Latest in: Gambling Operators News
William Hill sees online sports betting increase by 13% in a year
Increased online revenues and dividend push bookmaker’s share prices up, even as profits fall due to string of wins for football teams
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The online gambling industry is facing a clampdown after the UK competition watchdog accused companies of unfairly treating customers and potentially breaking consumer law. The Competition and Markets Authority (CMA) said people were not getting the deal they expected from sign-up promotions and operators were unfairly holding on to customers’ money.... -
Decision comes after three-month review into betting sponsorship. FA’s current partnership with Ladbrokes to be terminated this month. The Football Association will no longer have a betting partner after terminating a contract with Ladbrokes worth around £4m a year following a string of high-profile gambling controversies in the sport.... -
The Football Association is “considering” its relationship with gambling firms and alcohol companies, says the governing body’s chairman. Greg Clarke has ordered a report into whether it is appropriate to have official partnerships with gambling and betting. “The sport has a duty to consider and ask itself what is... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
The head of Macau’s government gave a conservative forecast for gambling revenue next year that’s 13 percent below analyst estimates amid a nascent recovery in the world’s biggest casino hub, Bloomberg reported. Macau’s government is confident the economy will recover to grow by low single-digits in 2017, Chief Executive... -
William Hill was forced to defend its withdrawal procedures this week following accusations that it and other operators within the online bookmaking industry “use their terms & conditions to delay or even avoid payment on winning bets,” The Guardian reported. A campaigner for improved consumer rights for punters said... -
The London-based company will continue to consider strategic alternatives. William Hill Plc and PokerStars owner Amaya Inc. of Canada ended merger discussions, squelching one of the biggest possible deals in the betting industry after U.K. activist investor Parvus Asset Management opposed the union. William Hill will continue to consider... -
U.S.-based casino operator MGM Resorts International announced on Tuesday an agreement to acquire 188.1 million shares in subsidiary MGM China Holdings Ltd from minority shareholder Pansy Ho Chiu King. “As a result of the transaction, the company will acquire an additional 4.95 percent of the outstanding ordinary common shares... -
Operator of the beleaguered Greek Mythology Casino in Macau will have to find space for the new set of folders that will be added to the growing collection of its legal cases. This as Macau junket and casino investor Amax International Holdings warned Greek Mythology operator of suing them... -
iPro, Inc. today announced an exclusive partnership with International Game Technology (“IGT”) to launch its real-time sports gaming platform, ringit!, on the IGT-owned Lottomatica Italian sports betting platform for 2016’s largest soccer event, the UEFA Euro Cup. Fans win cash in ringit! by predicting what will happen next during their... -
Online gambling operator Bet365 is being publicly shamed by a disgruntled punter who says she can’t get her winnings off the site. On Tuesday, The Guardian published the story of an unidentified female punter who claims to be having difficulties convincing Bet365 to fork over her £54k account balance.... -
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The referendum that marked a historic time for Britain and Europe was a momentous event for punters too. Brexit vote broke the record for gambling on non-sporting events in the UK—eclipsing even the widely popular Royal baby and previous elections in the country—with punters putting down an estimated £120... -
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Ladbrokes has admitted that betting markets got the EU referendum outcome completely wrong and will have to “face up to some tough questions”. As the polls closed on Thursday night, Ladbrokes was offering 4-1 on an out vote, with its betting suggesting that a remain verdict was a 90%...
