"/>
Headlines
Tips and news, comments and stories of different areas in Worldwide betting scene.
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…

Read More

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…

Read More

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…

Read More

UK gamblers lose £13.8bn in 2016

The UK Gambling commission has confirmed that British gamblers lost a record breaking £13.8bn in the year ending September 2016, an increase 2.9% from the previous period’s figures. In a report published today, the commission also revealed that £1.82bn was lost by gamblers on fixed-odds betting terminals (FOBTs), higher than previous totals and despite the number of machines in operation only increasing by 9%. The fixed odds betting terminal has become something of a political hot potato in recent…

Read More

iGaming recruitment hike in 2017

Specialist media and iGaming recruitment agency Pentasia has reported that the number of individuals being recruited for the European iGaming industry during the first five months of 2017 is already greater than the figure recruited during the whole of 2016. Analysis by the recruiter found that there was a sustained stream of senior sales and account management positions becoming available, due in no small part to increased confidence in the industry as a whole and a larger talent pool….

Read More