BBC: Horse racing revenues hit by rise of offshore gambling

From BBC Horse racing was still worth £3.45bn to the UK economy in 2012 despite falling gambling revenues, a report has found. The report by the British Horseracing Authority (BHA) and Deloitte blamed the rise in online betting through sites based abroad for revenues falls. Web-based bookmakers do not pay a 10.75% levy to the industry, unlike physical betting shops. But the report said increases in revenues from television rights had partially offset the losses. When inflation is taken into account, horse racing was worth just 1.4% less to the UK economy than it was in 2008 – the last…

IGT signs Betsson partnership

From iGaming Business American computerised gaming equipment and systems designer and manufacturer International Game Technology (IGT) has signed a deal that will see online gambling operator Betsson AB utilise a selection of its desktop and mobile titles. Las Vegas-based IGT stated that Betsson will ‘significantly increase its online and mobile offering’ for a ‘multitude of countries ‘following a single integration with its remote game server (rgs) technology. Monopoly Plus, 100 Pandas, Cleopatra and Da Vinci Diamonds are to be among the selection of branded and non-branded games set to be offered by the Malta-licensed operator complete with full language and…

AARP cancels Florida sweepstakes, blames new state gambling law

From Bradenton Herald The law was quickly passed last month after the arrests of 57 people and the resignation of Lt. Gov. Jennifer Carroll in connection with St. Augustine-based Allied Veterans of the World, which operated a chain of strip-mall mini casinos or so-called “Internet cafes.” To close what they said was a loophole exploited by some Internet café companies, lawmakers made sure to eliminate an exception for nonprofit groups that conduct sweepstakes. But that word change, along with a few others, put AARP’s contests potentially in jeopardy. “AARP Florida was surprised by the consequences of this new law,” Jeff…