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Gaming Industry News Weekly Recap – Stories You Might Have Missed

TAGs: weekly recap

Gaming Industry News Weekly Recap – Stories You Might Have MissedTHE AMERICAS
Pennsylvania’s politicians played chicken with the state’s online gambling legislation; DraftKings and FanDuel paid $12m to resolve their New York false advertising prosecution; Churchill Downs Inc posted record revenue despite a drop in social casino bookings; a slots player got teased by a bogus $42.9m jackpot message; Chinese bankers sold Baha Mar to themselves, leading Baha Mar’s former developer to call the bank liars; Nevada sportsbooks posted their fourth highest football betting win; Nevada regulators launched a probe into Las Vegas Sands’ use of VIP gambling ‘shills’; Caesars Entertainment’s bankruptcy proceeding may be nearing the end after it reached agreement with its final junior creditor holdout; Apuestamil CEO Victor Espinosa examined online opportunities in Colombia and Antigua celebrated the groundbreaking of Champion Services’ new business process outsourcing center.

EUROPE
Germany’s 16 states agreed on the broad strokes of a new state gambling treaty; the UK government confirmed its review of fixed-odds betting terminals and gambling ads on telly; the UK competition watchdog formally okayed the Ladbrokes-Coral merger; Mybet warned investors of a €16m revenue shortfall; Russia got its fifth online sports betting site and cut its bookies some slack on mandatory sports funding; Mr Green’s new sportsbook boosted revenue by double digits; Evolution Gaming shuffled its senior management ranks; Hippodrome Casino’s Simon Thomas saw eSports opportunities for casinos; Camelot was forced to pull its wonky National Lottery app and Rebecca Liggero offered her top five takeaways from the 2016 Excellence in iGaming and Berlin Affiliate Conference events.

ASIA and AUSTRALIA
China arrested 10 junket agents linked to Crown Resorts but Macau authorities insisted it was business as usual at local casinos; Galaxy Entertainment Group’s credited “good luck” for a 28% earnings rise; a Macau court said junkets are liable for lost investor funds; the Philippines busted a Chinese-run online gambling ring then teamed with South Korean authorities to bust a different Manila-based online operation; Crown Resorts and Aristocrat Leisure were hit with a “deceptive” pokies lawsuit; Singapore Pools launched its new betting site but Malaysia has no plans to follow Singapore’s lead; Donaco International planned to branch out into online gambling; an errant piece of gardening gear caused the first no-race in Hong Kong Jockey Club history; India’s Delta Corp saw Q3 revenue rise nearly by half and Satoshi Citadel Industries’ John Bailon talked up financial technology’s ability to complement Philippine banking services.

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