China Star completes sale of Lan Kwai Fong GGR Asia · January 4, 2018 at 9:19 pm China Star Entertainment Ltd, a services provider in the Macau casino market, said in a Wednesday filing that it had completed the sale of the Lan Kwai Fong casino hotel property (pictured) to local businessman Chan Meng Kam. “The board is pleased to announce that the completion took place on January 3,” China Star reported in a filing to the Hong Kong Stock Exchange. The firm had said in an … [Read more...]
Okada Manila to help Philippines gaming outperform regional peers in 2018: report Inside Asian Gaming · January 4, 2018 at 9:17 pm Gross gaming revenue in the Philippines is tipped to surge by 32% in 2018 to Php145.7 billion (US$2.9 billion), driven by a fully operational Okada Manila and favorable conditions according to financial services firm Morgan Stanley. In a new report looking at the state of the Philippines gaming market, Morgan Stanley analysts have revised their 2018 GGR prediction upwards from 28%, with … [Read more...]
Israel agrees to £4.9m compensation package with GBI Racing iGamingBusiness · January 4, 2018 at 9:14 pm GBI Racing is to receive £4.9m (€5.5m/$6.6m) in compensation from the Israeli government after a ban on horse racing betting came into force in the country. A joint venture between UK pay-television broadcasters Racing UK and At The Races, GBI Racing distributes coverage of British and Irish racing to betting operators based overseas. According to the Racing Post, GBI Racing had a contract … [Read more...]
Poland’s monopoly online casino launch delayed until H2 Steven Stradbrooke, Calvin Ayre.com · January 4, 2018 at 9:13 pm Poland’s gamblers will have to wait a while longer for the ability to play at an online casino – one the government approves of, at least. A few days before Christmas, Poland’s deputy finance minister Piotr Walczak found himself in the unenviable position of informing the public that the national lottery operator’s online casino site won’t be ready to launch until the third or fourth quarter of … [Read more...]
The Growing Link Between Football And Casinos Sabotage Times · January 4, 2018 at 9:07 pm Sports-football in particular- and gambling seem to have an affinity for each other if the trends of sponsorship deals are anything to go by. According to figures from Statista, close to 50% of premier league sponsorships were signed by casinos and gambling companies for the 2016-17 season. In 2012, the sponsorship share of casinos and online gambling sites sponsored was 25%. A long history of … [Read more...]
A gamble not worth taking? Sudbury anti-casino movement gets over 2k signatures CBC News · January 4, 2018 at 5:04 pm About 75 people took part in a public meeting last night in Sudbury to discuss whether the city should move forward with a new casino. The meeting was organized by a group called No Casino Sudbury, co-funded by Sudbury business owner Ruby Lougheed Yawney, who says they've collected more than 2,000 signatures from residents who are opposed to the new gambling facility. "It's actually 5 times … [Read more...]
Israel government settles GBI Racing contract termination Ted Menmuir, SBC News · January 4, 2018 at 2:59 pm Having implemented a federal ban on horseracing wagering, the government of Israel has settled its dispute with UK and Ireland racing content distributor GBI Racing. GBI Racing, the joint venture of broadcasters’ Racing UK and At The Races, will gain a compensation of 23 million Shekels (£4.9 million) for the termination of the contract with Israel Sports Betting Board (ISBB), which was set to … [Read more...]
Ladbrokes: Bookies embracing the transfer rumour mill Joe Streeter, SBC News · January 4, 2018 at 2:56 pm Ladbrokes have priced up a whole host of potential replacements for the seemingly exit-bound Philippe Coutinho, and Man United’s Henrikh Mkhitaryan is among the favourites. The bookies have suspended betting on Coutinho’s next destination, and 4/1 says Mkhitaryan replaces him at Anfield. Real Madrid ace Dani Ceballos remains the 6/4 favourite to make a move ahead of Leon Goretzka (9/4) and … [Read more...]
Malta, United States and Italy top international exhibitor league table at ICE London CDC Newswire · January 4, 2018 at 8:38 am The importance of Malta as a gaming jurisdiction has been put into sharp relief with confirmation that the Mediterranean island, which has a population of less than 450,000, will be represented by no fewer than 38 exhibitors when the doors open on ICE London, the world’s most international gaming technology event (6 - 8 February, ExCeL London, UK). Malta is followed by the United States, which is … [Read more...]
Fortbet Holdings to launch takeover bid for Fortuna iGamingBusiness · January 3, 2018 at 9:19 pm Fortbet Holdings, the majority shareholder in Fortuna Entertainment Group, is to launch a takeover offer for the company. According to a statement issued by Fortuna to the Reuters news agency, Fortbet is planning to offer CZK182.50 (€7.14/$8.58) for Fortuna, thus valuing the firm at $447.8m. Fortbet, part of the Czech-Slovak investment group Penta Investments, already owns 79.8% of Fortuna … [Read more...]
