Betsoft Partners With Ole Group
And launches new games Online gambling software and games developer BetSoft Gaming has inked a partnership deal with Olé Group International, a prominent i-gaming operator in South East Asia. Under the terms of the partnership, Olé Group's online offering Olé777, marketing to China, Taiwan, Vietnam and the Philippines, will be taking on BetSoft's entire inventory of games, including the Slots3 collection of 3D video slots. In the near future the operator will additionally receive BetSoft's ToGo mobile games, a spokesman
Big Losers On The Nosebleed Poker Tables This Week
Phua and Ivey take a serious hammering on Full Tilt Poker high stakes tables The high stakes poker action last week was notable for some massive losses to two prominent online poker nosebleed stakes players, Phil "Polarizing" Ivey and Paul "MalACEsia" Phua, who were both down hundreds of thousands of dollars, according to the High Stakes Data Base. Phua took the biggest hit playing a range of aggressive and highly skilled opponents, and at the end of the week was
Big Win At Betsson
Euro 1.8 million jackpot is Swedish player's second major win Reports from the Betsson online gambling group indicate that a Swedish player has enjoyed more than his fair share of good fortune in hitting two major jackpots at the group. A Betsson statement revealed this week that the unidentified player won a major jackpot last year on the Hall of Gods slot, and he enjoyed a repeat of the experience on Arabian Nights when he hit a jackpot of Euro
Bwin Activist Investor Gets A Boost (update)
Investment advisers support the need for new blood on the Bwin.Party board Two investment advisory firms have voiced support for suggestions by an activist investor that the board of Bwin.Party Digital Entertainment needs an infusion of new blood and thought. The proposal the election of four new directors to the board comes from Jason Ader's SpringOwl investment company, which holds a 5.2 percent stake in the online betting giant, and has been agitating for change as the company battles with
California Cops Bust Internet Sweepstakes Cafe
Over 50 computers seized in police raid for illegal online gambling Milpitas police in the San Francisco Bay area teamed up with the state Department of Justice Wednesday to bust an internet sweepstakes cafe allegedly providing online casino gambling. Officers executed a search warrant for illegal online gambling at Net Connection, taking away over 50 desktop computers and other evidence. "There's just various criminal activity that was occurring that citizens in the neighborhood and surrounding businesses were complaining about," Milpitas
Casino Saga To Launch
Innovative design and game play Former Betsson, Casumo and Betsafe exec Georg Westin is behind the soon-to-launch operation titled Casino Saga which promises to be "an entirely new experience in online casino entertainment". Casino Saga is innovatively set to an animated background story where players will be introduced to the Saga Islands comprising 40 regions that represent 40 game levels. The site's design and animation was created by Behance who said in the past three months they had conceptualised and
Cherry Satisfied With First Quarter 2014 Results
Prioritises growth over profit Cherry AB said it continues to gain market share in both its online and restaurant casino sectors. Strong growth in online was recorded over the company's first quarter 2014 period of 43 percent along with a 50 percent increase in deposits, a performance attributed to extensive marketing activities, mainly concentrated on Cherry Casino.com and Spille Automater.com. The increase in marketing costs and the subsequent bonus uptake by new clients, however, has had an effect on turnover
Chinese Crackdown On Macau Money Laundering
Government seeks to control use of bank cards Spurred on by complaints from microlenders and pawn shops who see as much as 40 percent erosion of their business through luckless gamblers resorting to bank cards rather than selling property to cover land gambling debts, the Chinese government has embarked on a crackdown at UnionPay, the only legal domestic bank-card organisation available to Chinese punters. The government's primary concern is to halt money laundering through Macau casinos, along with a desire
Chinese Ministry Of Finance Calms Online Lottery Fears
Power of the press depresses company share prices The commercial clout of the business media was again illustrated last week when companies with an interest in online lottery activities in China found their share prices under siege following a misinterpreted report from a news agency that the government regarded all online lottery operations as illegal. So serious was the fall-out, China's Ministry of Finance felt obliged to step in and explain that there was no blanket ban in place, and
Circus Group Live With Inspired Virtual Sports
New product for Belgian punters Inspired Gaming Group (IGG) has launched its Virtual Sports product on the Circus Group's online and mobile platforms in Belgium. Inspired will initially provide its virtual Football, Horseracing, Greyhounds and Tennis products across the Circus Group platforms. Emmanuel Mewissen, chief executive officer of Circus Group, said: "Adding Inspired's Virtual Sports to our online platform is a fantastic extension to our first class entertainment portfolio and we have already seen impressive income performance within the first