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State-owned gambling monopoly Veikkaus sheds 129 jobs

Some 129 workers at Finland’s national gambling monopoly Veikkaus will lose their jobs, following co-determination talks which came to a close on Monday, the company has announced. Image: Ismo Pekkarinen / AOP A total of 129 jobs will be cut at gambling monopoly Veikkaus, according to the company.  The cuts affect some 65 to 70 contracted employees, about 20 temporary workers and some 25 employees due to retire from the company. Company management and representatives of some 960 employees…

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The gaming operators’ final year was a record-breaking success

The year 2016 was the last year of operations of the Finnish gaming operators Fintoto, Finland’s Slot Machine Association, and Veikkaus. At the beginning of 2017, a new gaming company was launched, as the gaming operations of the three previous operators merged into a single company called Veikkaus. The new Veikkaus Oy is owned entirely by the Finnish State and has the exclusive right to operate all gaming in Finland. The gaming revenue continues to be used for good…

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32Red launches €50,000 Cash Drop Poker promotion

32 Red Casino has launched a €50,000 Cash Drop promotion for poker players that will run until the end of this May. The promotion will see random €5 cash infusions awarded to any player at their cash tables,  every 5 minutes, for a total of €40,000 in cash prizes. The ending date for the promotion is May 31st. The selection will be entirely random, with the only requirement being that players join a cash table at any time during…

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Online betting firm 888 investigated by watchdog

Online gambling company 888 is being investigated by the industry regulator, which has the power to strip betting firms of their licence to do business, amid concern over the tools it uses to help problem gamblers. The Gambling Commission is examining 888’s “self-exclusion” regime, a system betting firms use to allow customers to bar themselves voluntarily from gambling. The company, founded by a trio of Israeli entrepreneurs in 1997, does offer self-exclusion tools, such as a six-month hiatus when…

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PEZA changes mind on online gambling firm ban

Online gambling firms located in Philippine Economic Zone Authority (PEZA) accredited sites may stay in their premises for as long as they are accredited by the Philippine Amusement and Gaming Corporation (PAGCOR). In April, PEZA announced that the agency would no longer allow online gambling firms to stay in their accredited sites for the reason that gambling is not within their mandate and that it might affect operations of their so-called “legitimate” business process outsourcing companies. PEZA Director General…

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500.com buys Maltese parent of Multilotto.com

Struggling online lottery operator 500.com has made another attempt to diversify its business model by acquiring the parent company of Nordic-facing online gambling operator Multilotto.com. On Friday, the Nasdaq-listed 500.com announced that it had reached a deal to acquire 93% of the outstanding shares of The Multi Group Ltd, the Malta-headquartered parent of Multilotto. The deal, which is worth €49.8m (US $56m), is subject to regulatory approval. Multilotto offers lottery betting and online casino services via a Curacao eGaming…

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Hard Rock International Elevates Investment in Trump Taj Mahal Casino Redevelopment

Hard Rock International has increased planned investment for the redevelopment of the former Trump Taj Mahal casino resort in Atlantic City, CEO Jim Allen revealed at the recently held East Coast Gaming Congress. The internationally recognized owner of themed cafés, restaurants, and casinos has decided to spend $500 million instead of the initially announced amount of $350 million on rebranding and redeveloping the shuttered casino property. Trump Taj Mahal was opened in 1990 by current US President Donald Trump….

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