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
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. -
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Gambling News
Beteagle Owner Joseph Graziano Gets 18-Month Sentence
Beteagle is an online sportsbook that was owned by Joesph Graziano, and it offered its services to United States players. This earned him an 18-month prison sentence, a $1 million forfeiture, another $16,000 fine, and three years of supervised release. His associate Dominick J Barone had already pleaded guilty to related charges, and Joseph Lascala is set to be charged as well. -
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Gambling News
Net Entertainment Offering Content for Gala Coral
Net Entertainment has been expanding in a major way over the past few years, and they've made another big deal that's going to get their games in front of even more players. A new deal with the Gala Coral Group will see NetEnt games in Galabingo, Galacasinio and Coral. -
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Gambling News
South Africa Plans Stronger Online Gambling Enforcement
For more than 10 years, the topic of regulating online gambling has been debated back and forth. As it stands right now, most forms of online gambling are essentially illegal in the country. Though many politicians are able to point out why it makes sense to regulate the industry, there's still a lot of opposition. -
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Gambling News
Information on the Bwin.Party Buyout Released
There has been a massive bidding war going on for a while now when it comes to the sale of Bwin.Party. 888 Holdings has been competing primarily against a join cooperation between GVC and the Amaya Gaming Group, and they've recently suggested a big deal that includes almost a two percent premium on the recent closing prize for Bwin.Party. -
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Gambling News
Betway to Innovate with Pub Ads on Screach Platform
Being able to target key demographics is a major part of what can make an online gambling brand successful. Advertising is great, but if you're not advertising to the people who want to use your product, then it's not very useful. -
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Gambling News
888 Holdings Wins Bwin.Party Bidding War vs. GVC-Amaya
For anyone who has been around the online gambling world for any amount of time can tell you, companies are constantly being bought and sold. Whether it's a large software company purchasing a smaller one to boost their portfolio and prevent future competition, or whether it's a large investment group buying up companies they believe are undervalued, there's always some kind of business news attached to the online gambling industry. -
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Gambling News
USA Anti-Online Gambling Lobby Grows Larger
The lobbying effort against the expansion of US online gambling has continued to grow. Sheldon Adelson's Restoration of America's Wire Act is the main focus, and Squire Patton Boggs of Washington has joined the cause. This has been done through Adelson's Coalition to Stop Internet Gambling. -
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Gambling News
Unibet Buys Bookmaker Stan James Online Operations
In the United Kingdom, the online gambling market has seen a bit of a chokehold put on it after regulations and licensing changed over the past couple of years. One of the major effects on the industry was that there aren't very many large online sports betting operations going, and that means that when a company like Unibet is looking to expand their market reach in the UK, they don't have many options for acquisitions. -
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Gambling News
Operator Primedice Taken for Over a Million in Bitcoin
Bitcoin of what we think about when it comes to how currency works and the opportunities that come up when we have anonymous payment methods. A number of online gambling sites like Primedice have found themselves offering deposits and withdrawals in bitcoin as a sort of marketing ploy that's gained some sites a fair amount of attention. -
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Gambling News
NetEnt Granted Spanish Online Gambling License
The Directorate General for the Regulation of Gambling has awarded a license to operate in Spain for Net Entertainment, and this comes just as they have allowed online casinos to offer slots. The timing doesn't seem to be coincidental, and it's a big step forward for the market as a whole. -
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Gambling News
Italian Regulator Blocks 5,000+ Illegal Gambling Sites
The regulator for online gambling in Italy is the Agenzia delle Dogane e dei Monopoli, and they send out regular reports about their activities each year. This includes financial reports, but it also includes other information like the ways they have been enforcing rules about unlicensed sites operating in the country. -
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Gambling News
666Bet Announced They Have No Money to Repay Players
One of the most important things that online gambling sites are supposed to do with money in player accounts is keep them in segregated bank accounts so that the funds don't mix with each other and so they do not mix with operating funds for the site itself. The point is that the money still belongs to the player at that point, even though it's in an account with the casino. -
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Gambling News
The Fight for Online Gambling Continues in South Africa
In South Africa, there's a long and really interesting history when it comes to online gambling because it's been legalized and made illegal in various forms over and over again. Right now certain types of online gambling are legal like sports betting, but most forms are not.
