Nov 29, 2015

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Gambling Law & Society News (3340 articles)

Ladbrokes Shareholder Opposes Merger with Coral – Update

In a recent meeting, a total of 96 percent of Ladbrokes shareholders voted for the merger with Gala Coral Group Limited, which would see the two companies become one under the name Ladbrokes Coral plc, once regulatory approval has been received. In a statement, Rob Templeman, chairman of Gala Coral said, “We are pleased Ladbrokes has secured the support of i...

Gambling Law & Society News

Betsson Affiliate Manager Accused of Skimming Commission

One of Betsson’s employees has been charged in Malta for fraudulent activity, which defrauded the company of Euro 153,000. 41-year-old Christiaan Alexander van Dalen worked for Betsson Services Ltd in the role of key affiliate manager and is now being accused of claiming commission on fudged customer figures created by using their details to open additional a...

Gambling Law & Society News

Nevada AG Supports RAWA

Political observer Jon Ralston interviewed Nevada’s Attorney General Adam Laxalt, who admitted to supporting Sheldon Adelson’s Restoration of the Wire Act (RAWA), on his TV program Ralston Reports. Laxalt also revealed his intention to signing a letter going around to US attorney generals, which supports a ban on online gambling. Nevada Governor Brian Sandoval...

Gambling Law & Society News

Playtech Backs Out of Plus500 Deal - Update

The deal for Playtech’s acquisition of Plus500 failed due to lack of regulatory approval but the fear that its merger with Ava Trade would fall apart has become a reality. In light of Playtech’s inability to meet December regulatory deadlines, Ava Trade Ltd. shareholders have now enforced their right to terminate the share purchase agreement with the company....

Gambling Law & Society News

Playtech Backs Out of Plus500 Deal

Following the good news of new product releases this month including the Top Gun branded Video Slot and Live Prestige Roulette, Playtech ends the month on a sour note. After discussions with the Financial Conduct Authority (FCA), Playtech will not move forward with its £459 million ($700 million) acquisition of spread betting company Plus500 as it will not be abl...

Gambling Law & Society News

Ladbrokes Shareholder Opposes Merger with Coral – Update

Ladbrokes has responded to shareholder Dermot Desmond’s opposition the company’s potential merger with Coral Group. In response, Ladbrokes reaffirmed its recommendation that shareholders support the deal. The Board presented “compelling strategic rationale and benefits” of a merger with Coral, which included: · The potential to deliver faster online...

Gambling Law & Society News

Online Gambling Could be Possible in Pennsylvania

The Pennsylvania House Gaming Oversight Committee passed a new online gambling bill, Bill HB649. The bill is sponsored by chairman of the committee John Payne, and once enacted, will make online gambling legal in the state to those aged 21 and over providing the operation is partnered with a Pennsylvanian brick and mortar casino with a licensing application...

Gambling Law & Society News

Ladbrokes Shareholder Opposes Merger with Coral

Ladbrokes stakeholder, billionaire Dermot Desmond, expressed his opposition of the GBP 2 billion merger between Ladbrokes and Coral in a letter to investors saying it would “effectively be the death of Ladbrokes” as an independent company. Desmond is encouraging other Ladbrokes shareholders to request that the board look into other options before agreeing to t...

Gambling Law & Society News

EveryMatrix Receive Danish Licensing

The Danish Gambling Authority has granted EveryMatrix a Combined Remote Betting and Casino license. EveryMatrix is already licensed in Malta, United Kingdom, Ireland and Belgium an...

Gambling Law & Society News

Danske Spil Extends Supply Deal

Danske Licens Spil (DLS) extended the supply agreement with for another four years and will see the company provide online casino and poker solutions until 2019. "The digital channel has become a meaningful part of our overall business and we are determined to grow it further over the coming years,” said Niels Erik Folmann, chief executive officer f...

Gambling Law & Society News

Companies Behind Red Slots Fined €480K by Dutch Gambling Authority

Dutch gambling authority Kansspelautoriteit has assessed its highest fine thus far to Redcorp S.A. and Bluemay Enterprises NV, the companies behind Red, for illegally offering gambling services to the Dutch market. The authority also noted that the Red Slots website says that its financial transactions are handled via a British subsidiary of Bluemay...

Gambling Law & Society News

#GAMBLESMART Raises Problem Gambling Awareness

Senet Group rolled out is three week social media #gamblesmart campaign on Friday, which is directed toward young male demographic. The campaign is a continuation of the “When the Fun Stops, Stop” TV campaign introduced earlier this year. Its raises awareness to prevent problem gambling and promotes a fun gambling environment. “Our campaign is all about pr...

Gambling Law & Society News

SoftSwiss Partners with NetEnt

Platform provider SoftSwiss has signed a direct B2B and B2C reseller deal with Net Entertainment. The company was subjected to “rigorous compliance checks” by NetEnt before the arrangement could be made. In a press statement, SoftSwiss chief executive officer, Ivan Montik, said: “I am very happy to begin his partnership with NetEnt, one of the most promine...

Casino Software Gambling Law & Society News

Swedish Gambling Association Joins EGBA

The Swedish online gambling trade association, Branschforeningen for Onlinespel (BOS), is the newest affiliate member of the European Gaming and Betting Association (EGBA). “For many years, we have been following the important work of the EGBA in Brussels,” said Gustaf Hoffstedt, Secretary General of BOS. “If we are to achieve full effect in the EU-related wo...

Gambling Law & Society News

Pennsylvania Still Considering Online Gambling to Generate Revenue

Chairman of the Pennsylvania House Gaming Oversight Committee, Representative John Payne reassures the public that despite the cancellation of gambling related hearings in October online gambling is still a major topic that will be addressed by the committee. Industry observers say that online gambling and possibly daily fantasy sports will be considered by la...

Gambling Law & Society News

Online Gambling Increase in Cambodia

According to Cambodian media, Phnom Penh Post, local land casino operators are taking their services online with live-streamed gambling with relaxed regulation as a contributing factor. Cambodia has cashed in on the industry that caters to Asian punters who face restrictions within their countries. The majority of the land based casinos are small attracting Th...

Gambling Law & Society News

$8M Payout Voided at Lucky Eagle Casino in Washington

Veronica Castillo was playing a Slot at the Lucky Eagle Casino in Washington when she suddenly hit a life changing $8 million jackpot. You can imagine the excitement when she saw the 7-figure win but the casino claims that the machine malfunctioned and handed her an $80 voucher. Castillo, a mortgage loan officer, and her mother visited the Rochester casino ove...

Gambling Law & Society News

RAWA Hearing Scheduled for December 9th

It seems that Utah Representative Jason Chaffetz may give his Sheldon Adelson inspired Restoration of America's Wire Act another push. The bill has been in the committee stage for months and John Pappas, executive director of the Poker Players Alliance, recently tweeted that Chaffetz's House Oversight and Government Reform Committee intends to take another lo...

Gambling Law & Society News

Portuguese Gambling Licenses to be Issued in 2016

Online gambling regulation has been approved in Portugal but implementation could take longer than anticipated. Esperança Figueiredo, a director of the new regulatory body, Serviço de Regulação e Inspeção de Jogos, has said that the body will not likely be prepared to begin the approving licenses before the end of the year but the first quarter of 2016 is w...

Gambling Law & Society News

The Springbok Group Takes on Thunderbolt Casino

Another casino brand has been acquired by The Springbok Group, which also operates the highly popular, Springbok Casino. It will now be operating Thunderbolt Casino. Like Springbok, it is equipped with hundreds of slots and table games...

Gambling Law & Society News

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