Neovia Financial plc issued a trading statement this week on its quarter three performance for the period ended September 2009, but the news wasn’t good – a 21 percent year-on-year decline in revenue.
High value lottery wins in several countries have been recently recorded.
The weekend’s most inspiring editorial content came from the revered UK newspaper The Financial Times, which opined that online gambling companies are preparing for consolidation over the next two years amid cautious optimism that the pace of broadband penetration and more open policies by several governments will herald a period of sustained growth.
Details are as yet unknown, but one lucky online punter hit the progressive jackpot big this weeked, taking down the $117 864 jackpot on Cryptologic’s progressive Caribbean Stud Poker.
Twenty four hours after the winning numbers were announced in Britain’s biggest yet lottery draw, the two winning ticket holders have yet to come forward to collect over GBP 90 million between them.
The defeat of New Jersey governor Jon Corzine by incoming governor Chris Christie earlier this week does not mean the end of New Jersey’s legal action to bring sportsbetting to the state, reports NJBiz.
The conventional wisdom is that winning a major lottery jackpot is a once-in-a-lifetime experience, but a South African businessman has just proved that it can be a repeat performance.
The online and interactive gambling component in January 2010’s International Gaming Expo, ICEi in London appears to be attracting a solid response from online gambling companies.
Bulgarian gambling operators may be concerned about government plans to increase taxation but at least one UK company is undeterred at the prospect.
The online and land gambling group William Hill plc is to take further measures to extend its banking covenants, specifically the issue of GBP 300 million in corporate bonds.
The UK’s national lottery Camelot’s five shareholders have asked potential buyers to submit offers before the end of November in a bid to offload the lottery and realise what some analysts say could be as much as GBP 300 million.
Calvin Ayre’s latest online gambling industry venture – his Bodog brand franchising initiative – has opened a central press office in London, UK.
Mikael Pawlo, managing director of the Mr Green Casino, has announced major changes to the company’s customer relationship management structure which will see a new London-based support centre headed by a highly experienced addition to the executive team at Mr Green.
The successful first reading of a Bulgarian government bill designed to hike gambling taxes up from 10 percent to 12 percent has triggered some dire warnings from industry associations, with claims that up to 40 000 people could be put out of work if the changes to the law are passed.
Doing a little crowing about his victory in an Israeli court this week was Naphtali Goldman (34), the sole owner of online casino operation Lucky 18 Casino.com.
The Isle of Man-based Internet gambling software provider Microgaming has released its monthly tranche of new games for November to its licensees, so expect to see three new slots appearing on Microgaming-powered online casinos soon.
“It’s an ill wind that blows nobody any good,” goes the old saw, and that can certainly be applied to the use of US horseracing’s exemption from that country’s anti-online gambling laws.
The Bulgarian government is currently levelling the gambling taxation field with an increase from 10 percent to 12 percent on all gambling activities as part of amendments to the Corporate Income Tax Act, reports Novinite.
Word on the street is that the transfer of Ladbrokes online gambling operations to Gibraltar has progressed apace, enabling the actual move to take place several weeks ahead of original planning.
The online sportsbetting division of Brit financial spreadbetting group IG Group could be up for sale, according to reports last week on the Slackbelly blog, followed up by The Times.
The consulting and research firm MECN has combined with the Horten law group to compile a new report that offers an in-depth analysis of Denmark’s gambling market, currently the subject of liberalisation moves that will take it out of the realm of state monopolised gambling.
Tarquin Henderson, who was formerly VP for 888.com’s Europe, Middle East and Africa marketing activities, has left the Gibraltar-based group after four years to join the rapidly expanding Mangas Gaming group.
The Swedish gambling group Betsson has delivered another solid quarterly result, posting Q3 2009 numbers that show a 17 percent rise in pre-tax income to SEK 79.6 million (Q3 2008: SEK 68.2 million).
Pushing past recent its historical declines in revenues, the gambling enclave of Macau off the coast of China reported very positive October 2009 revenues of US$ 1.59 billion this week.