Monthly Archives: January 2016

PokerStars Italy Worth 2.58 Percent of Country’s iGaming Market Share in 2015

PokerStars Italy has a firm hold on 70 percent of the online poker market in that country. Now, it is becoming one of the top online casinos overall in Italy as well. Previously nothing but a poker site, PokerStars now operates a full-fledged Internet casino, minus the sports betting aspect. Italy’s gaming regulator, Agenzia delle […]

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DFS group runs ad blitz against California lawmaker

Daily fantasy sports lobbyists are stepping up their campaign to legalize fantasy sports in California and no politician can get in the way.

Earlier this month, Assembly Bill 1437, which would authorize California companies to offer daily fantasy sports after obtaining licenses from the California Department of Justice, passed the Assembly Governmental Organization Committee by a 17-1 vote.

Who had that sole dissenting vote? It came from Assemblyman Marc Levine, who argued that DFS is a form of gambling.

“This is gambling. There’s no doubt about it. Let’s not fool ourselves,” Levine said. “An entry fee is a wager; cash prizes are gambling winnings; (daily fantasy sports companies) are bookies.”

DFS group runs ad blitz against California lawmaker

Daily fantasy sports lobbyists are stepping up their campaign to legalize fantasy sports in California and no politician can get in the way.

Earlier this month, Assembly Bill 1437, which would authorize California companies to offer daily fantasy sports after obtaining licenses from the California Department of Justice, passed the Assembly Governmental Organization Committee by a 17-1 vote.

Who had that sole dissenting vote? It came from Assemblyman Marc Levine, who argued that DFS is a form of gambling.

“This is gambling. There’s no doubt about it. Let’s not fool ourselves,” Levine said. “An entry fee is a wager; cash prizes are gambling winnings; (daily fantasy sports companies) are bookies.”

$2M lottery ticket sold in Fairfield County

Somebody bought a Mega Millions ticket in Fairfield County for Tuesday night’s drawing that is worth $2 million, lottery officials say. The winning numbers in the Mega Millions drawing were 14-27-39-50-69 and Mega Ball 2. The Megaplier was 2. “A total of 9,473 winning Mega Millions tickets were sold statewide with values ranging from $1 to $2 million each,” said Connecticut Lottery spokeswoman Valerie Guglielmo .

$2M lottery ticket sold in Fairfield County

Somebody bought a Mega Millions ticket in Fairfield County for Tuesday night’s drawing that is worth $2 million, lottery officials say. The winning numbers in the Mega Millions drawing were 14-27-39-50-69 and Mega Ball 2. The Megaplier was 2. “A total of 9,473 winning Mega Millions tickets were sold statewide with values ranging from $1 to $2 million each,” said Connecticut Lottery spokeswoman Valerie Guglielmo .

Unibet blackmails Dutch gov’t by tying cycling sponsorship to lower online tax

Online betting operator Unibet wants to sponsor Dutch cycling, but only if the Netherlands keeps its new online gambling tax at a reasonable rate.

On Wednesday, Dutch media reported that the Malta-licensed Unibet is set to take over as the new main sponsor of the Dutch Cycling Federation (KNWU), but only if the government sticks to its original plan of taxing online gambling revenue at a rate of 20%.

Earlier this month, Dutch parliamentarians introduced revised plans for the launch of the country’s new regulated online gambling market. The original plan called for online revenue to be taxed at 20%, but the new plan ups this rate to 29%, similar to the rate demanded of land-based gambling operators.

In announcing the four-year, €7m sponsorship pact, KNWU chairman Marcel Wintels said it was contingent on Unibet receiving a Dutch online license when the new regime takes effect, which isn’t expected until July 2017.

Unibet blackmails Dutch gov’t by tying cycling sponsorship to lower online tax

Online betting operator Unibet wants to sponsor Dutch cycling, but only if the Netherlands keeps its new online gambling tax at a reasonable rate.

On Wednesday, Dutch media reported that the Malta-licensed Unibet is set to take over as the new main sponsor of the Dutch Cycling Federation (KNWU), but only if the government sticks to its original plan of taxing online gambling revenue at a rate of 20%.

Earlier this month, Dutch parliamentarians introduced revised plans for the launch of the country’s new regulated online gambling market. The original plan called for online revenue to be taxed at 20%, but the new plan ups this rate to 29%, similar to the rate demanded of land-based gambling operators.

In announcing the four-year, €7m sponsorship pact, KNWU chairman Marcel Wintels said it was contingent on Unibet receiving a Dutch online license when the new regime takes effect, which isn’t expected until July 2017.

Paddy Power hails stellar 2015 results, tests indestructible betting slips

Irish betting operator Paddy Power is predicting its full year 2015 profit will come in around €180m before exceptional items.

In its last trading update before the company completes its merger with UK rival Betfair on Feb. 2, Paddy Power said it expects FY15 profits to be up nearly 10% from 2014, as trading over the final seven weeks of 2015 was “good.” Geez, don’t spare the adjectives, guys.

Stripping away costs associated with the two companies shacking up, Paddy says it expects earnings per share to come in at €3.33. Paddy declared a final dividend of €1.20 per share, bringing last year’s total dividend to €1.80 per share. Betfair, meanwhile, announced a closing dividend of 24.3p per share.

The merger received its final approval from Ireland’s competition watchdogs on Jan. 15, based on the Competition and Consumer Protection Commission’s belief that the deal wouldn’t “substantially lessen competition in any market for goods or services.”

Paddy Power hails stellar 2015 results, tests indestructible betting slips

Irish betting operator Paddy Power is predicting its full year 2015 profit will come in around €180m before exceptional items.

In its last trading update before the company completes its merger with UK rival Betfair on Feb. 2, Paddy Power said it expects FY15 profits to be up nearly 10% from 2014, as trading over the final seven weeks of 2015 was “good.” Geez, don’t spare the adjectives, guys.

Stripping away costs associated with the two companies shacking up, Paddy says it expects earnings per share to come in at €3.33. Paddy declared a final dividend of €1.20 per share, bringing last year’s total dividend to €1.80 per share. Betfair, meanwhile, announced a closing dividend of 24.3p per share.

The merger received its final approval from Ireland’s competition watchdogs on Jan. 15, based on the Competition and Consumer Protection Commission’s belief that the deal wouldn’t “substantially lessen competition in any market for goods or services.”