Perseverance is a virtue that cannot be understated.
—Bob Riley
| INVITE FRIENDS! |
| One by one, they’re gone |
Anna Bergius and Claes Ruthberg have stepped down from the Cherry AB board after their alleged involvement in an insider trading case was uncovered by the Swedish Economic Crime Authority.
The resignations spoiled Cherry AB’s H1 success.
In a statement, the company confirmed the resignations of the two directors who were suspected of committing crimes connected with the ongoing probe into alleged insider trading by Anders Holmgren, Cherry AB’s former CEO. Holmgren has been accused of buying a significant number of the company's shares prior to the release of a favorable Q1 earnings report. The resignations have soured what could have been a sweet report of Cherry AB’s profit growth during the first six months of the year.
| RAFI’S MARKET |
With Buffalo Wild entering sportsbook, a new look at Ark Restaurants
CalvinAyre.com’s Rafi Farber floats the possibility of Ark Restaurants taking a page from Buffalo Wild Wings’ playbook and venture into the sports betting industry.
| FROM COINGEEK.COM |
Mt. Gox CEO wants to have US lawsuit thrown out
Mark Karpeles, the former CEO of the Mt. Gox cryptocurrency exchange, said that his Illinois case should be dismissed as he had neither connection nor business in the state.
| GLOBAL ROUND UP |
| ASIA |
Macau sees fewer gaming-related detentions, more loansharks
The former Portuguese enclave saw its casino-related crimes and gaming-related forcible detentions drop during the first six months of 2018—but the dips came with a catch.
Galaxy’s Boracay casino to push through, chairman says
Despite threats from the Philippine government, Lui Che Woo, founder and chairman of the Hong Kong-based casino operator, is optimistic that its controversial project in Boracay will be built.
| EUROPE |
Netherlands probes Cash Center link to online sportsbooks
Dutch gaming regulators have zeroed in on 15 individuals who were allegedly involved in operating an unauthorized online sports betting business.
Spain’s online poker revenue falls despite liquidity sharing
The country’s Q2 online poker vertical failed to replicate its Q1 success, despite PartyPoker launching its own shared liquidity in June.
| NORTH AMERICA |
Mississippi vote shrinks number of lottery-free US states to five
After sleeping on it, the Mississippi House of Representatives, 58-54, voted in favor of a bill that will establish the state lottery.
| WORD OF THE DAY |
Up-Front — a gaming model which refers to games that allows users to access all the game’s features at once for a single purchase.
| PRESS RELEASES |
QuinnBet launches managed affiliate program with Income Access
The new affiliate program will feature a revenue share commission structure of 20% to 40%, depending on the revenue referred per month.
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