04 Nov
In News ,
Written by

Bookmaker William Hill hit by massive DDoS attack

Giant bookmaker William Hill has announced that its website was under a major distributed denial of service (DDoS) attack, which led to a loss of service earlier in the week.

Several William Hill customers on Tuesday weren’t able to access the company’s website. The very same problem was again reported on Wednesday.

The UK-based company then released a statement to inform the customers that it was one of the many companies that was hit by a DDos attack in the last couple of weeks. At the moment, the William Hill team is hard at work in order to fix this issue.

“The online services of William Hill were intermittently impacted during the course of yesterday following DDoS activity by third parties,” William Hillsaid in a statement.

"This follows a significant increase in DDoS activity experienced by a number of online companies over recent weeks.

"While the attempt at disruption is ongoing our technical teams were able to restore services last night [Tuesday].

“We apologise for any inconvenience caused to our customers.”

03 Nov
In News ,
Written by

Ladbrokes, Coral Gala finalize merger; new entity to be called Ladbrokes Coral Group

In some significant news from the iGaming industry, bookmaker Ladbrokes has sealed the merger deal with Gala Coral. From now on, the combined brand will be known as the Ladbrokes Coral Group.

The newly formed entity is valued close to £2.3 billion (€2.6 billion/$2.8 billion), and includes companies like Coral Retail, Eurobet Retail and as well as the bookmaker’s online ventures.

UK Competition and Markets Authority (CMA) gave the green signal for the deal by approving the sale of 360 shops by the bookmakers to competitors Betfred and Stan James.

Earlier, CMA had asked Ladbrokes and Coral sell off between 350 and 400 shops to alleviate competition concerns.

After this approval, Ladbrokes published a prospectus “in relation to the readmission of the combined group to the premium listing segment of the Financial Conduct Authority’s Official List and to trading on the London Stock Exchange”.

John Kelly, chairman of the combined group, said:

“In uniting these two businesses we are bringing together some of the best known and admired brands in betting and gaming.

“We believe that no other gambling business has such a strong heritage, with brands that enjoy such broad appeal and a presence that is woven into the fabric of the UK culture as well as overseas regulated markets.

“Together, we have the opportunity to grow the business building on our scale, the digital opportunity we have in our markets, our international presence and through delivery of significant synergy savings.

“We have a strong management team in place and are already well placed to set about the creation of a new business with a clear focus on delivering the opportunities the completion of the merger offers us.”

Jim Mullen, chief executive of Ladbrokes Coral, said:

“This is a historic day for the company and one which marks the start of an exciting journey for the business; both Ladbrokes and Gala Coral have demonstrated their ability to compete hard and win in increasingly competitive markets.”

Carl Leaver, executive deputy chairman of the group, said:

“Our merger with Ladbrokes brings new and exciting opportunities for both companies and, under the leadership of Jim Mullen, we are now in a position to make our ambition of creating the UK's leading betting and gaming business a reality.”

29 Oct
In News ,
Written by

Novomatic drags Euro Game Technology to court over sale of slot games

In a major development in the world of iGaming, Novomatic filed a lawsuit against Euro Game Technology with the Berlin District Court in Germany.

This was done with regards to the company’s involvement in the sale of slot games.

Not just that, this lawsuit has also been filed against Euro Game’s German sales partner D-Systems. In the matter, Novomatic has demanded compensation for the discontinuance of the further sale of certain slot games offered by Euro Game.

According to Novomatic, some of the slot gams “systematically and unfairly” utilized key aspects of its own titles, ‘Ultimate Hot’, ‘Olympus Glory’, ‘Flaming Hot’, ‘5 Dazzling Hot’, ‘Lucky Hot’ and ‘Extremely Hot’.

To make matters more interesting, the company also revealed that it intends to conduct legal action of similar kind in other countries as well.

This is indeed a brave decision from the company. Major iGaming brands usually tend to steer clear of any long drawn out court matters. However, this act of Novomatic could set a new precedent in the online gambling industry.

24 Oct
In News ,
Written by

NetBet becomes first UK licensed gambling company to accept Bitcoin

In an interesting new development, NetBet became the first licensed gambling company to accept Bitcoin in UK.

This leaves the customers with an option to use the virtual currency to fund their accounts while wagering on NetBet’s online sports betting platform and casino.

In order to be ready post this move, NetBet is working in tandem with Bitcoin payment service provider BitPay to make sure that the new mode of payment complies with regulatory requirements in the UK.

In a statement on its website, BitPay said:

“This checkout option will allow more NetBet users to get back to playing and placing bets with the peace of mind that their transactions won't expose them to the risk of online payment fraud.”

This is definitely an interesting punt by the company. While it is too difficult to comment on the outcome, one will have to wait a few years to see how effective the Bitcoin option will become for players.

19 Oct
In News ,
Written by

After opposition from shareholders, William Hill and Amaya call off merger talks

In a significant new development in the world of iGaming, William Hill and Amaya – two of the biggest players in the market – have ended their merger talks.

It was only last week that the two companies had publicly announced their intentions to join forces to constitute a £5.7 billion (€7 billion/€6.3 billion) entity.

However, with opposition from within their ranks to this deal, the two parties called off the talks.

The single largest shareholder Parvus Asset Management too voiced its concerns with regards to the potential merger.

“Trading has continued to be positive in the second half of the year with work focused on improving online performance across mobile gaming and key customer journeys,”the statement said.

“The board continues to expect operating profit for 2016 to be at the top end of the previously guided £260 million to £280 million range.”

Divyesh Gadhia, chairman of Amaya, said:

“Amaya is a strong and growing company with experienced management and a proven strategy to deliver profitable growth and shareholder value.

“Together with our financial advisors, we evaluated a wide range of strategic alternatives to maximise shareholder value and have concluded that remaining an independent company is in the best interest of Amaya's shareholders at this time.

“The board has full faith in Amaya's management to execute on its strategy and objectives.”


17 Oct
In News ,
Written by

William Hill largest single shareholder rejects potential merger with Amaya

The potential mega merger between William Hill and Amaya Gaming was recently dealt a massive blow after Parvus Asset Management, the largest single shareholder in the bookmaker, opposed the deal.

Last week, it was revealed that the two companies were in talks over a merger that could create a £5.7 billion (€6.3 billion/$7 billion) iGaming entity.

Parvus, a British investor, published an open letter to state its objections to the merger deal. According to Parvus, which controls 14.3% of William Hill’s stake, “limited strategic logic and would destroy shareholder value”.

Parvus has instead called on the betting firm to look at “all alternative options for maximizing shareholder value”.

Mads Eg Gensmann, co-founder of Parvus, said:

“It shouldn't take more than five minutes of the board's time to realize this deal doesn't pass the smell test.

“We strongly encourage that the board and management stops wasting valuable time and shareholder resources pursuing this value-destroying deal.”

William Hillspokesperson said:

“Given the strategic fit, diversification and potential synergies we have a responsibility to fully assess this, however it is premature for us to draw conclusions while this work is ongoing.

“The board would not come forward with a transaction unless it was satisfied that it was in the interests of all shareholders.”

If deal would be a game-changer, should the two parties join forces in the coming days. However, there are several obstacles in the middle that need to be taken care of. The iGaming industry could be in for a major shake-up if William Hill and Amaya Gaming eventually merge to form a giant new business.

You are here: Home News

Privacy Policy


Subscribe to our Newsletter
Find us on Facebook
Follow Us