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SPAIN EXPECTS TO SHARE IN GIBRALTAR'S ONLINE GAMBLING SUCCESS
The Rock has the hi-tech gear, but communication links run through Spain, claims regional Mayor
The mayor of La Linea, a city near online gambling licensing jurisdiction Gibraltar, reminded the Gibraltar Chronicle this week that The Rock may have the clients and the technology, but its communication links are through Spain....and La Linea expects to benefit from it.
Mayor Alejandro Sanchez told the publication that there are currently 37 online gambling firms offering services in Spain, with just five of them controlling up to an 86 pecent share of the lucrative Spanish internet sports betting market.
Most of these companies are licensed in foreign territories like Malta or Gibraltar, and the sector is doubling its growth each year, he said.
Sanchez reiterated that La Linea expects to benefit from neighbouring Gibraltar's profits since the Rock’s telecoms expansion following the signing of the Cordoba Agreement. "The technology which allows this business to prosper is concentrated and distributed through La Linea territory,” he said.
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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.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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