Tom S.

Gala Coral Sees Large Pre-Tax Losses Despite Record Turnover

Gala Coral Sees Large Pre-Tax Losses Despite Record Turnover

Tom S. January 23, 2014 14:50:06

British-based online and land-based betting operator has reported large pre-tax revenue losses, despite its record turn over in 2013. Gala Coral own a number of betting shops in the UK and abroad, along with a number of online casinos and online sportsbooks in the UK. Even though the company enjoyed a record-breaking turnover of GBP […]

GVC Holdings Announces Exit of Non-Executive Director

GVC Holdings Announces Exit of Non-Executive Director

Tom S. January 23, 2014 13:05:34

Isle of Man based GVC Holdings announces the resignation of non-executive director Nigel Blyth-Tinker. GVC Holdings, the operator of a number of online casinos and successful online sportsbooks in the UK, is seeing a shift within the company. It’s former non-executive director, Nigel Blythe-Tinker has stepped down from his position with immediate effect. At present, […]

American Casino Revenues on the Decline

American Casino Revenues on the Decline

Tom S. January 22, 2014 14:43:38

States mull casino legalization even as revenue in a downward spiral nationwide. More and more states are pondering gambling legalization, even in the country’s socially conservative heartland. A legislator in Nebraska recently proposed amending the state constitution to permit casino gambling to compliment its existing keno, horseracing and lottery services. American gambling laws permit states […]

Football Match Fixing Scandal in India

Football Match Fixing Scandal in India

Tom S. January 22, 2014 14:04:26

Players and managers of major club allegedly offered money to affect outcomes. A Malaysian betting syndicate is under investigation for attempting to use large sums of cash to influence the outcomes of football matches in India. According to reports Mumbai FC officials were offered “life changes sums” to throw matches they were expected to win. […]

Penn Casinos Take Hit First Time Since 2006

Penn Casinos Take Hit First Time Since 2006

Tom S. January 22, 2014 13:26:03

Revenue drops 1.4 percent amidst competition from neighboring state In 2013 the state of Pennsylvania’s overall gaming revenue fell by 1.4 percent to $3.1 billion. While table game revenue rose, slot revenue declined significantly. Regional competition now plays a significant factor in the gaming market in Pennsylvania. Bordering New Jersey now has online casinos to […]

Two Firms Vie for Queensland Casinos

Two Firms Vie for Queensland Casinos

Tom S. January 22, 2014 13:14:16

Three new licenses to be awarded in Brisbane as part of a strategy to boost tourism. Australian government has announced it will issue three new casino licenses in the city of Brisbane. Eight yet-to-be-named parties have applied. The Echo Entertainment Group Ltd. and Crown Resorts Ltd. have both expressed interest. Officials in the state of […]

Malaysian Firm Gets in on Cambodian Casino Project

Malaysian Firm Gets in on Cambodian Casino Project

Tom S. January 22, 2014 12:54:11

Growing tourism and casino industry in the formerly war-torn country is making headlines in the business world. The Malaysian commodities provider Minitech Resources is in talks to provide construction and raw materials for a casino and resort project in nearby Cambodia. The company is recently one of the most successful in the country and hopes […]

California Cool on Inter State Compacts at NCLGS Meeting

California Cool on Inter State Compacts at NCLGS Meeting

Tom S. January 22, 2014 12:21:20

At the winter meeting of the National Council of Legislators from Gaming States (NCLGS), Richard Schuetz from the California Gambling Control Commission feels the proposed compacts are unrealistic. In US gambling news, the NCLGS meeting resulted in a lot of discussion over timely topics, but one subject that came up concerned the proposed interstate compacts. […]

William Hill Cuts Deal to Serve US Horseracing

William Hill Cuts Deal to Serve US Horseracing

Tom S. January 21, 2014 14:40:03

British fans will now see broadcasts of American events. The UK-based bookmaker William Hill recently reached an agreement with Turf TV to carry coverage of US horseracing events in its shops. Adrian Ford, the managing director of Turf TV’s parent company expressed excitement that the deal will provide “competitive racing packaged specifically for a UK […]

Virgin about to Launch Online Casino

Virgin about to Launch Online Casino

Tom S. January 21, 2014 14:12:00

New Jersey gets 15th online casino after legalizing activity last year. The Virgin Group is to launch an online casino in New Jersey Friday. The company received approval from the state several months ago to operate an online casino, but chose to take their time in launching one to work out technical problems and ensure […]