Gambling News 17th April, 2012

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INVESTORS SPOOKED BY PLAYTECH PLANS (Update)

17th April, 2012 at 13:32:21
Concerns at deals with the internet gambling software provider's main shareholder

The reaction to Playtech's announcement that it was to spend Euro 95 million on social gaming initiatives through acquisitions from its 48 percent main shareholder Teddy Sagi (see previous report) was not long in coming Tuesday.

Full Story: Investors Spooked By Playtech Plans (update) »

AUSTRIAN ONLINE GAMBLING ADVERT RESTRICTIONS CRITICISED

17th April, 2012 at 13:32:21
European Court of Justice AG comments

European Court of Justice Advocate General Mazak was critical of Austria's restrictions on internet gambling advertising this week, commenting that these are discriminatory and a potentially concealed total ban for cross-border advertising.

Full Story: Austrian Online Gambling Advert Restrictions Criticised »

BODOG UK LAYS OFF 70 EMPLOYEES

17th April, 2012 at 13:32:21
Is the Ayre empire contracting?

Reports on iGaming Suppliers and other information sites Tuesday indicate that the Bodog franchising operation in the UK is the latest in founder Calvin Ayre's business group to be restructured, reportedly with the loss of 70 UK jobs.

Full Story: Bodog Uk Lays Off 70 Employees »

LADBROKES ONLINE OVERWHELMED BY BETTING DEMAND

17th April, 2012 at 05:29:32
Grand National and epic football events temporarily slow down major bookie's payments

The British press is currently reporting that the Ladbrokes betting sites went down temporarily earlier this week on one of the busiest betting days of the year - the confluence of Grand National horse racing and the Scottish and English FA Cup football semi-finals.

Full Story: Ladbrokes Online Overwhelmed By Betting Demand »

ONLINE GAMBLING SOFTWARE PROVIDER GEARS UP FOR PREMIUM LISTING

17th April, 2012 at 05:29:32
Playtech plc gets its ducks in a row in preparation for the move to a premium listing on the main market of the London Stock Exchange

Staff at the headquarters of the internet gambling software developer Playtech plc (Playtech casino list) were hard at work this week laying the groundwork for the company's imminent move to a Premium Listing on the main market of the London Stock Exchange and its penetration of the burgeoning social gaming sector.

Full Story: Online Gambling Software Provider Gears Up For Premium Listing »

PLAYTECH PAYS OFF PTTS ACQUISITION EARLY (Update)

17th April, 2012 at 05:29:32
Online gambling software developer gets a Euro 4.2 million discount for early payment

The Playtech acquisition of PT Turnkey Services Limited (see previous reports) is to be finalised earlier than agreed with the payment of the remaining initial purchase price ahead of the agreed timeframe, in return for a Euro 4.2 million discount.

Full Story: Playtech Pays Off Ptts Acquisition Early (update) »

ANTIGUA PRESSURES UNITED STATES ON W.T.O. RULINGS (Update)

17th April, 2012 at 05:29:32
Island nation's prime minister meets with US trade official

Antigua and Barbuda prime minister Baldwin Spencer met last week with US Trade Representative Ron Kirk to discuss the islander's long-running internet gambling World Trade Organisation dispute with the Americans, reports the publication Caribarena this week.

Full Story: Antigua Pressures United States On W.t.o. Rulings (update) »