IGT (NYSE: IGT), today confirmed its continued commitment to innovation and industry leadership in video poker. The Company has reached an exclusive agreement with long-time partner Action Gaming to extend collaboration on development of multi-hand video poker games for land-based and online play. As part of the agreement, IGT has purchased patents from Action Gaming which are currently utilized in …
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iGaming software and lottery technology supplier are set to cease operations of its poker software – International Poker Network (known in the poker industry as the IPN Network), by the second quarter of 2014. The closure of their poker network, which supplied GTech igaming clients with turnkey services to promote poker to their customer base, will see the igaming software …
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Some good news for Ladbrokes in the bookmaker’s poor annual results has come in the shape of its mobile strategy. The firm launched its new mobile sportsbook in December and has seen amounts staked and sign ups up by more than 50% and active players growing by more than 30% year on year since the launch. Over the 2013 mobile …
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Ladbrokes chief executive Richard Glynn has labelled his firm’s annual results for 2013 as ‘disappointing’ but maintains that the bookmaker has made ‘real operational progress’ during the year. The figures were never going to be good after a series of profit warnings during the period, but the company has posted a 32.9% drop in group operating profit to £138.3m with …
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Ralph Topping will remain in charge of Britain’s biggest bookmaker until the end of next year, the company said yesterday. The firm issued a statement clarifying its position on Topping’s replacement, after reports in the media suggested that it had accelerated its original plan (William Hill share price: Ralph Topping to retire sooner than expected). William Hill said in a …
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Ladbrokes have reacted to the prevailing concerns over problem gambling in betting shops by altering the pay structure of its executives to take social responsibility targets into account. With the campaign against bookmakers, and B2 gaming machines in particular, in full force since the turn of the year, Ladbrokes have taken the smart move to underline how important the firm …
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Fidens, the Football Form Labs-operated tax-free betting syndicate trading on football, has broken the £1million mark under management as it continues its rapid growth. The syndicate uses high-powered algorithms, a comprehensive proprietary worldwide information source, and efficient bet placement to gain the best possible price on football markets. Following six years of development, Fidens has made over 9,400 trades since launching in …
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Social betting operators Bodugi have had their licence suspended by the UK Gambling Commission after complaints that users could not access their money. Bodugi’s lack of dialogue with the regulator has forced the Commission to suspend the operating licence. In a statement, the regulator said: “The Gambling Commission has commenced a review under section 116 of the Gambling Act 2005 …
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Gambling Commission chairman Phil Graf has admitted that the UK regulator is concerned about some aspects of social gaming and has called on the sector to use the information it collects on its players to protect against any risks. Speaking at the World Regulatory Forum earlier this month, Graf commented: “While we have always maintained that we have no desire …
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Biggerbet Ltd has promoted finance director Iain Coward to Managing Director of the business.The Durham-based company’s portfolio includes online affiliate and betting service FREEBETS.com, it’s Australian division au.FREEBETS.com, Horseracingresults.co.uk, and Cheltenham Festival News. Coward, a Chartered Accountant who trained with PricewaterhouseCoopers, has been working in the online gaming sector for over six years. This included a three-year stint at the world’s largest poker site, Pokerstars.com, where he …
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