Gambling News 29th March, 2017

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BRITAIN'S UPPER HOUSE TO VOTE ON HORSE RACING LEVY TODAY (Update)

29th March, 2017 at 19:48:16
Horse racing industry could benefit to the tune of GBP 30 million from changes that include online operators.

Britain's controversial horse racing levy on bookmaking firms will be in the news again tomorrow (Thursday) following a vote in the House of Lords tonight on a measure that could deliver another GBP 30 million to the industry by pulling in online sports betting operators.

Full Story: Britain's Upper House To Vote On Horse Racing Levy Today (update) »

MPN FLAGS MALTA TOURNAMENT

29th March, 2017 at 19:48:16
Euro 150,000 guaranteed prize pool.

Microgaming has flagged its second MPN Poker Tour festival for 2017, which will take place at the Casino Malta from 27

Full Story: Mpn Flags Malta Tournament »

SPAIN'S ONLINE GAMBLING MARKET HAS A SOUND FUTURE

29th March, 2017 at 19:48:16
Analyst says sector likely to deliver Euro 500 million in Revenues in 2017.

The Spanish online gambling market is alive and well and set to deliver revenues of Euro 500 million this year, says Ficom analyst Eduardo Morales Hermo. That represents a Euro 100 million improvement on the Euro 400 million GGR generated in 2016, a year ion which overall turnover topped Euro 10 billion for the first time (see previous reports).

Full Story: Spain's Online Gambling Market Has A Sound Future »

SWEDISH GOVERNMENT'S ONLINE GAMBLING STUDY GROUP TO DELIVER FINDINGS THIS WEEK (Update)

29th March, 2017 at 19:48:16
Reliable sources tell Reuters news agency that the investigating panel is likely to advise the scrapping of the monopoly system.

Quoting reliable and knowledgeable sources Wednesday, the Reuters news agency reported that the panel tasked by the Swedish government to investigate and report on online gambling is set to deliver its report this week, and that it will recommend that the state gambling monopoly be radically changed to a system where online gambling companies can apply for licensing and pay taxes in a regulated market.

Full Story: Swedish Government's Online Gambling Study Group To Deliver Findings This Week (update) »

ATTEMPT TO STIFLE GAMBLING ADVERTS IN AUSTRALIA FAILS (Update)

29th March, 2017 at 19:48:16
Xenophon private member's bill rejected by Senate Estimates Committee.

Threats by Australian anti-gambling independent Senator Nick Xenophon to ban gambling advertisements during sports broadcasts came to nought today when his private member's bill was rejected by the Senate Estimates Committee, where the Coalition and Labor members recommended against the Xenophon reforms.

Full Story: Attempt To Stifle Gambling Adverts In Australia Fails (update) »

NEKTAN IN DISTRIBUTION DEAL WITH HIGH 5 GAMES

29th March, 2017 at 15:16:22
Significant development for Nektan.

B2B gaming solution and services provider Nektan has entered into an agreement with High 5 Games (H5G) under which it will exclusively distribute the developer's real money gaming content in Europe and assume responsibility for the management of H5G's technology and games.

Full Story: Nektan In Distribution Deal With High 5 Games »

MICROGAMING PLAYING IT FORWARD AGAIN

29th March, 2017 at 15:16:22
Charity tournament benefits numerous charities across the globe.

The inaugural charity poker tournament laid on by the MPN, on board a luxury super yacht moored adjacent to the ExCeL Centre during the ICE Totally Gaming 2017 exhibition last month, has benefited numerous charities through Microgaming's Play It Forward initiative.

Full Story: Microgaming Playing It Forward Again »

IGT IN CROSS-LICENSING DEAL WITH INCREDIBLE TECHNOLOGIES

29th March, 2017 at 15:16:22
Emerging Class-III casino games developer.

IGT has entered into a a patent cross-licensing agreement with Incredible Technologies, Inc. (Incredible), an emerging Class-III gaming manufacturer focused on delivering video slot, poker and keno content to the casino floor.

Full Story: Igt In Cross-licensing Deal With Incredible Technologies »

UK COURT GREENLIGHTS BETSSON'S NETPLAY ACQUISITION (Update)

29th March, 2017 at 15:16:22
Deal expected to complete later this week.

The High Court of Justice in the UK has sanctioned Betsson AB's GBP 26.4 million cash offer for all of NetPlay TV plc shares, satisfying the conditions needed for the completion of the deal.

Full Story: Uk Court Greenlights Betsson's Netplay Acquisition (update) »

SPORTECH FULL YEAR 2016 RESULTS

29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.

Sportech plc's full year 2016 report reflected what the Board described as a "transformational period" which it believes positions the company for future growth and increased value for its shareholders.

Full Story: Sportech Full Year 2016 Results »

NETENT DELIVERS ROBUST FULL YEAR RESULTS

29th March, 2017 at 15:16:22
UK becomes largest geographical market for the first time in December.

As anticipated NetEnt delivered another robust set of results for the full year 2016 period with a series of all time highs in terms of revenues, earnings and cash flow.

Full Story: Netent Delivers Robust Full Year Results »

BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING

29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.

According to reports in China's state media the government is planning a major clampdown on attempts by foreign land casino operators to lure high rolling Chinese punters to their casinos, and on the growing problem of illegal online gambling on the mainland.

Full Story: Blitz On The Way For Chinese Online Gambling »

EUROPEAN ONLINE GAMBLING GROWTH CONTINUED IN 2016

29th March, 2017 at 08:27:22
Researchers estimate revenues climbed 6.6 percent.

Respected online gambling research group Eilers and Krejick say that online gambling revenues in Europe grew by 6.6 percent year-on-year despite restrictions in Portugal, Poland and the Czech Republic, which spokesman Adam Krejcik said cost operators around Euro 500 million.

Full Story: European Online Gambling Growth Continued In 2016 »