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Good Results from Sportingbet PLC

27 percent rise for in-play A reputable online gambling group Sportingbet Plc has issued still unaudited report on the first trimester of its financial year, which showed some good results achieved during the period. Key Highlights (period ending on 31 October 2010): - 11 percent increase in amounts wagered, to GBP 513.9 million (Q1/2009: GBP 463....

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Australian Charity Deprived of AUD1.5 million

The money stolen by Sri Lankan on an Aussie work visa In a case in which he faced charges for depriving a Queensland charity out of AUD$1.5 million, a Sri Lankan online gambler on an Aussie work visa, Dinesh Enoka Abeysuriya (29), has pleaded guilty. According to the Brisbane Times, at the time the offences took place, Abeysuriya was working for the Blue Car...

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Update: Kentucky Makes Another Move in Gambling Domains Case

Attempt at compartmentalizing domains and deny iMEGA legal standing This week was marked by another move made by Kentucky's lawyers in the case initiated by the state two years ago, in an attempt to seize 141 international online gambling domain names owned by entities outside the Commonwealth. The lawyers' move includes new motions which will be reviewed at...

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Betfair: Criminal Charges for Corrupt Sportsmen

Serious punishment needed for sporting cheats After a series of international cricket scandals, it was stated by Betfair's Australian division, which at the moment acts as a sponsor for the Ashes cricket series, that severe criminal charge should be introduced for sporting cheats. In an interview to The Age newspaper, the company spokesman Hugh Taggart st...

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Update: Pennsylvanian Sports Bar in Federal Case

Further action applied The Federal case against the owner of Wilkes-Barre Sports Bar, Patrick Patte Jr. who pleaded guilty last month to aiding and abetting the wire transmission of illegal gambling information, has taken new dimension as it is now going to bite him a second time with the possible revocation of his pub license. According to Patte's plea a...

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UK Tote to Be Sold in Parts

UK Government to take bids for retail operation This week, a novelty was announced in the sale of the UK Tote, as it was reported that UK Government is ready to abort selling the whole operation which comprises of 517 betting shops and on-course betting (Totesport), and have it sold in parts. It was added that the Government is prepared to take bids for o...

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Higher Levy from Bookmakers in Ireland?

Proposal comes from horseracing trade body Over the weekend we could witness the Irish horseracing industry taking action, as the country's economic situation worsened and the prospect of EU bail-outs became more probable. According to the Irish Independent newspaper, the Irish Thoroughbred Breeders' Association (ITBA) has asked for a one-percent increase...

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32Red and Northern Racing Ink Agreement

Starting stalls to be provided, according to the deal According to Racing Today's reports, a six figure, three-year deal has been inked between Northern Racing and online casino operator, 32Red, which will sponsor the starting stalls at six racecourses in Britain. Based on the deal, from March 2011, 32Red will put up its logo on the starting stalls at Gr...

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Paddy Power Releases Report Update

Update covers period from July to mid-November A trading update by online and land gambling group Paddy Power covering the period between 1 July and 15 November 2010, showed positive results and also revealed its plans to rectuit more staff, which attracted media attention. The report contains the following figures, which indicate that the company will me...

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Betfair Defeated in Australian Case

Horse racing body wins Federal Court ruling Based on the Federal Court ruling in Australia, online betting exchange Betfair is bound to subsidize Racing NSW. The New South Wales authorities previously ordered the levy, which they assessed as a "product fee based on gross revenue," so about AUD$120 million has been paid to the racing body until now, although...

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Update: No Talks between Sportingbet and Unibet

Merger with Sportingbet off, says Unibet Group Plc Regarding the previous media reports that Sportingbet Plc is discussing possible merger with its Swedish counterpart in the online gaming industry Unibet, the Swedish company announced that it is negotiating with various companies in the industry, but not anymore with Sportingbet. On the other side, Sportin...

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Good Results for Bet-At-Home

Mangas Gaming branch notes improvement in business operations Bet-At-Home, a Dusseldorf-based subsidiary of Mangas Gaming, has recorded boost in all crucial performance sectors, according to its recently-published report on year-to-date and third quarter results. In the Q3, gross profit grew by 57.1 percent to EUR16.78 million, whereas net profit before ta...

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Sportingbet Closes Russian Deal

Russian market to get new sports betting brand A deal has been inked between Sportingbet Plc and the second biggest licensed bookmaker in Russia, First International Bookmakers Company (FIBC) aka Liga Stavok. Based on the five-year deal, the two companies are to establish a sports betting brand for the Russian market - "Liga Stavok powered by Sportingbet." The...

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Update: Sportingbet Interested in Merger

Interest confirmed, but not specifically for Unibet The news reported by the UK media these days that Sportingbet is considering a merger with Unibet, whose worth would amount to some $600 million, have been partly confirmed on Nov. 15. Sportingbet stated that it has entered talks regarding a grand acquisition, with a company which remains unspecified....

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Sportingbet and Unibet to Merge?

The merged group would worth GBP600 million According to today's reports of The Sunday Times, there a chance that an online gambling operator, Sportingbet will merge with its Swedish counterpart Unibet. The company is considering a merger that would worth GBP 600 million, and the two companies already held preliminary negotiations. The Sunday Times furthe...

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Ladbrokes PLC: Positive Results for Trimester

Management hopeful about full year outcome The Interim Management Statement was issued by Ladbrokes plc, containing the results of the quarterly operations up to Sept. 30, 2010. It was stressed that the positive outcome of the trimester resulted in 12 percent revenue growth and magnificent 128 percent of operating profit increase, whereas the eGaming net reve...

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Fortuna Entertainment Notes Revenue Boost

Betting group's results owed to online action This week Fortuna Entertainment, an online and land betting group which targets Central European markets, has reported of its successful YTD period, from January to September. According to preliminary, unaudited results, the revenues noted an 11.7 percent growth to Euro 276.1 million. In the third quarter alone, o...

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Israel Sports Betting Board Calls Tender

Tender for betting engines developers The Israel Sports Betting Board (ISBB) is to call an international tender for construction of an 'advanced sports betting engine and modern website,' reported Reuters. In line with this, the tender will call for participation of all developers of betting engines that are constructing active sports betting websites and off...

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Centrebet Plans to Boost Market Share

Still, after-tax profit may be affected, cautions the company An online gambling group from Alice Springs, Australia - Centrebet, has announced that it plans to boost its market share in Australia and wider. It has, however, warned that this initiative that involves doubling of the market share by around 20 percent by the end of 2015, may initially have a sho...

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New iPhone Application from Bwin

Application currently for Bwin's UK and Austrian customers A new launch has been announced by an Austrian online gaming provider, bwin - a new iPhone application for live sports betting, called "bwin live". This application provides an intuitive user interface that will enable its users to bet, check on the status of those bets and obtain a list of placed b...

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