Cyprus police investigating after OPAP declines audit

The longstanding relationship between the government of the Republic of Cyprus and betting operator OPAP is rapidly coming apart at the seams.
07/03/2017
  • Kenya gov’t committee urges parliament to scrap gambling bill

    Kenya gov’t committee urges parliament to scrap gambling bill

    Kenya-based online sports betting operator SportPesa topped a recent list of what the country’s residents are looking up on Google. The Standard reported that six of the top-10 sites on Google’s rising search queries in Kenya over the first two months of 2017 belonged to betting companies. SportPesa’s Kenyan...
  • Cybersecurity - A growing focus for gambling operators

    Cybersecurity: A growing focus for gambling operators

    In October 2016, the world saw the most powerful Distributed Denial of Service (DDoS) attack ever registered in cyber history. The destructive Mirai botnet brought down sites including Twitter, the Guardian, Netflix, Reddit, CNN and many others in Europe and the United States after it hit the servers of...
  • Trump Taj Mahal purchased by Hard Rock

    Trump Taj Mahal purchased by Hard Rock

    The shuttered Trump Taj Mahal casino in Atlantic City has found a buyer. The new owner will be a group of investors led by Hard Rock International, the company behind Hard Rock Cafe. President Trump once operated the hotel, but financed the project with junk bonds and could not...
  • Poker was like being in a trance'- readers' experiences of problem gambling

    ‘Poker was like being in a trance’: readers’ experiences of problem gambling

    Problem gambling costs the UK up to £1.2bn according to a report by charity GambleAware, with spending related to police intervention, mental health services and homelessness putting pressure on the system. The charity warned of the “narrow” focus on fixed-odds betting terminals (FOBTs), known as the “crack cocaine of...
  • GVC now more transparent, but still risky

    GVC now more transparent, but still risky

    There is more than one way to understand the term defensive investing. Typically it means buying stable companies with low growth, in other words seeing it from the growth side of the equation. But defense can also be seen in terms of the loss side. Defense, other than focusing...
  • BCLC’s online casino earns 46% of revenue from 619 players

    BCLC’s online casino earns 46% of revenue from 619 players

    New research reveals that the British Columbia government’s online gambling site earns 46% of its online casino revenue from just 5% of its players. This week, the British Columbia Lottery Corporation (BCLC) celebrated the signing of a licensing agreement in which casino operator MGM Resorts would integrate BCLC’s GameSense...
  • William Hill’s profit down double-digits in challenging year

    William Hill’s profit down double-digits in “challenging year”

    UK bookmakers William Hill saw their operating profit fall 10% in 2016, a 12-month span their interim CEO called “a challenging year.” Figures released Friday show Hills’ revenue inching up 1% to £1.6b last year, while operating profit fell 10% to £261.5m. Interim CEO Philip Bowcock (pictured) said 2016...
  • BET.PT LAUNCHES IN PORTUGAL WITH SBTECH’S SPORTSBOOK & IGAMING PLATFORM

    Czech court says gambling domain-blocking constitutional

    A court has ruled that Czech Republic’s plan to block unauthorized online gambling domains is constitutional. This month saw the launch of PokerStars.cz, the Czech Republic’s first licensed online poker and casino operator since the country’s new regulated online gambling market took effect on January 1. While many international...
  • ESports betting to grow in 2020 as its audience grows to 600M

    ESports betting to grow in 2020 as its audience grows to 600M

    The future of eSports betting will become brighter three years from now as its global audience will balloon to almost 600 million by 2020. According to the latest report of market intelligence company Newzoo, the global eSports audience will reach 385 million in 2017 and is expected to grow...
  • Internet poker company founder pleads not guilty to U.S. charges

    Internet poker company founder pleads not guilty to U.S. charges

    The founder of what had been one of the largest online poker websites agreed on Thursday to confront U.S. charges stemming from a long-running criminal case targeting internet firms like his operating illegally in the United States. Scott Tom, who founded Costa Rica-based Absolute Poker, pleaded not guilty in...
  • Betting turf war is torpedoing efforts to help problem gamblers

    Betting turf war is torpedoing efforts to help problem gamblers

    Problem gambling experts have criticised rival factions of the betting industry for waging a “selfish” war of words to protect their own interests amid the threat of tighter regulation. The UK’s leading gambling charity also warned that a “narrow” focus on controversial fixed-odds betting terminals (FOBTs), potentially ignoring online...
  • Slots the star of Spain’s regulated online gambling market

    Slots the star of Spain’s regulated online gambling market

    Slots was the star and poker the ugly duckling of Spain’s regulated online gambling market in Q4 2016. Figures released this week by Spanish gaming regulator Dirección General de Ordenación del Juego (DGOJ) show healthy gains in the online gambling market in the three months ending December 31, with...
  • Portugal suspends bets over match-fixing fears

    Portugal suspends bets over match-fixing fears

    LISBON: Portugal’s state betting firm suspended wagers on a first-division match between Rio Ave and Feirense after an unusually large amount of money was placed on the game, sparking suspicions of match-fixing. It is the first time that betting on a first-division match in Portugal has been suspended and...
  • Vietnam legalises betting on football, racing

    Vietnam legalises betting on football, racing

    HANOI: Punters in gambling-mad Vietnam cheered the easing of a ban on sports betting Saturday, as the communist government moves to bring a booming black market industry above board.   Vietnam has long barred locals from gambling of any form, allowing only a few foreigner-only casinos. But the law...
  • Switzerland IP providers resist online casino blocks

    Switzerland IP providers resist online casino blocks

    Swiss casinos want to block the domains of international online gambling operators serving Swiss players while awaiting online regulation: the problem is they may have to pay for them. Many casinos in Switzerland are struggling financially. They need the international blocks as a stopgap until expected regulation arrives circa...
  • Philippines targets online casinos, lottery operations

    Philippines targets online casinos, lottery operations

    The Department of Justice (DOJ) of Philippines said it will lead the task force that would crack down on illegal online gaming casinos and will also go after tax liabilities of small town lottery (STL) operations. This was bared by Justice Secretary Vitaliano Aguirre II after President Rodrigo Duterte ordered...
  • Bookmakers face losing their licence and huge fines over problem gambling

    Bookmakers face losing their licence and huge fines over problem gambling

    Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s regulator. The Gambling Commission will lay out its new enforcement strategy this month, detailing how bookmakers,...
  • Playtech inaugurates Live Casino Romania studio

    Playtech inaugurates Live Casino Romania studio

    Playtech has opened a state-of-the-art live casino studio facility in Bucharest, Romania to cater for a huge demand in licensees in the newly regulated Eastern European country. Playtech’s new Romania live casino facility employs native dealers and further bolsters its position as one of the world’s leading live casino...
  • Portugal finalizes online poker liquidity sharing plan

    Portugal finalizes online poker liquidity sharing plan

    After months of delay, Portugal has finally sent its new online poker liquidity sharing technical standards to the European Commission for approval. Last November, Portugal welcomed the first online poker site (Amaya Gaming’s PokerStars) under the country’s new online gambling licensing regime, but it wasn’t until this Tuesday that...
  • regulated-market-embraced-by-pokerstars-portuguese-players

    Regulated market embraced by PokerStars’ Portuguese players

    The newly launched PokerStars.pt in Portugal is one of the busiest online pokers sites in the world based on real money cash game players. That is the finding of PokerScout, an online poker traffic ranking site which estimates the number of players at cash game tables on the major...
  • tax-evasion-and-fraud-exposed-in-football-leaks

    Tax evasion and fraud exposed in Football Leaks

    Millions of leaked documents have revealed tax evasion and financial fraud involving some of the world’s biggest names in football. More must be done about this type of fraud, says the FIFA president, but main responsibility should lie with unions and federations. The extent of FIFA’s jurisdiction in relation...
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