The Swedish online betting exchange, casino and poker operator Redbet Holding has announced last week the purchase of 98% of purchase a 98 per cent of Teletoto Ltd, the only state licensed National Gaming License for both retail bookmaking and online gaming in Lithuania.
Teletoto that has 20 betting shops and plans to go into online [...]
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Monthly Archives April 2007
Redbet gets a strong position in the betting market in Lithuania
Hungary gambling monopoly goes online
Hugarian State Gambling Monopoly, Szerencsejáték Zrt, has announced plans for expanding its services for the Internet. The monopoly is, of course (!), the biggest provider of gambling services in Hungary and has sole rights to supply number draw games, sports bets and prize draw tickets throughout the country and also has interests in four [...]
Mobile Gambling in Spain - Zero36 enters the market
According with an official press release, a new mobile gambling solution is available for spanish users. The Palace online gambling group subsidiary powered by Microgaming and marketed as Zero36 Spanish Casino Games are now available for direct download either through the Spanish Zero36 website or through Zero36’s Spanish WAP site when using any mobile Internet [...]
US will implement WTO online gambling rulings
says Director General of the WTO, Pascal Lamy, when talking at a meeting of the Ministers of Trade, making a reference to the rulings and recommendations of the WTO Dispute Settlement Body.
Acording with Antigua Sun newspaper, he responded to a question put to him by Antigua and Barbuda’s Minister of Finance and the Economy, Dr [...]
Ladbrokes and 888 don’t strike a deal
UK bookmaker Ladbrokes has pulled out from the discussions with the online gambling company 888 regarding a possible merger, invoking the UIGEA law in Unite States had made the things too complicated these days.
The deal was supposed to be reached for an impressive 450 millions pounds, but the changes in the US gambling legislation have [...]
Sports betting might be liberalized in Germany
According with insiders, good news could come up for sports betting from the last meeting in Stuttgart between budget and financial speakers of the Christian Democratic Union and the Christian Social Union. It seems that an agreement was reached to abolish the state monopoly on sports betting, but to allow the national lottery to continue [...]
Bwin Reports increased gross gaming revenue for 2006
Austrian online gaming operator bwin Interactive Entertainment AG reported the gross gaming revenue, which is total betting volume minus customer winnings. This came in at euro 381.8 million in 2006, up from euro 144 million in 2005.
It also reported a net loss for 2006 because of depreciation charges related to its Swedish acquisition Ongame.The [...]
AC Milan fined over Bwin Sponsored Shirts
AC Milan have been fined 100,000 euros for wearing a shirt with Bwin, a sponsor outlawed in Bavaria during their Champions League match with Bayern Munich according to a council spokesman said on Thursday.
Milan’s shirt sponsor, private Austrian oddsmakers bwin, are not allowed to advertise in Bavaria and other German states because sports betting is [...]
Greece gambling monopoly threatened by William Hill
William Hill has announced that it will be applying for a licence to run betting shops in Greece , considering that recent ECJ decisions are favourable on the basis of the free movement of services and freedom of establishment under EU law.
Greek gambling monopoly, OPAP, has a monopoly to operate sports betting in Greece until [...]
Russian city Kaliningrad opens for gamblers from Denmark, Sweden and Norway
As a proof that the globalization is not reffering just to Internet business, you probably have heard that Russia has made online gambling illegal, but wants to keep 4 zone for foreigners.
According to some news, this could be the case of Kaliningrad, where the International Tourist Consultants says it has all the advantages of becoming [...]