Novomatic finalizes Ainsworth investment following green light from gaming regulators CDC Newswire · January 8, 2018 at 9:46 pm Novomatic completes investment in Ainsworth, an Australian gaming supplier, following approval from regulatority authorities, including the Nevada Gaming Commission in Las Vegas, Nevada. All the necessary international regulatory confirmations are in place, allowing Novomaticto move ahead with the purchase of approximately 52% of the Australian gaming company Ainsworth Game Technology Limited … [Read more...]
Nasal spray aimed at tackling gambling addiction to be trialled in Finland The Guardian · January 8, 2018 at 9:42 pm Could gambling addiction be treated with a nasal spray? A group of Finnish researchers are launching a study to find out. The fast-working spray contains naloxone, which is commonly used as an emergency treatment for overdoses of opiates such as heroin, opium and morphine. It blocks the production of dopamine, a neurotransmitter linked to pleasure with a central role in addictions. “The … [Read more...]
B.C. gaming officials flag unusual betting in casino review Justine Hunter, The Globe and Mail · January 8, 2018 at 9:40 pm People identifying their occupations as "student" or "housewife" make up an unusually large share of B.C.'s high-rolling gamblers, prompting B.C.'s Attorney-General to question the source of millions of dollars flowing through the province's casinos. Gaming officials audited a year's worth of transactions at a single casino – Richmond's River Rock Casino – looking for patterns that could shed … [Read more...]
First day as Paddy Power Betfair CEO for Peter Jackson Fiona Reddan, The Irish Times · January 8, 2018 at 2:31 pm Mixed start for ex-Worldpay UK boss as share price falls and Morgan Stanley cuts its recommendation It’s a fresh start to the new year for former Worldpay UK boss Peter Jackson, who is taking up his new job as chief executive of Paddy Power Betfair on Monday. Mr Jackson assumes the role from Breon Corcoran, who stepped down from the board yesterday, and tweeted Monday that he was “excited to … [Read more...]
Money laundering in UK online casinos Luke Haward, CDC Gaming Reports · January 8, 2018 at 12:04 pm There are 195 licensed gambling operators in the UK, so when the Gambling Commission (UKGC) states that they are investigating 17 of them for failing to put into place sufficient measures to prevent money laundering, that’s a pretty high ratio, almost 1 in 10. Not only that, but an as-yet-undisclosed five operators are being considered for a license review. Depending on the conclusion of those … [Read more...]
SportPesa CEO seeks open dialogue with Kenyan government Ted Menmuir, SBC News · January 8, 2018 at 9:23 am Following the termination of all SportPesa Kenyan sports sponsorships, Chief Executive Ronald Karauri has defended his firm’s position against MP backlash. Entering 2018, Karauri ordered SportPesa to suspend all active sports sponsorships in protest of the Kenyan TNA government’s blanket 35% tax hike on betting and lottery services. During 2017 High Court hearings, Karauri had previously … [Read more...]
Ladbrokes Coral aims to close gender pay gap Ted Menmuir, SBC News · January 8, 2018 at 8:59 am The governance of FTSE-listed bookmaker Ladbrokes Coral Plc has stated that it will work to close its gender pay gap, following the publication of corporate statistics by the UK government. Under the requirements of ‘The 2010 Equality Act’, UK companies with more than 250 staff have to disclose yearly gender pay employee data. Ladbrokes Coral, the UK’s biggest retail betting operator is … [Read more...]
Mark Brown steps down as Imperial Pacific Chairman Ben Blasheke, Inside Asian Gaming · January 7, 2018 at 8:47 pm Gaming industry veteran Mark Brown is set to announce that he is stepping down as Chairman of Imperial Pacific International, effective immediately. According to a report in The Saipan Tribune, Brown has not returned to Saipan – home of IPI’s US$600 million Imperial Pacific Resort – since departing in December and is keen to spend more time with his family. Contacted directly by Inside Asian … [Read more...]
ICE 2018 names first-ever charity partner Luke Haward, CDC Gaming Reports · January 6, 2018 at 8:27 am Clarion Gaming’s ICE London event has named a charity, namely the Young Gamblers’ Education Trust (YGAM), as an official partner for the first time. The YGAM, which aims to support young people in regard to problem gambling issues, will assist ICE and Clarion in informing and enhancing safety for this demographic. The ICE London event takes place from 6th - 8th February at ExCeL London. The … [Read more...]
UK Betting Shops numbers down Luke Haward, CDC Gaming Reports · January 6, 2018 at 8:21 am Having faced widespread criticism over fixed odds betting terminals (FOBTs), a recent scoop from the BBC indicating concerns about self-exclusion systems, and incoming regulatory changes, UK bookmakers have rarely been under as much pressure, and this pressure is already starting to show. The UK Gambling Commission (UKGC) released numbers at the end of 2017 indicating that some 400+ betting shops … [Read more...]
