A new UK gambling tax on remote gambling sites could radically shift the way bookmakers, and ultimately sports betting affiliates, do business with Brits. The consumption tax, which charges 15% on bets placed with offshore bookmakers will impact some of the biggest names in the business, including William Hill and Ladbrokes. (Both companies have servers…
[caption id="attachment_36145" align="aligncenter" width="300" caption="We've got your money right here."][/caption] August might be a time for rest and relaxation in most industries but with regulated US gaming on its way and a serious race to establish mobile dominance, the igaming world was very busy as July wound down. Legal News Full Tilt Ready to Payoff…
UK bingo operators are dropping record amounts of money on advertising in hopes of staying ahead of the competition. It's an arms race that's great news for advertising agencies and the big three bingo operators but bad news for bingo newcomers. According to a report in EGR Magazine, bingo companies spent £19 million ($29.5 USD)millionon…
[caption id="attachment_34028" align="alignright" width="300" caption="Tax revenue is the measure's main motivation."][/caption] A new UK gambling bill could shake up current licensing and taxation plans for bookmakers in a major way. The Gambling (Licensing and Advertising) Bill would introduce a point of consumption (POC) tax on UK operators and require a UK gaming license for anyone…
Betfair has rejected a buyout offer from a private equity firm valued at £900 million ($1.3 billion USD) saying that it, "undervalued," the company. The offer came from CVC Capital Partner, the outfit best known for bankrolling Formula One. CVC is run by Richard Koch, one of Betfair's earliest investors and the owner of nearly…
Zynga is staking its future on real money and, with this week's launch of ZyngaPlusPoker and ZyngaPlusCasino, they'll find out if that gamble pays off. The two sites are standalone gambling sites and only available to UK players over the age of 18. ZyngaPlusPoker is a standard online poker that features a variety of games…
888 made social media history this week with the official launch of MAGIC888, the first real money Facebook casino app. The Facebook-only app is available to UK players over the age of 18 and features a mix of table and casino games. Grabbing the first-to-market spot is major coup for 888 as the real-money social…
As many as 650 Betfair employees may be looking for new jobs after the company begins instituting a significant layoff plan. The job cuts are the result of Betfair's move to focus exclusively on regulated, worldwide gambling markets and impact employees worldwide. Though the company hasn't made a formal announcement regarding the layoff situation, unconfirmed…
[caption id="attachment_32249" align="alignright" width="232" caption="Bonza CEO, Rick Brownlow"][/caption] Bonza Gaming has joined the fast-growing ranks of companies offering real-money gambling (RMG) on Facebook with the launch of Bonza Slots. Bonza Slots consists of five Net Entertainment slot machines that have been optimized for the social gaming space and is available to eligible players in the…
[caption id="attachment_32114" align="alignright" width="300" caption="On land and online William Hill is booming."][/caption] William Hill reported double digit revenue growth in 2012 thanks to a strong performance from their online division. According to a recently released earnings report, the company's profits were a whopping $512 million, up from $432 million at this time last year. The…
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