Gambling News
Want to know what is going on in the gambling industry? We got the leading edge, delivering inside stories on land based and online casinos. Be in the know with local and international news that are making headlines.
Bringing awareness regarding new sites, properties, gaming software, licenses, merging, games, etc. is what we are all about.
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Gambling News
Unibet Finishes Acquiring iGame
Since the beginning of the year, and even as far back as the middle of 2014, we've been seeing a lot more mergers and purchases in the online gambling world than we've probably ever seen before. Lots of companies have been executing extremely strategic purchases recently, and it's creating a situation where a lot more connections have to be remembered than ever before. -
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Gambling News
Daily Fantasy Sports Hearing Called For in Congress
It's no secret right now that daily fantasy sports represent one of the fastest-growing segments of the online gambling market. It's gained more steam in the United States over the past 18 months than most forms of online gambling ever had, and more states have started making decisions about the legality of the game. Now there could be an upcoming congressional hearing on the subject as well. The Need for the Meeting Congressman Frank Pallone Jr. -
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Gambling News
California Daily Fantasy Sports Regulations Proposed
There has been a pretty fierce battle going on in California over the online poker industry for the past few years, and a bill supporting it has failed once again because of political issues between racetrack operators, native tribes and other groups. -
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Gambling News
Playtech's Teddy Sagi Strong on Israel Wealth List
In the online gambling world, Teddy Sagi is a big name when it comes to the business side of things. He has had strong ties with Playtech for a very long time, and he is currently their principle shareholder. Sagi is known for making a lot of major deals in different industries, and his deals so far this year have seen him almost double his net worth. -
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Gambling News
Mt. Gox CEO Charged by Japanese Authorities
At one point in time, about four-fifths of all bitcoin exchanges were handled by Mt. Gox, then the top exchange by far for bitcoin transactions. Having what seemed to be such a solid operation taking over such a large portion of the market helped the cryptocurrency to gain a lot of attention with huge fluctuations in its value. -
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Gambling News
Caesars Entertainment Fined $9.5 Million in Penalties
Money laundering is something that's often tied to gambling because of how relatively easy it can be to launder money through gambling establishments. This is largely due to the cash nature of the business and how casino chips are mixed up and traded back and forth during games. -
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Gambling News
GameAccount Network Rebrands to GAN
A company's identity, no matter what industry they are in, is largely tied up in their branding. We saw this a few years ago when MoneyBookers switched its branding and identity to Skrill and pushed on to be one of the top online gambling payment processing options before being purchased by the parent company of Neteller. -
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Gambling News
Isle of Man Sees Major Online Gambling Growth
The Isle of Man is known for being one of the most reputable jurisdictions for online gambling in the world. It's where some of the biggest names have been based in the entire industry, and it's well-respected by everyone involved in the industry in any way. -
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Gambling News
Optimal Payments Proposing Change of Name
In the online gambling world, a name can mean everything. This is even more true for payment processors, who are often considered the front lines for trust because that's where a player puts their money first. After Optimal Payments brought on Skrill in their reverse takeover worth about €1.1 billion, it seems they're looking for a new identity. -
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Gambling News
New Bitcoin-Based Gambling Site Chopcoin Opens
When bitcoin exploded in popularity over the past 18 months, it created a situation where a lot of people thought it would be perfect for online gambling transactions. The crypto-currency is particularly anonymous, though sometimes to the point of fault for some users, and it seemed perfect for many people who wanted security and safety with their online gambling transactions. -
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Gambling News
Bwin.Party Shows Huge Support for GVC Proposal
One of the biggest topics going in the online gambling industry over the past couple of months has been the big bidding war between GVC and 888 Holdings for the purchase of Bwin.Party. -
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Gambling News
888 Holdings Officially Drops From Bwin.Party Bidding
Since July, 888 Holdings has been fighting a fierce and entertaining bidding war with GVC Holdings over the purchase of Bwin.Party. We've seen big offers countered by even bigger offers, and the advantage has switched back and forth a number of times during this whole ordeal.
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Gambling News
Net Entertainment Games Launch in New Jersey
Over the past few weeks, Net Entertainment has been waiting to hear from the New Jersey Division of Gaming Enforcement on their license. Since that review could take some time, the DGE has granted NetEnt a wavier to offer games in the state while their official application is still under review. -
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Gambling News
Daily Fantasy Sports Confirmed Illegal in Washington
Daily fantasy sports is probably the single fastest-growing segment of the online gambling industry for the past 12-18 months. It has absolutely exploded with the top companies securing major deals with sports teams, ESPN and other sports-related entities. -
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Gambling News
Dutch Online Gambling Grows Despite No Regulation
Something that regulators are really starting to understand more and more each year is that online gambling is going to grow according to the demand for it, not how much politicians cross their fingers and hope that it will either grow or go away. -
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Gambling News
GVC and Bwin.Party Release New Takeover Statements
For weeks now, there has been a massive bidding war for the sale of Bwin.Party. The main contenders are GVC Holdings and 888 Holdings, and neither of them are letting up an inch without a fight. It's an extremely entertaining process because of all of the tension combined with in-fighting in Bwin.Party. In the middle of all of that, GVC and Bwin.Party have released new statements. Yet Another Proposed Deal In the most recent proposed deal, Bwin.Party has been valued at 124p per share. -
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Gambling News
Sportingbet Stays in Irish Market Too Long by Accident
Online gambling law is constantly changing, and the fact that different operators have to work with regulatory entities in different countries, states and provinces all over the world means that there are going to be some mix-ups from time to time. -
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Gambling News
Playtech and GBG Make ID Verification Deal
In the online gambling world, it's extremely important for sites and software platforms to be able to verify the identities of their players. Preventing fraud is one of the keys to keeping profits high and avoiding negative press, not to mention keeping players safe and satisfied. -
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Gambling News
PayPal Purchases Modest Mobile Payment Business
The online gambling industry as a whole has been pushing very hard on the mobile front with games, platforms and software. However, one place where development has been lagging, comparatively speaking, is in payment processing. -
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Gambling News
New Bitcoin XT Version Splits Community
Bitcoin changed the face of online gambling for many people by being a viable, anonymous method of making deposits and taking withdrawals. However, the new Bitcoin XT, created by Mike Hearn, has received a big backlash from the Bitcoin community because of concerns that it will split and water down the currency in a way that will erode trust in the biggest virtual currency. -
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Gambling News
Genii Providing 130+ Games for Altenar Gaming Solution
In a new deal, Genii will be providing over 130 games for the Altenar Gaming Solution, which helps Altenar in the mobile space in a tremendous way. Mobile is the fastest-growing part of the online casino world, and it has been for the past several years. Tons of people are on their phones more than they are their computers, so it makes sense that this would be the area that's seeing the most growth. -
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Gambling News
New Jersey Online Gambling License Awarded to Resorts
Online gambling in the United States is at an extremely critical point right now where a few states have regulated the industry, but not enough states have banded together yet to really get a federal framework. -
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Gambling News
UK Gambling Commission: List of Approved ADR Entities
In the United Kingdom, there have been some huge changes in how online gambling is handled inside of the past 18 months. One of the biggest changes that benefits players is the Alternative Dispute Resolution for Consumer Disputes process. The way that this works is that each operator that's licensed by the UK has to use at least one of the ADR entities by the beginning of this September. -
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Gambling News
Macho Sports Illegal Sports Betting Sentencing Complete
Of all of the different types of gambling out there, it seems like sports betting is the type that gets the most attention to being tied to different types of crime. -
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Gambling News
Asset protection does not protect you from the Internal Revenue Service
Dear Reader, This Blog could be one sentence long: “Asset protection does not protect you from the Internal Revenue Service!” Since some will doubt me, and many have tried to beat the Collector (the most powerful arm of the U.S. government targeted at citizens rather than terrorists), here are 10 reasons why asset protection is useless against the government. First, the homestead exemption does not apply to the IRS. -
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Gambling News
Unibet Purchases iGaming Holding in Continued Expansion
In a move that expands in key areas, Unibet has purchased iGaming Holding plc. This deal was made for €59 million in cash, and another €20 million could be on the way based on future performance. This is a pretty typical deal for a purchase of this size, and it just goes to show that Unibet is continuing to expand. However, they aren't just expanding in any direction they can for the sake of it. -
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Gambling News
Coingaming Launches Bitcoin Online Sportsbook Software
When bitcoin started becoming popular a couple of years ago, one of the things that people naturally gravitated to was the idea that it could be used to fund online gambling accounts. The anonymous aspect of the transactions made it really easy to see some advantages of this. Coingaming was a software company that jumped at this opportunity and started created software solutions for operating online gambling sites based around bitcoin. -
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Gambling News
Amaya Sells Chartwell and CryptoLogic to NYX Gaming
The Amaya Gaming Group has made an enormous amount of noise in the news over the past year, and they've done it again with a key deal that shows a lot about their investment strategies. They have sold Chartwell and CryptoLogic, two online casino software providers, to NYX Gaming. This deal was for $110 million in cash and $40 million in stock, and this comes after they've held both companies for less than four years. The Original Purchase Back in 2011, the Amaya Gaming Group bought Chartwell. -
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Gambling News
GVC Continues Push for Bwin.Party
The bidding war for Bwin.Party has been primarily held between two groups. On the one hand, you have 888 Holdings, and on the other hand, you've had a cooperative effort between GVC and the Amaya Gaming Group. The GVC-Amaya cooperation was thought to have lost the bidding battle to 888 Holdings after an earlier announcement, but it seems like GVC just won't quit. -
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Gambling News
Rival Gaming Leaves the UK Market
In the past couple of years, the United Kingdom has revamped how they handle the licensing and taxes for online gambling companies. This includes software companies that offer games to operators, and these new regulations have put a number of companies in a bind because of how difficult it is to stick to the guidelines that the UK requires for compliance.
