Kambi Sports Solutions, Unibet’s B2B provider of sports betting services, has signed a contract with Grupo Acrismatic, one of Spain’s top land casino groups, to deliver a complete sports betting service. The service includes odds compilation, risk management, customer profiling and a technical platform. The contract is initially for two years and gives Kambi exclusivity …
The Danish Gambling Authority, which oversees online and land gambling activity in the Nordic country, has released its first quarterly report on the internet market, noting that online gambling delivered gross gaming revenues of Danish kronor 470 million made up of: * Sports betting DKK 285 million and * Online casino wagering DKK 185 million. …
One of Italy’s major gambling groups, SNAI, has reported a 10 percent slide in its revenues for the first quarter of 2012 compared with the same period last year. The company reported revenues of Euro 141 million, with the dip felt mainly in sports betting and horseracing. Q1 EBITDA consequently suffered, declining 18 percent to …
Bulgaria’s punitive online gambling tax regime may be in for a rethink, with sources indicating that on June 1st the tax rate will be halved. Spokesmen for the Citizens for European Development of Bulgaria said this week that the tax levied on internet gambling operators would definitely be cut from the current 15 percent on …
The LA Times carried an interesting article on political action committee and lobbying donations this week, focusing on attempts to influence and support the legalisation of online poker in California. One of the main runners in the legalisation race is SB 1463, a measure introducted by Senate leader Darrell Steinberg and Sen. Rod Wright that …
Answering a parliamentary request for information this week, Singapore Minister for Health Gan Kim Yong said that an estimated 1.4 percent of Singapore punters are possible pathological gamblers, well within international norms. The minister said the statistics were based on several independent studies conducted over the past five years. Non-gambling video gaming appeared to present …
Nevada’s Gaming Policy Advisory Committee, revitalised earlier this year by Governor Brian Sandoval as online poker legalisation moves progressed met for the second time Monday to listen to security experts on ways to keep the underaged and cheaters away from internet gaming sites, reports CBS. Gaming Commission chairman Peter Berhard heads the 11-man committee, which …
The independent research organisation IBIS World has released its latest updated study of the general gambling industry in the United Kingdom, concluding that it is in a “much better place than 10 years ago,” but that it has not fared well during the past five years. The financial crisis following indoor smoking bans started a …
In the latest development in the Malaysian federal police’s fight against illegal online gambling, the specialised CyberSecurity and Multimedia Investigation Division of the Commercial Crimes Investigations Department has been tasked with tracking an unspecified number of online gambling sites offering a wide array of bets. Over the weekend The Star newspaper quoted Commercial Crimes Investigations …
The furore around the qualifications of Yahoo’s latest chief executive, Scott Thompson, is thought to be behind his departure from the company over the weekend after only five months in office, although Yahoo did not give reasons. Daniel Loeb, the head of hedge fund and 5.8 percent stakeholder Third Point started the row two weeks …
Just weeks before the first Spanish online gambling licenses are due to be issued, the Spanish authorities have sprung an unpleasant and possibly game-changing surprise on potential licensees, demanding that applicants pay backdated tax for the last four years. The usually well-informed poker information site Pokerfuse reports that some of the largest operators in Spain …
Playtech-owned online gaming solution supplier Game Technology Systems (GTS) entered into a multi-year game supply deal with the Stockholm-based game developer Quickspin this week. Online players signed up with GTS EdGE platform licensees Unibet, Betsson, Sportingbet, Gala Coral and 888 will have access to games such as “Rapunzel’s Tower” and “Goldilocks and the Wild Bears” …
Online gaming firm Tipp24 anticipates a strong year ahead based on current results and its re-entry into the German market via subsidiary Tipp24 Deutschland GmbH (in future Lotto24 AG). Key Performance Indicators: – Increase in consolidated revenue of 5.7 percent to Euro 35.4 million (Q1/2011: Euro 33.5 million). – Earnings before interest and taxes (EBIT) …
Italian gaming giant Lottomatica Group reported a record first quarter 2012 driven by the Italian market, machine gaming and interactive games. Group Highlights include: – Group Revenues amounted to Euro 780.3 million (Q1/2011: Euro 702.10 million) and EBITDA of Euro 280.4 million (Euro 255.9 million) up 11 percent and 10 percent, respectively. Italian Market: – …
Betclic Everest online subsidiary Bet-At-Home reported on its Q1-2012 results this week showing a significant increase in revenue but a decrease in income due to heavy investments in advertising. Key Performance Indicators for the three months to March 31, 2012 include: – Group result before taxes of Euro 2.10 million (Q1/2011: Euro 3.90 million) – …
New Jersey state Senator Ray Lesniak has announced that the Senate version of his bill seeking to legalise intrastate online gambling controlled from Atlantic City land casinos will be put before the Senate for a vote on May 31. The Assembly version of the bill – AB2578 – passed through a key House committee on …
Rank Group plc execs and their counterparts at Gala Coral have quickly reached agreement on the acquisition of the latter gambling group for GBP205 million, after returning to the negotiating table earlier this week. Only months earlier Rank had walked away from the deal, saying it had ended talks to buy Gala’s casino business as …
Ireland’s politicians are gearing up to pass a bill before the summer recess of parliament that will impose a tax of 1 percent of turnover on internet gambling companies handling Irish bets, and more on betting exchanges reports the Irish Examiner. Early estimates from a private study are that in its first year of application …
Aussie researchers say it is not…and they have a better treatment for it. Academic researchers at the University of Sydney’s Gambling Treatment Clinic in Australia say that gambling is not necessarily the addiction that many believe it to be. In a press release this week the clinic’s Education and Training Officer, Dr Fadi Anjoul, who …
James Murren, chairman and chief executive officer of Las Vegas land gambling giant MGM Resorts International, reiterated his company’s interest in legalised online gambling this week in his keynote address to delegates at the 19th Southern Gaming Summit in Biloxi, Mississippi. “Internet gaming is here” Murren said, adding that his company is embracing that business …
GVC Holdings has announced that its sale of sports betting subsidiary Betaland has been completed following the Malta online gambling regulator’s approval of the sale and transfer of existing licenses to the new owner. The disposal, first announced mid-April, has been effected with remarkable speed. Back then, GVC announced that its wholly owned Maltese subsidiary, …
With industry interest in social gaming intensifying, a new research study from Harvard makes for interesting reading this week. The study looked at why tens of millions of people across the world so enjoy publicly sharing their innermost thoughts and activities on social networks like Twitter, Facebook, Foursquare, Instagram and Pinterest. The Los Angeles Times …
The New Jersey Division of Gaming Enforcement released April’s numbers for Atlantic City Thursday, reporting that land casinos as a whole took in $260.6 million, a 10 percent decline from a year ago. Slot machine revenue fell 9.2 percent, to $189.5 million, while table game revenue decreased by 12.1 percent, to $ 71.1 million. The …
3D online slot developer BetSoft Gaming has launched two new games in the Slots3 series – The Exterminator and Under the Sea. The Exterminator is a five-reel, thirty-line slot game featuring ordinary man Alvin Goodman, working a mundane job with an unusual “client” – he must face off against a wild raccoon! No rubbish bin …