The UK's new point of consumption tax (POTC) on sports wagers took a big toll on William Hill's Q1 2015 earnings. According to reports on CalvinAyre.com and Nasdaq.com, the UK bookmaker had an operating revenue of just 1% since the POTC went into effect. That's down a whopping 19% from the same time last year.…
Yahoo! is getting ready to introduce a daily fantasy sports product that could turn this red hot market on its ear. Though details on what Yahoo's fantasy sports offering will actually look like are pretty vague at this time, the company expects to have it ready in time for the start of NFL football in…
The situation at 666Bet.com has gone from messy to messier as customers clamor for refunds and company officials come up with excuses to avoid doing just that. Late last month, 666Bet.com's UK gambling licenses were pulled as gaming officials investigated its connections to a money laundering scandal. These allegations also led to the arrest of…
Online gambling sites in the UK and Europe were hit by a major wave of distributed denial of service (DDOS) attacks this week and weekend. Servers at companies including Betfair and PokerStars groaned under the weight of the assault while customers struggled to log on to their accounts. So far, no one has taken credit…
Everything old is new again at Zynga now that the company's founder, Mark Pincus, has retaken his spot as CEO of the once-mighty social gaming company. Pincus is replacing Don Mattick, who held the top spot for nearly two years. Pincus' return, and Mattick's exit, are just the latest in a long-running series of dramas…
Amaya Gaming has confirmed its intention to enter the fast-growing, and lucrative, fantasy sports market. According to multiple published reports, the Montreal-based igaming giant will have its daily/weekly fantasy sports platform ready to go in time for the 2015 NFL season. Amaya's fantasy sports expansion is part of the company's aggressive strategy to diversify its…
The folks over at Paddy Power have a problem most businesses would kill to have...too much cash. Even better, for Paddy Power shareholders, the company will be handing back that pile of cash to their lucky shareholders over the next few years. According to published reports, the UK's largest independent bookmaker is sitting on a…
Amaya Gaming released its Q4 earnings report this week and, despite some pretty big losses, the future looks very bright for the Canadian igaming giant. On the bright side of the report Amaya Gaming clocked in revenue of $368.6 million ($291.57 million USD) that's a whopping ten-fold increase over the previous year, which was a…
Analysts at Morgan Stanley have been gazing into the future of regulated American online gambling and they didn't particularly like what they saw. Yesterday, the financial giant slashed its prediction for US online gambling growth through 2020 by by more than half. The company suggests that the budding industry will only do about $2.7 billion…
Paul Bell, a director at 666Bet, was arrested this weekend amid a swirl of accusations of money laundering and fraud. Authorities from the HM Revenue & Customs and National Crime Agency picked up Bell at Heathrow Airport. Besides Bell, six other 666Bet employees were arrested in connection with the case that's left the Isle of…
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