News

I-gaming M&A: Paddy Power and Betfair

The phase of consolidation continues in the internet gambling sector with the announcement by Paddy Power and Betfair that they are considering a merger. Paddy Power gave a few reasons for the thinking behind the Betfair merger: the scale and capabilities  to compete in existing and new markets; […]

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Chinese gambler adds to stock market volatility

Chinese gambler adds to stock market volatility By Warwick Bartlett Gambling operators the world over are in search of the Chinese gambler. Their appetite to gamble meets no global equal. Whether you operate casinos in Africa, South Korea, Australia or Las Vegas your revenue will be boosted […]

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Cuba: the Macau of the Caribbean

Cuba: the Macau of the Caribbean By Warwick Bartlett For the first time in 54 years Cuba and the United States restored diplomatic relations on 20 July 2015. In the 1950s Cuba was a popular destination for Americans: good exchange rate, nice beaches and casinos only 180 […]

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Queensland considers further casino resorts

Tourism is a major source of revenue for the Australian state of Queensland, generating approximately A$4 billion per annum. But, at the same time, Queensland is also the most indebted state in Australia with debts amounting to A$45.8bn in 2014/15 (source: the Mid-Year Fiscal and Economic Review […]

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GVC and 888 fight for the right to Bwin.Party

GVC and 888 remain locked in battle for the takeover of Bwin.Party as the process of consolidation continues apace in the gambling sector. The fight looked to be over after 888’s offer of almost GB£ 900 million was recommended to Bwin’s shareholders. But GVC has jettisoned its […]

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Vladivostok: Russia’s Vegas in the forest

When gambling in Russia was banished to four far-flung regions of the massive country in 2009, the idea that Vladivostok, the administrative centre of the Primorsky Krai region (and still home to Russia’s Pacific fleet), could become a successful gaming resort seemed unlikely. But, six years later, […]

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E-sports betting: virtual worlds, real greed

Betting on e-sports has become a hot topic in gambling with the likes of Unikrn, Vulcun and AlphaDraft all raising millions of dollars to develop their e-sports betting platforms. But whilst betting on e-sports is still an emerging sector, there is evidence that the long-established human traits […]

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Asia claims world’s top 10 casinos

Asia is home to all of the world’s top 10 largest casinos, as measured by gaming revenue (US$), seeing off all the competitors in Las Vegas and Australia. Indeed, eight out of the top 10 casinos are in Macau, with the Galaxy Macau taking the number one […]

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