Gambling News 28th May, 2015

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SPORTECH SELLS OFF ITS STAKE IN NYX J.V.

28th May, 2015 at 20:47:06
GBP 12 million the price tag.

Sportech plc announced Thursday that it has agreed to sell its stake in a 50-50 venture with NYX Gaming to its partner in the social gaming joint venture for GBP 12 million.

Full Story: Sportech Sells Off Its Stake In Nyx J.v. »

ISLE OF MAN AND NETHERLANDS REGULATORS SET TO SIGN M.O.U.

28th May, 2015 at 20:47:06
Letter of intent between two bodies expresses wish to collaborate.

The Isle of Man Gambling Supervision Commission and the Netherlands Gaming Authority have signed a Letter of Intent expressing a mutual wish to enter into a Memorandum of Understanding once online gambling has been legalised under the Gaming and Betting Act in The Netherlands.

Full Story: Isle Of Man And Netherlands Regulators Set To Sign M.o.u. »

S.A. POLITICIAN CONTINUES TO FIGHT FOR LEGALISED ONLINE GAMBLING

28th May, 2015 at 20:47:06
But the government remains opposed to the idea.

South African MP and member of the official opposition, Geordin Hill-Lewis, is nothing if not determined and is taking another run at legalising online gambling with a private member's bill despite government's avowed opposition to the concept.

Full Story: S.a. Politician Continues To Fight For Legalised Online Gambling »

U.S. ONLINE GAMBLING HAS GREAT POTENTIAL, SAY EXPERTS

28th May, 2015 at 11:11:09
Despite challenges, improvements are taking place conference delegates are told.

The East Coast Gaming Congress in Atlantic City opened this week with a panel discussion on internet gambling in which delegates were told great potential exists despite current challenges that include political uncertainty, difficulties with credit card companies and opposition from a reactionary land casino mogul with money to burn.

Full Story: U.s. Online Gambling Has Great Potential, Say Experts »

ITALIANS HAMMER ILLEGAL ONLINE GAMBLING OPERATORS

28th May, 2015 at 11:11:09
Latest regulator report details blocks on 5,200 unlawful websites.

The Italian regulator Agenzia delle Dogane e dei Monopoli's latest report illustrates that illegal activity in the Italian online gambling market is an increasingly hazardous and risky business.

Full Story: Italians Hammer Illegal Online Gambling Operators »

PENNSYLVANIA POLITICIANS MAKE A CASE FOR LEGALISED ONLINE GAMBLING

28th May, 2015 at 11:11:09
Op-ed in state publication lays out the benefits of a regulatory regime.

Pennsylvania Representatives John Payne and Nick Kotik, strong supporters of legalised online gambling in their state, used the publication PennLive.com to lay out the benefits of online gambling legalisation in an op-ed piece this week.

Full Story: Pennsylvania Politicians Make A Case For Legalised Online Gambling »

GLOBAL GAMBLING REVENUESPASSED $450 BILLION IN 2014

28th May, 2015 at 11:11:09
New GBGC study shows market grew by 3.2 percent.

The tenth and latest Global Gambling Report from the Isle of Man-based consultancy Global Betting and Gaming, claims that global gambling revenues surpassed US $450 billion in 2014, growing 3.2 percent compared to the previous year.

Full Story: Global Gambling Revenuespassed $450 Billion In 2014 »

ONLINE PAYMENTS FIRM ACQUIRES MONTREAL MOBILE WALLET COMPANY

28th May, 2015 at 11:11:09
Optimal Payments buys FANS Entertainment Inc. for Cdn$16 million.

Online financial transactions provider Optimal Payments plc has announced the acquisition of Montreal-based mobile platform developer FANS Entertainment Inc. for a consideration of Cdn$16 million.

Full Story: Online Payments Firm Acquires Montreal Mobile Wallet Company »

BETFAIR APPOINTS NEW EXECUTIVE DIRECTOR

28th May, 2015 at 11:11:09
Chief Operating Officer Mark Brooker appointed to the Board.

The listed British online gambling group Betfair plc has announced the appointment of chief operating officer, Mark Brooker, to the Board as an executive director, effective June 1 2015.

Full Story: Betfair Appoints New Executive Director »