Mobile slot developer Odobo closes for business

Article by - - filed under Business, Online Slots.

oddventurers on tablet

Online slot game developer and casino marketplace Odobo has officially closed for business. The Gibraltar-based gaming business cited high costs and a fragmented market for the key reasons the business failed. The company’s website has been replaced with a single message explaining the reasons why Odobo is shutting its doors. Stating a need for a… Read more »

PayPal drops payment protection on gambling transactions

Article by - - filed under Business, Online Gambling.

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The world’s most recognized online payment provider PayPal has announced that they will cease offering payment protection to any gambling-related transactions in the United States, Canada and Brazil. In a statement made by the US company as part of an update to their User Agreement, PayPal will stop protecting gambling-related payments from June 25. This… Read more »

NYX Gaming wins race to acquire Openbet for 270m GBP

Article by - - filed under Business.

nyx and openbet

NYX Gaming Group has announced to the market that it has a binding agreement to purchase Openbet from the private equity company Vitruvian Partners LLP. The total price tag to acquire Openbet’s B2B business is expected to total £270m (€338m or $386m). NYX will be supported in their bid from bookmakers William Hill and Sky… Read more »

David Baazov and two others face insider trading charges

Article by - - filed under Business.

david baazov with pokerstars amaya logos

David Baazov, the CEO of online gaming company Amaya, is under investigation by Quebec’s security regulator, the Autorité des marchés financiers (AMF) for alleged insider trading. Baazov faces 5 charges relating to the acquisition of Pokerstars owners Oldford Group Ltd. An employee and advisor are also under investigation with a total of 23 charges filed…. Read more »

Malta-based LeoVegas gets Swedish Nasdaq listing

Article by - - filed under Business, Online Casinos.

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The gaming firm LeoVegas has announced they are publicly trading on the Nasdaq First North Premier exchange in Stockholm, Sweden. LeoVegas was a relative late comer to the online casino market, but rode the wave on mobile gaming whilst its competitors were adjusting their websites. Since their launch in 2012 LeoVegas has aggressively targeted legal… Read more »