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Industry affiliate Bookmaker Ratings has issued a detailed breakdown and analysis of the current state of play for the Russian betting sector. Partnering with Russian market research company Romir, Bookmaker Ratings estimates the Russian betting sector to be worth around the RUB 677 billion mark circa $11 billion at current exchange rate value. The affiliate details that Russian betting is …

Poker legend Phil Ivey has relaunched legal proceedings against Genting Casino’s Crockfords Club Mayfair property seeking to reclaim £7.7 of winnings plus legal costs. Ivey’s original dispute with the casino stretches back to 2012 when the American poker player won vast sums of money playing Punto Barco, a form of Baccarat. At the time Ivey used a card reading technique …

Issuing a market update, Amaya Inc subsidiary PokerStars has declared that its online casino product has become ‘Italian market leader’ just two years after being officially launched. Backing its claim, PokerStars points to a June report by regulator the Amministrazione Autonoma dei Monopoli di Stato (AAMS), in which its online casino has taken circa 8.85% of GGR market share. PokerStars …

James Packer’s CrownBet has again reiterated its stance against the AUS $11 billion merger of Tabcorp Holdings and Tatts Group Plc, by filing a judiciary appeal against the deal’s progress. CrownBet joins the Australian Competition & Consumer Commission (ACCC) in demanding a new competition review of Tabcorp-Tatts, stating that review body Australian Competition Tribunal (ACT) had acted in an ‘inconsistent’ …

New Jersey’s Casino Control Commission has this week approved the restructuring proposal of Caesars Entertainment Operating Co (CEOC) unit presented under the bankruptcy plan of Caesars Entertainment. The plan will allow CEOC operated assets/properties to be placed under a newly-formed operating company in accordance with US Chapter 11 bankruptcy laws. Once the new company is formed, Caesars Entertainment governance will …

Publishing its H1 2017 interim trading results (period ending 31 June), Stockholm-listed industry content and games developer NetEnt has detailed a strong commercial momentum, recording growth across its core metrics. Updating investors, NetEnt governance stated that H1 had delivered ‘solid growth’ for its verticals, with the company hitting H1 revenues of SEK 805 million, up 15% on corresponding H1 2016’s SEK …

At the end of May, Tim Miller, Executive Director at the UK’s Gambling Commission made a speech at the IAGA International Gaming Summit in New York. Just over a month later, the Commission unveiled its new enforcement strategy, intended “to ensure operators put customers first and raise standards” in the words of Sarah Harrison, the Commission’s Chief Executive. These two …

Publishing its 2016 Annual Report, online betting exchange Smarkets has declared its ‘best year in business’ posting significant key metric growth on wagering, revenues and increased profits. A busy 2016 which saw Smarkets wagering boosted by Euro 2016, a record Cheltenham Festival and political outcomes such as the EU Referendum and US Presidential Election, saw the company record more than …

Australia ASX-listed gambling technology firm Aristocrat Leisure is seeking a new Chief Financial Officer (CFO), following the decision of current incumbent Toni Korsanos not to relocate to Las Vegas. Following a corporate restructure, Aristocrat has plans to relocate its executive management team to Las Vegas, moving the company closer to its main market. However, Korsanos who has acted as CFO …

Updating industry stakeholders, The Irish Cabinet has approved new age limit regulations for gambling services set under the new ‘Courts and Civil Liabilities Bill’ (Miscellaneous Provisions). The new mandate will set a uniformed age limit of 18-year across all forms of licensed gambling across Ireland. The introduced Bill has set out to modernize the provisions of the 1956 ‘Gaming & …