Posts Tagged ‘Financials; Taxation; Licences; Law and Legal Issues’
Earnings Fall For Gala Coral Group
Gala Coral Group Limited, a leading British operator of casinos, bookmakers and bingo halls, has announced its results for the end of the financial year revealing a ten percent fall in earnings to $533.5 million. The Barking-based private equity-owned group stated that turnover for the past twelve months dropped by three percent to $1.868 [...]
Tipp24 To End All Advertising Next Year
Leading German online lottery broker Tipp24 AG has announced that it will end virtually all online advertising for the brokerage of state lotteries in the nation next year due to a regulation in the new State Treaty on Gaming. The firm stated that the directive is designed to prevent gambling addiction even though there have been no studies [...]
Shake Up At Gaming VC
Leading European online gaming company Gaming VC Holdings has announced that chartered accountant Richard Cooper has replaced Gerard Cassels as its Finance Director. Luxembourg-based Gaming VC stated that 47-year-old Cooper spent the early part of his career in the money and stock markets where he was Finance Director for Tullett Prebon And [...]
World Sports Network Secures Venture Financing from Valhalla Investments
Chinese consumer sports website World Sports Network has announced it has secured a first institutional round of venture funding from Valhalla Investments Inc. Part of the agreemner will see the Valhalla director Mark Blandford appointed director at WSN. Both companies have had a successful 2008, with football websites www.ws.com and cn.wsn.com [...]
Paddy Power Advert Banned
Irish bookmaker Paddy Power has again fallen foul of advertising guidelines established by the UK’s Advertising Standards Authority (ASA) after previously having an advert banned in April. The most recent advertisement gave odds on 14 international airlines including British Airways and RyanAir going bust and ran in several UK national [...]
