Gambling has become the Wild West, say Swedish MPs
A number of leing Swedish politicians have spoken out against the country?s Lottery Law at this week?s Spel Akemin gaming conference organised by Svenska Spel, proposing inste an open well-regulated market in which private operators can participate and Svenska Spel can expand internationally.
bwin.party hits first half loss as revenues fall
Despite a disappointing set of results for the company which saw total revenues drop 3 per cent to ?398.0m for the first half of 2011 and total loss after tax amount to ?49.1m, shares in bwin.party digital entertainment plc soared by nearly 10 per cent in London this morning after the company declared an interim dividend of 1.56 pence per share and also initiated a programme to buy up to ?75m of shares over the course of the next 11 months.
Business is booming at 888 but costs weigh heavy
Gaming revenues at 888 Holdings plc have improved across all business segments during the first half of 2011 to reach US$153.8m, up 18 per cent on last year, but not enough to offset significant restructuring costs and other charges, resulting in a swing to a loss of $23.3m for the period.
Illinois launches first prepaid card in U.S lottery market
Following its transition to a private manager model earlier this year, the Illinois Lottery is now offerings its subscribers a new Visa prepaid card, which will allow customers to receive their winnings in a secure cash-free payment system.
Pdy Power replaces marketing director
Irish online gaming operator Pdy Power plc has appointed Bacardi?s Christian Woolfenden as the company?s new marketing director, replacing Barni Evans who will move to Australia to he up the marketing for the company?s Australian divisions, Sportsbet and IASbet.
Modern Times Group launches female friendly bingo brand
Nordic Betting Limited, a subsidiary of Swedish media company Modern Times Group and operator of Bet24.com, has launched a new female friendly bingo brand which will be powered by online gaming developer Microgaming.
Sportingbet completes Centrebet acquisition
UK-listed gaming operator Sportingbet plc said Wednesday that it has completed the acquisition of Australia?s Centrebet International Limited following the implementation of two separate inter-conditional schemes of arrangement between Centrebet and its shareholders and performance right-holders.
Geographical expansion aids Perform?s revenue growth
In its first set of results following the company?s IPO on the London Stock Exchange earlier this year, digital sports specialist Perform Group plc has reported a 47 per cent increase in revenues to ?45.1m for the half year ended June 30th.
Latest Industry Vacancies
- Sportsbook Operations Manager ? Mainland Europe
- Poker Product Manager ? London/Europe
- Senior Football Trer ? London, UK
- Horse Racing Trer ? London, UK
- Chief Technology Officer, E-Gaming ? London, UK
- IT Director of Engineering ? London, UK
- He of Campaigns & Propositions ? London, UK
- Sportsbook Marketing Manager ? Malta
Source: http://www.onlinegamingassociation.com/online-gaming-news-august-31-2011/
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