Online Casino News From Around the Globe

Paddy Power Under Fire For Not Reporting 2010 Online Security Breach

The threat of hackers and DDoS attacks on gaming sites is a growing problem. Back in February we reported on the fiasco of Sheldon Adelson’s Sands casino sites going off line for a weeks. After the dust settled it emerged that Sands officials were not entirely honest about the exact extent of the data compromised. Many have been warning the threat of DDoS attacks is one of the key issues facing online operators as without the knowledge that their personal data is completely safe and secure many online gamblers will simply not take the risk of playing online. This week saw another online operator duck and dive after it emerged that they had a serious security breach in 2010. Ireland’s largest bookmaker Paddy Power has come under fire for only admitting 4 years later that that over 650,000 customer’s personal information had been compromised. This included details that could easily be used to commit identity theft such as phone numbers, date of birth, addresses as well as security questions and answers. The delayed exposure of this security breach has got many up in arms including the Irish Government Minister of state at the departments of the prime minister and foreign affairs Dana Murphy came out with strong criticism for the Irish bookmaker. She stated that she was very disappointed at the revelation of the security breach emerging only now and which Paddy Power failed to inform the office of the Data Protection Commissioner at the time. Murphy however did confirm that the office of the Data Protection Commissioner was now working closely with Paddy Power representatives to ensure that future security breaches are reported and dealt with promptly. Many are asking how many other security breaches have occurred which simply never get publicized. Online casino operators can ill afford any further cover-ups or “delayed” revelations if they expect online gamblers to embrace internet and mobile…

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IGT Net Income Up 10 Percent Despite Decrease in Q3 Revenues

Last month’s acquisition of IGT by Italy’s GTECH for $6.4 billion certainly got tongues wagging in the gambling world. In their latest Quarter Three results IGT reported a drop of 10 percent in revenues to $467.6n from the same period in 2013. The upside however was that Net Income was up by 10 percent from $65.7m in 2013 to $72.1 m in the same period. CEO of IGT Patti Hart commented on the Q3 results, ”July saw the culmination of our process to evaluate strategic alternatives for IGT and our shareholders. We successfully balanced this effort during the third quarter with our focus on continuous improvement in our business evidenced by expanded gross margins and expected EPS performance. Our effective cost management has improved efficiencies in a challenging industry environment and has positioned us for future market opportunities.” Like with Caesars Interactive Entertainment and their social casino subsidiary Playtika, IGT has a lot to be thankful for with their social casino division DoubleDown Interactive. Revenues were up 17 percent to reach $72m. The daily active users base for DoubleDown Interactive increases by 8 percent to 1.83m with booking per DAU rising by 7% to $0.43. Monthly Active Users were down however by 10 percent to 5,97m. It is worth remembering that at the time of DoubleDown’s purchase by IGT only a few year ago for $500m many believed that the price tag was way too high. Looking back now IGT’s revenues have already justified the price…

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Amaya Shares Rise 18 Percent Following Gaming Regulators Approval

It’s been a good few months for shareholders of Amaya Gaming. On Tuesday their share price rose a record 18 percent after the Canadian company’s acquisition or the parent company of PokerStars Rational Group was approved by gaming regulators. The $4.9 billion deal is one of the biggest in the last few years in the gaming industry. PokerStars is the largest online poker firm with over 80 million registered users. This latest approval is yet another step for them towards expanding into the U.S online gambling market which shunned them until recently. Rational already has online poker licenses in Europe including France, Denmark, Belgium and Germany. Following the good news Amaya’s Share price rose in Tuesday to $30.60 which made them among the top gainers in the Toronto Stock Exchange. Share trading was hectic as over 2.3 million shares swopped hands. As we reported in previous articles PokerStars are using Amaya Gaming as a new face in order to gain entry into the U.S online poker market. Ever since the Justice Department reviewed their stance on the Wire Act of 1961 in 2011, the possibility of legally operating online poker in the U.S had become a…

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Zynga Adds Sharknado Theme To Hit It Rich! Casino Slots

Social gaming giant Zynga has been trying just about everything to return to their glory days. It is no secret that they have fallen from the top spot in social gaming and their share price has lost 70 percent of its value since their IPO launch. One of their strategies has been to return to free-to-play games and abandon real money gaming aspirations. As part of this strategy they have released many popular themes slots in their Hit It Rich! Casino Slots. Their latest addition is that of the Sharknado themed slot machine game which is based on the film Sharknado 2. The game is centered around the wacky SyFy film in which player’s flea from the shark madness after a tornado hits Los Angeles resulting in sharks flying around. Players will get the chance to see clips from the Sharknado films as well as complete mini games. Players also get to search for tornadoes hidden under the bomb symbol. If they find a shark symbols it’s game over. Hit It Rich! Has been popular for Zynga and includes themes from Ted, FarmVille2, Olympus etc. All the games are available on iOS, Google Play, and on…

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Casino Jack Attacks Politicians For Their Online Gambling Stances

Kevin Spacey’s portrayal of notorious casino lobbyist Casino Jack and that of his role as U.S. Representative  Frank Underwood are closely connected. A recent interview with the most famous gambling lobbyist Jack Abramoff or “Casino Jack” as he is better known as describes the clear and undeniable connection between Washington politics and the gambling industry. Abramoff is certainly an expert in the corrupt world of politics and lobbying as he himself was sentenced to 43 months in a federal prison due to his lobbying efforts. Casino Jack is out of the jail and promoting his new book Capitol Punishment: The Hard Truth about Washington Corruption From America’s Most notorious Lobbyist. One of the first to come under fire in the book is that of Texas Governor Rick Perry who has taken a liking to gambling Mogul Sheldon Adelson’s anti online gambling crusade. It has been pointed out that Adelson donated over $100 million to republican candidates like Perry in the 2102 elections and Adelson was also a major support of the re-election race of Governor Perry in 2007. In his book Abramoff is scathing on the corruption in the industry. He says,” The gaming industry is entirely a political creation, and everything about it is politics. The gaming industry is entirely a political creation, and everything about it is politics.” Abramoff also points out the obvious hypocrisy of Sheldon Adelson whose anti online gambling campaign is no more than a desperate effort to protect his $2 billion properties. He went on to explain,” They’re billions and billions of dollars of investment, and you don’t want to see it go up in smoke because somebody goes and registers a website for $15.” Gov. Perry joined his patron’s anti online gambling crusade in March when he sent a letter to congressional leaders and the House and Senate Judiciary Committees asking them to reverse the 2011 DOJ’s reviewed stance on the Wire Act of 1961 which in essence has opened the doors for online gambling in the…

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