The WPT Borgata Poker Open began Sunday in Atlantic City with 297 entries, including some major pros, including Olivier Busquet, Josh Arieh, Will Failla, Eli Elezra, Darren Elias, Joe McKeehen, […]
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The shifting European Union definition of illegal sports betting spells trouble for Malta’s online gambling licensing regime, while opening up possibilities for non-EU licensing jurisdictions such as Antigua.
In 2014, the Council of Europe proposed a new definition of illegal sports betting that required the activity to be legal in the member state in which the customer resided, rather on where the operator was based.
Malta, which derives 11% of its gross domestic product from its online gambling sector, asked the European Court of Justice to weigh in on the matter. A year later, Malta withdrew its request, while promising to achieve the desired effect through “other solutions.”
Over the weekend, the Independent quoted Malta Gaming Authority (MGA) chairman Joe Cuschieri saying that the EU’s proposed change to the Convention on the Manipulation of Sports Competitions would “effectively render illegal all operators who offer their services via their MGA license in other European states.”
Casino operator Eldorado Resorts has struck a $1.7b deal to acquire St. Louis-based rival Isle of Capri Casinos.
On Monday, Eldorado announced that it had reached a deal to pay $23 per share, a 36% premium over Isle of Capri’s current share price, in a mix of 58% cash and 42% in Eldorado stock. J.P. Morgan has committed $2.1b in financing for the deal, which will see Eldorado assuming $929m of Isle of Capri’s long-term debt.
While both company’s boards of directors have approved the deal, each company’s shareholders will also have to sign on for the deal to go ahead. Assuming all goes well, the acquisition is expected to conclude by Q2 2017.
Counting Isle of Capri’s 13 gaming venues, the enlarged Eldorado will control a total of 20 casinos across 10 US states. These 20 properties, which host a combined 20,800 slots and VLT machines and 560 gaming tables, generated revenue of around $1.8b in the 12 months ending June 30.
Chris Baccari, who sold a Tapit colt for $1.2 million, began his career by buying yearlings to race and turned to sales after having too many horses one year.
Chris Baccari, who sold a Tapit colt for $1.2 million, began his career by buying yearlings to race and turned to sales after having too many horses one year.
Gaming regulators from across Europe met in Paris last week to discuss shared interests, with online poker liquidity high on the agenda. The meeting raises hopes that segregated European markets […]
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Two multi-state lottery games gave up millions in their latest drawings as lucky ticketholders snagged the grand prize jackpots.Mega Millions, Powerball, Georgia, Jackpots, Illinois, Winning Ticket Announcement, Multi-State Game
Antigua’s leader is seeking assistance from other nations to resolve the country’s protracted battle with the United States over online gambling rights.
This weekend saw Antigua Prime Minister Gaston Browne (pictured) travel to Venezuela to attend a summit of the Non-Aligned Movement (NAM), a group of 120 countries – many of them states in the developing world – not formally aligned with or against a major power bloc.
Caribbean360 quoted Browne urging NAM member states to offer Antigua “active solidarity” in bringing an end to the country’s 13-year World Trade Organization fight with the US over Antigua’s right to access the US online gambling market.
In 2003, Antigua launched a WTO claim over America’s refusal to allow Antigua-licensed online operators to access the US market. In 2007, the WTO awarded Antigua an annual $21m in damages, but the US has so far refused to pay a single penny of this now over $200m tab.
Antigua’s leader is seeking assistance from other nations to resolve the country’s protracted battle with the United States over online gambling rights.
This weekend saw Antigua Prime Minister Gaston Browne (pictured) travel to Venezuela to attend a summit of the Non-Aligned Movement (NAM), a group of 120 countries – many of them states in the developing world – not formally aligned with or against a major power bloc.
Caribbean360 quoted Browne urging NAM member states to offer Antigua “active solidarity” in bringing an end to the country’s 13-year World Trade Organization fight with the US over Antigua’s right to access the US online gambling market.
In 2003, Antigua launched a WTO claim over America’s refusal to allow Antigua-licensed online operators to access the US market. In 2007, the WTO awarded Antigua an annual $21m in damages, but the US has so far refused to pay a single penny of this now over $200m tab.
Trainer Wesley Ward believes his unbeaten juvenile filly Lady Aurelia just might run of the best race of her young career in the Connolly’s Red Mills Cheveley Park Stakes (Eng-I) Sept. 24 at Newmarket.
Trainer Wesley Ward believes his unbeaten juvenile filly Lady Aurelia just might run of the best race of her young career in the Connolly’s Red Mills Cheveley Park Stakes (Eng-I) Sept. 24 at Newmarket.
ESPN aired episodes 3 and 4 of its WSOP Main Event coverage Sunday evening, and 2006 champion Jamie Gold stole the show. Okay, it wasn’t actually him. The star of […]
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UK-listed gambling operators Ladbrokes and Gala Coral Group plan to cut up to 50% of their workforce in preparation for the two companies’ proposed merger.
In an email to Gala Coral staff obtained by eGaming Review, CEO Carl Leaver warned that the fusion of the two companies will result in “around 600, maybe up to 700, fewer positions’ at the new Ladbrokes-Coral entity. The total represents around half of the two firms’ existing payrolls.
Affected staffers will be offered redundancy pay of between eight and 40 weeks their usual salary. Weaver said the process of identifying who gets the axe and who gets to stay will be based “purely on merit.” The payroll purge is expected to get underway in November.
The merged company plans to operate out of Gala Coral’s Stratford office, which will result in the closure of Ladbrokes’ Rayners Lane HQ. A smaller corporate office will be established on Victoria Street.
Bob Gilpin, who had a hand in raising standouts such as Belong To Me, Classy Mirage, and Jersey Girl, died Sept. 14. A memorial service will be held in Ocala, Fla., Sept. 29.
London 15th September 2016: Inspired, the leading provider of Virtual Sports, Mobile Games and SBG Video Lottery, today announces its worldwide exclusive brand partnership with retired professional NBA star and recent Hall of Fame addition, Shaquille O’Neal.
Shaquille O’Neal will become the face of Inspired’s new Rush Basketball Virtual Sports product group which will be launched in 2017 throughout Inspired’s global client base.
Inspired will be developing a number of products under the Rush Basketball product group, each featuring Shaq. Products will be developed for the land-based sports, casino and lottery sectors, as well as digital variants for online, mobile and in-play via Inspired’s Virgo RGS platform.
To celebrate the new brand partnership, Shaq will be making a VIP guest appearance at the Inspired G2E Las Vegas booth #4130 this year on Tuesday September 27th from 1400 – 1600.
London 19th September 2016: Inspired, the leading provider of Virtual Sports, Mobile Games and SBG Video Lottery, today announces that its Virtual Sports will be live with Isibet this month.
Isibet will launch Inspired’s full suite of Virtual Sports, including Rush Football 2, Rush Horses and Rush Cycling, across mobile and retail channels during September
Included in the suite of available games will be Rush Football 2, which features razor-sharp HD graphics and cutting-edge motion capture animations. It also offers between 7-15 markets across Retail and Online, resulting in a more exciting and premium player experience.
Isibet is one of few companies in Italy to own an AAMS approved system which enables it to offer services online, on mobile, and in retail to over 25 concessionaires managing shops and websites.
Cherry has agreed to acquire the casino agreements, casino staff and equipment from Betman AB as of October 1 2016. Betman operates restaurant casino in 15 venues with 27 gaming tables in Stockholm, Sälen and Visby.
The acquisition is expected to contribute MSEK 11.0 in revenue and a positive EBITDA of MSEK 2.0. The purchase price, which includes the maximum additional purchase price, amounts to MSEK 3.9. The deal is expected to generate ROI in less than two years. MSEK 2.3 is paid in cash on acquisition and the additional purchase price will be paid during quarter 3 2017.
Cherry’s market share of restaurant casino after the acquisition will be approximately 68 percent of the active gaming venues, according to the 2016 September statistics from the Swedish Lotteries and Gaming Authority.
Fredrik Burvall, CEO Cherry AB (publ), comments: “The acquisition of Betman means that we further solidify our leadership position in the restaurant casino market. It further strengthens our position in Stockholm, Sälen and Visby and adds qualified personnel, while we can use our scale advantage to help the venues perform even better.”
On September 23, Kiev will host Blockchain & Bitcoin Conference 2016.
Separate sections of PRO stream will be devoted to the blockchain technology in Fintech and government control.
Fintech Section
Representatives of IBM, Ambisafe, Bitcoin Suisse AG and other foreign companies will share their experiences with financiers, traders and IT developers.
Just when everybody thought that Wynn may now heave a sigh of relief after securing a legal victory over Sommerville Mayor Joseph Curtatone two months ago, an international developer has stepped in town to run after his profits in the state of Massachusetts.
Developer Eugene McCain has launched an aggressive effort to win a statewide vote in November on the slots parlor, and supporters have collected enough signatures for a local referendum, scheduled for Oct. 18, according to the Boston Globe.
It was reported that the Revere slots parlor’s proposed site is just three miles from Everett casino – and Wynn executives are not happy about it.
Saying that it would go against the 2011 casino law that called for a single slots parlor in Massachusetts, Wynn Resorts has opposed the plan but cut short on answering whether they plan to finance an opposition to a statewide ballot question that would authorize the slots parlor, known as Question 1.
Just when everybody thought that Wynn may now heave a sigh of relief after securing a legal victory over Sommerville Mayor Joseph Curtatone two months ago, an international developer has stepped in town to run after his profits in the state of Massachusetts.
Developer Eugene McCain has launched an aggressive effort to win a statewide vote in November on the slots parlor, and supporters have collected enough signatures for a local referendum, scheduled for Oct. 18, according to the Boston Globe.
It was reported that the Revere slots parlor’s proposed site is just three miles from Everett casino – and Wynn executives are not happy about it.
Saying that it would go against the 2011 casino law that called for a single slots parlor in Massachusetts, Wynn Resorts has opposed the plan but cut short on answering whether they plan to finance an opposition to a statewide ballot question that would authorize the slots parlor, known as Question 1.