The Toronto listed online gambling group, Amaya announced that its revenues reached record breaking levels in 2016. Total revenue for the PokerStars parent company spiked to $1.15 billion – up 8% compared to last year’s revenues. Amaya’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) also rose significantly to $524.1 million, or an increase of 14%. The numbers confirm Amaya’s preliminary results announcement earlier this year that it expected to reach record … [Read more...]

Every gaming operator these days wants to spread its arms beyond the horizon so his services could be made available everywhere under the Sun; hence it keeps signing new partnership deals for that effect. Evolution Gaming is one such operator who has expanded its services into the Mexican market after securing a content deal with Codere. As being expected by everyone, under the agreement, Codere will hold the exclusive rights to offer Evolution’s ‘Live Casino’ products in the … [Read more...]

Microgaming and other big names in the online gambling industry are faced with new legislation in Australia, which could see them being forced out the market.  The federal government approved a number of amendments to the country’s existing igaming framework which would outlaw internet poker and casino gambling, as well as in-play sports betting. The Interactive Gambling Amendment Bill of 2016 will see a ban on all internet activities that are not specifically authorized by the new … [Read more...]

GSA Europe, the European arm of the worldwide Gaming Standards Association, was pleased to welcome aboard Microgaming this month. The Isle of Man based casino software provider, joined GSA Europe as a Platinum Member, and expects to benefit greatly from the membership. The president of GSA, Peter DeRaedt said that the association was very pleased that Microgaming had become a Platinum member. “As a proven leader in the online world with widespread influence and valuable insights into the … [Read more...]

Online gaming operators keep decorating their gaming portfolio with quality content from reputed content providers all over the world and iSoftBet is one of them who has ever been eager to expand its portfolio. Anyways, now it has expanded its Game Aggregation Platform (GAP) with the addition of content from UK-based developer Genii. The MOU is large and extensive yet grossly it covers Genii’s portfolio of interactive video slots and includes a host of genres, including the patented … [Read more...]

This is true that, this is generally believed that online casinos are always keen to invest on highly popular games. Sometimes, launching a new casino is more rewarding for some operators hence they don’t mind putting some extra money on their expansion. The iGaming Cloud (IGC), who is the subsidiary of Gaming Innovation Group (GIG), is the one to repeat its investment on a new online casino based on classic video game series ‘Leisure Suit Larry’. The new casino features a range of slots, … [Read more...]

UK gambling industry has been the most look forward industry for any new initiative for its size and popularity hence every time anything new happens there it becomes the standard for others. The new Money Laundry bill is one such regulation which has been in talk for quite some time now. Now, Government has made it clear that only holders of casino operating licenses will be subject to the requirements of the new Money Laundering Regulations. The new regulations will come into forces during … [Read more...]

It seems to be one step forward, two steps backwards for Pennsylvania’s efforts to introduce legal and regulated online gambling. On Friday, state legislators filed House Bill 801, known also as the Banning Internet Gambling in Pennsylvania Act.  The proposal will see state laws amended so that the official gambling authority, the Pennsylvania Gaming Control Board would “not promulgate rules and regulations allowing any form of internet gambling.” HB 801 was introduced by Rep. Thomas Murt and … [Read more...]