Gambling News 01st October, 2016

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LOSSES PERSIST AT GAMEACCOUNT NETWORK

01st October, 2016 at 08:14:50
On the bright side, social casino activity is looking up.

On Friday Dermot Smurfit's GameAccount Network (GAN) business posted its H1-2016 numbers, reporting a net pre-tax loss of GBP 2.3 million - an improvement on the GBP 2.6 million it lost in the same period last year.

Full Story: Losses Persist At Gameaccount Network »

AMAZON SHOWS INCREASING INTEREST IN E-SPORTS

01st October, 2016 at 08:14:50
New eSports game includes the introduction of a virtual currency branded Stream+

Amazon subsidiary Amazon Game Studios has launched a new eSports free-to-play fighting game titled Breakaway that includes an in-game currency innovation branded Stream+ that can be used for wagering on streamed eSports games through an interactive system.

Full Story: Amazon Shows Increasing Interest In E-sports »

REPORTS THAT C.G. TECHNOLOGY IS TO PAY A $22.5 MILLION U.S. PENALTY

01st October, 2016 at 08:14:50
Blasts from the past as the Department of Justice lowers the boom on gambling group.

Blasts from the past like the Michael Colbert scandal, messenger betting, money laundering and allegations of miscalculated payments to customers and state authorities (see previous reports) all surfaced again in a Wall Street Journal article Friday claiming that Cantor Fitzgerald gambling subsidiary CG Technology has agreed to pay $22.5 million in penalties and forfeitures to settle US government probes.

Full Story: Reports That C.g. Technology Is To Pay A $22.5 Million U.s. Penalty »