Gambling News Archive

Open	37
Closed	25

Quickspin In Content Deals With Vera&john And Paddy Power

On a roll with high profile operators Stockholm-based game development studio Quickspin has announced a pair of content deals with high profile operators Vera&John and Paddy Power. Under the terms of the Vera&John agreement, Quickspin will integrate its entire existing and future games catalogue through the company's verajohn.com operation. "We are happy to announce this partnership with Quickspin. They will, with their innovative approach to game design and development be a perfect supplement in our casino. I am very pleased

By Casinomeister Dec 5, 2014

Results Released On Research Into Gaming Machines

Responsible Gambling Trust says the understanding of these machines and the way people use them is now greatly enhanced The Responsible Gambling Trust in the UK has published independently conducted research into gaming machines in licensed betting offices that debunks at least some of the misconceptions and media claims that have created such a furore around FOBTs recently. And the research suggests that it is possible to distinguish between problem and non-problem gambling behavior, but it is not yet an

By Casinomeister Dec 5, 2014

Rga Weighs In On Uk Poc Implementation

Significant economic impact The implementation today of the new place of consumption tax levied by the UK Government on online gambling operators elicited a response from the Remote Gaming Association (RGA) who said: "The economic impact of this change on the industry is significant". Operators, who are required to hold a UK Gambling Commission licence if accepting business from UK customers, are now liable for a 15 percent tax on gross profits involving UK-situated customers irrespective of where the operator

By Casinomeister Dec 5, 2014

Skrill And Ukash In Acquisition Deal

Consideration not disclosed as Skrill moves to acquire pre-paid voucher provider The e-cash processing sector was humming late Thursday as news broke that online payment processor Skrill (formerly Moneybookers) has signed a deal to acquire the UK pre-paid cash voucher provider Ukash. The consideration agreed for the acquisition has not been disclosed, and regulatory approval is still awaited. According to a Skrill spokesman, the addition of Ukash to the group will augment the operations of subsidiary Paysafecard, which is the

By Casinomeister Dec 5, 2014

Sky Sells Betting Business To Private Equity Firm

CVC Capital Partners pays up to GBP 800 million for asset According to reports in Thursday's Telegraph newspaper in the UK, major broadcast company Sky has sold a majority stake in its betting business SkyBet to CVC Capital Partners, a British private equity firm, for up to GBP 800 million. CVC Capital Partners made an unsuccessful attempt to acquire Betfair for GBP 1 billion last year (see previous InfoPowa report). Sky's decision is believed to be motivated by a desire

By Casinomeister Dec 5, 2014

Spanish Debate On The Status Of Virtual Currencies

If gambling companies using Bitcoin have to licence, does that validate the cybercurrency? Interesting legal questions around the use of cybercurrencies like Bitcoin by online gambling companies have been raised in Spain recently, with the Spanish Treasury advising a legal firm that providing exclusive cybercurrency services still constitutes gambling, and operators must have a licence. The issue was raised by the local law firm Abanlex, which asked the Treasury for its opinion on whether Bitcoin is considered as legal tender

By Casinomeister Dec 5, 2014

Sportech's Football Pools Launches Matchxtra

New product uses innovative pools technology from Longitude LLC, a New York-based technology solutions company Sportech plc subsidiary The Football Pools has launched MatchXtra, an innovative new Pools product that uses innovative pools technology from Longitude LLC, a New York-based technology solutions company. The product offers exceptionally competitive odds on Premier League and other matches throughout the world, the company claims. Using MatchXtra, punters can bet on fixed odds-type markets, such as, home/draw/away, correct score and both teams to score,

By Casinomeister Dec 5, 2014

Sports Betting Special Mention In India Parliament

Economic benefits to legalising betting, says MP The legalisation of sports betting in India was among several special mentions raised in Rajya Sabha, the upper house of the Parliament of India, today (Monday). Lawyer KTS Tulsi, part of the 243 member Rajya Sabha, who moved the Special Mention which would address the legalisation of sports betting, said the spirit of cricket would not be harmed if betting in sports was allowed while pointing out the economic advantages sports betting would

By Casinomeister Dec 5, 2014

Tabcorp Loses Appeal For A$686 Million From State Of Victoria

Aussie gambling group still to decide on taking its case further Disappointed Tabcorp executives were considering their options Thursday following the dismissal of the company's appeal to the Supreme Court of Victoria against a Supreme Court of Victoria A$686 million judgment delivered in June 2014 in favour of the State of Victoria. Tabcorp had claimed that the State of Victoria was obliged to make the payment to Tabcorp in August 2012, when Tabcorp's gaming and wagering licences expired and new

By Casinomeister Dec 5, 2014

Tatts Wins In Court Action Against Victorian Government

Australian gambling group wins A$540 million in appeal court action Australian gambling group Tatts has been awarded around A$540 million in compensation from the Victorian government following an appeal action this week in the Supreme Court of Victoria. Victoria's court of appeal has upheld the judgment made in the state's supreme court, awarding compensation to Tatts and dismissing a similar claim by Tabcorp for A$686 (see previous InfoPowa report). Tabcorp and Tatts sought compensation after losing their duopoly over poker

By Casinomeister Dec 5, 2014

Latest Industry News