BUSINESS

Gaming Industry News Weekly Recap – Stories You Might Have Missed

TAGs: weekly recap

THE AMERICAS
Nevada sportbook operator CG Technology paid $22.5m to resolve illegal gambling and money laundering charges; Washington state officials warned Valve Corp to halt eSports skin betting or face the consequences; New York’s daily fantasy sports legislation was hit by a legal challenge; Full Flush Poker and the Equity Poker Network abruptly went offline after losing their Curacao gaming license; former Amaya Gaming CEO David Baazov was a no-show at Quebec’s insider trading hearing; Scientific Games acquired Karma Gaming’s interactive game portfolio; New Jersey asked the Supreme Court to hear its sports betting appeal; powerful new DDoS software source code was posted online in a hackers’ forum; Oulala.com targeted Latin America’s daily fantasy sports market; 888Poker teamed with the World Series of Poker Circuit and Calvin Ayre explained why Bitcoin is the single biggest positive development in online gambling.

EUROPE and AFRICA
Gaming Industry News Weekly Recap – Stories You Might Have MissedWilliam Hill and Amaya Gaming revealed they were talking about a “merger of equals”; Bet365 loosened its grip on Italy’s online sports betting market; South Africa proposed new penalties for online gamblers; French politicians approved their online poker operators sharing liquidity with other EU markets; London’s Ritz Club posted a £12.8m net loss due to outstanding VIP debts; an Italian court ordered a lottery operator to pay €3k to a player who never won; DMI’s Magnus Jern offered hints on improving the mobile gambling experience; affiliate content provider Martina Danelaite explained how to make cold calls work for your site; Empire Legal’s Lionel Iruk filed his second installment of identifying the best banking jurisdictions for online casino operators; Duncan Patman wondered if gambling self-exclusion was doing more harm than good and Ed Pownall turned his Industry Eye on the US presidential race and Motorhead.

ASIA
Iao Kun Group closed another Macau VIP room and admitted its South Korean casino acquisition was dead; Macau junket Neptune Group halted trading in its shares after missing its Q3 filing deadline; Imperial Pacific’s Saipan casino set a new VIP turnover record; the Philippines launched an anti-jueteng campaign; South Korea’s Kangwon Land promised tougher problem gambling controls while Paradise Co Ltd posted its first Chinese VIP turnover gains in two years; Sanum Investments won its court fight with the Laos government; PhilWeb sought a new gaming license after its former chairman sold its shares; Universal Entertainment hinted that its Okada Manila casino might not open on schedule; Genting Malaysia sold its Hong Kong unit for $415m and Silver Heritage’s Tim Shepherd explained why Nepal’s casino business is primed for growth.

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