Business News

Svenska Spel stops online casino advertising

A new policy implemented by Svenska Spel, state-owned Swedish operator, excludes all forms of online casino advertising. The decision was announced on the company’s website. In the statement Patrick Hofbauer, CEO of Svenska Spel, explained that the decision to stop advertising is to support the Swedish Health Authority in their …

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Gambling companies hope for a US jackpot

New research report indicates that Paddy Power Betfair profits from it’s US division could reach $600m (€532m) in a few years. However, it is highly dependable on more states legalizing sports betting. So far seven US states had legalized sports betting, with more expected to follow this trend in the …

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RedKings giving up online poker and sports gambling

RedKings, part of Microgaming Poker Network (MPN), has announced on their website that on April 28 will cancel their online poker and sports gambling operations. Online casino activities will continue, at least for now. Without going into details, the announcement indicates that Betsafe will take over the operator’s RedKings Promotions. …

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Record sales by Polish state-owned lottery

Totalizator Sportowy, Polish state-owned lottery and online casino monopoly, for the first time has topped six billion zloty mark in 2018. According to new figures released during the first week of April total sales jumped by 8.5% to PLN6.1b (US$1.6b). This resulted in two more new records, the total contribution …

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Puerto Rico wants a piece of sports gambling cake

Puerto Rico, a U.S.- controlled territory in the Caribbean, plans to offer sports gambling in near future. This would also open the doors for fantasy sports and esports gamblers. Local media informed that Puerto Rico Governor Ricardo Rosello announced the bill this past Monday on April 1. According to Rosello …

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FOBT stakes slash puts shops future in risk

1,000 closed betting shops and 5,000 jobs in risk, this according to Ladbrokes officials will be a result of slashing fixed odds betting terminals (FOBTs) maximum stakes to two pounds. After years of discussing what the maximum stake on FOBTs should be, UK politicians decided that it must be lowered …

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25 illegal websites blocked in Denmark

Copenhagen City Court upheld the order from the Danish Gambling Authority (Spillemyndigheden) which will block access to 25 unlicensed gaming websites. Local internet service providers are required now to prevent their customers from visiting accessing 10 igaming sites and 15 skin betting sites. “We use our authority to block websites …

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Bucharest Official Calls For Gambling Halls Ban

Bucharest could relocate its gambling halls to a “neighborhood of gambling” located outside the Romanian capital, if a proposal by a general council survives a vote in the city’s General Council, local news outlet the Romania Insider reports. According to data quoted by local media, the city is home to …

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William Hill agreed a new partnership with NHL

The National Hockey League has secured a deal with leading betting operatot William Hill that makes the sportsbook operator the league’s official sports betting partner. Betting on NHL games has increased 38% during the 2018-19 season at William Hill’s Nevada Sports Books. Additionally, NHL fans, when compared to fans of …

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188Bet ceased all operations in the UK and Ireland

The betting firm 188Bet has announced that it was closing all operations to customers in the UK, Channel Islands, Gibraltar and Ireland with immediate effect. In company explained decision very easy: “This is a commercial decision in a very competitive marketplace.” The statement also made clear Annatar is solvent and …

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Betcris – official sponsor the Mexican Football Federation

A Costa Rican gambling company and operator Betrics and the Mexican Football Federation (FMF) signing of a sponsorship that places Betcris.mx as the first Official Betting Site of the Mexican National Soccer Team. Under the terms of contract, Bectrics.mx will also become the official sponsor of the National Team. The …

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IGT signed a three-year extension deal with the Kansas Lottery

Global leading gaming company International Game Technology has announced a three-year extension partnership with the Kansas Lottery to continue providing IGT’s Intelligen central computer system and services to monitor electronic gaming machines throughout the state. This extension, part of the original central system services agreement awarded to IGT in 2008, …

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888 Holdings launches new poker platform

The industry giant 888 Holdings has announced launching their newest generation of poker platform dubbed Poker 8 that will roll out globally, including in US regulated markets. The launch of Poker 8 could be transformative for 888 as they are currently competing in the US regulated market against operators such …

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Sportech revenue fell to 3.9%

Betting technology specialist Sportech has reported sales decline 3.9% to £63.7m in the year ending 31 December 2018. On a constant currency basis, revenue fell by 0.9%. Revenue for the 12 months ended December 31, 2018 declined to £63.7m (€73.6m/$83.9m), following fell from the Racing and Digital and Venues divisions. …

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Multilotto teamed up with Direkten

Malta-based lottery betting operator Multilotto has announced the creation of a new Swedish alliance, as the firm rolled out a new in-store gaming platform alongside Direkten. Together with some of Sweden’s biggest online Casino brands Multilotto is the first to embark on this project which will offer players easy access …

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Patagonia Entertainment signed a content agreement with Hacksaw Gaming

Video Bingo game development company Patagonia Entertainment has struck a deal with Hacksaw Gaming, a mobile-first games provider. This agreement will see Patagonia Entertainment integrate a selection of scratchcard products. The Hacksaw portfolio already includes 26 scratchcards with a number of new games set to be released over the course …

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Amelco launched outright pricing model Quantum Outrights

London-based sports betting provider Amelco has rolls out of the industry’s most advanced football outright pricing model, Quantum Outrights. Quantum Outrights has been developed utilising Amelco’s proprietary machine learning tools, with Amelco detailing that its new product can price the outcome of all 380 games across the Premier League season …

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KamaGames showed a 33% increase in revenue for 2018

Social casino operator KamaGames has reported a 33% rise in FY18 revenues to $57.5m, on the strength of improved personalization and new products. According market analyst Eilers & Krejcik Gaming it was the third consecutive year of fast growth for Dublin-based KamaGames, which operates social casino games such as Pokerist. …

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South Korea plans to raise age for casino entry

South Korea parliament proposed a law that the minimum age for entering casinos to 21 years from the current 19 has been submitted. The bill, which its sponsors said was aimed at preventing gambling addiction among the country’s youth, would require changes to articles 22 and 28 of the Tourism …

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