North America

Online gaming ban will create US black market

U.S. Senator Robert Menendez has condemned the new bill introduced in the US which would effectively ban all forms of online gaming.  The “Restoration of America’s Wire Act” was introduced earlier this week in both houses of Congress by South Carolina Republican Senator Lindsey Graham and Representative Jason Chaffetz, a Republican from Utah. The Act would restore the long-standing interpretation …

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Morgan Stanley Lowers US igaming estimates

Investment bank and corporate financiers Morgan Stanley lowered its estimate of the U.S. Internet gambling market on Tuesday to $3.5 billion by 2017, down from a previous forecast of $5 billion. The Wall Street firm cited worse-than-expected technical issues in its projection, but said it’s optimistic about the new industry’s long-term prospects. It forecast an $8 billion market by 2020, …

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States’ poker focus too blinkered

SBC affiliate correspondent Marc Pedersen reports from the iGaming North America show at Planet Hollywood in Las Vegas. I’ve only been out at the iGaming North America conference for one day, but already I’m getting a good feel for how the market is setting itself with regards to the opening up on online gaming. While there is lots of media …

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‘Impossible’ task of finding a new Ralph Topping

William Hill chairman Gareth Davies has described the task of finding a like-for-like replacement for CEO Ralph Topping as ‘impossible’. With Topping looking to take retirement next year, it has fallen to Davies to head up the search for his successor and it is something that he ‘really goes to town on’. Speaking with CITY AM, Davies said that Topping …

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BetExpert.me Launches with Expert Betting Predictions

New sports prediction service –  BetExpert.me is offering 50 sport predictions per month. Besides that, the service offers at least 1 sport pick per day from professional team of experts for free. BetExpert.me offers hand-picked predictions for nearly all major sports. Sports predictions and tips come from professional handicappers with years of experience who combine insight and research to put the information clients …

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NTP amplification DDoS attacks on the up

Prolexic Technologies, an expert in Distributed Denial of Service (DDoS) protection services, has issued a high alert threat advisory on NTP amplification DDoS attacks. This attack method has surged in popularity this year, fuelled by the availability of new DDoS toolkits that make it simple to generate high-bandwidth, high-volume DDoS attacks against online targets. A Network Time Protocol (NTP) Amplification …

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Topping targets international diversification

Ralph Topping may have his sights set on retirement next year, but he is still setting targets for his company for long after he has left. The William Hill CEO told investors last week that the bookmaker should see 35-40% of its revenues come from its international operations by the end of 2017/beginning of 2018. International operations current supply 15% …

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US business boosts Sportech

Sportech chief executive Ian Penrose said that the company remains ‘well positioned for future growth’ in the US market and that the company has entered 2014 with confidence. Penrose made the statement during Sportech’s preliminary results for the year in which revenue grew slightly to £110.3m, as did EBITDA to £26.0m, although adjusted profit before tax was slightly down to …

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William Hill upbeat despite slight loss

William Hill has posted a slight loss after tax for 2013 (down 2 per cent to £226.5m) but the underlying trends in the business indicate a company still on the up. Net revenue for the whole company was up 16% to £1.49bn with Retail Net Revenue up 8% to £907m and online Net Revenue jumping 10% to £446.3m. Operating profit …

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Poker takes centre stage at iGaming North America

Several real-money online poker networks have gone live in Nevada, Delaware and New Jersey, and as a result the exclusive forum dedicated to online poker player issues will return to iGaming North America 2014. This year, the poker track at iGNA has an enlarged poker player panel along with the addition of a timely poker-specific session: Regulated Online Poker – …

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