New Jersey Online Gambling Market Slows
April stats show the first decline for the nascent market The latest online gambling performance stats released by the New Jersey Division of Gaming Enforcement make for disappointing reading, indicating that the nascent market suffered its first decline in April 2014 after just five months of operational activity. At $11.4 million, April's numbers were $500,000 down on the preceding month, with poker suffering especially through a 20 percent month-on-month decline to $2.6 million. That was offset to some extent by
New Online And Mobile Bingo Site Launched
Dragonfish powers Winneroo's new venture into online bingo 888.com's business-to-business subsidiary Dragonfish powers the latest online and mobile bingo site to launch under the Winneroo online casino brand. The site offers 90 and 75-ball variations on desktop and mobile, along with a selection of instant games and player promotions. "Our mobile casino has quickly progressed to pay out over a million pounds in cash every month, and we're aiming to swiftly achieve similarly high volumes with the new bingo site,"
New Point-of-consumption Online Betting Tax Gets Royal Assent
Another stage passed as bill progresses to full implementation The British government's bill requiring all online gambling operators accessing the UK punter to take out licensing with the Gambling Commission and pay British taxes has successfully passed the Royal Assent stage and now moves closer to implementation. Operators seeking to comply with the UK Gambling (Licensing and Advertising) Bill have had online access to the requisite application facilities since February this year. The controversial bill imposes a 15 percent tax
New U.k. Television Advert For Betfred Mobile
'Have fun with your fingers' advertising push The mobile gambling services of Betfred are being boosted from May 9th by a new UK television advert dubbed "Have Fun With Your Fingers", reports the marketing publication Drum. The first of five executions on the theme will launch with supporting online and social activity as well as a retail presence, with call-to-action based creative introduced across Betfred.com's 1,400 retail betting shops. The creative features finger characters playing out comedy 'slice-of-life' moments, in
Northstar Under Fire Again For Illinois Lottery Performance
Company over-promised and under-delivered, says politician After three years of running the outsourced Illinois state lottery, operating firm Northstar is still catching flak for not meeting its projections for the lottery… and failure to meet targets has resulted in penalties of $60 million being paid to the state, according to Gov. Pat Quinn's office. This week state Representative Jack Franks again shone the spotlight on Northstar's disappointing performance, asking the governor why the company had not been fired. "The privatization
Online Gambling Busts In Israel?
Reports of 20 arrests InfoPowa is currently following up on reports in the Jerusalem Post that 20 people have been arrested in Israel on allegations of involvement in "… an international online casino ring run by Israelis." Initial reports indicate the ring generated around NIS 20 million, but full details are not yet available. Online Casino News Courtesy of Infopowa More news here.
Online Gambling Trade Body Welcomes E.c. Finding On Sports Betting
Study concludes that there is no legal basis nor rationale for an EU-wide right to consent to bets In a statement Thursday the Remote Gaming Association welcomed the main findings of a European Commission funded study on sports organisers' rights in the European Union. The study concluded that there is no legal basis nor rationale for an EU-wide right to consent to bets (i.e. "sports betting right"), and that the French sports betting right, whereby sports betting operators must obtain
Online Gaming Group Announces Joint Venture With Betit Securities
Scandinavian company to partner with G.V.C. Holdings The European online gambling group GVC Holdings plc has announced a joint venture agreement with Betit Securities Limited in Scandinavia via a new company to be titled Betit Holdings Limited. GVC says the objective of the deal is to make investments and acquisitions whilst not impeding the level of its current dividend, and that its upfront commitment is an initial Euro 3.5 million out of free cash flow for a 15 percent share
Paddy Power Breaks Performance Records
2013 a generally successful year for land and online bookie, but tax and levy problems loom Reporting to shareholders at the Paddy Power plc annual general meeting today (Tuesday), chairman Nigel Northridge described the year as memorable for its record turnover, which reached Euro 6.2 billion and delivered an operating profit of Euro 137 million. Net revenue increased by 17 percent in constant currency and earnings per share grew by 2 percent, he said. "The proposed final dividend makes for
Paf And Proactive Gaming Partner For Bingo Development
Aims to develop a unique bingo experience Åland Company Paf will collaborate with Swedish games developer Proactive Gaming to develop a superior bingo product. Paf previously held a similar relationship with Parlay Games which has fallen away as the new partnership with Proactive Gaming moves forward. "We hope to develop the industry's best bingo product working with Proactive Gaming," said Kim Johansson, Head of Games at Paf. "We believe that we have found a partner with extensive experience and unique
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