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Cashino makes UK debut

The UK has a new look High Street betting chain following the unveiling by owners Praesepe plc (formerly Aldgate Capital) of its ‘Cashino’ brand. The high impact rebranding exercise follows the GBP 25 million acquisition of 31 venues from HJM Caterers in July of this year.
 
Heralding the rebranding, which has been extended to all 31 centres, Praesepe AGC division MD, Jonathon Hughes commented: “It’s a very striking, high impact design which gives us an extremely strong presence on the high street. Cashino is a great name for our brand of low stake, high volume, fun and secure adult gaming.”
 
Expanding on the response to the change in ownership and identity, Praesepe CEO Nick Harding added: “I have been heartened by the response from both customers and our customer-facing staff. The team we have inherited from Jon Shipley is without doubt the best any of us in the senior management team at Praesepe has ever worked with. We are delighted that the Government is reviewing stakes and prizes for Category C machines, which represent the majority of equipment we operate in our centres.”
 
Prasepe has already announced a pan-European strategy to create through acquisition a leading UK/EU low stake high volume gaming group with earnings of £50m by 2010. It is intended that the portfolio will incorporate slots, sports/pool betting, bingo and online gaming operations with key target markets including the UK, Czech Republic, Spain, Italy, Netherlands and Germany.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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