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AMAYA SECURES FIRST LEGAL DOMINICAN ONLINE GAMING LICENCE

Posted 2/25/11 : Website to be launched towards the end of the year
 
Amaya Gaming Group, a Montreal-based developer of technologies for online gambling, revealed this week that it had secured a license to operate online gaming in the Dominican Republic.
 
The company's online gaming offering includes slot games as well as table games like Blackjack, Roulette, Sicbo, Craps and Baccarat as well as peer-to-peer games such as online poker.
 
An online gaming site is expected to be launched by the third quarter of this year.
 
"We are extremely pleased to have secured this license to operate online gaming in the Dominican Republic. We believe our extensive gaming library and technological capabilities have been key deciding factors in securing this license. As one the fastest growing segments of the entertainment industry, online gaming still represents a significant untapped market segment for Amaya" mentioned David Baazov, President and Chief Executive Officer of Amaya.
 
Commenting on the granting of the online gaming license, Conrado Abud, Director of Casinos for the Ministry of Finance of the Dominican Republic said "Based on our investigations and due diligence, we have decided to authorize Amaya with the only license of its kind to operate online gaming in the country. As such, this is a sector of the gaming industry that is rapidly developing in an illegal way. Amaya was granted the license to redirect this already existing but illegal gaming activity to a site that is secure, legal and trustworthy."
 
Amaya was recently awarded a licence to operate an SMS-based mobile lottery in the East African nation of Kenya.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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