Online gambling software and games developer Playtech plc released its Q3 2011 results this week, showcasing another strong performance with the promise of meeting expectations for the full year. Highlights from the results to September 30 include: * Gross income totalled Euro 70.1 million, (Q3/10: Euro 41.3 million) * Total revenues totalled Euro 61.5 million, …
The Reno-based gambling machine manufacturer and interactive supplier International Game Technology reported Tuesday on its Q4 fiscals, saying that profits more than doubled from a year earlier to $60 million. And for the fiscal year ending Sept. 30, net income jumped nearly 33 percent, to $292 million, from the previous year. CEO Patti Hart revealed …
Malaysian police have shut down an online gambling ring operating in Setapak, Kuala Lumpur, halting a promotion that offered a new car as the main prize in a lucky draw. Police raided the premises Tuesday evening, Deputy Supt Azman Mohd Isa told The Star newspaper. He revealed that police raided nine illegal gambling premises connected …
The British lottery fundraiser and gaming company The Weather Lottery PLC (TWL) has announced the appointment of Andrew Flitcroft as Finance Director with immediate effect. Flitcroft (46), a Fellow of The Institute of Chartered Accountants in England and Wales, worked in private practice until 1999, followed by various senior finance roles in the technology, internet …
The Canadian Crown corporation, Atlantic Lottery Corporation (ALC), is investigating alternative revenue streams with a research request on the viability of an interactive television wagering service in a bid to augment already declining revenues, reports a Winnipeg media publication. The ALC operates lottery games in Atlantic Canada and is jointly-owned by the four Atlantic provincial …
Germany-based gaming firm Tipp24, parent company of ventura24.es, giochi24.it, mylotto24.co.uk, tipp24.com and games platform tipp24games.de, delivered a strong performance in its quarter 3, 2011 results announced this week. Following two successful reporting periods this year, quarter three places the company in excess of its annual target with another quarter still to go. Key performance highlights …
Bwin.party digital’s Q3 2011 results have been released, showing strong growth in online casino, new games for Italy and improved performance from poker operations, thanks to less competition due to Full Tilt Poker’s troubles. The sale of the Ongame network – now superfluous following the merger – is expected to complete by year end to …
Top internet betting companies in Australia have complained that the country’s online betting laws prevent them from effectively competing with rivals operating from offshore, and have called for a more realistic approach to regulation. The suggestions for improvement were made by companies like Sportsbet and Betfair in submissions to the federal government’s review of the …
Jack Abramoff, at one time one of the most influential and notorious political lobbyists punting legalised online and other gambling in the United States has resurfaced, this time as an author. In his new biographical book, “Capitol Punishment: The Hard Truth About Washington Corruption from America’s Most Notorious Lobbyist”, the man the press and politicians …
According to reports Sunday in the Telegraph and a wide range of other British newspapers, online gambling group Betfair has decided on its replacement for chief executive David Yu, who resigned earlier this year. The selection of Paddy Power’s chief operating officer, Breon Corcoran, for the post ends a five month search and confounds numerous …
The name SunFirst Bank will be familiar to industry people following the attempts by the DoJ to dismantle the e-processing structures underpinning US financial transactions with online gambling companies. This week the bank closed its doors on the directions of the Utah Department of Financial Institutions. The Department appointed the Federal Deposit Insurance Corp. as …
The UK Gambling Commission’s quarterly gambling participation survey results were released this week. The omnibus surveys conducted by ICM Research were based on two distinctive sets of questions directed at a sample of 4 000 nationally representative respondents for each set of questions. The first set of questions measured participation in all types of gambling …
Web development company Electric Putty has been commissioned by the UK-based Responsible Gambling Fund (RGF) to develop an online information hub that will provide easy access to research and information on problem gambling in Britain. The information hub will provide services to: – Researchers, including those new to the field, enabling them to search for …
French regulatory body ARJEL reports that the French online gambling market has entered into a consolidation phase and provides an interesting insight into the make-up of the French betting public and breakdown of gambling sectors in its latest quarterly review. While the sportsbetting market showed a 16 percent increase compared to the previous quarter, ARJEL …
Swedish-founded online casino Mr Green has announced the promotion and appointment of Mrs Stina Reutercrona to the position of Information Director for the Group. Reutercrona moves into the new position from one of Global Support Manager with Mr Green and will be based in Malta. Prior to joining Mr Green, Reutercrona was employed by Nordic …
Lottomatica Group S.p.A. posted strong third quarter results driven primarily by its Italian operations. Wagers from the company’s Interactive segment showed impressive growth with a total of Euro 557.9 million (Q3/2010: Euro 100.5 million) due to the newly-launched online casino and cash poker games in the Italian market. GTECH G2’s third-quarter revenue contributions were Euro …
More details have come to light on Irish bookmaker Boylesports’ acquisition of William Hill’s Irish retail estate comprising 15 Shops. The Irish retail estate was sold to for a cash consideration of Euro 1.5 million confirmed a William Hill statement. Additionally, William Hill expects to incur GBP 2 million in exceptional costs related to the …
Interwetten’s Spanish-facing website Interapuestas.com has become Spanish professional football Club Sevilla FC’s newest sponsor. Sevilla’s previous sponsor 12Bet.com declined to renew its sponsorship earlier this year citing uncertainties regarding licensing and taxation in the Spanish online gambling market (See previous report). Interapuestas.com will enjoy advertising at all matches played at the Sanchez Pizjuan stadium utilising …
The German state of Schleswig-Holstein’s more liberal approach to internet and gambling as a whole is proving attractive to established German gambling operators it seems. German lottery company Faber Lotto’s chief executive officer Norman Faber has announced that it will be establishing an independent company in the Northern-most state that will operate nationally to capitalise …
Barry Gibson (59), who has been an independent non-executive director of online gambling software provider Playtech plc since March 2011, has resigned with immediate effect to pursue other business interests. Gibson has a distinguished career as a director, and is widely experienced in the gaming industry. Until June 2009, he was Senior Independent Director at …
Thursday saw the CEO of US land gambling giant MGM delivering the group’s third quarter 2011 results…and he had positive comments to make regarding current internet gambling legalisation moves and the company’s positioning to best take advantage of developments. Murren discussed the recently signed deal with Bwin.party digital and Boyd Gaming targeting a legalised online …
The Oregon land casino operator Mill Casino Hotel has been successful in introducing a fusion of WiFi-enabled and land gambling action using iPads in its ultra-modern iGaming Lounge, giving punters a taste of how online technologies can be entertaining and convenient. In a pioneering move for Oregon, the management has introduced a new gaming system, …
Irish bookie Boyle Sports is to take over 15 of UK rival William Hill’s betting shops in Ireland for an undisclosed consideration, saving 65 Irish jobs, reports RTE. Once completed, the agreement will give Boyle 176 retail shops, employing almost 1,100 people The new owner plans to re-launch the newly acquired shops under its own …
The UK-based identity checking software company GB Group has made its third acquisition in under four months with a GBP 11.2 million swoop for London-based rival, Capscan Parent, and says it is eyeing further expansion, reports the Manchester Evening News. Capscan supplies customer registration and address management software. The company is a leading supplier in …