Business
March 16, 2020
Betfred Obtains Access To MoPlay’s UK Customer Database
Betfred seems to have won the competitive auction for the customer database of online gaming operator MoPlay, as the owner company Addison Global has fallen into insolvency. Clients’ Database Auction The companies bidding for the UK section of the MoPlay’s clients featured strong competition from operators such as BetVictor, Star Sports and Virgin Media, but […]
Business
March 16, 2020
Flutter Updates Investors Regarding Covid-19 Financial Impact
Flutter Entertainment released an update today regarding the impact on their operations with regards to the mass cancellations of sports events around the world, in a coordinated effort to halt the spread of the novel coronavirus /Covid-19/. Sports Betting Revenue Vital The owner of Paddy Power Betfair exchange and FanDuel sports book provider revealed that […]
Business
March 15, 2020
Alzheimer’s Society: A £2M “Grave Error Of Judgement”
The Alzheimer Society, a charity organization in the UK aming to help people with dementia sustain their normal activities for as long as possible, has been heavily criticized after it has partnered with the William Hill Foundation, in a coordinated effort to make betting shops “safe heaven” for its people. William Hill will have to […]
Business
March 14, 2020
Kambi Temporarily Suspends Operations For National Lottery AD
Kambi released an update Thursday that its contract with National Lottery AD from Bulgaria had been placed under temporary suspension, halting its sports book operations for the 7777 betting brand with immediate effect. Kambi Group issued a formal notice to National Lottery AD, informing them the restrictions for placing bets through the 7777.bg sports betting […]
Business
March 12, 2020
Newgioco Group Updated Investors Amid Covid-19 Spread In Italy
Newgioco Group issued an update for investors regarding the impact of the coronavirus outbreak on their operations, stressing on their fundamentals remaining strong, but warning that the overall negative effect due to the Italian lockdown remained unknown. Keep Investors Informed The sports betting and interactive gaming technology company, Newgioco Group, reported that they have already […]
Business
March 11, 2020
The US Casino Industry Is Bracing For COVID-19 Impact
The gambling industry is monitoring the global situation with the outbreak of coronavirus /Covid-19/, warning that 2020 outlook for the business is in the sphere of the unknown, while the U.S. Mecca in the casino industry, Las Vegas, is bracing for the impact from the virus. Fear Of The Unknown Anxiety prevails as everyone who […]
Business
March 10, 2020
Playtech’s Italy Retail Betting Business Temporarily Shut Down
Snaitech betting retail shops across Italy have been shut down, Playtech reported yesterday, as the global online gaming software supplier had to comply with the coronavirus spread mitigation measures, undertaken by the Italian government. The shops will remain closed until April 3. Italy Under Lockdown After Italian Prime Minister Giuseppe Conte essentially had placed the […]
Business
March 8, 2020
FOI: UK Gambling Commission Financial Sanctions Spending Evaluation
According to the results from a freedom of information request /FOI/ submitted to the UK Gambling Commission by the Gambling Business Group /GBG/, the strategic voice of the gaming industry, the commission has collected a total of £58.9 million in financial sanctions and voluntary settlements from June 2014 to December 2019. Industry Is Seeking Transparency […]
Business
March 7, 2020
Casino Money In Louisiana Find Alternative Ways To Fund State Political Campaigns
Last year, Caesars Entertainment finally managed to extend the lease for their Harrah’s property in Lousiana for another 30 years. New Orleans Has Only One Casino, Harrah’s HB544 passed through the Senate to give rights to Caesars to operate the only land-based casino in New Orleans, Harrah’s, until 2054, after Caesars agreed to give the […]
Business
March 4, 2020
IGT Announces Fourth Quarter & 2019 Full Financial Results
International Game Technology /IGT/ has announced its fourth quarter and 2019 financial results for the year ending December 31, with Q4 for the UK-based company showing 1% drop in consolidated revenue, to $1.25 billion, year-on-year, with full 2019 revenue of $4.79 billion showing the same 1% fall compared to the 2018 number. “We achieved the […]