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Harrahs Online Gambling
9/11/09 - The big industry news story as the week ended was the deal signed by Gibraltar-based online gaming group 888.com and the new interactive division of giant U.S. casino operator Harrah's Entertainment. The deal means that Harrah's Interactive will use 888 software in Europe.
The news sent 888 shares soaring over 10 percent to a two month high as it broke Friday..
888 said its Dragonfish unit would support the British launch and roll-out of Harrah's World Series of Poker (WSOP) and Caesars Casino.
And 888 may have further US deals up its sleeve.
"It's an amazing deal if the U.S. market opens up to online gaming one day and it's a good deal even if it's Europe only. We have more big American deals in the pipeline for the B2B unit," chief executive Gigi Levy told Reuters in an interview.
Financial details of the deal were not disclosed but Levy said it was worth "millions of dollars" and would be earnings enhancing as soon as 2010.
Under the deal Dragonfish will deliver e-payments, and customer support services to help grow the WSOP and Caesars brands online.
Harrah's operates of more than 50 land casinos.
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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.
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.
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.
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