Gambling News Archive

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Industry Veteran Joins Gaming Realms Board

Bali has extensive online gambling and lottery experience Gaming Realms, a UK company that creates and develops interactive next-generation online gambling games delivered via mobile, tablet and desktop computers, has announced the appointment to its board of Atul Bali as a non-executive director. Bali was recently in the news following his appointment as president of Real Networks' games division (see previous InfoPowa report) and has a solid professional history in the industry, having formerly held senior executive position at Aristocrat,

By Casinomeister May 16, 2014

Interactive Operations The Bright Spot In Caesars First Quarter

Net revenues for Q1-2014 up almost 50 percent y-o-y The overall Q1-2014 group results for US gambling giant Caesars Entertainment may have been less than stellar, but the company's Caesars Interactive Entertainment division led by Mitch Garber turned in a creditable performance, boosting net revenues by almost 50 percent year-on-year to $124.2 million. Growth in social and mobile operations, along with the $90 million acquisition of Pacific Interactive made notable contributions to the company's results. Pacific Interactive joins other interactive

By Casinomeister May 16, 2014

Kennedy To Step Down As C.e.o. At Paddy Power

Successful exec to depart on tenth anniversary of his appointment Patrick Kennedy, the highly successful chief executive officer of online and land gambling group Paddy Power, has announced that he is to step down on the tenth anniversary of his appointment to the company, leaving on April 15 2015. Commenting on his decision Tuesday, Kennedy said: "I have loved every day of being Paddy Power's chief executive. It is as fun and as interesting a job as anyone could hope

By Casinomeister May 16, 2014

Ladbrokes Launches Responsible Gambling Education Campaign

Dedicated television advertisement will air Friday On Friday 16th May the online and land gambling group Ladbrokes will launch Britain's first dedicated TV advertisement to promote responsible gambling. The advertisement is part of the new 'Ladbrokes Life' campaign which launched in April (see previous InfoPowa report) and was developed by the BBH agency. It celebrates the characteristics of different betting customers and aims to set a markedly less aggressive tone to that used in rival betting advertisements. In the responsible

By Casinomeister May 16, 2014

Land Casino Exec Debunks Adelson T.v. Interview (update)

A more balanced and professional view from Borgata CEO In a follow-up to Sheldon Adelson's anti-online gambling television interview earlier this week (see previous InfoPowa report), the president and CEO of the Borgata in Atlantic City, Tom Ballance, debunked the questionable assertions made earlier by Adelson. Interviewed by Betty Liu of Bloomberg TV's "In The Loop" business program, Ballance, a 26-year land industry veteran whose company also runs online operations in New Jersey, dismantled the Adelson arguments one by one

By Casinomeister May 16, 2014

Lock Poker Fails To Respond To P.p.a. Enquiry On Late Pay-outs

Poker advocacy group warns players to be careful Lock Poker, which has become notorious for slow pay-outs to players that can stretch to months, has failed to respond to a Poker Players Alliance enquiry sent to it last month (see previous InfoPowa reports). The poker advocacy group says it therefore has no alternative but to warn players and advise affiliate marketers of the situation. PPA spokesman Rich Muny said this week that until Lock Poker provides reasonable explanations and answers,

By Casinomeister May 16, 2014

Losses Mount At Scientific Games

Net loss of $45 million recorded in Q1-2014 The Q1-2014 results for Scientific Games Corporation, which recently acquired WMS, make for rather depressing reading on the numbers side, showing an $11.1 million positive in Q1-2013 reduced to a $12.7 million loss in operating costs in the first quarter of this year. The company posted an overall net loss for the first quarter 2014 of $45 million (Q1-2013: -$12.3 million) on revenues up 76.7 percent to $388.1 million. EBITDA of $122.8

By Casinomeister May 16, 2014

Massachusetts A.g. Candidate Severs Ties With Games Developer

Tolman says Fast Strike never really took off anyway When you're in a competitive battle for high official office in a US state, you are open to attack by your opponents on your business activities, and that appears to have happened to Warren Tolman, a candidate for the post of Attorney General in Massachusetts. In a television interview that aired Sunday, Tolman revealed that he had cut all ties with Fast Strike Gaming, a fantasy sports games and lottery developer.

By Casinomeister May 16, 2014

Massive Illegal Online Gambling Ring Dismantled In China

63 arrested in major bust of an internet gambling ring that generated over $18 billion in revenues After sitting on the investigation and arrests report for over a month, Shanghai police revealed this week that in April they detained 63 people for their association with an illegal online gambling ring that generated over 113 billion yuan ($18 billion), the Global Times reports. The illegal enterprise allegedly operated a Shanghai-based betting network for more than 10 years, attracting more than 10,000

By Casinomeister May 16, 2014

Mclellan Crowned Two-time Ukipt Champion (update)

Fast paced play on final table finishes up in record 3 hours 49 minutes UKIPT Nottingham's record-breaking GBP 1 223 000 prize pool was taken by Duncan McLellan following six-days of intense action. McLellan bested a field of 1 223 becoming UKIPT's fourth double champion and the first British player to achieve a double win. Described as the fastest, and possibly most exciting, UKIPT final table ever, McLellan took the honours after three hours forty-nine minutes of play, another for

By Casinomeister May 16, 2014

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