BUSINESS

Gaming Industry News Weekly Recap – Stories You Might Have Missed

TAGs: weekly recap

August-1-new-weekly-recapTHE AMERICAS
Amaya Gaming offered a preview of its second quarter earnings; social gaming was the biggest growth catalyst in Churchill Downs Inc’s Q2 report; BetOnSports founder Gary Kaplan lost his bid to quash a $36m tax bill; daily fantasy sports operator DraftKings raised $300m in its latest funding round; Wynn Resorts took an awful beating in Macau and denied a “nine-figure” offer to Boston’s mayor; tribal casino revenue rose for the fifth straight year but Florida told the Seminole tribe to stop offering casino table games; Nevada casinos took a baccarat beating in June; Caesars Interactive made a New Jersey affiliate deal with Income Access; Scientific Games CEO Gavin Isaacs explained his company’s convergence strategy and Martin & Associates’ David Martin explained how Amaya’s Rational Group purchase would spur online gambling regulation in Canada.

EUROPE
GVC Holdings teamed with Cerberus Capital Management on a new bid for Bwin.party but investor Jason Ader told GVC to improve its offer; Maltese regulators suspended more operator licenses following that Italian mob crackdown; Stride Gaming acquired social gamers InfiApps; Dutch gaming regulators boosted fines for unauthorized online operators; Bitcoin platform provider CoinGaming added a sportsbook; Ladbrokes rolled out its new single digital platform and Ireland’s High Court approved Lads’ Irish restructuring; Full Tilt took steps to improve its poker ecology while Playboy Poker closed its doors for good; Betfair prepped a new football-themed ad campaign while Betfred made Fred Done the star of its new campaign; Serbia’s state lottery director resigned after an on-air cockup; Italy’s online poker market continued to shrink; London’s Ritz Club won a £2m debt lawsuit against a remorseful billionaire; Turkish authorities raided yet another ‘political party’ for hosting illegal gambling; Olympic Entertainment Group expanded its Latvian operations; Novomatic took a larger stake in Casinos Austria and OtherLevels’ Troy Morris told Rebecca Liggero the right way to use mobile messaging technology;

ASIA
500.com reported zero income in Q2 following China’s suspension of online lottery sales while a Chinese journalist accused a lottery administrator of stealing $322m; Universal Entertainment boosted the budget of its Manila casino and expanded its Philippines manufacturing plant; Victoria became the first Australian state to launch pokies pre-commitment technology; Genting Hong Kong sold its Jeju casino stake; South Korea gave the thumbs-up to its casino cruise plans; Malaysia says it closed 310 illegal online gambling sites and the Deputy PM warned police to stop looking the other way from illegal gambling operations; David Walsh teamed with the Federal Group on a museum casino plan in Tasmania; Donaco’s Cambodian casino got a boost from visiting VIPs; an Australian online gambling betting syndicate attempted to recruit NRL and AFL players; Galaxy Entertainment Group took a stake in a Monaco casino and told Sheldon Adelson to shut the fuck up; Philippine officials wanted to know why some illegal alien online gambling call center employees had been released and BlueSea Gaming’s Albert Climent told online gambling operators not to miss out on the industry’s “last gold rush” in India.

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