The Telegraph – The smart money is on a gambling machine clampdown as early as this year, according to the bears at JPMorgan Cazenove. Ladbrokes dropped 8.1, or 4.9pc, to 158.6p and William Hill slid 6.6, or 1.8pc, to 355.4p after the broker’s betting experts said Government restrictions on Fixed Odds Betting Terminals (FOBT) were likely to be implemented in the autumn, although moves could be made earlier in 2014. “A reduction in stakes and/or prizes is the most likely outcome, in our view, which could be achieved within existing legislation,” the analysts argued. That in turn could lead to…

iGaming Business – UK bookmaker Coral has agreed a two-and-a-half-year deal to become the official European online betting partner of English Premier League top-flight football club Chelsea. Under the deal, Coral will deliver exclusive betting offers to Chelsea fans on a weekly basis for various markets around the world. In addition, supporters will also be able to access the Coral service online or by downloading the Coral app via mobile phone or tablet. “We spent considerable time planning and deciding on the right partner in this market sector and in Coral we have found, like ourselves, an established name that…

iGaming Business – UK bookmaker William Hill has signed up to carry Turf TV’s coverage of US racing in its betting shops. The newspaper said that Turf TV, a joint venture between 34 leading UK racecourses, would show live coverage from US tracks such as Gulfstream Park, Laurel Park, Santa Anita and Pimlico Racecourse. The coverage will be shown in William Hill’s 2,400 UK betting shops. “Turf TV will become William Hill’s exclusive supplier of US racing from February 2014,” Adrian Ford, the managing director of Turf TV’s parent company, Amalgamated Racing, said. Ford added that the deal would give…

Gambling 911 – On Friday January 17, 2014, Teddy Dryden Mitchell, 59, of Oklahoma City, was sentenced by United States District Judge David L. Russell to serve 27 months in federal prison for running an illegal gambling operation, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma. On September 24, 2012, an 81-count federal indictment was unsealed charging Mitchell and other individual defendants with crimes involving an illegal gambling operation and the money laundering of proceeds derived from that operation. Specifically, the indictment alleged that the defendants (1) operated “high stakes” poker games from a residence…

iGaming Business – UK bookmaker Ladbrokes has issued a post-close trading update in which it said it expects operating profit for 2013 to be on target and in line with forecasts. The company said that operating profit would likely be “around the middle” of the current range of analysts’ forecasts of between £129.8 million (€155.8 million/$212.3 million) and £151 million. Ladbrokes also said that it remains on track to deliver against its key strategic priorities in the first half of the year. The company highlighted driving digital performance through to the second half of the year as one of the…

Online-Casinos.com – Looking at the various online gambling jurisdictions around the world its interesting especially for the investors in the online gambling industry to follow the trends and keep on top of the latest stats. Many investors in stocks related to internet gaming are the ones reading the hundreds of articles from around the globe. The most complicated of the jurisdictions is turning out to be the European sector and all of the countries belonging to the European Union. One would naturally think that the European Union has one set of rules for E.U. members but of course that’s not…