Lawrence Ho Yau Lung’s  gambling investment firm Summit Ascent Holdings, has confirmed that its Russian casino complex has entered the final stage of construction, as the firm targets its opening on 28 August. The complex was due to open in April of this year, however Summit Ascent managment had pushed back the date due to encountering unexpected challenges. Summit Ascent alerted …

Japan Gaming Congress (JgC) dates confirmed as Japanese politicians prepare for casino debate Clarion Gaming has announced that the second Japan Gaming Congress (JgC) will take place in October in Tokyo, with the country’s politicians currently preparing to debate significant legislative changes for the industry. Confirmation of the event, which will take place from October 7-9, has come at an exciting …

Mobile sports device developer Chroma has appointed former Sportingbet CEO Andrew McIver as Non-Executive Director. In an independent role, McIver will oversee and advise on Chroma’s executive strategy, financial organisation and international expansion, drawing on his 30 years’ experience in the retail, sports and betting industries. Chroma creates and maintains mobile, web and tablet applications for leading sports rights holders, media …

The Zimbabwe government has stopped its processing of gambling/betting licenses amid fears of a surge in the nations gambling addiction. Its drastic actions regarding betting licensing have been granted approval by President Robert Mugabe and the Department of Home Affairs. Throughout 2014 and 2015 Zimbabwe ministers have demonstrated concerns regarding the number of new and existing bookmakers targeting the country’s …

Following its Annual General Meeting (AGM), the Board of  Directors at Cherry AB  has appointed Fredrik Burvall as new CEO and President of the Cherry group with immediate effect. Fredrik Burvall has been employed by the company since 2006 as Vice President and CFO and since December 2014 he has been the acting CEO and President of the group. Commenting …

Takeover target bwin.party entertainment has continued its corporate performance struggles into 2015, reporting a 6% year-on-year decrease in revenues to €155 million (Q1 2014: 166 million). The operator’s group performance had been impacted by an unfavourable set of European football results recorded throughout the industry, combined with further declining performances on its online casino and poker verticals Positives saw bwin.party …

Rank Group Plc governance has stated that it is confident that the company will hit 2015 performance targets having recorded a strong opening 20 week period for 2015.Rank Group announced that like-for-like revenue for the 20 weeks to 17 May 2015 has grown by 5%, with total revenue up 4%. Its Grosvenor Casino (retail) operations had recorded a 5% rise …

Ladbrokes continues to re-structure its senior management with the promotion of Head of Mobile Dipen Nagda to Head of Digital Products. Dipen who takes over digital product strategy will report to new Digital Director Andrew Bagguley. A mobile focused professional, Nagda re-joined Ladbrokes in 2012 as Mobile Sportsbook Product Owner, were he undertook an overhaul of the operators mobile strategy, reversing the …

Racecourse Media Group (RMG) and Arena Racing Company (ARC) have announced that both racecourse groups intend to create a single production centre to benefit the horseracing and betting industries.The new joint venture will provide pictures and data for organisations, who wish to broadcast coverage of British racing. The joint venture will ensure costs of production can be shared and efficiencies …

Clarion Events has announced that EiG (Excellence in iGaming) will return to Berlin in October, with mergers, acquisitions and consolidation set to be high up on the agenda. EiG 2015, which will run from October 20-22 at Arena Berlin, will serve as a platform for debate surrounding the evolving iGaming sector, with the confirmation this week of multiple bids for bwin.party having …