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Business
December 23, 2019
Ladbrokes Opens Concept Betting Shops to Recoup Losses over FOBT Stake Cut
The last of the two new Ladbrokes concept betting shops was opened on Stephenson Street in Birmingham on Thursday, December 19. The first one – Coral shop – was launched earlier this month at Warren Street. Tough Times for the UK’s Sports Betting The two outlets are opened at a moment when the UK’s betting […]
Business
December 22, 2019
Philippines Arrest 342 Chinese Nationals in POGOs Sector
In a Thursday raid, the Philippines arrested 342 Chinese nationals working illegally in the Philippines’ increasingly divisive offshore gambling industry. Hundreds of Illegal POGO Workers Arrested On Friday, December 20, the Philippines said that they had detained hundreds of illegal Chinese workers who were hired to work in the country’s offshore gaming operators. The arrests […]
Business
December 19, 2019
Playtech Brings Slots to the Live Casino Segment, Adds MP Blackjack
Gaming giant Playtech continues to push ground-breaking products amid internal strife between shareholders and management. Playtech Releases Live Slots and Quantum Blackjack Playtech has introduced two industry game-changers. On December 19, the company pioneered the Live Slots and Quantum Blackjack products. Playtech is pushing ahead with the Live Slots solution, which will combine live dealers […]
Business
December 18, 2019
Daughter of Stanley Ho Divests 2.45m Shares in MGM Resorts
The daughter of Stanley Ho, Pansy Ho, has sold 2.45 million of her shares in her latest portfolio restructuring bid. Pansy Ho Sells 2.45m Shares in MGM Holdings MGM Resorts International partner Pansy Ho has reduced her stake in the Macau-based company, selling off 2.45 million shares, the latest Hong Kong Stock Exchange filings have […]
Business
December 16, 2019
Penn Requests Probe into Former Director for $75,000 Fraud
A former Penn National Gaming Director of Benefits is facing multiple charges after the company reported her for allegedly misappropriating over $75,000 worth of gift cards that should have gone to the company’s employees. Berks County detectives have conducted an investigation confirming Penn’s suspicions. Former Penn National Gaming Director Charged with Fraud A Berks County […]
Business
December 14, 2019
Hard Rock CEO “Disappointed” With Atlantic City
Jim Allen, CEO of the Hard Rock brand, seems to be regretting the company’s entry into Atlantic City. Hard Rock CEO Underwhelmed by Atlantic City The Hard Rock brand came to Atlantic City’s boardwalk during the summer of 2018, and its venue was expected to be a huge hit. Unfortunately, the Hard Rock Atlantic hasn’t […]
Business
December 13, 2019
Vie.gg’s EEG Secures $1M in Private Placement Round
Vie.gg owner, Esports Entertainment Group, has secured a fresh funding round to the tune of $1 million from four investors. EEG Adds $1m in Fresh Funds Esports Entertainment Group (EEG), Inc closed a funding round with private investors adding up to $1 million in fresh investment. The transaction took place on December 6 and was […]
Business
December 11, 2019
Peter Jepsen Found Guilty in Online Poker Cheating Case
A Danish poker player named Peter Jepsen has been found guilty of installing malware on poker players’ computer to read their hands while competing against them online. High Stakes Poker Player Receives 3.5 Year Sentence for Fraud Peter Jepsen, a high stakes poker player, was found guilty of computer-based theft last week. His crimes including […]
Business
December 11, 2019
Royal Panda Finalizes Deal For Playson’s Content
Playson, the creator of cutting-edge physical and online casino games, has recently struck a deal with the famous iGaming operator Royal Panda. This way Playson will land its suite of slots to the online casino. For its part, Royal Panda will have access to Playson’s hit series Timeless Fruit Slots as well as to some of the newest products […]
Business
December 11, 2019
iDEA GROWTH Report Projects 50% Increase for Onlne Gaming in NJ
New Jersey’s online gaming industry has been reporting better numbers year in and year out for years now. The industry is expected to grow by over 50% in 2019 alone. Online Gambling Continues to Grow in New Jersey Since online gambling has been up and running in New Jersey, the Garden State, has added 1,851 […]