Gambling News Archive

Open	37
Closed	26

Cherry Ab Losses Down In Third Quarter

Online gaming revenues soar 33 percent in latest quarter, but player wins and marketing expenses soar The publicly listed Swedish gambling group Cherry AB has posted its quarterly and 9 month interims to September 30, flagging increased revenues and a reduction in its losses, but heavy expenses due to big player wins and energetic marketing. Q3-2014 highlights include: * New turnover records across all business areas; * Group revenue up by 29 percent at SEK 90.4 million (69.9); * EBITDA

By Casinomeister Nov 7, 2014

C.i.e. Falls Foul Of New Jersey Regulator

Fined $10,000 for marketing flaws regarding self-excluded gamblers Marketing flaws which saw Caesars Interactive Entertainment - the online division of Caesars Entertainment - allegedly soliciting over 250 self-excluded gamblers to its New Jersey online sites have resulted in a fine of $10,000 imposed on the company by the New Jersey Division of Gaming Enforcement. DGE spokesperson Kerry Langan told the Reuters news agency that the fine was the first imposed by the regulator since New Jersey launched legalised online gambling

By Casinomeister Nov 7, 2014

Colombian Sports Betting Launched

Keno, Virtual sports and racing in the pipeline A new pari mutual sports betting offer has launched into the Colombian market, the first in over ten years. Colombian state-operated offer Las Deportivas is licenced by regulator ColJuegos and powered by Corredor Empresarial. It currently offers football betting but is expected to expand its portfolio as the regulatory framework's modernization continues. According to Coljuegos president, Cristina Arango, the gambling sector delivered its strongest growth in August 2014 primarily from the casino,

By Casinomeister Nov 7, 2014

Cricket Officials Eject Bookie Spies

Two men admit working for foreign bookmaking firms A cricket test match in Abu Dhabi between Australia and Pakistan (the Aussies lost) this weekend saw the ejection from the stands of two men who subsequently admitted they worked for unidentified bookmaking firms and were relaying in-play information via cell phones. The men, believed to be an Indian national and an Emirati with family ties to Pakistan, were questioned by the ICC's anti-corruption unit, where their links with bookmakers were established

By Casinomeister Nov 7, 2014

Delaware Disappointment

September online gambling revenues the lowest since December 2013 State Lottery officials in Delaware have released disappointing statistics on the state's online gambling activity in the month of September 2014, reporting that total revenue for the three operators Delaware Park, Dover Down and Harrington was only $145,022. The figure is the lowest since December 2013, when online gambling had just been launched the month before. Broken down by category, only video lottery revenues were encouraging, achieving $54,039 in the top

By Casinomeister Nov 7, 2014

Delaware Sports Betting On The Rise

Online casino and poker results may be disappointing, but sports betting thrives just a short distance from New Jersey One of the ironies of state regulatory autonomy vs. federal interference in the United States is that sports betting prohibited by federal legislation in one state can be indulged a relatively short distance away in another… and that's the case with Delaware and its much larger neighbour New Jersey. New Jersey is struggling to introduce legal intrastate sports betting, spending millions

By Casinomeister Nov 7, 2014

Dgoj Invites Online Applications

Slots and Exchange Betting in the mix for the first time New regulations published in Spain's official Government Gazette late last week have led to the gambling authority Dirección General de Ordenación del Juego (DGoJ) inviting submissions for online gambling licenses that include for the first time online slots and exchange betting. The process is open to existing licensees who choose to expand their current offer and to new operators interested in operating in the Spanish market. The updated regulations

By Casinomeister Nov 7, 2014

Disgraced Former Banker Gambled Millions With Online Sites

Carefree attitude did not go down well with the police Retired Merrill Lynch banker Patrick Coppeard (49) took advantage of 62 parishioners at his church to con around GBP 5 million from them - funds he mainly spent on internet gambling sites belonging to companies like bet365, Ladbrokes and Coral. And according to a report in the Daily Mail, he displayed a carefree attitude when questioned by police about the size of his bank balance, responding "Zip-a-dee-doo-dah." Coppeard was accused

By Casinomeister Nov 7, 2014

Does Adelson's Online Gambling Banning Bill Stand A Chance?

Reports that the House Judiciary Committee may hold a hearing in the closing weeks of Congress trigger speculation The Republican Party will have been re-energised by its victories in the mid-term elections this week, and that could add impetus to reports that the House Judiciary Committee may decide to hold a hearing on the infamous online gambling banning bill HR 4301 launched in March this year by Utah Representative Jason Chaffetz and inspired by land casino mogul Sheldon Adelson (see

By Casinomeister Nov 7, 2014

Failed Illinois Project Costs Scientific Games

JV with GTech results in $19.7 million write-off The release by Scientific Games this week of its Q3-2014 results (see earlier InfoPowa bulletin) gave industry observers a glimpse of the costs of the failed joint venture Northstar which the company entered into with GTech to run the Illinois State Lottery. State governor Pat Quinn axed the project last summer, using the failure of the Northstar Lottery Group to deliver on agreed targets as justification and - as the results this

By Casinomeister Nov 7, 2014

Latest Industry News