LONDON (MarketWatch) – Shares in online gambling companies PartyGaming, SportingBet, 888 Holdings and Empire Online slipped once more in London on Monday after published reports that the U.S. government has requested British banks hand over transaction details of their dealings in the online gambling sector.
PartyGaming (UK:PRTY: news, chart, profile) shares lost 7.3%, SportingBet (UK:SBT: news, chart, profile) shares dropped 7.4%, 888 Holdings (UK:888: news, chart, profile) lost 2.9% and Empire Online (UK:EOL: news, chart, profile) declined 1.7% in the London stock market. PartyGaming shares hit a high of 179.5 pence in 2005 but were trading at just 28.25 pence on Monday, while SportingBet shares traded at a high of 452 pence last year. On Monday, SportingBet’s shares were valued at 34.5 pence…..
“It’s a regulatory sentiment issue,” said Andrew Lee, a leisure sector analyst at Dresdner Kleinwort. “People are trying to put a value on the risk of the U.S. trying to claw back some money and what impact it might have in terms of sentiment and share price.” He noted that so far, actions from the U.S. have been significantly more negative than expected by the market. The sector slumped in early October when the U.S. Congress unexpectedly passed legislation that will make it a criminal offence to receive funds related to any online gambling activity that is illegal under state or federal law. Also, several online gambling senior executives and shareholders of these companies have been arrested in the U.S.
Stakelogic, a well-known Malta-based casino provider, has received a Ukrainian Gambling license. The company was aiming for this market and now it is pleased to supply its titles to the Ukrainian market. After the entire line of its games has been thoroughly tested by the Maltese Gaming Authority, Romania Regulatory body, and the United Kingdom Gambling Commission, Ukrainian players will have access and to premium online slots. Its most popular titles are Black Gold 2 Megaways.
Stakelogic has announced its second acquisition in just a few weeks’ time. This time, the Malta-based provider has acquired innovative slot provider, Hurricane Games, as part of an ongoing plan to improve and develop its internal development capabilities. The Greenlogic development partnership program was implemented to strengthen the group's potential. Hurricane’s team will be supported by technical freedom and will continue to design and develop amazing games.
Original BetSoft slot, Safari Sam, was released in 2012. Safari Sam 2 follows the original version in 2021, and the adventure starts in the African savannah with the most famous hunter. However, a few changes have been made and now the Wild Girl has joined Sam in his quest for the mainland's wildlife. The original game's graphics are still nice and can compete with many other titles, but this sequel goes even further.