The younger player demographic has shown little interest in traditional lottery betting, and Takarakuji lottery officials in Japan believe this is the root cause for the continued decline of the lottery, which in FY 2017 saw sales decline 6.9 percent to the yen equivalent of US$ 7.1 billion. The downward trajectory in 2017 was a …
New Jersey’s online gambling sector continued on its upward curve in July 2018, with a new record for revenues set at $25.9 million… a good $300,000 improvement on the previous record set in March this year (see previous report). On a year-on-year basis, July’s revenues exceeded those of a year earlier by $5.3 million, according …
Struggling gambling group Mybet Holdings is reportedly headed for insolvency following the failure of its latest discussions with a potential investor, according to business media reports. The company’s directors issued a statement Tuesday confirming that an application for insolvency is being prepared for submission to a local court later this week, and explained that the …
Former DFS but increasingly sports betting focused DraftKings has revealed that it has opened a 10-person, predominantly marketing office in San Francisco and has plans for a similar presence in Las Vegas. Explaining the Boston-headquartered company’s growing focus on the US West Coast, DraftKings chief revenue officer Matt Kalish said: “Presence in these international hubs …
The JPJ online gambling group, which operates the Jackpot Joy and Vera and John enterprises, has posted its H1-2018 results, highlighting: * Revenue up 10 percent y-o-y at GBP 161.1 million; * Adjusted net income up 7 percent at GBP 45.5 million; * Adjusted EBITDA down by 4 percent at GBP 56.9 million after investment …
Online bookmaker Betway has signed a sponsorship deal with top eSports team Invictus Gaming for the upcoming Dota 2 professional season, including this month’s The International 2018. The deal marks Betway’s first venture into Dota 2 eSports after previously announcing sponsorship of the upcoming CS:GO Major in September (see previous report). Betway will have exclusive …
The Global Gaming board of directors has officially appointed Joacim Möller as CEO and Group CEO of Global Gaming with immediate effect. Möller previously held the position of chief people & organisation officer and COO of Global Gaming since January 2017 and has been acting CEO since May 2018. He has over 20 years’ experience …
Online gambling games and software provider NetEnt announced Tuesday that its games are now live with Ocean Resort’s online operation in Atlantic City, New Jersey. NetEnt has gone live with a broad selection of video slots. In the coming months the whole portfolio of online casino games from the Swedish provider will be available to …
Online gambling corporate Gaming Innovation Group (GIG) has posted a strong set of Q2-2018 results, highlighting: * Revenues up 39 percent year-on-year at Euro 36.9 million; * EBITDA slightly down at Euro 1.7 million (Q2-2017: Euro 1.9 million); * Entry to the sports betting sector via subsidiary Rizk’s sportsbook during the quarter; * GIG’s platform …
GVC subsidiary Bwin has signed up as exclusive betting partner for German football club Cologne starting this season. The agreement runs for three years and is renewable. As exclusive sports betting partner, Bwin will be visible on TV via the three channels/networks with relevant broadcast rights. In addition to the classic partner integrations, the cooperation …
Turnkey gaming platform and white label provider Dench eGaming Solutions has announced its acquisition of a UK remote supplier’s licence from the Gambling Commission. The licence will enable Dench to provide its platform and real time marketing automation services to UK operators, and comes shortly after Dench struck a number of deals in other regulated …
Ireland-based social mobile poker provider KamaGames announced its entry into the Blockchain and Cryptocurrency landscape Monday with the launch of its KamaGames Token product. Working in a similar method to other tokens, the KamaGames Token will use existing Blockchain technology and the Ethereum cryptocurrency platform, and will be available as a collection of in-game chips …
Nevada sportsbook operator CG Technology has settled with the Nevada Gaming Control Board, agreeing to pay a $250,000 penalty for accepting out-of-state wagers in a self-reporting case. Local media reports observed that this was the third occasion that the company has been in hot water with the regulator; paying a total of $24 million in …
Online gambling corporate The Stars Group has posted an impressive second quarter report, highlighting: * Almost 35 percent rise in y-o-y revenue at $350 million; * EBITD * Sales up at $412 million from $305.3 million last year; * Poker revenue grew 7 percent to $217 million; * Online casino revenue was up 26.3 percent …
Giovanni Kessler, the departing head of Italian regulator Agenzia Dogane Monopoli (ADM) has been critical of the new Italian coalition government’s decision to remove him, saying that such acts of “political cleansing” jeopardise the impartiality of the position. Kessler was replaced last week by Benedetto Mineo, and Kessler has complained that his removal was questionable, …
Online gambling content developer Yggdrasil Gaming is to enter the Czech market for the first time following a content contract signed with top Cezch operator Tipsport. Tipsport is the country’s largest betting and gaming brand, with more than 1,000 retail outlets and a rapidly growing online offering that will now feature some of Yggdrasil’s slot …
The latest proprietary slot developed by Slotland online casino has been launched – a five reel, 15 pay-line game titled Space Age Stardust with a sci-fi theme. A fleet of galactic battleships spin on Stardust’s five reels. The 15 line slot game also has a Double Wild symbol that doubles the payout for any winning …
Live casino specialist Authentic Games has announced that it has secured a UK Gambling Commission service provider licence, enabling it to offer its full suite of games and products to UK operators and players for the first time The company’s product portfolio includes the flagship Authentic Roulette product, which live streams from roulette tables located …
Police in Miri raided a large online gambling processing centre late on Saturday night, arresting nine and seizing computers and other evidence. Sarawak CID chief SAC Denis Leong said the raid was carried out following information received. “The team arrested a manager and eight of his workers, aged in their 20s and 30s, and also …
Pennsylvania land casino operator Mount Airy announced Friday that it has selected the Canadian online gambling company The Stars Group as its online gambling partner in Pennsylvania. The Stars Group has an international online presence that includes successful licensed online activity in New Jersey in partnership with an Atlantic City operator. The partnership agreement covers …
Top international auto manufacturer Mercedes Benz has confirmed that it is launching its own eSports team, and has signed inaugural Formula 1 eSports champion Brendon Leigh (19) as the lead driver. Leigh, who defeated Fabrizio Donoso Delgado and Sven Zurner in a controversial eSports final last year, will defend his drivers’ championship title. Other members …
Barely a month after it cancelled a planned auction of its lottery unit Caixa Instantanea SA due to a dearth of bidders, Brazil’s state-owned bank Caixa Econômica Federal announced Friday that it has launched an online lottery service. Chief executive Nelson Souza told the Reuters news agency that he expects the online lottery to boost …
Paddy Power Betfair subsidiary Fanduel Group announced Friday that it has been awarded an interim service provider licence by the West Virginia Lottery Commission, allowing it to supply sports book action to state casino operators. However, operators have been slow to come forward with just one – Hollywood Casino – receiving a licence thus far …
This week saw the Italian government’s proposed ban on virtually all gambling advertising (bar the national lottery) voted for in the Senate, which approved the measure on a vote of 155 vs. 125 despite warnings of dire consequences from a wide range of experts. The ban, driven by Italy’s recently elected coalition government, extends to …