William Hill, Paddy Power Betfair Competing to Acquire CrownBet

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Gambling industry consolidation talks have started up again, this time with Australian bookmaker CrownBet as the acquisition target by both William Hill and Paddy Power Betfair. CrownBet is 62 percent owned by Crown Resorts – Crown Melbourne is the host venue of the popular Aussie Millions poker series – which is itself part of James… Read more »

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FanDuel Co-Founder Nigel Eccles Leaves Company

FanDuel Co-Founder Nigel Eccles Leaves Company Thumbnail

Nigel Eccles, co-founder and CEO of daily fantasy sports (DFS) giant FanDuel, announced that Monday was his last day at the company. Matt King, the CFO of FanDuel from 2014-2016 will step into Eccles’ vacated role. Between his previous stint at FanDuel and now, King was equity partner and President of Regional Operations and Corporate… Read more »

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Libratus Poker AI Wins Prestigious Computing Award

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Libratus, the artificial intelligence powered by a multi-million dollar supercomputer that crushed teams of poker players in No-Limit Hold’em twice this year, was honored with the 2017 HPCwire Readers’ Choice Award for Best Use of AI last week. The Libratus Poker AI was developed by Tuomas Sandholm and Noam Brown at Carnegie Mellon University. I… Read more »

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UKGC Establishes Three-Year, Five-Point Strategic Plan

UKGC Establishes Three-Year, Five-Point Strategic Plan Thumbnail

The United Kingdom Gambling Commission (UKGC) unveiled a five-point strategy on Tuesday designed to make the gambling market “fairer and safer for consumers.” Forward-looking through 2021, the strategy looks to balance consumer safeguards with industry growth. The report opens by citing a few select statistics about gambling in the UK. Of the 50 million people… Read more »

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The Stars Group Owns PokerNews.com, Per PokerNews.com

The Stars Group Owns PokerNews.com, Per PokerNews.com Thumbnail

PokerNews.com, one of the longest tenured poker news sites in the industry, admitted yesterday what was really a poorly-kept secret: it is owned by PokerStars. The revelation, which was surprising in that iBus Media – PokerNews’ corporate name – pretended like nobody really knew, was made during an internal conference call and then posted as… Read more »

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Atlantic City’s Atlantic Club Casino Close to Sale

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The long dormant Atlantic Club Casino Hotel in Atlantic City may have a buyer, according to a report by The Press of Atlantic City. Dale Schooley, directory of TJM Properties, told The Press that his company is waiting on the “hard money” portion of the deal before things can be finalized. He would not say… Read more »

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Gambling on Pac-Man Is About To Be a Thing

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You know what I have never thought to myself while playing Pac-Man? “I’d really love to have some money riding on this.” Soon, that non-dream of mine will become a reality (is that the correct way to phrase that?) as Gamblit Gambling, LLC and BANDAI NAMCO Entertainment will debut Pac-Man Battle Casino at the Global… Read more »

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Scientific Games to Buy NYX Gaming Group

Scientific Games to Buy NYX Gaming Group Thumbnail

Gaming technology developer Scientific Games recently announced that it has agreed to acquire digital gaming provider NYX Gaming Group Limited. According to a press release, the purchase – financed with a combination of cash and debt – will be for CAD $2.40 per outstanding share of NYX, amounting to a total of approximately CAD $775… Read more »

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Absolute Poker, UltimateBet Claims Being Reviewed, Disputed Claims Up Next

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The Garden City Group (GCG), the Department of Justice-appointed claims administrator for millions of dollars-worth of lost Absolute Poker and UltimateBet deposits, announced this week that the deadline for claims submissions has passed. Petitions that were filed on time are being reviewed and after that phase is completed, the GCG will move on to look… Read more »

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888, Ladbrokes Draw Ire of UK Advertising Regulator

888, Ladbrokes Draw Ire of UK Advertising Regulator Thumbnail

Four online gambling sites are in hot water with UK regulators over internet advertisements masquerading as news. Fake news, if you will. 888, Ladbrokes, Casumo, and Sky Vegas were all scolded by the UK’s Advertising Standards Authority (ASA), the country’s independent regulator for advertising, but it does not appear that there will be any monetary… Read more »

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DraftKings, FanDuel Settle with Massachusetts AG for $2.6 Million After Deceptive Practices Investigation

DraftKings, FanDuel Settle with Massachusetts AG for $2.6 Million After Deceptive Practices Investigation Thumbnail

Daily fantasy sports (DFS) leaders DraftKings and FanDuel reached settlements with the Massachusetts Attorney General’s Office last week after AG Maura Healey completed an investigation into the companies’ alleged unfair and deceptive business practices. Each company will pay $1.3 million, with the money going to consumer protection and an AG’s Office program to “engage young… Read more »

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Malta Gaming Authority Launches New Online Licensing System

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Last week, the Malta Gaming Authority (MGA) announced that it is launching a new Licensee Relationship Management System in order to better facilitate communications between existing and prospective licensees and the regulatory body. The system, developed by Microsoft, is designed to simplify the licensing processes and keep them – as much as possible – online… Read more »

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GVC, Ladbrokes Coral Merger Talks Collapse

GVC, Ladbrokes Coral Merger Talks Collapse Thumbnail

According to a Wednesday report in the Financial Times (FT), GVC Holdings PLC, the parent company of partypoker, attempted to acquire UK bookmaker Ladbrokes Coral during the last few weeks, but had its offer declined. FT says that its two sources close to the situation, GVC set the value of Ladbrokes Coral at 140p per… Read more »

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Maine Legalizes Daily Fantasy Sports

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Maine became the 15th state to enact legislation to legalize and regulate daily fantasy sports on Wednesday, continuing its momentum that is leaving online poker in the dust. It is also the sixth state to do so this year, following Arkansas, Delaware, Mississippi, Vermont, and neighboring New Hampshire. The bill, named “An Act To Regulate… Read more »

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Amaya Changes Name to The Stars Group

Amaya Changes Name to The Stars Group Thumbnail

PokerStars parent company Amaya Inc. has finally made the transition it previewed this spring, embracing the power of the PokerStars brand and changing its corporate name to The Stars Group. Along with the rebranding comes a headquarters move from Montreal to Toronto. In a brief press release, the company said: TORONTO, Canada – August 1,… Read more »

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Macau Police Nab Pair of Chip Counterfeiters

Macau Police Nab Pair of Chip Counterfeiters Thumbnail

Last week, Macau’s Judiciary Police arrested two men for alleged casino chip counterfeiting, charging them with fraud. It is also very possible, if not likely, that the men are linked to as many as six other counterfeit chip cases since July 19th. In a press release, the police department indicated that it responded to a… Read more »

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