The £3.6bn takeover of UK bookmaker Ladbrokes Coral by online gambling group GVC has hit a snag today as talks between the two companies broke down. This is the second time that the firm have attempted to buy Ladbrokes Coral after holding takeover discussions in December 2016, which broke down due to a disagreement regarding…
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Paysafe Group has finalised its previously announced acquisition of Delta Card Services, the holding company for US-based payment processor Merchants’ Choice Payment Solutions (MCPS). In July, Paysafe announced that it had agreed a deal to acquire Delta for $470m (€398.5m). At the time, Paysafe said the consideration is payable in cash and will be funded by a…
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PokerStars has opted to relaunch its ‘PokerStars Play’ social gaming service in select markets around the world. The platform features a selection of poker variants such as Texas Hold’em and Spin and Go, as well as a range of slot games, with users able to compete against professional poker players and enter tournaments. The revamped…
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Catena Media has reported year-on-year growth across various key financials during the second quarter, while also experiencing a hike in new depositing customers. Revenue during the six months to June 30 came in at €15.1m ($17.7m), up 58% on the corresponding period last year. Operating profit climbed from €5.1m to €5.4m, while adjusted operating profit,…
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A review board in New South Wales has recommended that a mandatory investigation into the activities of the state’s casino licensees be scrapped, according to reports in the local press. The review was commissioned following government approval of Crown Resorts proposal to build a A$2bn integrated resort in Sydney’s Barangaroo precinct. It calls for the…
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The American Gaming Association (AGA) has issued an updated and modernised code of conduct on responsible gaming, following the success of its 2017 responsible gaming week. Its updated codes includes provisions on employee assistance and training, alcohol service, the provision of casino games in person and online, and casino gambling advertising and marketing.
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Revenue generated by New Jersey’s online casinos rose to over $600m in total since their legalisation in November 2013. The month of July saw New Jersey’s online casinos create over $3.6m in tax revenue, while the introduction of two new online operators, playMGM and Scores, helped to see gross profits in the month rise up…
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Czech Republic.- European authorities have announced major crackdown on illegal gaming operations as unlicensed platforms have been blocked in Poland, Slovakia and Czech Republic. Under recently approved regulations, three administrations decided to introduce ISP blocking to end unauthorised gaming operations. Although ISP blocking has been criticised by internet, the European governments are reinforcing the legal…
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Cyprus is experiencing nothing short of a tourism revolution. And, the gaming industry is leading it. Casinos have become one of the island’s major providers as a part of the new tourism strategy which aims to double visitor arrivals, triple its revenue and attract over €20bn of investment by 2030. The hospitality sector is undergoing…
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Reference is made to the White Paper published on 12 July 2017 by the Malta Gaming Authority, proposing major reforms to Malta’s Gaming Legal Framework. The MGA is hereby advising interested parties that the consultation period is being extended from Wednesday 23 August 2017 to close of business on Monday 4 September 2017.
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