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Betfair rejects takeover approach
Sportsbetting exchange and online casino operator Betfair has rejected a preliminary takeover approach from private equity firm CVC Capital Partners Limited reportedly worth £911.7 million. According to a report from The Telegraph newspaper, CVC Capital Partners has investments in a wide range of concerns including a majority stake in Formula One and formulated its bid in partnership with former Betfair director Richard Koch, who still holds a 6.5 percent stake in the London-based operator, and Antony Ball, a non-executive director for investment group Brait. In a brief statement, Betfair declared that it rejected the deal because it 'fundamentally undervalues the… more
EveryMatrix receives Alderney licence
Independent 'white-label' gaming software provider EveryMatrix Limited has announced that its OddsMatrix sportsbook solution has been awarded a Foreign Gambling Associate Certificate by the Alderney Gambling Control Commission. London-based EveryMatrix stated that the certification means that its products are now available to all holders of a Category One licence from the Alderney regulator with two such firms already at the integration stage and due to premiere with its innovations over the 'coming weeks'. "We are very pleased to have met the strict criteria set out by the Alderney Gambling Control Commission," said Ebbe Groes, Chief Executive Officer for EveryMatrix. "The… more
Ukash Recieves Queen's Award For Enterprise For Third Year Running
London, April 2025 – Ukash, the global e-money network, has been honoured in the Queen's Awards for Enterprise for the third consecutive year for its outstanding contribution to International Trade. At the heart of the Ukash mission is the empowerment of cash consumers in the online world. This latest Award reinforces the company's sustained commitment to this goal which has resulted in a phenomenal 65% year on year growth. Processing eMoney transactions throughout the world, Ukash enables consumers who either cannot or do not want to use traditional credit and banking cards to access online products and services. Ukash is… more
G2E Asia 2025 to Roll Out Exclusive TV Channel for In-Show Broadcasts
The American Gaming Association (AGA) and Reed Exhibitions has announced that, for the first time, Global Gaming Expo (G2E) Asia 2025 will be broadcast onsite over G2E TV, a self-contained television channel. Sponsored by Aristocrat Technologies, Inc., these broadcasts will provide attendees real-time show updates, interviews with decision makers from key gaming industry companies, expert market analysis on Asia's gaming landscape, conference bulletins, show updates, and a full review of each show day. G2E 2025 will take place May 21-24 at the Venetian Macao, in Macau S.A.R., People's Republic of China. "We are excited to launch G2E TV at G2E… more
BetSoftGaming Announces Partnership with Tain
BetSoftGaming, the originator and leader in true 3D cinematic gaming, have announced that they have entered into a partnership with Tain, one of the longest operating platform providers in the industry. Under the terms of the partnership, Tain will be delivering BetSoft’s entire suite of well over 150 games – including the iconic Slots3™ series of true 3D video slots – to their operators in the European market. ‘Tain have been leading the way in providing comprehensive platform solutions to operators since our industry was born,’ said Roger Admeus, BetSoft’s Sales Director. ‘They’ve grown and adapted as the industry has… more
Australia Proposes Banning Live Betting Odds On Broadcasts
The Australian government has been looking to cut back on the gambling problems that have swept across the country in recent years. With millions of residents having open access to betting, the government has been searching for ways to safeguard the industry while decreasing the amount of problem gambling cases in Australia. This week, the government and Free TV Australia have proposed a new amendment that would stop all on-air betting odds from appearing on sports telecasts. Currently, odds can be displayed throughout sporting matches on television, encouraging residents to bet on the remainder of the event. Free Australia TV… more
UK Executive Predicts Major US Online Gambling Expansion
As UK gaming companies scramble to get in on the budding US online gaming industry, one executive went as far as to predict that in the next couple of years, nearly half of all Americans will have access to Internet gambling. The revelation came this week from Probability Plc executive Charles Cohen. The executive was speaking regarding the reports that Probability is in advanced talks with major US gaming companies, with the intention of partnering and moving into the US market. “Within a couple of years, half the population of the United States will live either in a state or… more
Controversy Heats Up Over Florida Internet Cafe Laws
According to many analysts, the state of Florida is preparing for major casino gambling expansion over the next decade. Before the big gaming companies set foot in the Sunshine State, lawmakers have passed a law to clean up the existing gaming industry. The law, which bans Internet cafes that allow gambling on computers inside the establishments, was passed last month. This month, lawmakers are rolling out flyers aimed at educating the public on the details of the law. The flyers will be posted, threatening patrons that if they continue to gamble in the Internet cafes, they risk criminal prosecution. The… more
Ranks calls for policy re-think
Only days after receiving approval to purchase the land-based casino estate of rival Gala Coral Group Limited for £179 million, gambling giant Rank Group has called for the government to re-think its approach to gambling regulation in order to support economic growth in Great Britain. Maidenhead-based Rank has published its Game Plan report identifying three specific reforms that would alter the relationship between the gambling industry and the UK government while additionally instituting a different approach to gaming policy. "We believe that the over-arching role of gambling legislation should be to maximise the benefits to society and the economy while… more
Cherry invests in Yggdrasil Gaming
Online gaming operator Cherry AB has announced that its PlayCherry Malta Limited subsidiary has invested an undisclosed amount of money in Yggdrasil Gaming Limited to become the Malta-based developer's majority shareholder. Stockholm-based Cherry operates the norgesautomaten online gaming site alongside sverigeautomaten and danmarksautomaten and signed a deal in February that saw it become Yggdrasil Gaming's first licensee. Cherry stated that Yggdrasil Gaming offers a portfolio lottery titles including three-dimensional keno and scratchcard games for use with desktop, mobile and tablet devices. The company provides support in eleven European languages and can process multiple currencies while it recently applied for a… more
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