Media Corporation Plc’s (Media Corp) suspension of trading on AIM follows an admission of advanced acquisition discussions of online gaming firm Gaming Media Group Limited (GMG), a company statement revealed. While a final deal is still a way off due to Media Corp having yet to commence a formal due diligence on GMG, the acquisition …
Addressing shareholders at Wednesday’s Playtech plc annual general meeting, chairman of the board Roger Withers said that he was pleased to report another year of growth and progress, with excellent top line performance and strong growth in EBITDA. “In 2011 gross income increased by 41 percent to Euro 243.6 million and revenues by 46 percent …
Bwin.Party digital entertainment plc released its Q1-2012 numbers Wednesday, highlighting: • Total revenue up 1 percent to Euro 215.9 million (Q1-2011: Euro 214 million) with strong growth in casino and other games partially offset by a softer gross win margin in sports betting • Amounts wagered in sports betting up 11 percent to Euro 1,083.4 …
The Swedish online gambling software and games developer Net Entertainment has inked an agreement with Irish independent online bookmaker Boylesports for the supply of a range of quality gaming and casino content to Boylegames.com and associated sites. The agreement strengthens Boylesports’ online games portfolio and provides the Boylegames.com brand with top online and mobile gaming …
Purple Lounge online casino and poker players and Media Corp shareholders are becoming increasingly restive at the lack of real communication from parent group Media Corp plc, which this week stalled for the third time in as many weeks with an uninformative holding email. The latest email communication merely advised: “Purple Lounge is working hard …
Everest Gaming, part of the French Everest Betclic online gambling group, has announced the launch of new, third-party games for its internet casino brands Everest Casino, Imperial Casino, Casino Elegance, and Casino Lux. A company spokesman said that the new additions augment an already large and diverse selection of games from suppliers like Ash Gaming, …
Industry observers confused by the apparent disconnect between polls on how New Jersey residents feel about legalised online gambling now have a third option to consider. The long established and well respected independent research company National Research Inc., weighed in on the debate with its own poll Tuesday, which CEO Adam Geller said was conducted …
India could be missing out on as much as $1.5 billion in lost tax revenue by not regulating online gambling, the Times of India reports this week, quoting a recent research study on the issue. “Despite a booming middle class and a rapidly expanding internet user base, only the state of Sikkim has made any …
The US state of Illinois is back in the race for internet gambling legalisation following the introduction Tuesday by Senate President John Cullerton of a new measure designed to create an intrastate online gambling platform. In a letter to legislative leaders and Governor Pat Quinn, Cullerton wrote: “At its heart, the proposal creates the division …
Montreal-based Amaya Gaming Group has taken a breather from its Cryptologic acquisition this week to launch its latest online slot, Aladdin’s Legacy. The first of Amaya’s new generation of slot games, Aladdin’s Legacy features quality graphics, movie-like 3D animation and imaginative game play. In this 20-line slot, players experience a unique first person perspective in …
Q1-2012 results from the Spanish land and online gambling group Codere were disappointing for investors this week, showing a net loss over the quarter despite a rise of just over 17 percent in EBITDA to Euro 78.9 million. Codere Interactiva and Codere.it contributed to the bottom line, delivering overall turnover up by 31.8 percent year-on-year …
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) …