Online Casino News From Around the Globe

William Hill Sack CEO James Henderson After Poor Online Performance
Jul21

William Hill Sack CEO James Henderson After Poor Online Performance

Back in 2014 William Hill fired their long standing Chief Executive Ralph Topping and hired Operations Director James Henderson in what was considered a controversial move then. After only two tears at been at the helm, Henderson has received the boot due mainly to William Hill’s poor growth in the online market. It is no secret that all the top UK bookmakers have had their hands full to grow as they have face higher taxation and increased regulation. William Hill have fallen behind their competitors who seems to have made a lot more progress in attracting the younger audience via mobile apps. In a statement William Hill Chairman Gareth Davis did not deny the fact that Henderson had been fired with immediate effect and said,” There remain significant challenges and in the recent past online has not performed in line with our high expectations as a company at the forefront of the market,” Davis went on to thank Henderson and said,” James’s career with William Hill has spanned over 30 years covering the Retail, Online and international businesses. We would like to thank him for his significant contribution and we wish him all the best for the future.” Henderson will not have to worry about losing out on his contract as he will receive 12 months notice as per agreed in his contract which will mean around $1.21 million. The news was received well by the markets who gave William Hill’s share price a hammering after the Brexit vote on June 24. Thursday saw trading up by 5.3 percent at 290 pence. CFO Philip Bowcock has been appointed interim CEO until a full time replacement can be...

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Saudi Clerics Declare Pokemon Go Forbidden Gambling
Jul20

Saudi Clerics Declare Pokemon Go Forbidden Gambling

The global phenomenon of Pokemon Go has got millions around the globe chasing virtual characters to the amazement and bewilderment to many who are not part of the global craze. The Pokemon Go mobile application has become so popular that it has led Saudi Arabia’s top clerics to declare it a violation of Islamic code and equates it to gambling. Back in 2001 when Pokemon was played with cards the Saudi clerics came out forbidding the playing of the game claiming that there were Mason like symbols and violated the Islamic prohibition against gambling. Fifteen years later the same clerics are equating the updated Pokemon Go version to the original and have issued the edict on the Kingdoms portal for official religious decrees. The clerics went on to call the six pointed star used in the game as an image associated with the state of Israel and crosses that appear as a symbol of Christianity. The premise that Pokemon Go encourages gambling is based on the fact that players can purchase in game currency with real money. Despite the opposition to Pokemon GO in the Middle East it remains highly popular despite not officially been released there. Other religious leaders in Egypt have also come out against the game claiming that a “ manic attachment to technology” can also make people forgetful toward worship and...

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Russia Considering Changing Policy On Bitcoin
Jul19

Russia Considering Changing Policy On Bitcoin

The Russian government’s policy towards digital currencies like Bitcoin has been unclear to say the least. In 2014 we reported on the Russian Prosecutor General’s office banning virtual currencies claiming it could be used to launder money and finance international terrorism. There are reports surfacing now that the government is considering declaring digital currencies like Bitcoin the same as foreign currency. This would result in Bitcoin still being banned but users wishing to buy the currency on exchange platforms and spend it in other countries will be able to do so. However Russian Deputy Finance Minister Alexey Moiseev made it clear that the ban would still remain in place and anyone using any cryptocurrency in Russia would be breaking the law. The revised bill is only going to permit the use of cryptocurrencies outside of Russia, Moiseev went on to say,” According to the Constitution… the only ruble issuer [in the country] is the Bank of Russia. Thus, issuing any other currency is illegal.” The proposal which will open the door for a limited use of Bitcoin will be submitted to the Duma by the end of 2016 where it will be up for...

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Interpol Crack Down On Illegal Gambling During Euro 2016
Jul18

Interpol Crack Down On Illegal Gambling During Euro 2016

Illegal sports betting has been covered by our team in the past. The exact sums that are wagered are not known but there is agreement that billions of dollars are lost annually to underground sports betting. Major sporting events like the recent Euro Championship are always at high risk of such illegal activity as billions around the globe follow major sporting events. Interpol was active in the Euro Championship and was involved in a crackdown on multiple websites that resulted in over 4000 people been arrested and cash exceeding $13 million to be seized. According to reports Interpol raided illegal dens in multiple regions including Asia, Europe, China, Singapore, Italy and France. Interpol’s head of anti-corruption and financial unit, Jim Anderson said,” illegal gambling generates massive profits for organized crime networks which are often linked to corruption, human trafficking, and money laundering.” It is worth  pointing out that we reported last year on a United Nations conference in Doha where it was even reported that the illegal sports betting market could be potentially worth as much as $3 trillion. Asia makes up around 65% of the illegal sports betting market with football taking in the most...

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West Virginia Declares DFS Skill Based and Not Illegal Gambling
Jul15

West Virginia Declares DFS Skill Based and Not Illegal Gambling

The state of West Virginia has come out in favor of the legality of daily fantasy sports which is a welcome change from other states who have declared DFS another form of gambling. Attorney General Patrick Morrisey came out this week and stated that DFS is legal as it involved the element of skill which means it does not fall under the legal restrictions of gambling. Morrisey said,“fantasy sports games are a bit different than games that are decided predominantly by chance. We read state law to prohibit only betting upon games decided at least predominantly by chance.” Fantasy Sports on the other hand are,” predominantly by skill, knowledge, and athletic performance.” Morrisey’s opinion is a brave one and is vast contrast to his neighboring Attorney General Matthew Denn in Delaware who believes that DFS is nothing short of real money gambling and is based on chance and not skill. Although any victory is welcomed by embattled DFS operators, the question as to whether West Virginia will tax and regulate DFS is still not clear and could become a reality if the legislators decide to...

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