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Rival Casinos Blocking UK Market
Monday July 27,2015 : RIVAL ONLINE GAMBLING SOFTWARE PROVIDER PULLS OUT OF U.K. MARKET
Players and affiliates advised that exit is effective July 25 2015.
Online gambling turnkey provider Rival Gaming has departed the UK market, according to communications from licensees to players and affiliates, who have been advised that all UK action is blocked from July 25.
Although no official reason for the exit has been given, Rival is active in several parts of the world, and it has been speculated that the comprehensive new UK licensing regulations applicable to software suppliers may be too difficult to comply with at this point.
Licensing involves certain mandatory operational disclosures, and compliance may make some companies uncomfortable.
In its recent annual report the UK Gambling Commission noted that since the new regulations came into effect there has been little evidence of black market activity, and it is clear that a good number of operators have discontinued UK operations rather than contravene the regulations and risk more difficult operational activity and possibly enforcement actions.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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