iGaming Business – Italian retail and online sports betting operator Sindacato Nazionale Agenzie Ippiche (SNAI) has cited a decrease in revenues from sports bets, horse racing bets and amusements with prizes as the main causes behind a slight dip in total revenue during the three months to March 31, 2014. The company reported total revenue of €142.4 million ($195.9 million) in the first quarter of 2014, a drop of 0.8% on the €143.6 million recorded in the same period last year. Adjusted earnings before interest, tax, depreciation and amortisation also fell 1.1% from €37.9 million in the previous year to…

PR Newswire – The Stossel Show, which airs on fox news, brought on Bitcoin Center NYC Policy Associate Naomi Brockwell to talk about how Bitcoin has revolutionized online betting — and made an activity that is illegal in most of the United States accessible to American bettors. Brockwell states, “The way that the ban on internet gaming is enforced is that the government actually targets the intermediary, the financial institutions, that process the payments to the online gaming sites. What’s amazing about bitcoin is it is a peer to peer currency so it doesn’t actually use any of these financial…

Gaming Intelligence – Belgium’s Loterie Nationale has been granted a new sports betting licence by the Belgian Gambling Commission which allows the national lottery to offer its SCOOORE! product through its e-lotto.be online platform. The new licence follows the decision last month by Belgium’s Council of State to cancel a royal decree concerning the provision of sports betting services by the state-owned Loterie Nationale.  This was a result of a legal challenge by private licensed operators. FULL ARTICLE (SUBSCRIPTION)

iGaming Business – The Israel Sports Betting Board (ISBB), the exclusive rights operator for sports betting in the country, has launched a new online betting system in partnership with UK sports betting software provider LVS and its French counterpart, lottery solutions specialist Lotsys. The launch comes after LVS and Lotsys won a tender to supply their Advanced Betting and Lottery Platform technology (ABP) to ISBB in the form of a customised ABP platform comprising a sportsbook, transactional engine, web and mobile site. Customers in Israel are now able to access the new betting service through the www.winner.co.il website. ISBB said…

From iGaming Business A man found guilty of assisting in the operation of an illegal online sportsbetting operation in the US state of Connecticut has been ordered to serve a 15-month federal prison sentence followed by three years of probation. Mitchell Engelson of New York pleaded guilty to one count of helping to run an illegal online sportsbook in mid-February and received his sentence late last week from Vanessa Bryant, United States District Judge for the District of Connecticut in Hartford. The 63-year-old was one of 20 individuals charged with various offences related to their involvement in illegal online sportsbetting…