Gambling News 25th November, 2016

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NEW B2B INITIATIVE LAUNCHED BY CHERRY GROUP

25th November, 2016 at 22:49:59
Technical innovation the goal for XCaliber new business area.

Swedish gambling group Cherry announced the launch Friday of a new fully independent gaming technology B2B business area called XCaliber, which it described in a company statement as a centre of technical gaming innovation and services.

Full Story: New B2b Initiative Launched By Cherry Group »

E-SPORTS PLATFORM DEVELOPER LISTS ON THE AUSTRALIAN STOCK EXCHANGE

25th November, 2016 at 22:49:59
Focus on the Asia Pacific market motivates eSports Mogul.

A new company has listed on the Australian Stock Exchange at 3 cents a share with a mission to develop a subscription-based eSports gaming platform and take advantage of the booming market for the genre, which it claims is currently worth A$1.6 billion.

Full Story: E-sports Platform Developer Lists On The Australian Stock Exchange »

VALVE SURVIVES CLASS ACTION ON SKIN GAMBLING (Update)

25th November, 2016 at 22:49:59
But the intention of the Washington State Gambling Commission remains unclear.

The eSports furore earlier this year over gambling with skins obtained from Valve's Steam site and wagered online through third party sites (see previous reports) culminated in a class action against Valve which has been dismissed by a federal judge in the Western District of Washington.

Full Story: Valve Survives Class Action On Skin Gambling (update) »

AUSTRALIAN STATE AND FEDERAL MINISTERS BACK NEW ONLINE GAMBLING CONTROL MEASURES (Update)

25th November, 2016 at 22:49:59
Melbourne meeting endorses initiative based on O'Farrell review of the Interactive Gaming Act.

Friday's meeting in Melbourne of Australian state and federal ministers under the chairmanship of federal Human Services Minister Alan Tudge (see previous report) concluded in support for the wide-ranging tightened control of online gambling across the nation.

Full Story: Australian State And Federal Ministers Back New Online Gambling Control Measures (update) »

AMAYA ACQUISITION LATEST: BAAZOV AMENDS S.E.C. FILING (Update)

25th November, 2016 at 22:49:59
Another source of finance removed from offer.

David Baazov's multi-billion dollar attempt to acquire the Amaya online gambling group (see previous reports) continues to intrigue.

Full Story: Amaya Acquisition Latest: Baazov Amends S.e.c. Filing (update) »

R.G.A. CHIEF URGES MORE COORDINATION ON GOVERNMENT CONSULTATIONS

25th November, 2016 at 22:49:59
"Consultation overload" is taking up time and effort.

Clive Hawkswood, the outspoken chief executive of industry trade body the Remote Gaming Association, expressed frustration this week at what he termed the "consultation overload" created by government in seeking opinions on various gaming-related issues.

Full Story: R.g.a. Chief Urges More Coordination On Government Consultations »

SOUTH AUSTRALIAN BETTING TAX PROPOSAL TO BE DISCUSSED TODAY (Update)

25th November, 2016 at 06:01:59
Treasurer Tom Koutsantonis will brief state and federal ministers.

The South Australia Treasurer, Tom Koutsantonis, will take his controversial new betting tax proposal a step further today (Friday) when he briefs a meeting of federal and state ministers in Melbourne chaired by federal Minister for Human Services Alan Tudge.

Full Story: South Australian Betting Tax Proposal To Be Discussed Today (update) »

NORWEGIAN SOFTWARE FIRM EXITS RUSSIA

25th November, 2016 at 06:01:59
Norwegian browser developer cites drop in Russian revenue for departure, but is there a deeper issue?

Opera, the Norwegian browser developer, has announced that it is to shut down its Russian office at the end of November, citing poor revenues from the operation. However, there may be deeper reasons for the rather hurried exit.

Full Story: Norwegian Software Firm Exits Russia »

TABCORP BUILDING SHAREHOLDING IN TATTS AS MERGER TALKS CONTINUE

25th November, 2016 at 06:01:59
Aussie gambling giant buys another ten percent of Tatts as A$11 billion merger gathers momentum.

Australian reports Friday indicate that Tabcorp has purchased a 10 percent stake in Tatts as the two companies further develop their planned "merger of equals" (see previous reports.)

Full Story: Tabcorp Building Shareholding In Tatts As Merger Talks Continue »

BETTING EXPERT EXITS RUSSIAN MARKET FOLLOWING SITE BLOCK

25th November, 2016 at 06:01:59
Social sports betting network fall foul of regulator Roskomnadzor.

Russian regulatory interference in the form of a mid-2016 site block imposed by Russian internet regulator Roskomnadzor has prompted social sports betting network BettingExpert to fold its tents and depart come the end of November, according to a Twitter advisory Thursday.

Full Story: Betting Expert Exits Russian Market Following Site Block »

INSPIRED - PARADISE COLLABORATION WILL BRING VIRTUAL SPORTS TO MACAU

25th November, 2016 at 06:01:59
Paradise subsidiary LT Game intends to be live with product between second and third quarter of 2017.

UK virtual sports technology and content provider Inspired Group, in collaboration with Hong Kong-based Paradise Entertainment and its subsidiary LT Game, will spearhead the introduction of virtual sports in Macau casinos between the second and third quarters of 2017, the companies confirmed this week.

Full Story: Inspired - Paradise Collaboration Will Bring Virtual Sports To Macau »

MASSIVE CHINESE ARRESTS IN PHILIPPINES

25th November, 2016 at 06:01:59
Over 1,200 Chinese nationals reported detained at a resort and casino complex north of Manila.

Media reports from the Philippines Friday have recorded the arrest of more 1,200 Chinese nationals suspected to be working illegally for online gambling operators at a resort and casino complex north of Manila.

Full Story: Massive Chinese Arrests In Philippines »