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…
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…
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…
UK punters who wagered on the outcome of the Chelsea-PSG Premiere League match-up with Sky Bet last week thought they'd stumbled onto an incredible opportunity. The popular bookmaker's mobile betting site had offered up 25-1 odds that PSG would win the match in extra time...and that's exactly what happened. But when those punters went to…
Betvictor gambled on its ability to boost revenues with its own, in-house live casino studio and lost. After 18 months of operation, the Malta-based operator is shuttering its live casino studios and moving on. The company's indigenous live casino facility had been in business since October, 2013 and was operated in conjunction with Media Live…
Betfair betting exchange stock prices took a 21% leap after the company released some very impressive numbers in their Q3 earnings reports. According to a report from CalvinAyre.com, Betfair's revenue was up 20% last quarter over the same time last year. Earnings on that revenue were up a whopping 17%. Mobile wagering was one (of…
Paddy Power is reporting record profits for 2014, a year company officials describe as having, "more ups and downs than Taylor Swift's love life." Earlier this week, the Ireland-based bookmaker reported that group revenue from 2014 was up 18% from the previous year while pre-tax revenue was up a whopping 21%, according to a report…
If there's one company in the igaming business that knows the value of the old adage, "There's no such things as bad publicity," it's Paddy Power. Ireland's biggest independent bookmaker has a reputation for off-the-wall promotions but their recent, "Money back if he walks," Oscar Pretorious murder trial promotions was one for the books. The…
William Hill's bid to acquire 888 Holdings has ended after the two gaming giants could not come to terms on a price for the deal. BBC News reported that the final offer from William Hill was somewhere in the neighborhood of £744m ($1.1 billion USD). That offer valued each 888 share at about 200 pence.…
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