Gambling News Archive

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Gtech Completes Probability Acquisition (update)

Advancing mobile gaming strategy GTECH S.p.A. subsidiary GTECH Interactive Limited has completed the cash acquisition of the entire issued share capital of UK-based, AIM listed mobile gaming firm Probability Plc for around GBP 18 Million (see previous InfoPowa report). Renato Ascoli, GTECH S.p.A. President of Products & Services said: "With the mobile gaming market poised for significant growth over the next several years, we view the acquisition of Probability as a logical stepping stone for advancing our mobile gaming strategy

By Casinomeister May 9, 2014

Hit Casinos Group Choose Medialivecasino

Italian land operator heads into the online realm Italian operator The Hit Group will offer mobile and online live roulette to the Italian public following a deal with live gaming provider Medialivecasino. Live roulette table games will be directly transmitted from the Perla, Casino & Hotel from Nova Gorica 24/7 on hitstars.it from next month. The expansion into the online market was precipitated by The Hit Group's 30-year anniversary in the land sector with the express view of increasing its

By Casinomeister May 9, 2014

Igaming Biggest Potential Revenue Source Says Pennsylvania Study (update)

Most likely complement to land-based casinos A report commissioned by the Pennsylvania General Assembly Joint Budget and Finance Committee in December 2013 was released this week identifying iGaming as the biggest potential source of revenue for the State. The findings forecast that iGaming could yield $184 million in the first year and $307 million the next with direct tax revenues estimated to potentially yield $68 million in the first year, and $110+ million annually thereafter. And estimates that online sports

By Casinomeister May 9, 2014

International Poker Network Folds On May 28

But the GTech-owned platform will continue to be used by national lotteries One of the early entries into the online poker network market, the initially branded Boss Media product that evolved into GTech's International Poker Network, has announced that it is to close its virtual doors on May 28 this year, and has already begun the winding down process with its constituent skins. The platform will continue to be used in nationally regulated and lottery markets such as Spain, Canada,

By Casinomeister May 9, 2014

Is This The Biggest Ever Individual Poker Loss?

If you think Gus Hansen's reported $16 million in losses was bad, read on… Circus Circus founder, philanthropist, businessman and avid poker player Guy Laliberte has revealed some startling figures from his online and live poker adventures in an interview with the Journal de Montreal. Although the live tourney scene is now more his personal style, there was a time when Laliberte rode the crests and troughs of the high stakes online poker tables on the Full Tilt Poker site,

By Casinomeister May 9, 2014

Italian Victory In European Poker Tour Grand Final Main Event

Antonio Buonanno beats Jack Salter to claim Euro 1,240,000 first prize After almost 18 hours of fierce, competitive action, the final table of the Euro 10,600 buy-in 2014 European Poker Tour Grand Final main event in Monte Carlo produced a winner Friday, with Italian pro Antonio Buonanno claiming the main prize of Euro 1,240,000. 650 players entered for the event, generating a massive prize pool worth Euro 6.5 million, but by Thursday the field had been whittled down to Buonanno

By Casinomeister May 9, 2014

Ladbrokes General Counsel Leaves Company

Deputy takes over the role Jonathan Adelman, Ladbrokes' legal counsel and company secretary has left the company. He is succeeded by former deputy Annabel Bannerman who took over the role from April 2014. Adelman led two comprehensive reviews of Ladbrokes' external legal panels during his tenure. He reduced the number of external legal firms used by the UK bookmaker from "more than a hundred" to a core group of four and another eighteen firms who are used on a far

By Casinomeister May 9, 2014

Latest Gambling Participation Stats From The U.k.

Gambling Commission reports online wagering year-on-year showed a 1 percent decline The UK Gambling Commission's latest gambling participation review conducted by ICM Research over the four quarters ended shows that online wagering actually declined year-on-year by a percentage point. The main gambling channel for Brits remained the National Lottery (41 percent of respondents), although there has been a y-o-y 3 percent decrease in the number of players wagering. In a general gambling sense over the four week survey period, 56

By Casinomeister May 9, 2014

Macau Land Gambling Does It Again

April revenues up more than expected thanks to strong Chinese punter support The world's most consistently successfully land gambling enclave, Macau off the Chinese mainland, has again exceeded analyst expectations, delivering a 10.6 percent increase in revenues against analyst predictions of 6 to 8 percent. The Reuters news agency reports that casinos raked in 31.3 billion patacas ($3.9 billion) in gambling revenue in April thanks to strong spending by Chinese visitors. Macau earns the equivalent of Las Vegas' annual haul

By Casinomeister May 9, 2014

Malaysian Police Seize 325 Computers In Online Gambling Raids

March and April have been busy months police anti-online gambling task force During the March-April 2014 period Malaysian police in the city of Kota Kinabalu, Sabah province, arrested 33 people and seized 325 computers in a series of 18 raids on online gambling outlets, according to police spokesman Chief Assistant Commissioner Jauteh Dikun. He advised residents to set up safety and security committees to help police curb growing criminal activities in their neighbourhoods. Those arrested were aged between 18 and

By Casinomeister May 9, 2014

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