The US Treasury Department has warned licensed casino operators that they must actively combat illegal sports betting. The Treasury submitted a letter to multiple gambling operator’s just weeks before the NFL Super Bowl, US sports most wagered event. “Increases in sports betting conducted on behalf of third parties are facilitating criminal activity and posing a money laundering risk to the …
Read More »
Mobile igaming platform provider Nektan PLC announced today that it has appointed David Gosen as its Chief Executive Officer with immediate effect. David Gosen joins the Nektan team from media data and audience measurement firm Nielsen Holdings NV, where he served as European MD (2011 -2014). Gosen has prior experience in gaming technology and operations having served as Vice President …
Read More »
US racing operator Churchill Downs has announced the appointment of Mike Ziegler as its new Director of Racing. Ziegler will assume full responsibility of the senior management role on 26 January reporting to Bill Mudd the operator’s Chief Financial Officer. Ziegler will take on responsibility of the performance and business strategy of Churchill Downs US racing operations, he will further …
Read More »
Caesars Entertainment Corp has filed for Chapter 11 bankruptcy protection in Chicago this Thursday as the operator looks to cut creditor debt for its Caesars Entertainment Operating CO division which operates Caesars’ 50 casino and leisure properties worldwide. US news reports have stated that the gambling operator seeks to reduce its debt from $18.4 billion to $8.6 billion. The casino operator …
Read More »
Optimal Payments Plc digital payments provider, announces that its NETBANX® iGaming payment solution is now fully integrated and operational on the new Ontario Lottery and Gaming (OLG) regulated online gaming site, PlayOLG.ca. This follows the announcement on April 22, 2014 of a five-year service agreement between OLG and Optimal Payments. PlayOLG offers regulated online interactive lottery, casino and poker games for residents of Ontario …
Read More »
Figures published by the New Jersey Division of Gaming Enforcement have shown that Atlantic City has lost nearly half its casino revenue over the past eight years. The dramatic decline has seen Atlantic City net revenues drop from $5.2 billion in 2006 to $2.74 billion in 2014, as a poor US economy combined with competition from nearby states has impacted …
Read More »
Scott Longley, Editorial Director of Regulus Partners, looks at Amaya Gaming’s acquisition of Rational Group, as igaming’s new giant looks to enter the US and awaken a thus far lacklustre market. Does a leveraged Amaya Gaming justify its hype? Hyperbole and online gambling are inextricably linked. From the very first inception of the form, online gaming has surfed a wave of …
Read More »
The American Gaming Association (AGA) has announced the addition of six board members and three general members as a part of a new membership structure approved by the AGA Board of Directors in late 2014. The AGA is seeking to unify the gaming industry and is doing so through a policy of inclusivity and transparency. The new organizational structure and …
Read More »
NBA team The Cleveland Cavaliers have entered into a new partnership with New York based US fantasy sports operator FanDuel Inc, one of the market leaders in US fantasy sports entertainment The new partnership comprises an integrated marketing agreement which will include FanDuel promotional player campaigns, including in-arena signage and an online presence, to create a heightened awareness of FanDuel …
Read More »
Amaya Gaming Plc has announced plans to repurchase (buy back) approximately 5% of its public float in 2015, as the company looks to maximise long-term shareholder value. Amaya who purchased online poker leader Rational Group in 2014 in a leveraged $4.9 billion acquisition, will look to cancel up to 5.4 million common shares which the operator will fund through proceeds …
Read More »
SBC News Voice of the Sports Betting Industry