Posts From: July 2018

Penn National Plans to roll out sports betting by football season

Casino and track owner Penn National Gaming Inc. reported a spike in income from operations in announcing financial results July 26 for the three months ended June 30. CEO Timothy J....

Business News
EGT INTERACTIVE returns from IGB Live

With great excitement, EGT Interactive is getting back from one of the most important events in the industry and a major milestone for the business – iGB Live! In Amsterdam....

Business News
Interwetten implements a new approach to player conversion during the World Cup

Interwetten recognised pioneer in the sports betting market has announced the roll out of Wiraya’s Mobile Customer Activation Solution across Germany, Austria and Switzerland, combining a personal yet automated approach...

Business News
Playtech increases Snaitech’s share of capital

The stake held by Playtech in Snaitech’s capital rose to 96.5 percent .  This was announced by the Israeli company issued at the end of the acceptance period of the Mandatory Public Purchase...

Business News
Bookmakers could be set for £1 billion VAT refund

Betfred filed a case against the HM Revenue & Customs (HMRC) alleging that the company was overcharged on Fixed Odds Betting Terminals (FOBTs) from 2005 and 2013. Betfred argued that...

Business News
Expert on International Sports Corruption Gambling Joins University of New Haven

The University of New Haven today announced that Declan Hill, one of the world’s leading experts on match fixing and sports integrity, will join the faculty as an associate professor. Effective Aug. 1, Hill...

Business News
Kambi revenues up 25%

Kambi reported a 25% increase in revenues to €17.6m (£15.6m). Operating profit (EBIT) for the second quarter of 2018 was €2.4 (0.3) million. Profit after Tax amounted to €1.7 (0.1)...

Business News
Catena Media acquire LeapRate.com

Catena Media is acquiring leading Forex Exchange news portal LeapRate.com. Through this acquisition, Catena Media extends its lead in the financial vertical and in FX trading, primarily in the US,...

Business News
Kindred Group enjoys World Cup results

The World Cup provided a significant all-time high in customer activity and continued strong organic growth, and unexpected results led to a sportsbook margin of 8.2 per cent after free...

Business News
Quebec Court rules against ISP blocking of online gaming sites

The Quebec Superior Court has ruled that the provincial rules creating a mandated ISP blocking system for unlicensed online gambling sites is unconstitutional. The provincial government introduced the rules in 2015, which create...

Business News