888 have announced the launch of their first real money casino app for Facebook, named MAGIC888.
The online gambling company in December had released on Facebook their first online bingo real money play app, BingoAppy
MAGIC888 casino includes the full range of 888′s in-house developed slots and table games, as well as its popular Live Casino. 888′s secure registration and deposit process includes, amongst others, stringent age verification checks to ensure only eligible Facebook users are able to play the real money app.
Itai Frieberger, COO of 888, commented:
“This launch marks a significant extension in our real money social offering. The successful launch of BingoAppy has indicated the potential that social gaming offers, and we are delighted to expand our gaming portfolio with the launch of our MAGIC888 casino. The app gives Facebook users in the UK the opportunity to enjoy 888′s award winning casino while introducing new features which leverage the social experience Facebook offers.”
March 07, 2013
Rank agrees £179 million buyout of Gala Casinos
The Rank Group have announced an agreement to purchase 19 casinos of the 23 from Gala Coral Group for £179 million.
Rank said that Gala Coral’s casinos in Aberdeen, Bristol, Cardiff, Stockton-On-Tees and Gibraltar, its non-operating licences for the City of Westminster, London, and Dundee, its branded online casino activities and all of the central management functions previously associated with Gala Coral’s casino business are not included in the acquisition.
Rank also confirmed that the transfer of the Gala workforce for those casinos totaling 2,200 would be part of the agreement, at present ensuring there is no redundancies; however in the long term that situation is unsure.
In May 2012, Rank announced that it had conditionally agreed to acquire Gala Casinos from Gala Coral. That conditional agreement envisaged Rank purchasing 23 casinos and three non-operating casino licences. However the Office of Fair Trading referred the Proposed Acquisition to the Competition Commission for an in-depth merger review and, as a result, the original agreement lapsed. In February 2013, the Competition Commission published its final report following its review of the Proposed Acquisition. That report recommended the revised number that Rank could purchase without opposition.
The deal is expected to be completed in the second quarter of 2013.
Rank said that Gala Coral’s casinos in Aberdeen, Bristol, Cardiff, Stockton-On-Tees and Gibraltar, its non-operating licences for the City of Westminster, London, and Dundee, its branded online casino activities and all of the central management functions previously associated with Gala Coral’s casino business are not included in the acquisition.
Rank also confirmed that the transfer of the Gala workforce for those casinos totaling 2,200 would be part of the agreement, at present ensuring there is no redundancies; however in the long term that situation is unsure.
In May 2012, Rank announced that it had conditionally agreed to acquire Gala Casinos from Gala Coral. That conditional agreement envisaged Rank purchasing 23 casinos and three non-operating casino licences. However the Office of Fair Trading referred the Proposed Acquisition to the Competition Commission for an in-depth merger review and, as a result, the original agreement lapsed. In February 2013, the Competition Commission published its final report following its review of the Proposed Acquisition. That report recommended the revised number that Rank could purchase without opposition.
The deal is expected to be completed in the second quarter of 2013.
February 22, 2013
Shootout on Las Vegas Strip leaves three dead and six injured
A taxi exploded, killing its driver, when it was caught in gunfire between a Maserati and an SUV on the Vegas tourist corridor
The Las Vegas Strip became a scene of deadly violence early Thursday when an unidentified individual in a black Range Rover opened fire on a Maserati at a stoplight, sending it crashing into a taxi that burst into flames. The incident left three people dead and at least six injured.
Police believe an altercation earlier at a hotel prompted the attack in the heart of the Strip, at Las Vegas Boulevard and Flamingo Road, the site of several major hotel-casinos, including Bellagio, Caesars Palace and Bally's.
"This doesn't happen where we come from, not on this scale," said a British onlooker, Mark Thompson. "We get stabbings, and gang violence, but this is like something out of a movie. Like Die Hard or something."
Police said they were contacting authorities in three neighboring states about the Range Rover Sport with tinted windows and paper dealer ads in place of license plates that fled the scene about 4.30am. In Southern California, the California Highway Patrol alerted officers in at least three counties to be on the lookout for the Range Rover with custom wheels, authorities said.
Police said the Maserati hit the taxi cab, which went up in flames, and the driver and passenger were killed. The male driver of the Maserati died, and his passenger was shot.
Tourists staying in high-rise hotels around the scene found police tape blocking access to the area around the intersection. Closures were expected to last most of the day, snarling traffic in the tourist corridor. Jeff Martin, 33, of Columbus, Ohio, said he was unable to cross the Strip several hours after the incident. "When you're out at 4am nothing good's going to happen," he said.
Las Vegas police sergeant John Sheahan said the attack was not a rolling gun battle, as previously described. The cars were stopped at a light when at least one person in the Range Rover opened fire. Several people were inside the vehicle. Six other vehicles were involved in the crash that followed, including the taxi and Maserati. The taxi was affiliated with the Desert Cab company, according to general manager Sandy Shaver. He declined to comment further. The taxi might have been propane-powered.
The incident marked the latest violence on the Strip since the beginning of the year. Two people were critically wounded in a shooting at a parking garage on 6 February and a tourist was stabbed on Saturday in an elevator at The Hotel at Mandalay Bay. A spokesman for the Las Vegas Convention and Visitors Authority, Jeremy Handel, issued a statement reassuring people that much is being done to keep them safe.
"Recent incidents, while unfortunate, were isolated events," he said. "Las Vegas is among the safest travel destinations in the world and utilizes the most advanced technology and training to maintain a secure environment."
Las Vegas police officer Jose Hernandez said police had made arrests or identified suspects in each case. "People don't have to worry," he said. "This is an unusual occurrence, as tragic as it may be."
Sheahan said police had video from traffic cameras at the intersection where the shooting occurred on Thursday. "We have a lot of pieces to put together to establish a timeline as to why this confrontation occurred", he said.
The Las Vegas Strip became a scene of deadly violence early Thursday when an unidentified individual in a black Range Rover opened fire on a Maserati at a stoplight, sending it crashing into a taxi that burst into flames. The incident left three people dead and at least six injured.
Police believe an altercation earlier at a hotel prompted the attack in the heart of the Strip, at Las Vegas Boulevard and Flamingo Road, the site of several major hotel-casinos, including Bellagio, Caesars Palace and Bally's.
"This doesn't happen where we come from, not on this scale," said a British onlooker, Mark Thompson. "We get stabbings, and gang violence, but this is like something out of a movie. Like Die Hard or something."
Police said they were contacting authorities in three neighboring states about the Range Rover Sport with tinted windows and paper dealer ads in place of license plates that fled the scene about 4.30am. In Southern California, the California Highway Patrol alerted officers in at least three counties to be on the lookout for the Range Rover with custom wheels, authorities said.
Police said the Maserati hit the taxi cab, which went up in flames, and the driver and passenger were killed. The male driver of the Maserati died, and his passenger was shot.
Tourists staying in high-rise hotels around the scene found police tape blocking access to the area around the intersection. Closures were expected to last most of the day, snarling traffic in the tourist corridor. Jeff Martin, 33, of Columbus, Ohio, said he was unable to cross the Strip several hours after the incident. "When you're out at 4am nothing good's going to happen," he said.
Las Vegas police sergeant John Sheahan said the attack was not a rolling gun battle, as previously described. The cars were stopped at a light when at least one person in the Range Rover opened fire. Several people were inside the vehicle. Six other vehicles were involved in the crash that followed, including the taxi and Maserati. The taxi was affiliated with the Desert Cab company, according to general manager Sandy Shaver. He declined to comment further. The taxi might have been propane-powered.
The incident marked the latest violence on the Strip since the beginning of the year. Two people were critically wounded in a shooting at a parking garage on 6 February and a tourist was stabbed on Saturday in an elevator at The Hotel at Mandalay Bay. A spokesman for the Las Vegas Convention and Visitors Authority, Jeremy Handel, issued a statement reassuring people that much is being done to keep them safe.
"Recent incidents, while unfortunate, were isolated events," he said. "Las Vegas is among the safest travel destinations in the world and utilizes the most advanced technology and training to maintain a secure environment."
Las Vegas police officer Jose Hernandez said police had made arrests or identified suspects in each case. "People don't have to worry," he said. "This is an unusual occurrence, as tragic as it may be."
Sheahan said police had video from traffic cameras at the intersection where the shooting occurred on Thursday. "We have a lot of pieces to put together to establish a timeline as to why this confrontation occurred", he said.
Svenska Spel closes 14 accounts involved in cheating allegations
Svenska Spel is taking the serious measure of locking 14 poker accounts after details of an alleged bot-based cheating conspiracy happened involving the said accounts. According to Swedish national operator, the suspended accounts carried over $108,000 and have won over $1.8 million in the past year.
The investigation began after a player report a few months ago and suspicious practices were discovered involving what the poker site suspected as poker bots. Since then, the state-owned Svenska Spel reported the matter to the Swedish police and has also found its way to the Swedish Gaming Board.
Svenska Spel representatives on its player forum posted that the poker bots, which are illegal computer systems that mechanizes online poker play, made their living playing in Hold’Em games ranging from NL50 to NL500 and taken most of their winnings in the past six months.
As one of the few authorized gambling providers in Sweden and the only one licensed to offer online poker, Svenska Spel is the only place where Swedish players can play online poker in the country. Ultimately, this falls on the company itself who admitted that it had known of the matter beforehand and failed to report it to the proper authorities. They’re stopping short of revealing the screen names of those responsible while investigations are still underway, but this does paint a pretty unflattering picture of the state-owned operator who will now have to carry the burden of having its GTECH G2 software-run online poker room tainted by cheats.
To be fair, this isn’t the first time something like this has happened to an online poker room. Even PokerStars had to deal with its own cheating scandal a few years ago involving collusion among Chinese players who pilfered more than $2 million from over 25,000 players. So Svenska Spel can take comfort knowing they’re not the first. But it still paints a negative picture if you’re in that list.
More details are expected to be revealed as the investigation progresses. It’ll be interesting to see where this case goes from here.
The investigation began after a player report a few months ago and suspicious practices were discovered involving what the poker site suspected as poker bots. Since then, the state-owned Svenska Spel reported the matter to the Swedish police and has also found its way to the Swedish Gaming Board.
Svenska Spel representatives on its player forum posted that the poker bots, which are illegal computer systems that mechanizes online poker play, made their living playing in Hold’Em games ranging from NL50 to NL500 and taken most of their winnings in the past six months.
As one of the few authorized gambling providers in Sweden and the only one licensed to offer online poker, Svenska Spel is the only place where Swedish players can play online poker in the country. Ultimately, this falls on the company itself who admitted that it had known of the matter beforehand and failed to report it to the proper authorities. They’re stopping short of revealing the screen names of those responsible while investigations are still underway, but this does paint a pretty unflattering picture of the state-owned operator who will now have to carry the burden of having its GTECH G2 software-run online poker room tainted by cheats.
To be fair, this isn’t the first time something like this has happened to an online poker room. Even PokerStars had to deal with its own cheating scandal a few years ago involving collusion among Chinese players who pilfered more than $2 million from over 25,000 players. So Svenska Spel can take comfort knowing they’re not the first. But it still paints a negative picture if you’re in that list.
More details are expected to be revealed as the investigation progresses. It’ll be interesting to see where this case goes from here.
February 21, 2013
On the frontlines of the fight against match-fixing
A Georgian townhouse in a genteel, leafy London suburb houses a team of gambling experts huddled round dozens of computer screens showing match results from around the world. No bets are placed, however, no money won or lost. This is the frontline of the war on football match-fixing.
The multi-billion dollar football industry was shaken to its core earlier this month when European police and prosecutors said hundreds of games may have been rigged in a match-fixing syndicate being run from Singapore.
Helping football's governing bodies tackle the problem, companies such as Sportradar analyse betting odds movements to detect match-fixing, while FIFA has also set up an inhouse Early Warning System (EWS).
In Europe, a group of 15 leading bookmakers work together in the European Sports Security Association (ESSA), sharing information on suspicious betting patterns via e-mail.
But the scale of the problem, with World Cup qualifiers and Europe's flagship Champions Leagues under suspicion, as well as games in Asia, Africa and Latin America, necessitates a global solution, says former FIFA security director Chris Eaton.
"A warning system has got to be global - gambling is global," he told Reuters. "It's true to say that ESSA will pick up movements in the legal gambling area - for the most part it is illegal betting where the fixes are conducted."
Sportradar is part of an emerging industry that has grown up around official efforts to stamp out fixing in sports, especially football. The firm's employees monitor 300 or more bookmakers and more than 30,000 games a year for European soccer's governing body UEFA.
Ben Paterson, Sportradar's Integrity Manager, said his firm identifies between 250 and 300 suspicious football games every year, and that those figures show no sign of dropping off.
"A lot of people are doing a lot of things to curb match fixing, yet we still see the numbers maintained, if not increasing slightly," he added.
Although ESSA covers only a small part of the global market, it says it can give specific details on who is betting and where bets are placed to help prevent fixing before a game.
Bookmakers are linked by an email alerting system allowing its members to flag details of suspicious betting to each other and pass on details to sports bodies with whom they have ties.
Its advantage is that bookmakers know who made the bet and where. Its downside is that it is limited to Europe.
FIFA's system can monitor betting patterns but without the level of specific detail ESSA has. EWS also uses a network of contacts around the world to pass on intelligence and runs a whistleblower hotline. As well as FIFA games, it also monitors Major League Soccer in the United States and Japan's J League.
"EWS in FIFA is a small and capable organisation but it seems to me that they don't have a substantial field presence," said Eaton.
"Sportradar are probably the best there is for the present. While they are a commercial organisation, I would rather see them operating within an independent global body independent of sport and betting organisations."
Detection efforts are struggling to keep up, experts say, because of poor coordination between gambling companies and soccer's ruling bodies, while a lack of regulation in Asia means vital data is simply unavailable.
Mike O'Kane, chairman of ESSA, wants big Asia betting houses like Sbobet and Ibcbet to join forces with their European counterparts to fight fixing.
"I do call on all the European betting operators, in fact all global licensed operators, who are serious about protecting their company to join ESSA," he said.
Philippine-based Sbobet and Ibcbet declined to comment on the issue when contacted by Reuters.
A German investigator who helped jail 14 people for match-fixing was critical of the systems.
"Coming from our experiences of the last three years we have to say that these systems are not productive for our investigations as evidence in court," said Friedhelm Althans, investigator in the German city of Bochum.
"They are basically blunt instruments which don't yield results," he told Reuters.
Football has replaced horse racing as the staple of the bookmaking business, helped by technology that allows punters to bet live online while watching matches on television.
Sportradar's Paterson said the explosion of the online industry led to particular match-fixing trends appearing.
Ninety percent of fixed games will see suspicious patterns in live betting, usually with the Asian bookmakers, rather than any pre-match betting.
The mechanics of Sportradar's system rest on complex algorithms, a global network of 150 freelance informants and decades of analysts' experience, but the principle behind it all is relatively simple.
Most football betting happens during the match, when bookmakers increase odds and offer a chance of higher payouts.
As the betting is live, the odds are reactive. If a large amount of money is placed on a particular bet, bookmakers respond by lowering odds. If they lower the odds far enough, Sportradar's system triggers an alert and analysts get to work.
If a match is deemed suspicious, Paterson's team will gather round a whiteboard and thrash out the details.
"If we see some suspicious betting, we try to exhaust all avenues of why that betting could be legitimate," said Paterson. "Most of the time we're able to find a legitimate reason for these."
Some, such as a match that ends 0-0 and has no corners, no throw ins and no free kicks, are hard to defend.
"All this does though is raise the flag that this match is fixed," Patterson said. "It's the start of an investigation."
Monitoring in Asia is far weaker and Professor David Forrest, an expert on the economics of sports betting, said the conditions were ripe for match-fixing to flourish in the region.
"Most of the competitions targeted are competitions where there is low pay and yet there is a very, very big unregulated betting market in Asia where criminals can make lots of money," said Forrest. "It's made for corruption."
The special economic zone of Cagayan in the Philippines is home to the top five Asian bookmakers who, due to a lack of stringent regulations, are under no obligation to file accounts, keep memoranda of understanding with sporting bodies or ensure 'Know Your Customer' principles like European counterparts.
Ralf Mutschke, FIFA's head of security, says better coordination with law enforcement agencies would also help. Efforts to tackle match-fixing are hampered by the fact that it is not a criminal offence in every country.
Laila Mintas, head of legal at FIFA's EWS, told a gaming conference in London this month: "We would appreciate the European Union taking a lead by setting the minimum national regulations on match-fixing."
For Sportradar's Paterson, match-fixing has become such an issue that left unchecked it could seriously challenge the game's integrity.
"Who wants to go to a football match where people know the results already? You might as well go and watch worldwide wrestling."
The multi-billion dollar football industry was shaken to its core earlier this month when European police and prosecutors said hundreds of games may have been rigged in a match-fixing syndicate being run from Singapore.
Helping football's governing bodies tackle the problem, companies such as Sportradar analyse betting odds movements to detect match-fixing, while FIFA has also set up an inhouse Early Warning System (EWS).
In Europe, a group of 15 leading bookmakers work together in the European Sports Security Association (ESSA), sharing information on suspicious betting patterns via e-mail.
But the scale of the problem, with World Cup qualifiers and Europe's flagship Champions Leagues under suspicion, as well as games in Asia, Africa and Latin America, necessitates a global solution, says former FIFA security director Chris Eaton.
"A warning system has got to be global - gambling is global," he told Reuters. "It's true to say that ESSA will pick up movements in the legal gambling area - for the most part it is illegal betting where the fixes are conducted."
Sportradar is part of an emerging industry that has grown up around official efforts to stamp out fixing in sports, especially football. The firm's employees monitor 300 or more bookmakers and more than 30,000 games a year for European soccer's governing body UEFA.
Ben Paterson, Sportradar's Integrity Manager, said his firm identifies between 250 and 300 suspicious football games every year, and that those figures show no sign of dropping off.
"A lot of people are doing a lot of things to curb match fixing, yet we still see the numbers maintained, if not increasing slightly," he added.
Although ESSA covers only a small part of the global market, it says it can give specific details on who is betting and where bets are placed to help prevent fixing before a game.
Bookmakers are linked by an email alerting system allowing its members to flag details of suspicious betting to each other and pass on details to sports bodies with whom they have ties.
Its advantage is that bookmakers know who made the bet and where. Its downside is that it is limited to Europe.
FIFA's system can monitor betting patterns but without the level of specific detail ESSA has. EWS also uses a network of contacts around the world to pass on intelligence and runs a whistleblower hotline. As well as FIFA games, it also monitors Major League Soccer in the United States and Japan's J League.
"EWS in FIFA is a small and capable organisation but it seems to me that they don't have a substantial field presence," said Eaton.
"Sportradar are probably the best there is for the present. While they are a commercial organisation, I would rather see them operating within an independent global body independent of sport and betting organisations."
Detection efforts are struggling to keep up, experts say, because of poor coordination between gambling companies and soccer's ruling bodies, while a lack of regulation in Asia means vital data is simply unavailable.
Mike O'Kane, chairman of ESSA, wants big Asia betting houses like Sbobet and Ibcbet to join forces with their European counterparts to fight fixing.
"I do call on all the European betting operators, in fact all global licensed operators, who are serious about protecting their company to join ESSA," he said.
Philippine-based Sbobet and Ibcbet declined to comment on the issue when contacted by Reuters.
A German investigator who helped jail 14 people for match-fixing was critical of the systems.
"Coming from our experiences of the last three years we have to say that these systems are not productive for our investigations as evidence in court," said Friedhelm Althans, investigator in the German city of Bochum.
"They are basically blunt instruments which don't yield results," he told Reuters.
Football has replaced horse racing as the staple of the bookmaking business, helped by technology that allows punters to bet live online while watching matches on television.
Sportradar's Paterson said the explosion of the online industry led to particular match-fixing trends appearing.
Ninety percent of fixed games will see suspicious patterns in live betting, usually with the Asian bookmakers, rather than any pre-match betting.
The mechanics of Sportradar's system rest on complex algorithms, a global network of 150 freelance informants and decades of analysts' experience, but the principle behind it all is relatively simple.
Most football betting happens during the match, when bookmakers increase odds and offer a chance of higher payouts.
As the betting is live, the odds are reactive. If a large amount of money is placed on a particular bet, bookmakers respond by lowering odds. If they lower the odds far enough, Sportradar's system triggers an alert and analysts get to work.
If a match is deemed suspicious, Paterson's team will gather round a whiteboard and thrash out the details.
"If we see some suspicious betting, we try to exhaust all avenues of why that betting could be legitimate," said Paterson. "Most of the time we're able to find a legitimate reason for these."
Some, such as a match that ends 0-0 and has no corners, no throw ins and no free kicks, are hard to defend.
"All this does though is raise the flag that this match is fixed," Patterson said. "It's the start of an investigation."
Monitoring in Asia is far weaker and Professor David Forrest, an expert on the economics of sports betting, said the conditions were ripe for match-fixing to flourish in the region.
"Most of the competitions targeted are competitions where there is low pay and yet there is a very, very big unregulated betting market in Asia where criminals can make lots of money," said Forrest. "It's made for corruption."
The special economic zone of Cagayan in the Philippines is home to the top five Asian bookmakers who, due to a lack of stringent regulations, are under no obligation to file accounts, keep memoranda of understanding with sporting bodies or ensure 'Know Your Customer' principles like European counterparts.
Ralf Mutschke, FIFA's head of security, says better coordination with law enforcement agencies would also help. Efforts to tackle match-fixing are hampered by the fact that it is not a criminal offence in every country.
Laila Mintas, head of legal at FIFA's EWS, told a gaming conference in London this month: "We would appreciate the European Union taking a lead by setting the minimum national regulations on match-fixing."
For Sportradar's Paterson, match-fixing has become such an issue that left unchecked it could seriously challenge the game's integrity.
"Who wants to go to a football match where people know the results already? You might as well go and watch worldwide wrestling."
February 19, 2013
Betsson acquires the Automaten brands
Betsson AB has today entered into an agreement to acquire the brands Sverigeautomaten.com, Norgesautomaten.com and Danmarksautomaten.com from Cherry, for a consideration of SEK 286 million, of which SEK 60 million constitutes an additional purchase price. In practice, the deal implies that Betsson AB’s subsidiary in Malta, which already today is responsible for the operation of the Automaten sites, now also takes over the brands and the responsibility for the external marketing of the brands. Simultaneously, Cherry acquires the brand Cherrycasino.com from Betsson AB’s Maltese subsidiary, for a consideration of SEK 1 million.
The initial net consideration of SEK 225 million will be paid by the delivery of 1,063,895 newly issued Betsson B shares. The additional purchase price will be paid in cash after 12 months.
The Automaten brands delivered revenues in 2012 of SEK 168.2 million, which already are included in Betsson’s total revenues. In total, the deal implies that Betsson, calculated on 2012 levels, makes a yearly saving of SEK 52.7 million in costs corresponding to the net effect of savings of revenue share to Cherry from the previous partner agreement and additional marketing spend to be carried out by Betsson. The deal is hence done on a level corresponding to an EBIT multiple of 5.4 and will give a positive EPS effect from the second quarter 2013.
”The deal is in line with our strategy to focus on B2C in our core markets in the Nordics. Our judgment is that the acquired brands will develop stronger internally because we can use the marketing power and scale advantages of the entire Betsson group.” says Magnus Silfverberg CEO of Betsson AB.
Betsson AB’s Core Business consists of owning and administering shareholdings in companies which, themselves or through partners, offer gaming to the end users via the internet. Betsson AB owns Betsson Malta which operates gaming to the end users either through their own websites or through partnerships. Betsson Malta offers Poker, Casino, Sportsbook, Scratch Cards, Bingo and Games. The customers come primarily from the Scandinavian countries and other parts of Europe. Betsson AB is listed on NASDAQ OMX Nordic Mid Cap List.
The initial net consideration of SEK 225 million will be paid by the delivery of 1,063,895 newly issued Betsson B shares. The additional purchase price will be paid in cash after 12 months.
The Automaten brands delivered revenues in 2012 of SEK 168.2 million, which already are included in Betsson’s total revenues. In total, the deal implies that Betsson, calculated on 2012 levels, makes a yearly saving of SEK 52.7 million in costs corresponding to the net effect of savings of revenue share to Cherry from the previous partner agreement and additional marketing spend to be carried out by Betsson. The deal is hence done on a level corresponding to an EBIT multiple of 5.4 and will give a positive EPS effect from the second quarter 2013.
”The deal is in line with our strategy to focus on B2C in our core markets in the Nordics. Our judgment is that the acquired brands will develop stronger internally because we can use the marketing power and scale advantages of the entire Betsson group.” says Magnus Silfverberg CEO of Betsson AB.
Betsson AB’s Core Business consists of owning and administering shareholdings in companies which, themselves or through partners, offer gaming to the end users via the internet. Betsson AB owns Betsson Malta which operates gaming to the end users either through their own websites or through partnerships. Betsson Malta offers Poker, Casino, Sportsbook, Scratch Cards, Bingo and Games. The customers come primarily from the Scandinavian countries and other parts of Europe. Betsson AB is listed on NASDAQ OMX Nordic Mid Cap List.
February 15, 2013
Suspended snooker ace Stephen Lee to face governing body hearing over match-fixing allegations
Snooker star Stephen Lee is battling to save his career after the sport’s rulers insisted he has “a case to answer” over match fixing.
In an announcement that rocked the sport Lee – who has been suspended since October 12 – now faces a hearing to determine his fate.
The 38-year-old cueman from Trowbridge started this season ranked eighth in the world.
He is accused of breaching the rules of the governing body, the WPBSA, in matches at four tournaments, including the 2009 World Championship, the pinnacle of the sport.
And they have decided to take their current course of action after examining “a large amount of material”.
Lee appealed his present suspension but that was thrown out on October 24.
The WPBSA said: “We have gathered a large amount of material from the Gambling Commission, West Midlands Police and third parties in relation to the allegations.
“The available evidence has now been considered and the chairman of the committee has decided that there is a case for Stephen Lee to answer.
“These alleged breaches relate to four matches at the Malta Cup 2008, two matches at the UK Championship 2008, one match at the China Open 2009 and one match at the World
Championship 2009.
“The investigation into the suspicious betting in relation to Stephen Lee’s Premier League match with John Higgins on October 11, 2012.”
Meanwhile, Graeme Dott crashed to the worst defeat of his career at the BetVictor Welsh Open in Newport.
The Larkhall ace was upset 4-1 by unranked qualifier Pankaj Advani in their last-16 clash.
But fellow Scot Stephen Maguire dug deep to topple Matthew Stevens 4-2.
Next up for the former UK champion is a quarter-final clash with either Alan McManus or Joe Perry.
In an announcement that rocked the sport Lee – who has been suspended since October 12 – now faces a hearing to determine his fate.
The 38-year-old cueman from Trowbridge started this season ranked eighth in the world.
He is accused of breaching the rules of the governing body, the WPBSA, in matches at four tournaments, including the 2009 World Championship, the pinnacle of the sport.
And they have decided to take their current course of action after examining “a large amount of material”.
Lee appealed his present suspension but that was thrown out on October 24.
The WPBSA said: “We have gathered a large amount of material from the Gambling Commission, West Midlands Police and third parties in relation to the allegations.
“The available evidence has now been considered and the chairman of the committee has decided that there is a case for Stephen Lee to answer.
“These alleged breaches relate to four matches at the Malta Cup 2008, two matches at the UK Championship 2008, one match at the China Open 2009 and one match at the World
Championship 2009.
“The investigation into the suspicious betting in relation to Stephen Lee’s Premier League match with John Higgins on October 11, 2012.”
Meanwhile, Graeme Dott crashed to the worst defeat of his career at the BetVictor Welsh Open in Newport.
The Larkhall ace was upset 4-1 by unranked qualifier Pankaj Advani in their last-16 clash.
But fellow Scot Stephen Maguire dug deep to topple Matthew Stevens 4-2.
Next up for the former UK champion is a quarter-final clash with either Alan McManus or Joe Perry.
February 12, 2013
New Jersey first to offer television gambling
Customers at a New Jersey casino won’t even have to get out of bed in order to place a bet soon, as The Borgata Hotel Casino in Atlantic City said it will become the first casino in the US to let guests gamble in their hotel rooms via TV sets, starting the end of next week.
Its E-Casino program will let guests with player’s cards set up electronic accounts and risk up to $2,500 a day. Slots and four kinds of video poker will be the first games offered.
The casino says the technology can be expanded to include gambling over hand-held devices anywhere on casino property, which New Jersey recently authorized, and full Internet gambling, if the state approves it.
“This puts us in a position to leverage the technology into true mobile gaming and Internet betting later on,” said Tom Balance, the Borgata’s president and chief operating officer. “We’re moving forward with the future of gaming, and this is that first step.”
John Forelli, the casino’s vice president of information technology, said it is designed not only as an added amenity, but to get them familiar and comfortable with the concept of electronic gambling accounts for the day when Internet wagering comes to New Jersey. Gov. Chris Christie last week vetoed an Internet gambling bill, but said he would sign one with some moderate changes.
The casino does not expect in-room gambling to supplant a significant portion of its action on the casino floor. Rather, it views it as an added attraction for customers trying to decide which of many East Coast casino destinations to visit.
Borgata officials said they had no estimates of how much they expect to take in through the system, which is subject to a 90-day trial period by the New Jersey Division of Gaming Enforcement.
The system is built by Allin Interactive, a Fort Lauderdale, Fla., company that specializes in interactive television applications.
There are several controls to prevent the system from being used by minors or people excluded from gambling. A customer would have to have a Borgata player’s club card, which would screen them to ensure they are of legal gambling age and are not banned from any casino premises.
The PIN number used for the players’ club card would have to be combined with a temporary password provided by the casino’s front desk. Patrons would then go to the casino cashier cage and open an electronic account by providing up to $2,500 in cash, the maximum the state allows to be transferred into the system each day.
The system works using the TV remote control. Players can toggle back and forth among a slots game called Rum Runner’s Riches and four kinds of video poker. The casino eventually plans to add more games if the test period if successful.
Players who want to cash out just click a button on the screen and the proceeds of their gambling go into an e-wallet that can be stored for future visits, or paid out at the casino cashier cage, just like winnings accrued on the casino floor.
The technology is currently used on large cruise ships. It will be available in all 2,000 of the Borgata’s rooms.
Its E-Casino program will let guests with player’s cards set up electronic accounts and risk up to $2,500 a day. Slots and four kinds of video poker will be the first games offered.
The casino says the technology can be expanded to include gambling over hand-held devices anywhere on casino property, which New Jersey recently authorized, and full Internet gambling, if the state approves it.
“This puts us in a position to leverage the technology into true mobile gaming and Internet betting later on,” said Tom Balance, the Borgata’s president and chief operating officer. “We’re moving forward with the future of gaming, and this is that first step.”
John Forelli, the casino’s vice president of information technology, said it is designed not only as an added amenity, but to get them familiar and comfortable with the concept of electronic gambling accounts for the day when Internet wagering comes to New Jersey. Gov. Chris Christie last week vetoed an Internet gambling bill, but said he would sign one with some moderate changes.
The casino does not expect in-room gambling to supplant a significant portion of its action on the casino floor. Rather, it views it as an added attraction for customers trying to decide which of many East Coast casino destinations to visit.
Borgata officials said they had no estimates of how much they expect to take in through the system, which is subject to a 90-day trial period by the New Jersey Division of Gaming Enforcement.
The system is built by Allin Interactive, a Fort Lauderdale, Fla., company that specializes in interactive television applications.
There are several controls to prevent the system from being used by minors or people excluded from gambling. A customer would have to have a Borgata player’s club card, which would screen them to ensure they are of legal gambling age and are not banned from any casino premises.
The PIN number used for the players’ club card would have to be combined with a temporary password provided by the casino’s front desk. Patrons would then go to the casino cashier cage and open an electronic account by providing up to $2,500 in cash, the maximum the state allows to be transferred into the system each day.
The system works using the TV remote control. Players can toggle back and forth among a slots game called Rum Runner’s Riches and four kinds of video poker. The casino eventually plans to add more games if the test period if successful.
Players who want to cash out just click a button on the screen and the proceeds of their gambling go into an e-wallet that can be stored for future visits, or paid out at the casino cashier cage, just like winnings accrued on the casino floor.
The technology is currently used on large cruise ships. It will be available in all 2,000 of the Borgata’s rooms.
Britney does Las Vegas with Caesars
There has been weeks of speculation, but now Entertainment has confirmed that it’s trying to bring Britney Spears to Las Vegas for a recurring gig at the Planet Hollywood Resort and Casino.
Spokeswoman Emily Wofford said Friday the company is in negotiations to install the pop princess on the Las Vegas Strip.
“We can now confirm the company is actively engaged in discussions with Britney Spears’ representatives regarding a potential headlining residency at Planet Hollywood Resort and Casino,” the company said in a statement.
The 31-year-old “Scream & Shout” singer stoked rumors last week by responding with a “Viva Las Vegas” hashtag to a post from her dog’s Twitter account asking if puppies can gamble in Sin City.
Earlier this week, Spears’ manager Larry Rudolph revealed negotiations were down to two casinos, one of which is part of the Caesars Entertainment Group. The deal will reportedly be finalized once the pop star’s team decides on a casino.
“We are in deep negotiations and I’d be shocked if it didn’t happen. Hoping to have a deal done very soon,” Rudolph said.
Spears left her position on the television singing contest “The X Factor” in January, telling fans she wanted to refocus on her music.
Caesars Entertainment currently is promoting residencies by singers Cee Lo Green at Planet Hollywood and Shania Twain at Caesars Palace.
Spokeswoman Emily Wofford said Friday the company is in negotiations to install the pop princess on the Las Vegas Strip.
“We can now confirm the company is actively engaged in discussions with Britney Spears’ representatives regarding a potential headlining residency at Planet Hollywood Resort and Casino,” the company said in a statement.
The 31-year-old “Scream & Shout” singer stoked rumors last week by responding with a “Viva Las Vegas” hashtag to a post from her dog’s Twitter account asking if puppies can gamble in Sin City.
Earlier this week, Spears’ manager Larry Rudolph revealed negotiations were down to two casinos, one of which is part of the Caesars Entertainment Group. The deal will reportedly be finalized once the pop star’s team decides on a casino.
“We are in deep negotiations and I’d be shocked if it didn’t happen. Hoping to have a deal done very soon,” Rudolph said.
Spears left her position on the television singing contest “The X Factor” in January, telling fans she wanted to refocus on her music.
Caesars Entertainment currently is promoting residencies by singers Cee Lo Green at Planet Hollywood and Shania Twain at Caesars Palace.
February 08, 2013
Skrill complete acquisition of Paysafecard
Skrill the winner of Payment Solutions Provider at the recent 6th International Gaming Awards have announced that the acquisition of paysafecard, the Austrian prepaid payments business, has been completed today. Skrill is majority owned by Investcorp Technology Partners.
As the European market leader in prepaid online payment, the acquisition of paysafecard represents a hugely significant step forward for Skrill, expanding its position as one of the world’s largest digital wallet providers. paysafecard’s products allow payments without a credit card or bank account at more than 4,000 online stores and more than 450,000 sales outlets in 33 countries across Europe, North America and South America. In 2012, it processed more than 55 million transactions.
Skrill and paysafecard’s combined offering will deliver an end-to-end stored value payment solution, combining a secure prepaid product that complements Skrill’s existing payments service. paysafecard’s offline distribution network adds to Skrill’s already significant online network that boasts more than 100 payment options in 200 countries worldwide. The joining together of Skrill and paysafecard also opens up the business to new markets within under-banked populations.
“For both sides this is a strategically important acquisition and we are pleased it is now finalised. paysafecard complements our current offering and strengthens our position in the key gaming and digital media markets verticals, establishing us as a provider of end-of-end transfer of stored value,” said Siegfried Heimgaertner, CEO of Skrill. “This is another significant step towards our long-term ambitions to become the first choice for online payments, helping our end-customers and merchants to pay and get paid globally.”
Michael Mueller, CEO of paysafecard, said, “Having grown into a market leader for prepaid payments our consolidation with Skrill is a natural next step for the business, taking our products to a global network of merchants and consumers. We have great faith in Skrill’s entrepreneurial vision, and look forward to continuing to grow the business.”
As the European market leader in prepaid online payment, the acquisition of paysafecard represents a hugely significant step forward for Skrill, expanding its position as one of the world’s largest digital wallet providers. paysafecard’s products allow payments without a credit card or bank account at more than 4,000 online stores and more than 450,000 sales outlets in 33 countries across Europe, North America and South America. In 2012, it processed more than 55 million transactions.
Skrill and paysafecard’s combined offering will deliver an end-to-end stored value payment solution, combining a secure prepaid product that complements Skrill’s existing payments service. paysafecard’s offline distribution network adds to Skrill’s already significant online network that boasts more than 100 payment options in 200 countries worldwide. The joining together of Skrill and paysafecard also opens up the business to new markets within under-banked populations.
“For both sides this is a strategically important acquisition and we are pleased it is now finalised. paysafecard complements our current offering and strengthens our position in the key gaming and digital media markets verticals, establishing us as a provider of end-of-end transfer of stored value,” said Siegfried Heimgaertner, CEO of Skrill. “This is another significant step towards our long-term ambitions to become the first choice for online payments, helping our end-customers and merchants to pay and get paid globally.”
Michael Mueller, CEO of paysafecard, said, “Having grown into a market leader for prepaid payments our consolidation with Skrill is a natural next step for the business, taking our products to a global network of merchants and consumers. We have great faith in Skrill’s entrepreneurial vision, and look forward to continuing to grow the business.”
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