare for a surge in fraud attacks between Black Friday and Cyber Monday. Exclusive new data from the business shows...
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Thursday, 23rd November 2017
The British Horseracing Authority (BHA) has announced that it will introduce a new rule requiring pre-race racecards to declare if a horse participating in a prospective race has recently undergone wind...
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Thursday, 23rd November 2017
Attention surrounding the contentious issue of loot box gambling has spread like wildfire amongst the world's gaming legislators. Earlier this week, Belgium hopped on the anti-loot box bandwagon, announcing...
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Thursday, 23rd November 2017
Gambling harm costs the Australian state of Victoria A$7bn annually, according to a recent study by the State Gambling Foundation. The recently-published report, carried out by The Central Queensland...
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Thursday, 23rd November 2017
The Maltese Gaming Authority (MGA) has published its latest performance report for the first half of 2017, revealing that the gaming industry contributed almost 12% of its total economic revenue. In the...
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Thursday, 23rd November 2017
For the month of October, Macau visitors were up by 7.9% to the prior year-period, amounting to approximately 2.89 million. The figures were posted by the city’s Statistics and Census Service, showing...
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Thursday, 23rd November 2017
The UK Gambling Commission (UKGC) has urged gambling firms operating in the UK to review their existing terms and conditions to ensure that they are treating their customers fairly. Its announcement follows...
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Thursday, 23rd November 2017
A report commissioned by the Remote Gambling Association has estimated that Brazil’s online gambling market has the potential to be worth $2.1bn per year, if it were to be regulated properly. The report...
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Thursday, 23rd November 2017
The House of Representatives of Nigeria has this week announced its intentions to withdraw the licences of 18 lottery operators over default payments in taxes and fees to the government. The Committee...
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Thursday, 23rd November 2017
Aspire Global has entered into a joint venture to launch a new casino and sportsbetting site under the brand of Mr. Play. The technology platform company has invested €2m into the company, securing a...
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Thursday, 23rd November 2017
Atlantic City’s seven surviving casinos have reported a 20.7% year-on-year increase in their gross operating profits for the third quarter of 2017. In its third quarter report, the New Jersey Division...
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Wednesday, 22nd November 2017
Online fantasy sports operator Global Daily Fantasy Sports Inc has announced that its Malta-based subsidiary has been awarded a combined remote operating licence by the UK Gambling Commission. The licence...
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Wednesday, 22nd November 2017
According to data compiled by the Ministry of Finance of China, lottery sales experienced a significant year-on-year rise of 11.3% in October, reaching CNY37.65bn (US$5.68bn). This overall jump has been...
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Wednesday, 22nd November 2017
The Health Lottery has become the latest gambling industry body to be censured by the Advertising Standards Authority (ASA) over posts made on its Facebook site. A Facebook post on its social media feed...
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Wednesday, 22nd November 2017
Building on the phenomenally successful and highly regarded Las Vegas awards, Gambling Insider is pleased to announce the launch of the first ever Global Gaming Awards London. Companies from across the...
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Wednesday, 22nd November 2017
Evolution Gaming's co-founders are reportedly set to reduce their ownership stake, selling 5% of all the firm's outstanding shares. Jens von Bahr and Fredrik Österberg, the co-founders of the Live Casino...
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Wednesday, 22nd November 2017
State Officials from a redevelopment agency in Atlantic City have preliminarily approved a $5.6m payment to billionaire investor Carl Icahn to assist in the demolition of part of the shuttered Trump Plaza...
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Wednesday, 22nd November 2017
After the UK Government questioned the use and definition of loot boxes earlier in October, the gaming rewards have led to further controversy in Europe. The Belgium Gambling Commission has now concluded...
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Wednesday, 22nd November 2017
Las Vegas based gaming technology supplier Scientific Games Corporation has today announced the purchase of 10.72% worth of stock in fellow gaming company NYX Gaming. The company purchased 11,600,000 ordinary...
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Tuesday, 21st November 2017
London-based online gaming company Stride Gaming has revealed an 18% year-on-year rise in its net gaming revenues for the third quarter of 2017. In its full financial report of 2017, the company posted...
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Tuesday, 21st November 2017
Gaming technology supplier Scientific Games has added its voice to a two way legal battle between William Hill and NYX Gaming, filing a lawsuit against William Hill. This latest lawsuit comes in response...
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Tuesday, 21st November 2017
Camelot UK Lotteries Limited, the body behind the UK’s National Lottery has announced the appointment of Nigel Railton to the role of CEO on a permanent basis. Railton was appointed on interim basis...
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Tuesday, 21st November 2017
Aspire Global has released its Q3 Interim report for 2017, posting an impressive revenue increase of 26% to €19.3m. B2B revenue was up 31% to €10.1m, whilst profit (EBITDA) increased a whopping 44%...
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Tuesday, 21st November 2017
Global sportsbook operator Bwin has announced the official launch of its inaugural Russia-facing website, Bwin.ru. Bwin has also confirmed that it will soon start accepting bets from gamblers within Russia. Bwin.ru...
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Monday, 20th November 2017
Daily fantasy sports heavyweight FanDuel has announced that its co-founder and current CEO, Nigel Eccles will leave the company, stepping down from the role. Matt King, who most recently served as CFO...
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Monday, 20th November 2017
Interactive gaming technology and games provider, Spin Games LLC announced late last week that it had been successful in acquiring a UK Gambling Commission licence. The US-based company will now be able...
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Monday, 20th November 2017
For the first nine months of 2017, ending September, Sweden’s overall gambling revenue totalled SEK16.5bn ($1.97bn), a 3% increase on last year’s financial results for the same period. Swedish-licensed...
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Monday, 20th November 2017
Online gaming affiliate network AXL Affiliates has announced the acquisition of UK-based media company Astute Media and its 12 subsidiary companies in a record £22m deal. Astute Media is a global advertising...
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Monday, 20th November 2017
Representatives acting for the state of New Jersey and the New Jersey Thoroughbred Horseman’s association have filed legal briefs stating their case before the US Supreme Court. The briefs represent...
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Monday, 20th November 2017
Japan’s two ruling coalition parties have announced that they have decided to maintain their stance on postponing the consideration of a gambling addiction bill till next year. The bill otherwise known...
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Monday, 20th November 2017
In an update to investors, William Hill posted its highly anticipated financial results for the third quarter of 2017. The company’s governance was pleased with its digital performance, posting a 13%...
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Monday, 20th November 2017
Genting Hong Kong has announced the sale of ten million shares in its cruise operator, Norwegian Cruise Line Holdings for a total amount of $270m. The cruise and casino investor is disposing of a 2.19%...
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Friday, 17th November 2017
The Australian Competition Tribunal (ACT) has approved for a second time the A$11.3bn merger between Australian lottery operator Tabcorp and its main competitor Tatts Group. Authorisation for the deal...
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Friday, 17th November 2017
Online sports betting company 32Red have announced the signing of a multi-fight agreement with Northern Irish former two-weight world champion boxer Carl Frampton, a deal which will see Frampton become...
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Friday, 17th November 2017
In an about-face, the National Basketball Association (NBA) has announced that it will lend its voice to lobbying efforts to legalise and regulate sports betting in the US Congress. This represents a...
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Friday, 17th November 2017
Sports betting company Sky Bet has announced the signing of a record extension to its sponsorship deal with the English Football League (EFL) for the next five years. Its new agreement increases its current...
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Friday, 17th November 2017
Global casino and hotel developer Caesars Entertainment Corporation is reportedly in the final stages of negotiations to buy two casino properties in the US state of Indiana from Centaur Holdings, at a...
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Friday, 17th November 2017
Gaming service provider Greentube, the interactive division of Novomatic, has announced the appointment of Michael Bauer to the position of Chief Games Officer. Bauer joined the Novomatic Group in 2013...
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Thursday, 16th November 2017
The Ponca Tribe of Nebraska has received approval from the National Indian Gaming Commission (NIGC) to build a casino in Carter Lake, Iowa almost ten years after the commission approved a previous and...
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Thursday, 16th November 2017
British financial regulator, the Financial Conduct Authority (FCA), has this week announced it will begin regulating binary trading from January. After issuing a warning to consumers over what it has...
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Thursday, 16th November 2017
Global gaming technology provider The Stars Group has revealed that it could raise almost $2.5bn to fund new business acquisitions in the future should the company wish to do so. In an interview reported...
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Thursday, 16th November 2017
According to a recent report published by auditing firm PwC, South Africa’s gross annual gambling revenues (GGR) are forecast to reach almost £2bn by 2021. The research study has revealed that the...
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Thursday, 16th November 2017
Global hotel and casino operator Caesars Entertainment Corporation has presented plans to build two integrated resort developments in the Japanese cities of Osaka and Tomakomai. According to reports in...
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Thursday, 16th November 2017
A solid month for the online segment has boosted Atlantic City's casino revenues to $206m in October, with the year-to-date figure for online gaming revenue in New Jersey surpassing the $200m mark for...
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Wednesday, 15th November 2017
Greece-based giant OPAP has announced an impressive 64% climb in net profit during the July to September period, mainly driven by the launch of video lottery terminals. The betting firm posted net profits...
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Wednesday, 15th November 2017
French gaming regulator, ARJEL, has this week released its third financial update of the year, showing solid revenue growth prompted by an improvement in the online poker and sports betting markets. ARJEL...
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Wednesday, 15th November 2017
Sports betting site OddsMonkey has become the latest gambling related entity to fall foul of the Advertising Standards Authority (ASA) over spurious claims made on its website. The ASA received complaints...
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Tuesday, 14th November 2017
Global gaming company IGT has announced a 6% constant currency drop in its year-on-year revenue for the third quarter of 2017. Publishing its third quarter update the company announced consolidated revenues...
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Tuesday, 14th November 2017
The UK Gambling Commission has released its proposal for a new three-year five-point plan that will help to further strengthen the country’s regulated gambling market. The Commission has said it appreciated...
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Tuesday, 14th November 2017
Online bingo operator JackpotJoy Group has revealed a 14% year-on-year rise in its gaming revenues for the third quarter of 2017. Publishing its third quarter trading update, the company reported gaming...
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Tuesday, 14th November 2017
Legislators in New York are considering proposals that would allow sports betting in casinos, off track betting facilities and race tracks if the Supreme Court approves the New Jersey appeal against the...
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Monday, 13th November 2017
Online casino operator Cashmio has announced the appointment of Tobias Regnestam as its chief operating officer, with effect from the 20th November. Regnestam most recently served as head of affiliates...
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Monday, 13th November 2017
We are only two weeks into the 12-week consultation period that will determine the future of all UK betting shops, and bookmakers are already indicating how much they stand to lose if the government's...
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Monday, 13th November 2017
Representatives in the Illinois state legislature have failed to approve or reject a bill which would see online poker, casino games and daily fantasy sports contests legalised in the state, meaning that...
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Monday, 13th November 2017
UK and Ireland bookmaker William Hill plc has announced the filing of a legal complaint against the proposed acquisition of NYX Gaming by fellow gaming heavyweight Scientific Games. William Hill, a minority...
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Monday, 13th November 2017
Legislators in the Bermudan Parliament have tabled an amendment to the country's existing gaming laws which will allow the government to take full control over the Casino Gaming Commission and oust its...
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Friday, 10th November 2017
Central European betting and gaming operator Fortuna Group has announced a 69.1% year-on-year rise in the amount of bets during the first nine months of 2017. In its latest financial report, the company...
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Friday, 10th November 2017
The American Gaming Association (AGA) has announced the election of Tim Wilmott to the post of chairman for a period of two years, replacing Jim Murren in the role. Wilmott, currently the CEO of Penn...
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Thursday, 9th November 2017
Global gaming technology provider The Stars Group has announced that its group revenues increased by 21% year-on-year during the third quarter of 2017. Updating its shareholders for the third time this...
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Thursday, 9th November 2017
American land based casino operator Golden Entertainment Inc has reported a 3.9% year-on-year rise in its net revenues during the third quarter of 2017. In its third financial report of 2017 the company...
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Thursday, 9th November 2017
Pennsylvania Gaming Control Board (PGCB) has this week unveiled fines totalling $79,500 for two racetrack operators for various violations. Robert Soper, former President and CEO of Downs Racing, L.P.,...
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Thursday, 9th November 2017
In an update to investors, Yggdrasil’s Q3 financial results showed revenue had increased by 110% year-on-year to MSEK44.1 in that period. Number of player transaction (rounds) increased by 132.6% year-on-year...
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Thursday, 9th November 2017
Affiliate network Catena Media has announced the agreement of a €9.25m deal to purchase the assets of Malta-based company Beyondbits Media Limited. The deal, which includes Beyondbits sites Aktiendepot.com...
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Thursday, 9th November 2017
Macau casino operator MGM China Holdings has this week announced positive results in its third financial update of 2017. MGM’s Chinese subsidiary posted a 5% quarter-on-quarter revenue increase to...
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