Business News

The Portuguese gambling sector continues to grow

Portugal’s gaming regulator SRIJ provided a quarterly report, which again recorded a positive trend. In the third quarter of 2017, gambling online gambling revenue was $34.7 million, up 21.5% compared to the third quarter of 2016. $21 million accounted for sports betting. The SRIJ believes that the growth in profits …

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Kindred Group has achieved an unprecedented growth

In the third quarter of 2017, the Stockholm gambling company Kindred Group showed record growth in revenues for all his history. For three months, the company earned 193.6 million pounds, which is higher than the level of profitability for the corresponding period last year (£142.3 million). Kindred received most of …

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eSports can be included in the Olympic Games

The International Olympic Committee (IOC) allowed the inclusion of e-sports in the program of the Olympic Games. Members of the committee see this as a necessity to attract young viewers and remain relevant for new generations. The program for 2024 will be formed in 2019, therefore only then it will …

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Online poker will be allowed in Pennsylvania

Located in the northeast of the US, Pennsylvania will become the fourth state in the country after New Jersey, Nevada and Delaware with legitimate online poker and gambling. The Pennsylvania House of Representatives passed a bill that would allow residents of the state to play online poker, online casinos and …

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Indian Delta Corp will open a casino in Nepal

The largest casino operator in India Delta Corp, announced the successful signing of a contract to launch a casino in the capital of Nepal, Kathmandu. Subsidiaries of the Nepalese conglomerate MS Group Everest Hospitality and Hotel Pvt Ltd signed a cooperation agreement with Deltin Group for the construction of a …

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Playtech swallowed BetBuddy

Leader in the field of innovative game development for online casinos Playtech announced the purchase of BetBuddy, a company specializing in analytics of a responsible game. Playtech’s strategy is based on the acquisition of additional technologies that expand the range of software capabilities offered by the company. Head of Regulatory …

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Star Entertainment Group will lose its monopoly in Sydney

The gambling industry in Australia offers all the new opportunities for expanding gambling in the country. As a result, the monopolist Star Entertainment Group is preparing for the fact that a new operator will appear soon. Chairman of Star Entertainment Group John O’Neil said that the company is in the …

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SoftGamings presented Live Casino Bundle

Aggregator of casino games and provider of online platforms SoftGamings announced the launch of a new product – Live Casino Bundle. This is a package of 8 top providers of live casinos, fully adapted for use on mobile devices. “SoftGamings makes a profitable commercial offer for this product. If you …

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iSoftBet and Red Rake Gaming have become partners

The developer of software for online casinos iSoftBet has signed a partnership with the Spanish manufacturer of the Red Rake Gaming slots. The company will integrate the full range of gaming machines and video games on the iSoftBet Game Aggregation Platform (GAP) platform. CEO iSoftBet commented on the deal: “The …

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LeoVegas bought Royal Panda

Swedish gambling operator LeoVegas announced the acquisition of the Royal Panda brand from the Maltese company Web Investments Limited. Under the terms of the agreement, €60 million will be paid at the initial stage. Additional €60 million can be paid if the company receives revenues of €50 million, while EBITDA …

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Foxium signed an agreement with Microgaming

The developer of slot machines Foxium has signed an agreement with the company Microgaming on the integration of the Quickfire platform into its own network. Founded in 2015, Foxium is the studio for the development of online gaming machines with offices in Estonia and Sweden. Foxium products will be available …

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Paddy Power leaves Italy

The well-known Irish bookmaker Paddy Power has announced the termination of its activities in Italy. Registered players of Paddy Power received letters with the following text: “Since December 2017, Paddy Power will no longer provide its services in the gambling market of Italy. By December 2017 user accounts on Paddy …

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Juventus found a new betting partner F66.com

Italian club Juventus Turin  announced the signing of a regional agreement with the Asian firm F66.com for a period of three years. Under the terms of the signed agreement, the gaming operator F66 will be the official betting partner of the Turin team in the Asian region, except for countries …

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Riga will close 42 gambling halls for five years

The gambling industry in Latvia is one of the lines of business demonstrating stable growth. At the end of 2016, the industry is ready to reach the pre-crisis level, but the changed policy of the state with regard to the sphere of gambling puts into question not only its development, …

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Belgium toughens advertising gambling

At the end of July, the Belgian government considered two bills imposing new restrictions on gambling. Now the authorities insist on adopting a tougher law on advertising gambling, which would completely prohibit advertising of all types of gambling during live broadcasts of sports events. Minister of Justice Cohen Hins, who …

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Cyprus will accept Bitcoin & Blockchain Conference on November 30

bitcoin casinos

On the last day of autumn, the leading players of the crypto-currency market will meet in the capital of Cyprus Nicosia at Bitcoin & Blockchain Conference Cyprus to provide the business community with answers to questions related to decentralized technologies. The coordinator of the event, the international company Smile-Expo, held …

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