Over the weekend a meeting in Lausanne of the Olympic Games committee discussed the eSports phenomenon, acknowledging its rapidly growing global audience of millions of men in the 18 to 25 age group, and its potential to enhance interest and engagement in the historic Games. There is a wealth of practical evidence on this massive …
British bookies are braced for the release of the UK government’s Fixed Odds Betting Terminal review this week, following widespread speculative coverage in the English mainstream press. Virtually every big newspaper has carried the story, claiming that DCMS minister Tracey Crouch will release the review Tuesday, and speculating on what they think it will contain. …
In an interview with the Times of Malta over the weekend, KPMG senior manager and i-gaming expert Russell Mifsud illustrated how important the industry is to the local economy, pointing out that on the latest figures available: * Malta has flourished for the past 13 years following the introduction of its licensing and regulatory model …
Last week saw the launch of the Federation of Indian Fantasy Sports (FIFS), a not-for-profit trade association representing the interests of the fantasy sport sector in India. FIFS is a self-regulatory body, with 13 Indian fantasy sport operator members at present; it was formed to protect the interests of all Indian users by creating regulations …
Australian gambling group Tabcorp published its fiscal Q1-2017/18 results this week, recording an overall 5.4 percent y-o-y rise in revenue at A$ 578.8 million, but noting that its UK online venture with a local newspaper, Sunbet, continues to struggle. The group’s flagship performer remained its Wagering & Media division, which posted revenue up 4.5 percent …
Loto-Quebec’s otherwise rather average results in fiscal H1-2017 were boosted by an outstanding performance from the group’s Espace Jeux online division, which delivered a 42.3 percent year-on-year increase in revenue at Cdn$ 50 million. Overall, group revenue for the six month period ended September 25 this year reached Cdn$ 1.814 billion – up 3.5 percent …
SoftGamings, an online casino platform provider and games aggregator, has released a new product titled Live Casino Bundle which delivers a package of eight top live casino providers. The main benefit of obtaining a bundle instead of integrating providers separately lies in the fact that the package can be integrated through a single unified API …
Spanish turnkey sports betting and e-gaming multichannel solution provider, Optima and The Bookmakers Technology Consortium, a co-operative of independent bookmakers operating around 500 betting shops in the UK, announced a partnership deal Friday that will help bookmakers with less than 20 shops in the UK access one of the top OTC and multichannel technologies available …
Online sports betting provider Kambi has reported a rather quiet Q3-2017, with revenues flat and operating profit down. On Friday the company posted KPIs for the third quarter: * Revenue flat at Euro 14.8 million; * Operating profit down at Euro 1.1 million on a margin of 7 percent (Q3-2016: Euro 3.1 million on margin …
The Kindred publicly listed online gambling group has posted its Q3-2017 and nine-month performance figures, claiming all-time high results in revenue and profits, and highlighting: Q3-2017 * Group revenues up 36 percent y-o-y at GBP 194 million; * EBITDA of GBP 46 million (Q3-2016: GBP 33 million), with recent acquisition 32Red contributing GBP 3.7 million …
London-based technology company RISQ has launched a gaming industry first with the development of a random number generator platform boasting jackpots of up to GBP 25 million. The insurance-backed solution is suited to a range of games, including slots, tables games, lottery, keno, bingo, and instant win, and can be tailored to the individual needs …
Online gambling games developer Yggdrasil Gaming has gone live with Gaming Realms via an integration with Bear Group Limited, the company announced Friday. Players at Bear Group’s brands, including Slingo, Spin Genie and Pocket Fruity, can now enjoy popular titles such as Vikings Go Berzerk and Jungle Books, as well as Yggdrasil’s progressive jackpot slots …
Online gambling software and games developer Playtech plc has announced the acquisition for an undisclosed consideration of responsible gambling analytics provider BetBuddy. In a statement Friday Playtech said that its strategy is to acquire complementary technology which extends its software and services offering to the gambling industry. The integration of BetBuddy’s behavioural identification and modification …
Sports betting platform provider FSB has renewed a multi-year deal with its longest standing partner, Genting (GentingBet). Genting was FSB’s first client, taking its fully-managed sports betting solution in 2013, and the renewal deal ensures the companies will continue to work together for the forseeable future. FSB’s CEO, David McDowell, said Thursday: “Genting were the …
International poker ace Phil Ivey’s GBP 7.7 million defeat by Crockfords in the UK Supreme Court edge sorting issue this week is just part of a run of bad legal fortune he faced this week. Following separate US litigation over a similar edge sorting dispute in 2012 with the Borgata in Atlantic City he now …
Online gambling games and software provider NetEnt has posted another set of impressive third quarter and January to September results, highlighting the following: Third quarter 2017 * Revenues for the third quarter increased by 12.3 percent to SEK 401 (357) million; * Operating profit up 20.5 percent year-on-year at SEK 156 (129) million; * Operating …
Down in Australia the integrity chief of Racing Victoria, Dayle Brown, has been doing some good old-fashioned scare-mongering to keep the unlicensed hordes of online bookmakers at bay, warning punters that despite the temptation of better offers they should stay clear, and claiming that there are perils associated with giving bank and card details to …
High taxes and a restrictive regulatory regime in Russia have not discouraged the GVC online gambling group from backing its subsidiary Bwin’s entry into the Russian sports betting market in partnership with wealthy Russian investor Alexander Mamut. With a mid-November launch scheduled under licensing held by Mamut’s Digital Betting company, Bwin Russia is reportedly already …
Online casino WinADay reports that a jackpot winner earlier this month plans to donate some of his windfall to hurricane relief in the Caribbean islands. Player JoseP bucked the traditional Friday the Thirteenth bad luck superstition earlier this month when he hit a $277,482 jackpot playing WinADay’s Pyramid Plunder slot, and told casino management that …
Industry veteran and CEO of BetConstruct, Vahe Baloulian, has announced that he is stepping down after six years with the UK and Armenia-based company in order to concentrate on his family’s hospitality business. He will be replaced from November 1 by BetConstruct founder Vigen Badalyan, although he will remain on the board as a non-executive …
Speculation on whether the US federal government would defend the Professional and Amateur Sports Protection Act restricting sports betting to just four US states ended this week when the US Solicitor General, Noel Francisco, filed his brief with the US Supreme Court. The Solicitor General has sided with the sports leagues in opposing New Jersey’s …
After ten years at the helm of bookmaker Stan James, chief executive Denis Kelly will reportedly retire at the end of this year. Our readers may recall that two years ago the online operations of Stan James were acquired by Unibet (now part of the London listed Kindred Group) for GBP 19 million. The agreement …
Pennsylvania House lawmakers wasted no time this Thursday morning in voting 109 vs. 72 for the sweeping gambling expansion bill H-271 passed the previous afternoon by the Senate as an element in a budget-funding imperative. Our readers will recall reports earlier today that after making some concessions the state Senate approved the bill Wednesday, sending …
The Macau gambling sector’s contribution to government tax coffers for the first nine months of 2017 rose 17.5 percent year-on-year to MOP 68.64 billion (US$8.54 billion) according to figures released this week by the island’s Financial Services Bureau. Casino GGR over the three quarters to end September grew almost 19 percent to MOP 193.38 billion …