888 experienced a pre-tax loss in the first half of 2017 despite a 9% leap in revenues. The operator fell into the red after being hit for $50.8m over a record £7.8m ($10m/€8.5m) fine in the UK for failing to protect vulnerable customers and a potential tax bill in Germany. In a trading update, the…
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LeoVegas has become the latest major operator to announce it is withdrawing from the Australian market in response to new gambling regulations. Earlier this month, the Australian Senate moved to pass the Interactive Gambling Amendment Bill, which includes legislation that bans all remote operators from offering online poker and in-play sports betting to punters in…
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Ulrik Bengtsson will step down as president and CEO of Betsson AB with immediate effect after a decision on his departure was taken by the board of directors and Mr Bengtsson himself. No reason was given for this shock departure, with a company spokesman telling the Times of Malta that the board was happy with both Betsson’s…
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The government of Czech Republic has announced its plans to restrict online bonuses and free bets, citing concerns over alleged links between these promotions and problematic gambling. Last week, the Czech Ministry of Finance issued a document detailing its fears over operators’ bonuses, which it says induces customers to new gambling problems, and thus should…
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During a press conference addressed by the Malta Gaming Authority’s Executive Chairman, Joseph Cuschieri and the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, Hon. Silvio Schembri, the MGA announced the launch of a New Licensee Relationship Management System accessible through a secure and dedicated web portal. This project, which is the result of a collaboration between the MGA and…
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The UK Gambling Commission (UKGC) has said that the industry must do more to tackle issues related to problem gambling. The national regulatory body recently undertook a review of gambling across Great Britain, focusing on rates of participation, at-risk gambling and problem gambling, and explored the associated characteristics and behaviours. Tim Miller, executive director of…
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New Jersey has joined the expanding list of US states that have passed legislation that allows and regulates daily fantasy sports (DFS). State Governor Chris Christie signed bill A-3532 yesterday (Thursday), after it was given approval by the Senate back in June. New Jersey becomes the 16th state in the US to legalise DFS within…
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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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