Gambling News 06th December, 2016

The news service here at azonlinecasinos.com provides content from respected news sources across the gaming industry. The news is sourced from dedicated reporters responsible for gathering content across related verticals, including current news on gamblibg legislation, land-based gambling, games development, software licensing, casino, bingo and sports/bookmaker news. For specific poker news, check out the Bluffed Poker website.

The news is updated instantly on the website or in the case of third party news items, within minutes of the report being received to our dedicated Newscenter mailbox. There is also an RSS feed containing all new stories.

For more information, please contact the news editor by telephone on (UK) +44 845 833 0462 (9am - 5pm GMT) or by email to editor [a@t] azonlinecasinos .com with any queries. * Please do not use this email address for advertising requests * (see contact page).

ONLINE GAMBLING STILL MAKING STRONG CONTRIBUTION TO THE MALTA ECONOMY

06th December, 2016 at 21:49:39
Gaming sector generated Euro 700 million in 2015; government collected over Euro 55 million in tax.

Answering a question in the Malta parliament Tuesday, Emmanuel Mallia, the Minister for Digital Economy on the Mediterranean island and online gambling hub revealed that the government expects the online gambling industry to generate tax revenues of Euro 56.7 million in 2016, up from Euro 55.8 million last year

Full Story: Online Gambling Still Making Strong Contribution To The Malta Economy »

MAJOR AMAYA INVESTOR CRITICAL OF BAAZOV ACQUISITION OFFER (Update)

06th December, 2016 at 21:49:39
Jason Ader's SpringOwl Asset Management complains to Amaya board on a range of issues.

David Baazov's intriguing attempt to acquire the Amaya Group (see previous reports) may have been complicated by the leak of a highly critical letter from major shareholder Jason Ader's SpringOwl Asset Management.

Full Story: Major Amaya Investor Critical Of Baazov Acquisition Offer (update) »

PLAYTECH TO BUY BACK EURO 50 MILLION IN SHARES

06th December, 2016 at 15:15:59
Decision reflects group's continued confidence in the growth and prospects of the business and its high cash generation.

The Playtech plc group, which comprises both online gambling and financial services elements, announced Tuesday that it intends to buy back up to Euro 50 million of its shares.

Full Story: Playtech To Buy Back Euro 50 Million In Shares »

BRITAIN'S FINANCIAL CONDUCT AUTHORITY TO TIGHTEN SPREAD BETTING CONTROLS

06th December, 2016 at 15:15:59
Decision comes on the heels of research showing that 82 percent of clients have lost money.

The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Full Story: Britain's Financial Conduct Authority To Tighten Spread Betting Controls »

KENYA PARLIAMENT REVIEWING GAMBLING REGULATORY CHANGES

06th December, 2016 at 15:15:59
Amendments will most likely focus on better advertising and promotion controls.

Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Full Story: Kenya Parliament Reviewing Gambling Regulatory Changes »

UNIBET NAME CHANGE TO KINDRED PLC APPROVED BY SHAREHOLDERS

06th December, 2016 at 15:15:59
December 12 2016 will be the first day of trading for Kindred Group plc.

Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Full Story: Unibet Name Change To Kindred Plc Approved By Shareholders »

NEVADA A.G. AT ODDS WITH GOVERNOR AND REGULATOR OVER ONLINE GAMBLING (Update)

06th December, 2016 at 09:22:42
Laxalt learns that for every action there's a reaction.

Nevada Attorney General Adam Laxalt's active support for a petition signed by 10 state AGs asking the incoming Trump administration for a Wire Act resurrection and a federal ban on internet gambling (see previous reports) has clearly irritated his state's governor and chief regulator, judging by a report in a Ralston Report article Monday.

Full Story: Nevada A.g. At Odds With Governor And Regulator Over Online Gambling (update) »

PHILIPPINES POLICE CANNOT PURSUE JACK LAM INTERNATIONALLY WITHOUT A WARRANT (Update)

06th December, 2016 at 09:22:42
Duterte's police chief says extradition not possible without charges and an arrest warrant.

The Philippines police chief, General Ronald Dela Rosa has responded to media queries on whether his men will pursue Macau-based casino mogul Jack Lam following his departure from the Philippines last week after being accused of bribery and harbouring illegal Chinese workers (see previous reports).

Full Story: Philippines Police Cannot Pursue Jack Lam Internationally Without A Warrant (update) »

WHO IS BEHIND THE MICHIGAN REPORT ON CASINO CANNIBALISATION?

06th December, 2016 at 09:22:42
Local research relies on a five year old (and since corrected) report on the impact on land casinos of online gambling.

A Michigan political lobbying firm, McAlvey Merchant Associates, has reportedly commissioned a research report titled "Potential impact of online gambling on commercial casino revenue," from small local company Meloria Solutions for reasons that are not entirely clear and for an as yet unknown client.

Full Story: Who Is Behind The Michigan Report On Casino Cannibalisation? »

ANOTHER BIG ENGLISH FOOTBALL SPONSORSHIP IN PROSPECT FOR KENYAN FIRM?

06th December, 2016 at 09:22:42
Reports that Kenya's SportPesa is negotiating a major sponsorship deal with Everton.

The Kenyan retail and online sports betting firm SportPesa is in the football sponsorship headlines again just days after news that it has inked a multi-million pound partnership with Hull City FC (see previous report).

Full Story: Another Big English Football Sponsorship In Prospect For Kenyan Firm? »

SENTENCING HANDED DOWN IN MASSIVE VIETNAMESE ONLINE GAMBLING BUST (Update)

06th December, 2016 at 09:22:42
People's Court of HCM City finds ringleaders of US$28.7 million online sports betting ring guilty.

The People's Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

Full Story: Sentencing Handed Down In Massive Vietnamese Online Gambling Bust (update) »