For popular online slots developer, PlayTech, expansion is the name of the game. Recently, the company has been expanding into a wide range of online gambling markets around the world but these numerous transactions have just not been enough. PlayTech hopes to raise over $150 million to fund additional joint ventures and acquisitions. In order…
Monthly Archives: November 2011
Full Tilt Poker Acquired by Groupe Bernard Tapie
After weeks of negotiation, Full Tilt Poker has been bought by Groupe Bernard Tapie. Together, the two companies will work towards refunding players from around the world and resuming the online poker website’s operations. It has been long time coming, but things are finally beginning to improve for the once renowned online poker operator. After…
Local Athlete Acquitted of Match Fixing Charges
In New Zealand, a major concern among gambling operators is the potential increase in match-fixing and sports corruption that is occurring in the sports market. However, one recent case of the crime has been thrown out in court. John Elias, a former NRL player and coach was accused of taking part in a match-fixing scandal,…
Gambling Reform Will Not Do Significant Damage to Clubs
Labour MP Jenny Macklin states that Andrew Wilkie’s gambling reform will not hurt clubs as much as operators would have us believe. Since Wilkie announced his plans to enact poker machine reform, clubs across the country have claimed that over 30% of profits would be lost, having dire effects on the local economy. Macklin believes…
New Zealand Casino Profits on the Increase
New Zealand-based Sky City Entertainment expects that, by the year’s end, its profits will be up by 7%. With several positive signs indicating that 2011 will have been an incredibly profitable year for the company, Sky City is confident about the profit increase. At Sky City’s annual meeting, CEO Nigel Morrison stated that he expects…
Match-Fixing Now A Crime in Australia
The Australian federal government will make match-fixing into a specific crime. According to Stuff.co.nz, those involved in match-fixing schemes could face up to 10 years in jail and significant fines. In recent years, Australia’s sports industry has been plagued with many scandals – and local politicians are fed up with the market’s increasingly dubious reputation….
New Zealand Casino Recovers from Smoking Ban
Last year, a smoking ban was imposed on Darwin’s SkyCity Casino. After profits took a massive dive, the gambling venue is beginning to recover, as patrons come crawling back to the casino. SkyCity issued a statement, indicating that profits are on the rise again, despite a challenging time after the introduction of the smoking ban….
NZ Developer Launches Online Slot Machine
IGT is one of the top providers of poker machines in New Zealand. Aside from Aristocrat, it is the only source of high quality electronic gaming machines in the country. For over a decade, the company has provided casinos and other gaming venues across the country with a wide range of slot machines and poker…
TAB Proposes Stand-Alone Gaming Venues
Currently, gambling laws in New Zealand prohibit the placement of pokies in stand-alone gaming venues. However, TAB is seeking an amendment to the law, having made an in-depth presentation to the Grey District’s Council earlier this week. The prohibition of pokies in standalone venues was aimed at reducing rates of problem gambling. TAB adhered to…
Infinity Gaming Society in Trouble With The Law
New Zealand has some very strict gambling laws, and operators are very keen on following them closely. The penalties are steep for anyone who violates these laws, so it is quite uncommon for there to be any legal breaches. However, the Infinity Foundation Gaming Trust has recently been accused of doing that very thing. An…
