Gambling News 22nd March, 2011

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SLEW OF APRIL RELEASES FROM MICROGAMING

22nd March, 2011 at 14:01:23
New April game releases on Flash, Bingo and QuickFire platforms

Isle of Man-based online gaming software provider Microgaming has added a raft of new games on its Flash, Bingo and Quickfire platforms.

Full Story: Slew Of April Releases From Microgaming »

UK GAMBLING COMMISSION APPOINTS NEW CHAIRMAN (Update)

22nd March, 2011 at 14:01:23
Outgoing Ofcom Deputy Chairman will head up the Commission

Philip Graf has been named as the new Chairman of the UK Gambling Commission. The appointment includes the role of Chairman Designate of the future body to be created by the merge of the Gambling Commission and the National Lottery Commission (see previous reports). The appointment commences at the beginning of April 2011 and runs for five years.

Full Story: Uk Gambling Commission Appoints New Chairman (update) »

BETFRED ACQUIRES BUCKINGHAM BINGO ONLINE OPERATION

22nd March, 2011 at 14:01:23
BuckyBingo and BOGOFBingo bought for an undisclosed sum

UK-based sports betting firm Betfred announced the acquisition of online bingo brand BuckyBingo.com and sister brand BOGOFBingo.com for an undisclosed consideration this week.

Full Story: Betfred Acquires Buckingham Bingo Online Operation »

ILLEGAL INTERNET GAMBLING BUST IN ISRAEL

22nd March, 2011 at 14:01:23
"Deals in the millions of shekels" estimate Police

The Israel Nation News media service is reporting the arrest of fifteen people in the Lachish region on suspicion of money laundering and running illegal gambling on the internet with Police estimating "deals in the millions of shekels".

Full Story: Illegal Internet Gambling Bust In Israel »

CRYPTOLOGIC LOSSES CONTINUE

22nd March, 2011 at 02:54:04
Loss rate slows as severe cost cutting and restructuring takes hold.

Online gambling software provider Cryptologic's woes continued through 2010, the company's latest full year and Q4 results show, with the annual net loss in 2010 lower but still significant at $20.4 million (FY 2009: $35.5 million), probably due to the severe cost cutting and restructuring measures adopted by the company during the year.

Full Story: Cryptologic Losses Continue »