South African Minister Opens Up On Gambling Board Scandal (update)
Trade and Industry Minister Rob Davies belatedly briefs parliamentary committee The reasons for the suspension of the entire South African National Gambling Board six weeks ago (see previous InfoPowa report) were finally - if belatedly - disclosed Friday when Trade and Industry Minister Rob Davies briefed an impatient parliamentary committee enquiring into the issue. In a written brief, the minister revealed that allegations of maladministration, wasteful spending and corrupt activities prompted him to suspend the members of the National Gambling
Sports Leagues Challenge Latest New Jersey Sports Betting Bid
NFL, NCAA and other sports leagues file for an injunction against new New Jersey sports betting law With the ink barely dry on New Jersey Gov. Chris Christie's approval for a new intrastate sports betting law (see previous InfoPowa reports), the US national sports leagues, led by the NFL and NCAA have noted their opposition and intention to challenge the state again. On Monday the sports organisations filed a lawsuit seeking to block the expansion of gambling the new law
Strong Q3-2014 Performance From William Hill P.l.c.
KPI's all moving in the right direction Online and land gambling group William Hill plc has turned in another sparkling performance - particularly from its online enterprises - in an interim management report covering the period from to . The report shows that the third quarter saw strong year-on-year margin swing driving outstanding profit growth, with key performance indicators highlighting: * Group net revenue up 23 percent and operating profit up 89 percent; * Online operating profit up 126 percent,
Swedish Government Reacts To E.c. Court Referral (update)
Announces plan to accelerate implementation of new licensing system The European Commission's announcement Thursday that Sweden is among the member states it has referred to the European Court of Justice for infringing EU laws in its online gambling enterprises (see previous InfoPowa report) appears to have touched a Swedish government nerve. On Friday the Swedish Minister for Public Administration, Ardalan Shekarabi, revealed that plans were in hand to accelerate the country's new (and possibly less monopolistic) licensing system. The Minister
Tain Integrates Pugglepay
Mobile payment solution allows players to deposit in seconds Gambling solution provider TAIN has integrated payment services from PugglePay following the signing of a strategic partnership. "With the addition of PugglePay we are confident that iGaming companies who use the TAIN platform will significantly boost their revenue and will be able to meet the strong player demand for mobile payments," said Kristofer Ekman Sinclair, chief executive officer for PugglePay. "PugglePay users deposit 14% more often and are 21% more loyal
'the Gambler' Movie Trailer Released
Definitely not for the children… From all appearances, there's strong language and plenty of violence in a new gambling movie starring Mark Wahlberg and titled 'The Gambler'. The film, which also stars veteran actress Jessica Lange, is directed by Rupert Wyatt and is a remake of a 1974 production in which Wahlberg's character, literature professor Jim Bennet, develops a gambling problem that gets him into all sorts of trouble with some pretty tough personalities. In preparation for the film's release
Tipp24 To Rebrand As Zeal Network Se
Shareholders to vote on renaming firm at EGM Tipp24 SE is planning to rebrand as ZEAL Network SE to reflect the company's wider strategic focus. The rebrand proposal will be presented to shareholders at an extraordinary general meeting (EGM) in London on November 19, 2014. The company anticipates the new name to come into effect soon after it hopes to receive majority shareholder approval. Tipp24 SE consolidates revenues from its consumer-facing secondary lottery business under the Tipp24.com brand, offers business
Vermantia In Content Deal With Iforium
Company makes numerous key management appointments Athens, Greece software development company Vermantia will integrate its proprietary gaming platform in Iforium's Gameflex Casino Engine following an agreement signed this week. The integration of Vermantia's product will provide a wider choice of virtual, slot and instant gaming content for Iforium licencees. In related news, Vermantia significantly expanded its international management team with the appointments of Tony Plaskow as head of sales & business development and Richard Clarke as head of licensing &
White Paper On Daily Fantasy Sports
Eilers Research examines a burgeoning sector of the market Respected online gambling researcher and analyst Adam Krejcik of Eilers Research has published an in-depth 24-page white paper titled: "Daily Fantasy Sports: The Future of US Sports Wagering?" The report takes a comprehensive look at the financial health of the burgeoning Daily Fantasy Sports market, as well as an analysis of the competitive landscape and expected industry growth through 2020. Additionally, the report explores the potential convergence of Daily Fantasy Sports
Whither Cadillac Jack?
Amaya Gaming initiates strategic review of alternatives for B2B subsidiary Citing consolidation within the gaming machine supplier industry, Amaya Gaming has announced that it is to strategically review the potential alternatives for its B2B land-based gaming solutions subsidiary Cadillac Jack, and has engaged the services of Macquarie Capital and Deutsche Bank Securities as co-financial advisors to assist in the project. Amaya CEO David Baazov said Monday: "In light of recent consolidation within the gaming machine supplier industry, we believe that