Activist Investor Jason Ader Plans to Shake Up Playtech

Activist investor Jason Ader has his sights set on online gambling software giant Playtech. The former Las Vegas Sands (LVS) director has a reputation for investing big in gaming companies before unleashing a wrecking ball into their boardrooms.

Jason Ader

In Playtech, activist investor Jason Ader smells an undervalued company that needs a shot in the arm. The man who helped build LVS into the biggest gaming company in the world can make stock jump just by thinking about it, but expect sparks to fly. (Image: WSJ) read more

Vegas Golden Knights Won’t Be Sneaking Up On Sportsbooks This Year, Opening With 12-to-1 Cup Odds

This time last year, a $20 bet on the Vegas Golden Knights to win the Stanley Cup was slated to win $10,000. Ultimately, the expansion franchise fell three wins short of hoisting hockey’s ultimate trophy, but they gave Las Vegas sportsbooks a good sweat in the process.

That $20 bet on the Vegas Golden Knights to win the Stanley Cup that last season would have yielded $10,000 will only payout $240 in their return to the NHL in October. (Photo: Las Vegas Review-Journal) read more

Court Rules Florida Pre-Reveal Games are Illegal Slots as Gator Coin Loses Federal Appeal

Pre-reveal machines are illegal in Florida, a federal appeals court ruled on Friday, thus effectively ending the longstanding debate between Sunshine State regulators and the games’ respective manufacturer and distributor: Blue Sky Games and Gator Coin.

Pre-reveal machines

Pre-reveal machines are slots, pure and simple, because they use random number generators and have a preset win/loss ratio which a player is powerless to influence, a panel of appellate judges has ruled. (Image: Marcus Yam/LA Times) read more

New Sports Betting States’ Oddmakers Tackle Regional Biases in Setting Lines

Oddsmakers in sports betting states where the activity only recently became legalized are wrestling with how to best dictate lines when regional biases might put the casinos at great financial risk that’s not typically seen in Las Vegas.

sports betting oddsmakers Las Vegas

Oddsmakers are waiting to see just how much regional sports betting bias will come in on teams that play nearby. (Image: Anne-Marie Caruso/North Jersey/ read more

FanDuel and William Hill Sports Betting Apps Go Live in New Jersey as the Field Starts to Get Crowded

The New Jersey mobile sport betting market swelled over the weekend, as two new entrants, FanDuel and William Hill, launched their wagering apps. There are now five players in the mobile market since DraftKings earned first-mover kudos just under a month ago.

New Jersey sports betting

Both William Hill and FanDuel’s New Jersey sports betting apps are expected to be offering full-scale operations when the Eagles face the Falcons for the start of the NFL season on Thursday night. (Image: NFL read more

Atlantic City Casinos Begin Laying Off Temporary Summer Employees with Labor Day Weekend

It was just last month that Atlantic City’s nine casinos collectively employed more than 30,000 workers for the first time in over four years. But with Labor Day unofficially ending the summer, resorts are beginning to lay off their seasonal workers and will push total employment below the 30K mark.

Atlantic City casinos job layoffs

With summer winding down and the beaches beginning to clear, Atlantic City casinos will start the process of laying off seasonal help. (Image: Atlantic City Airshow) read more

Kenyan lawmakers vote to maintain high gambling tax.

The long-running row over the punitive tax rates operators are expected to pay in Kenya continued this week when parliament rejected a proposal from the…

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Macau Casino Win Jumps 17 Percent in August, Outpaces Analyst Forecasts

Macau casinos won 26.6 billion patacas ($3.3 billion) last month, a 17.1 percent year-over-year premium and a mark that eclipsed the general consensus of financial analysts.

Macau casinos gaming revenue

Macau casinos saw plenty of tourists in August, pushing GGR past industry predictions. (Image: Bloomberg) read more

GVC Holdings Denies £700 Million ‘Great Pensions Robbery’ Claim in Ladbrokes Coral Takeover

GVC Holdings has rejected claims that the structure of its recent takeover of British bookmaking giant Ladbrokes Coral has enabled it to “swindle” hundreds of millions from pension funds invested in its new acquisition.

GVC Holdings Ladbrokes Coral takeover

The UK government’s decision to delay the slashing of FOBT max stakes until 2020 has left GVC with a “£700 million windfall,” according to NPC, which it says belongs to British pension holders. (Image: Ladbrokes Coral) read more

Bigger prizes planned for UK National Lottery

Camelot, the operator of Britain’s National Lottery, confirmed Monday that it is to increase the prize pots for its Lotto game following a slump in…

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Relax Gaming now live at Hero Gaming

Online gambling games developer Relax Gaming, said Monday that it has signed a content provision deal with online casino operator Hero Gaming that will see…

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Las Vegas Billionaire Frank Fertitta Drops $25M on Daughter’s Wedding, Bruno Mars Headlines Reception

Station Casinos CEO Frank Fertitta spared no expense in throwing the most extravagant of weddings for his daughter Kelley. The $25 million shindig went down over the weekend at Fertitta’s Red Rock Resort.

Frank Fertitta Las Vegas wedding

Frank Fertitta treated daughter Kelley to the wedding of her dreams. (Image: David Becker/Getty/Mark’s Garden/ read more

Interim CFO appointed at NetEnt

Online gambling software and games provider NetEnt announced Monday that it has appointed Lars Johansson as interim CFO, replacing Therese Hillman who recently moved up…

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Online casino to sponsor Swedish reality tv series

European online casino operator PlayOJO announced Monday that it has signed an agreement to sponsor Paradise Hotel, the most popular reality TV series in Sweden….

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Mystery resignation of West Virginia Lottery chief

West Virginia’s governor, Jim Justice announced late Friday that he had appointed Doug Buffington, the deputy secretary for the West Virginia Secretary of Revenue, to…

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Ride with the Valkyries in latest Playtech online slot

Playtech has released its new Call of the Valkyries online slot, a 5 reel, 25 pay-line game with a theme based on the Nordic mythology…

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Poll Shows Florida Voters Want Gaming Control, Gubernatorial Candidates Mixed on Casino Amendment

A new poll shows that Florida voters overwhelmingly support stripping the state legislature of its power to dictate the future gaming industry.

Florida voters gaming amendment casino

Florida voters will decide between Democratic nominee Andrew Gillum (left) and Republican Ron DeSantis in November. They’ll also decide the fate of how gaming legislation is decided moving forward. (Image: CNN) read more

Westgate SuperContest Expected to Again Break Entry Record, 2018 Top Prize Could Eclipse $1.5M

The Westgate SuperContest, the most popular season-long NFL spread betting tournament in Las Vegas, says the competition is once again on track to break its buy-in record.

Westgate SuperContest Las Vegas NFL

If you’re the best at picking NFL games against the spread in the Westgate SuperContest, this could be you come January. (Image: Westgate Las Vegas) read more

Uk football stars lose out as World Cup app fails

At least five well-known former football stars, including Emile Heskey, are among the 24 investors who are likely to be out of pocket following the…

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Another ice hockey sponsorship for Betsson

The Betsson gambling group has followed its recent sponsorship agreement with the Swedish Hockey League (see previous report) with an agreement to sponsor the Championship…

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BetConstruct at this year’s SAGSE LatAm

BetConstruct is to attend a preeminent gaming event, the SAGSE LatAm Expo in Buenos Aires, Argentina on September 11 – 13. Latin America is a huge market for BetConstruct. During the SAGSE LatAm Expo , the company will aim to impress all attendees with its powerful solutions and the freedom of choice they offer. Among the company’s showcase at its …

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Pragmatic Play releases Peking Luck

Pragmatic Play, the leading casino game provider, has announced a release of its latest addition to its high-quality portfolio, Peking Luck. The action of the online slot takes place in a glamorous Chinese opera. The backdrop of the online slot’s 3×5 reels consists of various items relating the oriental theatre and there’s a melodic soundtrack playing in the background. The …

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New Delta Casino Approved in Vancouver Area, Neighboring Mayor Furious

City council has signed off on plans for a new casino complex in Delta, a Vancouver suburb. But if a nearby mayor gets his way, the project will never get off the ground in its current form.

Delta casino

Malcolm Brodie (right) is opposed to a new casino project which has been approved by a neighboring community. (Credit: Richmond News) read more

Colorado Sports Betting Bill Can be Passed by Legislature without Constitutional Amendment

If Colorado wants to join the list of states offering legalized sports betting, they won’t need a constitutional amendment to do so. That’s the opinion of Colorado Attorney General Cynthia Coffman, who said on Thursday that the state legislature would be within their rights to pass a sports betting bill.

Colorado sports betting

Workers prepare the new sportsbook at the Beau Rivage Resort & Casino in Biloxi, Mississippi. Colorado is among many other states where legalized sports betting is being considered. (Image: Beau Rivage Resort & Casino) read more

William Hill Blames Billion-Dollar Loss on FOBT Cuts, Looks to US for Silver Lining

William Hill blamed the UK government’s clampdown on fixed-odds betting terminals (FOBTs), Friday, for dragging it one billion into the red in the first half of the year.

William Hill CEO Philip Bowcock

William Hill CEO Philip Bowcock has warned of “long-term consequences” to business from the UK government’s decision to slash the maximum odds of FOBTs, but the company has high hopes for sports betting in the US. (Image: Gambling Insider) read more

Massachusetts lawmakers fail to pass licence renewal legislation

Reports have emerged in the Massachusetts media indicating that an embarrassing lack of attention on the part of state lawmakers mid-week briefly left the state’s…

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Snaitech departs Milan listing today

Italian sports betting giant Snaitech, recently acquired by Playtech plc, delisted in Milan Friday, posting legacy H1-2018 figures that continued to impress. * Online betting…

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FanDuel Group Teams Up with Boyd Gaming in Bid to Corner US Sports Betting Market

FanDuel and Boyd Gaming have formed a joint strategic partnership to offer land-based and digital sports betting in the US.

FanDuel agrees deal with Boyd Gaming

The first ever FanDuel branded sports book opened at the Meadowlands, New Jersey, last month. The company’s new deal with Boyd Gaming could give it market access to 15 more states. (Image: FanDuel) read more

Second online and mobile betting licence imminent in New Jersey?

Resorts Casino Hotel in New Jersey has announced its second online and mobile sports betting partnership in as many days, following up an earlier reveal…

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Bet365 goes big on Spanish football

European sports betting behemoth bet365 has announced a total of 11 La Liga football club sponsorships in Spain for the coming 2018-19 season. On Wednesday…

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