Blockchain-based online gambling platform LetBet is the latest company to tap into the hype surrounding cryptocurrency, as it takes the first steps to unveil its own digital currency, entitled LBT. The new currency has been touted as a solution to the delayed payout systems of traditional gambling sites, as well as a way to remove the third party element, and …
Read More »Michael Lawson
Long-awaited Italian online gaming licenses now available
120 Italian gaming licenses have been made available on a first come first served basis. Legislators have launched a bidding process, with around 40 licenses expected to be issued to operators already present in the country’s gaming market looking to renew existing licenses. Operators will be able to apply for licences in a number of gambling activities, such as sports …
Read More »Ladbrokes extends SPFL sponsorship to 2020 with bumper deal
Ladbrokes has opted to extend its sponsorship of the Scottish Professional Football League (SPFL) to 2020, giving the Scottish football divisions a welcome cash boost. The deal is believed to be worth £5 million, with the betting brand also agreeing to up its investment in the leagues. The original deal, signed in 2015, was the most lucrative in Scottish football …
Read More »Happy Pay boosts jackpots with RISQ deal
London-based tech firm RISQ has announced a new deal with Happy Pay that will boost the jackpots of the game developer up to a record level of £25 million. RISQ’s insurance-backed solution enables the creation of non-networked prizes across a wide range of game types and channels. Since launching with RISQ at the start of January, Happy Pay’s operating partners have …
Read More »Genting enhances Responsible Gambling credentials with SlotGuru partnership
UK casino operator Genting Casinos has announced a partnership with slots education app SlotGuru. The deal, in place until March, will see Genting actively promote SlotGuru throughout all of its 39 casinos, as a method of educating players and enhancing its Responsible Gambling initiatives. SlotGuru is a multi-functional mobile application that takes the guesswork out of playing slots. It provides players with …
Read More »Favourable Budget Law gives Italian horse racing new hope
After decades of decline, Italian horse racing has been thrown a lifeline in the form of the country’s latest Budget Law. Most notably, the turnover-based tax regime that has been so detrimental has been replaced by a new gross gaming revenue (GGR) tax. The GGR tax regime for horse racing is based on that already implemented in the sports betting …
Read More »FanDuel promotes Andy Giancamilli to COO
Daily fantasy sports (DFS) operator FanDuel has announced the appointment of Andy Giancamilli as new Chief Operating Officer. Originally joining the firm in 2015, Giancamilli will continue with his role as Chief Financial Officer. He will oversee FanDuel’s product and product operations teams in addition to overseeing financial operations, corporate financing, and company strategy. Giancamilli said: “There is incredible momentum across …
Read More »LetBet aims big with online betting-focused cryptocurrency
Belize-based firm LetBet is the latest to offer a cryptocurrency aimed specifically at online gambling. Entitled LBT, the new blockchain-powered currency has been touted as a solution to the delayed payout systems of traditional gambling sites, as well as a way to remove the third party element. Online platforms such as LetBet are attempting to usher in the transition from …
Read More »Sicilian racecourse closes after mafia race fixing discovery
All horse races have been suspended at the Hipódromo Argentino de Palermo race track in Sicily, after police investigating mafia activity discovered evidence of illegal gambling and organised crime bosses rigging races. Italian police made 25 arrests linked to the mafia clans of Resuttana-San Lorenzo last month, with the extent of mafia involvement in Sicilian racing emerging shortly after. Since …
Read More »Indiana latest state to consider legalising sports betting, despite being home of NCAA
A Republican representative from Indiana is the latest official to come out in favour of legalising sports betting in his home state, subject to a successful challenge by New Jersey in its ongoing US Supreme Court battle. State Representative Alan Morrison, who resides in the city of Terre Haute near Indiana’s western border with Illinois, told a local newspaper that …
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