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 …
Sen. Ray Lesniak’s second attempt at getting an online gambling legalisation bill through the state Legislature enjoyed further success Thursday when the important House Regulatory Oversight and Gaming Committee voted 3-1, with one abstention, to send the bill to a vote of the full Assembly. Last month the bill was similarly approved by a Senate …
The Nevada Gaming Control Board reported Thursday that land gambling operations in the state suffered an 11 percent decline in revenues to $855 million in March compared to the same period a year ago. Most of the state’s top venues saw revenues fall, and even the Las Vegas Strip was down almost 15 percent year-on-year …
The Australian online and land gambling content supplier Aristocrat Leisure Limited has appointed Atul Bali to succeed Nick Khin as president of Aristocrat Americas, effective 30 June 2012 and subject to regulatory approvals. Atul Bali will be joining Aristocrat from the XEN Group, where he has been CEO since 2010, overseeing the expansion of the …
The Italian online casino operator NetBet.it has announced that it has taken delivery of a new suite of 32 internet casino games from iSoftBet. The games are the latest in a series of new releases that dates back to July 2011, when NetBet took on 30 games from the online games developer The new selection …
It appears that Rank Group plc is still interested in acquiring Gala Coral group despite walking away from negotiations at the end of March this year. The Telegraph newspaper reported Thursday that the two gambling groups have returned to the negotiating table, with Rank still interested in a possible GBP 200 million deal for the …
Online gambling software developer Cryptologic, now under new management following the recent Amaya Gaming take-over, has posted a disappointing Q1-2012 report showing plenty of net cash available, but a net loss that has almost quadrupled since the same time last year. First quarter ending March 31 2012 results included the following: — Net loss of …
Online betting has again made a useful contribution to the Churchill Downs horse racing business, with the latest posted Q1 results showcasing online division gross revenues up 20 percent compared with last year, with TwinSpires.com reporting an increase of 15.2 percent in handle as a result of a rise in new punters. Net revenues rose …
The UK-based land and online gambling Rank Group plc issued its interim management statement covering the 18 and 45 weeks period to 6 May 2012 on Thursday, noting that across the group there was 5 percent like-for-like revenue growth for the 18 weeks to 6 May 2012, with total revenue up 4 percent. For the …
Online gambling brand franchiser Bodog appears to be moving increasingly into the field of software development with the appointment by Bodog UK this week of Sathish Seshadri as Software Development Director. The appointment follows Bodog’s success in acquiring a remote gambling software licence from the U.K. Gambling Commission in July 2011 , with management saying …
Internet gambling was a main topic of discussion at yet another US conference this week when delegates gathered in Biloxi, Mississippi for the Southern Gaming Summit, reports WLOX. Speakers identified internet gaming as the newest frontier for the casino industry in America, and raised the contentious issue of whether the federal government or state administrations …
Frank Fahrenkopf, the chief executive of the US land gambling trade body the American Gaming Association, has spoken out in favour of internet gambling, reassuring interested parties that it is more likely to benefit land casinos than hurt them. Speaking to reporters after presenting the AGA’s annual “State of the States: The AGA Survey of …
FremantleMedia Enterprises has tasked Square Enix Ltd to develop an online slot based on the classic arcade game “Space Invaders” in a two year agreement inked this week. Launched in 1978, the original Space Invaders game garnered a strong cult following that the online version is expected to attract. The new online slot will target …
Japan’s biggest social gaming operator DeNA Co Ltd will phase out games with gambling aspects, following an investigation into the game “complete gacha” by the country’s Consumer Affairs Agency said a Reuters report. The announcement follows a slump in the company’s share price of 22 percent attributed to the investigation and subsequent press coverage.