Asia

500.com Ltd, the NYSE-listed online sports-lottery operator in China, has reported a 44% drop in operating profit and warning that ticket purchases may decline further this quarter. Founder, Chairman and Chief Executive Officer Man San Law commented: “We finished the year on a strong note with net revenues increasing 52.1% year-over-year. Total purchase amount during the quarter increased 63.7% from …

Ed Pownall, global PR director for Bodog Brand, believes there is mileage in being innovative, and that in-house product development can provide games with a bigger customer base. Speaking in the latest issue of Betting Business interactive, Pownall said differentiation is achievable even using ubiquitous slot games. He explained: “There has to be a balance between ‘parity products’ and ‘exclusive …

Platform provider FSB Technology (UK) Ltd has signed an agreement to supply Dafabet with a brand new sports betting site. The deal will see FSB trade a wide variety of sports, both pre-match and in-play, for the operator, including their market-leading horse racing product. The supplier’s business development director, Richard Thorp, said: “We’re delighted to have partnered with Dafabet, whose …

Scottish League One side Ayr United have agreed terms on an improved shirt sponsorship deal with the online gaming brand Bodog. The partnership is one of the longest partnerships in Scottish Football as the two team up fifth consecutive season. Bodog, which is also Official Asian Betting Partner with Arsenal FC, has seen Ayr make it to two cup semi …

Indian police have cracked down on a gambling racket that took bets on the outcome of elections, just as the people of Delhi were about to go to the polls to decide the make up of its governing Assembly. According to The Hindu news source, Noida Police swooped on Friday, arresting 17 people from Greater Noida’s Kulesara after a tip-off …

Football mega jackpots operator  Colossus Bets, has announced that it has signed an agreement with ONEworks for the distribution of Colossus Bets’ pools betting products. The agreement will see ONEworks integrating Colossus Bets pools into its platform and making those pools available to ONEworks licensees. Bernard Marantelli, Founder and CEO of Colossus Bets commented on the agreement: “We are delighted …

Singapore’s government is set to toughen its stance on unlicensed online gambling operators, as it introduces its Remote Gambling Act next Monday 2 February. The new set of laws approved by the country’s Ministry of Home Affairs (MHA) will target online payment transactions and ISP blocks to unauthorised online gambling websites. Singapore had first outlined severe amendments to its gambling …

More than 50 companies have shown interest in acquiring all or parts of failed forex and spread betting operator Alpari UK. London business news sources report that Alpari’s Japanese and Russian trading arms are of particular interest to potential buyers of the company. Alpari who entered administration under auditor KPMG on 20 January, hope that the takeover interest from buying …

Fire & Ice confirms leading Asian online gaming company Dafabet as one of the lead sponsors of its 14th annual Victorian-themed gala, to be held on 4th February 2015 at the Troxy London. Dafabet, a member of the AsianLogic Group, will host their annual celebration on the main floor of Fire & Ice inviting business partners, friends and VIP guests from the …

Barry Martin CEO of sports betting operator 666Bet has resigned from his position leading the UK betting market newcomers. The news of Martin’s decision to relinquish the operators CEO position was first reported by industry news source EGR Magazine on Friday 22 January. EGR Magazine reports that Martin has decided to take up a new consultancy role under KPI Gaming …