Gambling News 01st April, 2016

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GREEK GAMBLING GROUP OPAP REPORTS FULL YEAR GROWTH

01st April, 2016 at 15:53:39
Despite regulatory and tax "restrictions and uncertainties" group recorded 1.6 percent growth in GGR.

The Greek online and land gambling group OPAP has posted its FY-2015 numbers, noting that despite regulatory and tax "restrictions and uncertainties" the company recorded 1.6 percent growth in GGR to Euro 1.4 billion on wagers of Euro 4.3 billion, with the pay-out percentage flat at 67.1 percent.

Full Story: Greek Gambling Group Opap Reports Full Year Growth »

MYBET SUSTAINS FULL YEAR 2015 LOSSES

01st April, 2016 at 15:53:39
Online gambling group experiences lower activity in sports betting, poker and casino, but horserace wagering was up.

Online gambling group Mybet has posted a significant FY-2015 loss, with net profit of Euro 215,000 in 2014 developing into a loss of Euro 8 million this year following an "array of challenges."

Full Story: Mybet Sustains Full Year 2015 Losses »

INDIAN TESTING AGENCY SECURES U.K. GAMBLING COMMISSION APPROVAL

01st April, 2016 at 15:53:39
Independent software quality specialist accredited as a tesing agency for the UK market.

The Pune, India and London-based independent testing company SQS has announced its successful approval by the UK Gambling Commission.

Full Story: Indian Testing Agency Secures U.k. Gambling Commission Approval »

THAI POLICE ARREST 16 IN BANGKOK ONLINE GAMBLING RAIDS

01st April, 2016 at 08:19:38
50 computers seized in police action.

The police in Bangkok reported Friday that raids across 18 locations in the city have resulted in the shutdown of online gambling activities, the arrest of 16 people and the confiscation of 50 computers and other evidence.

Full Story: Thai Police Arrest 16 In Bangkok Online Gambling Raids »

CLASS ACTION FILED AGAINST AMAYA INC. EXECUTIVES

01st April, 2016 at 08:19:38
Case filed in the Southern District of New York names CEO and chairman David Baazov and CFO Daniel Sebag.

The already troublesome legal hassles facing Amaya as a result of insider trading charges against its CEO and chairman David Baazov and alleged associates (see previous reports) increased late Thursday as news broke that a class action against Baazov and chief financial officer Daniel Sebag had been filed in the Southern District of New York.

Full Story: Class Action Filed Against Amaya Inc. Executives »

MORE DETAILS EMERGE ON THE ITALIAN ONLINE GAMBLING BUSTS (Update)

01st April, 2016 at 08:19:38
Websites named, but operators claim no association with organised crime.

More details - specifically the online gambling websites involved - have become available on the Italian police "Operaton Jamm Jamm" action against alleged organised crime elements in Salerno (see previous report).

Full Story: More Details Emerge On The Italian Online Gambling Busts (update) »

MACAU GAMBLING REVENUE TUMBLES AGAIN IN MARCH

01st April, 2016 at 08:19:38
Revenue slump continues with 16.3 percent drop.

Official March 2016 figures from Macau's Gaming Inspection and Coordination Bureau, show continued decline in revenues which were down 16.3 percent at 18 billion patacas ($2.3 billion), marking 22 consecutive months of decreasing revenues.

Full Story: Macau Gambling Revenue Tumbles Again In March »