The 2 percent rise in Finnish taxation has neutralised an otherwise solid H1-2012 performance from Raha-automaattiyhdistys (Finland’s monopolistic Slot Machine Association), which is more generally known as RAY. The company reported: * Revenues up 6.1 percent to Euro 377.7 million * Tax paid Euro 45.2 million * Profit down 0.6 percent year-on-year to Euro 198.9 …
The latest Rank plc results to end June 2012 show that the interactive division of the company has again made an important contribution to the overall performance of the UK land and online gambling group in its 75th year. Rank Interactive increased revenue during the 12-month period by 20.8 percent to GBP 77.7 million, with …
SNAI, a major company in the Italian online gambling market, has posted mediocre H1-2012 numbers, reporting that revenues in the first half of 2012 declined almost 7.5 percent to Euro 284.8 million, and attributing the lacklustre performance to uncertainties in the Italian sports betting sector. Racing bets were down a worrying 33 percent, impacted adversely …
Betfred.com (listed here on the site as Betfred Casino) announced a sponsorship deal Thursday that sees the online gambling company become the official UK betting partner of Tottenham Hotspur. The three year agreement includes exclusive UK branding rights across Tottenham’s online, digital, mobile and social media platforms. Rakesh Chablani, Betfred.com commercial director, said: “Tottenham Hotspur …
UK football clubs Everton and Manchester United have entered into sponsorship deals with online gambling companies Paddy Power and Bwin.Party, The Drum publication reported Wednesday. Bwin.Party’s agreement with Manchester United is to run for three years, lifting the betting companies profile in the European and global market. Richard Arnold, Manchester United’s commercial director, said: “Bwin …
Forbes Magazine is carrying a photo article that identifies 11 US billionaires whom it claims have more than a passing interest in legalised internet gambling. Land gambling and property mogul Donald Trump and hedge fund billionaire Marc Lasry head the list with their previously announced intention to form a joint venture once American legalisation has …
The UK land and online gambling group Gala Coral has posted a sterling set of results for its third quarter ending June 30 2012, showing: * Turnover up 9 percent year-on-year to GBP 275.2 million * EBITDA up 14 percent to GBP 7.9 million * Statutory gross profit of GBP 215.4 million – up 11 …
The publicly listed online and land gambling groups Unibet and Rank are teaming up to launch online casino and poker action in the regulated Belgian market, Unibet management revealed as part of the company’s Q2-2012 financial reportage this week. The joint enterprise is scheduled for launch in the third quarter of 2012, once licensing from …
Prima Networks Spain plc, powered by Microgaming, has announced that win2day.be, part of the Casinos Austria International gambling group, has launched into the Belgian market with Prima Networks. The operator is offering Prima Networks’ online casino games software, with a range of Microgaming products being rolled out throughout the summer – including Belgium’s first officially …
Cantor Gaming is leveraging carve-outs in US legislation for fantasy football by offering an online product of its own. The American company is already well established as a provider of on-premises online betting facilities at US casinos, and operates a number of major Nevada sportsbooks. Both mobile and internet delivery is clearly in the company’s …
Social gaming giant Zynga’s ambitions for real money internet gambling are well-known, and further evidence became available recently when the company started lobbying on the topic in Washington DC. The Wall Street Journal reports that Zynga invested in state and federal lobbying efforts around gambling with real money in Washington, D.C., and California as the …
Live Dealer provider Smart Gaming has launched what it claims is the industry’s first live Roulette game for Facebook, featuring automated and live stream games, all of which are available on Sky TV Channel 863. The new Facebook app connects players to the Smart Live Casino platform where they can join in the live TV …
The intense speculation that social gaming giant Zynga was among the six companies said to be bidding to acquire the Ongame Poker Network was blunted this week by a news report on the Pokerfuse information site that the San Francisco-based company is not among the current potential suitors. Although Zynga has been careful not to …
Aussie online and land gambling group Tabcorp Holdings Limited has entered a new era in transitioning to Victoria’s new gambling industry structure, the company said in a statement Wednesday. Tabcorp now operates Victoria’s new Victorian Wagering and Betting Licence and has commenced a new 50/50 joint venture with the Victorian Racing Industry. The new licence …
BetVictor chairman, Victor Chandler, interacts with British comedian Paul Kaye in the betting group’s latest television ad campaign, created by the VCCP agency, which won the BetVictor account after a four-way pitch in July this year. The marketing publication Campaignlive reports that the series of television ads is themed on the idea “Nothing should get …
Sporting Index has reported a record breaking Olympics in terms of turnover at London 2012. The spread betting firm took nine times as many bets as it did at Beijing four years ago and 70 percent of its customers who had been active betting over the past three weeks had at least one bet on …
The Chinese sports lottery software and systems developer AGTech Holdings Limited has posted H1-2012 financial results that showcase soaring revenues but a persistent loss on the bottom line. The Hong Kong based company reveals that revenues over the period reached $12.8 million, an almost 128 percent rise, and gross profit rose to $6.13 million, but …
In Billings, Montana an online gambling prosecution has illustrated the lengths to which US federal authorities will go in stamping out internet sports betting, with evidence that state gambling agents were assisted by the US Secret Service and the FBI in an investigation that included rummaging through the defendant’s rubbish for incriminating documents. Defendant John …
Sunday night’s closing ceremony for the London Olympics ended a golden period for many Brit bookies, who report lively wagering activity over the two week duration of the games. Betfair told the Telegraph newspaper that it had seen an increase in betting activity, with the total number of customers making bets doubling to just under …
Canadians will soon be able to buy their Loto Quebec tickets online through the EspaceJeux.com online gambling site operated by the provincial lottery. The company plans to introduce online sales of its Lotto Max, Lotto 6/49, Quebec 49, Banco and Extra draws from August 27 according to press material. “Consumers who buy lottery products online …
Atlantic City casinos suffered a continuation of the gambling centre’s lengthy losing streak in July as revenues dipped 9.5 percent to $308.2 million, according to official New Jersey Division of Gaming Enforcement numbers. The opening of casinos in neighbouring Pennsylvania in 2006 started a decline that has been exacerbated by worsening economic conditions in the …
Media Corp plc, the UK public company that presided over the controversial failure of subsidiary Purple Lounge.com, leaving players unpaid, is forging ahead with its new Intabet product, apparently with little concern for its former PL players. In its latest trading update the company boasts about its current moves, but ignores its bitter past as …
The new government of the Schleswig Holstein province in Germany may well be considering plans to turn its back on internet gambling and re-join the German Treaty , but it will in the meantime have to contend with law suits from MyBet and Bwin.Party based on allegations of unreasonable delay on the issuing of online …
US casino equipment and content supplier – and nascent online gambling provider, given the opportunity – Bally Technologies has turned in a praiseworthy Q4-2012 report for the 3 month period ended June 2012, posting better than expected results. Q4-2012 profit rose to $26.5 million, or 61 cents per share, from $25.5 million, or 51 cents …