Online Casino and Gambling News: April 2016

GVC Holdings Profits Drop 40%

Isle of Man based internet betting group GVC Holdings has announced their full year 2015 financial results, noting revenues fell 40% when compared to the year prior due to their pricey £1.1 billion cost of purchasing bwin.party.

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€411,193 Fairy Tales Progressive Jackpot Won at Paddy Power

Over the weekend a punter playing a video slot at Paddy Power won the Fairy Tales progressive jackpot for a large €411,193 prize.

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£744,235 Tiki Temple 20p Jackpot Won

Late on Sunday a punter playing the Tiki Temple video slot at JackpotJoy Casino won the game's 20p progressive jackpot for a large £744,235 cash prize.

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Punter Hits Mega Fortune Dreams Major Jackpot for €114,928

Earlier today a punter playing the popular Net Ent slot Mega Fortune Dreams hit the game's Major Jackpot for a large €114,928 prize, no doubt getting his weekend off to an excellent start.

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Golden Euro Moves Licensing to Antigua

This week online betting site Golden Euro Casino announced that they have opted to switch their licensing from Curacao to Antigua.

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Moody's: Internet Gaming Could Be Worth 42.8 Billion Euros

This week Moody's Investors Service released a new survey, which said that the online betting industry is poised for huge growth through 2018, and could reach a value of €42.8 billion by that time.

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Betfair US to Open Betting Exchange in New Jersey

Internet betting firm Betfair US has announced that it has partnered with the Monmouth Park race track to create a betting exchange in New Jersey, the first of its kind in the Garden State.

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Greece May Hike Betting Tax to 35%

Next week Greece's parliament revealed that they will be calling a vote to determine whether or not they should raise the country's gambling tax from 30% to 35%.

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Core Gaming Inks Distribution Deal with Paddy Power Betfair

Internet betting software developer Core Gaming has announced that they have signed a content distribution deal with Paddy Power Betfair, and will offer their software as a result.

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Cheltenham Festival Costs Bookies £60 Million

Bookmakers certainly took a hit during the Cheltenham Festival this year, with nine favorites and one joint favorite winning races during the weekend, which meant that the books lost more than £60 million.

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