Online Casino News From Around the Globe

NYX Shareholders Overwhelmingly Approve The Scientific Games Acquisition

Despite some serious hiccups on the way namely in the form of William Hill, the much talked about acquisition of NYX Gaming Group by Scientific Games is going ahead. Nyx’s shareholders voted in overwhelming favor to approve the $631 million takeover by Scientific Games. NYX shareholders voted with 99.6 percent in favor of the acquisition under a Guernsey court-sanctioned scheme of arrangement. The level of support required under Guernsey Law was 75 percent so the final results of 99.6 percent smoothed the way for approval of the Royal Court of Guernsey which has been set for January 5. Needless to say NYX CEO Matt Davey was delighted with the result and said it was a “win-win for both companies and our collective shareholders. He went on to point out the benefits that Scientific Games will get from the deal as they will enjoy being part part of a company with unmatched global reach, resources and industry leading content.“ In turn Scientific Games CEO Kevin Sheehan welcomed the “ strong Support: from NYX shareholders and believes the acquisition will turn them into a major force in sports wagering, Only a few weeks ago many thought that the deal would not go through due to William Hill’s objections yet all parties have been “ placated” and have had their concerns…

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NSW Gaming Minister Under Fire For Delaying Report On Problem Pokies

The controversy in the UK over fixed odds betting terminals is well publicized and is a major political hot potato. The issue of problem gambling is a concern for all governments as the effects of irresponsible gambling are devastating to many communities who can least afford it. As we have reported the Aussies are the most prolific gamblers on the planet so problem gambling is also a major issue being tackled by the government. With this in mind a NSW government minister Paul Toole who is the Gaming Minister has come under fire for releasing a report which exposed the dangers of pokes almost two years after it was completed. The report which was completed by the University of Sydney’s gambling treatment and research clinic had some damning findings regarding pokie players. According to the report Pokie players featured prominently when it came to gamblers seeking treatment and report higher frequencies of health related issues. While Toole said that the report would provide vital insights into understanding of gambling participation and behavior including the type and level of harm in various regions, the author of the report had raised questions as to the delay of the report. Toole in response to the long delay said that it was necessary as the “report made a number of legislative, regulatory and policy recommendations which needed be to clarified and further considered by Liquor & Gaming NSW. It was important the government gave due regard to these issues as part of an extensive process of evaluation. Once this had all occurred, the report was released without delay.”…

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Lottoland Launches First Ever Bitcoin Lottery

Online lottery disruptor Lottoland prides itself on being innovative in the online lottery market and is always looking to market themselves according to the latest trends. Without a doubt the Bitcoin phenomena in the last year has been one of the most spectacular commodities to follow. The extreme fluctuations have literally many saying it is like a lottery or a casino in that you never know what the next day will bring. In the pace of a year the virtual currency has soared from £1k to over £12k and no one knows if this is a bubble and if so when it will pop. The global frenzy for Bitcoin is what lottoland hopes to take advantage of. They have just launched the worlds’ first officially licenced Bitcoin lottery which is for 1,000 bitcoins which at the moment is around £12m pounds but could soar even higher depending on the currencie’s volatile fluctuations. The Bitcoin lottery will be based on the result of the Spanish “Bonolotto” lottery which takes place daily from Monday to Saturday. CEO of lottoland Nigel Birrel commented on their latest innovation to traditional lotteries,” Innovation is what drives everything we do at Lottoland. We are not afraid of experimenting and we never lose sight of what our customers want. Bitcoin Lotto is one of several major innovations that we have introduced in 2017 and that will see us further establish our business as a truly world leading operator in the lotto betting…

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Mr Green acquires Evoke Gaming For €7 Million

Swedish Online Gambling Operator Mr Green has acquired Evoke Gaming for €7 million in a deal that will be completed in Q1 2018. Evoke Gaming had revenues of €15.5m in 2016, Evoke’s online gambling brands include Redbet, Vinnarum Casino as well as the MamaMia bingo sites which focus mainly on the Swedish and Nordic markets. In terms of the deal Mr Green will acquire all shares in Evoke Gaming from Bonnier Growth Media for €7m with an additional optional €1.5 million subject to certain conditions. CEO of Mr Green Per Norman commented on the deal,” Evoke Gaming is an ideal fit for our business plan and strategy. We are pursuing our strategy of nurturing a small number of strong brands that can work globally. With Redbet and Mr Green, we have two immensely strong brands addressing different segments and we see major potential to expand Redbet into our existing markets.” CEO of Evoke Gaming Fredrik Staël Von Holstein said,” Evoke Gaming is on the threshold of a significant turnaround. Mr Green will give us the muscles to continue growing internationally in an effective manner.” Upon completion of the deal Fredrik Staël Von Holstein will remain to head up Evoke Gaming and will become a member of Mr Green’s Management in…

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Camelot Under Fire From Government Watchdog As Good Causes Revenues Fall

UK National Lottery Operator Camelot is coming under fire from government watchdogs due to the disparity between profits in the last seven years and money given to good causes. The National Auditor Office (NAO) reports indicates that income fell to £1.63 billion while at the same time three of the largest Lottery distributors increased their grant commitments by a total of £88 million. This latest drop came as Lottery sales fell by 9% to £6.93 billion compared to the previous year. To make matters worse Camelot have said they expect a further decrease in money for good causes in 2017-2018. Chairperson of Westminster’s public accounts committee Meg Hillier even voiced her suspicion that Camelot may not be operating under the National Lottery Act due to the 15 percent drop in income for good causes. She went on to point out that the drop in income for good causes comes at a time when Camelot’s profits increased by 122% in the last seven years. Another factor in the lower revenues was the fact that there was drop in draw-based games where return ranges from 34p for each pound spent. This is in contrast to scratch cards who showed an increase in sales and where only around 10p of every pound went to good…

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