The Danish regulator Spillemyndigheden has published Q4-2015 and FY-2015 numbers, commenting that Q4 GGR for both betting and online casino was higher than the same quarter in 2014. In Q4-2015 the GGR for online casino grew nearly 25 percent year on year, representing the fourth consecutive quarter where GGR was more than 20 percent higher …
Online gambling software provider Playtech plc announced its FY-2015 results Thursday, showcasing strong growth but heavier taxation burdens. Highlights reported by the company included: * Double-digit revenue increase of 38 percent to Euro 630.1 million; * Adjusted earnings up 22 percent to Euro 251.9 million; * Net profit up 8 percent at Euro 205.9 million; …
Playtech’s biggest shareholder, Teddy Sagi, will be pleased with the latest contract signed by his financial services company SafeCharge – an agreement to provide deposit and withdrawal services to the merged Paddy Power-Betfair online and retail gambling giant. SafeCharge’s Personalised Cashier product will enhance customer payment and withdrawal services, the company boasts in a presser …
The US National Football League’s involvement in daily fantasy sports came under fire this week from the Campaign for a Commercial-Free Childhood and the National Council on Problem Gaming, which claimed that NFL Rush Fantasy (which allows young players to build fantasy teams for prizes) “has the trappings of DFS – including frequent contests requiring …
Online gambling games developer and media group Vermantia has announced that Get’s Bet, a major Romanian betting operator, has signed up for its portfolio of 12 virtual games, including Virtual Football, Horse, Greyhound and Motor Racing. The games will be offered online and in Get’s Bet’s 400 retail betting shops. Vermantia’s chief commercial officer, Thanos …
New York Attorney General Eric Schneiderman, who has been leading the prosecutorial charge against daily fantasy sports, must be gnashing his teeth at the news Wednesday that a new DFS legalisation bill has been introduced in the state Senate. The influential proposer of the bill – S 6793 – is Sen. John Bonacic, chairman of …
Sen. Ryan McDougle’s daily fantasy sports regulatory proposal SB646, which cruised through the Virginia Senate earlier this week on a 28 vs. 10 vote (see previous report), has received a rapid vote of approval in the state Assembly and is now on its way to Governor Terry McAuliffe’s desk for signature. Virginia’s bill specifically exempts …
The Chinese online lottery 500.com continued to be hobbled by the widespread Chinese crackdown on corruption last year, posting a disappointing 82.8 decline in net revenue at RMB99.6 million ($15.4 million) for FY-2015. Operating losses continued, resulting in an alarming 301.6 percent y-o-y decline to a loss of RMB301.4 million compared with an operating profit …
US land gambling and racing group Churchill Downs Incorporated’s decision to get into online social gaming through the acquisition of Big Fish Games over a year ago (see previous reports) was a sound one, as the latest company results illustrate. In Q4-2015 Big Fish delivered revenue of $113.7 million and earnings of $28.5 million, with …
Aussie gambling group Crown Resorts has posted a dismal half year report for the period ended December 2015, revealing that even its online operations – usually a highlight in gambling firms and including social gaming – sustained an EBITDA loss of A$9.8 million. The operations included well-established enterprises like CrownBet, Betfair Australasia and DGN Games …
Sen. Ryan McDougle’s daily fantasy sports regulatory proposal SB646 has cruised through the Virginia state Senate on a positive 28 vs. 10 vote and is now headed for the House The proposal; is understood to require each operator to pay an annual fee of $50,000 to register with the Department of Agriculture and Consumer Services, …
DFS News reports that daily fantasy operator DraftDay hopes to cash in on the popularity of online porn through a deal with Vivid Entertainment, one of the internet’s largest purveyors of adult films, to offer daily fantasy to viewers through a new joint venture titled VividBetSports.com (see previous report). Company officials told the publication that …
The UK Gambling Commission has released new figures which it claims offer better insight into online gambling behaviour in Britain. Accompanied by easily digestible infographics the report cover participation in gambling, perceptions of gambling and rates of problem gambling. The research for the first time also includes information about how people gamble online – the …
FY 2015 results posted by Caesars Entertainment reveal that net revenues increased 14.7 percent to $4.5 billion driven by increased performance of the hospitality offerings and Caesar Interactive’s social and mobile games business. “Caesars achieved solid operating momentum throughout 2015. Including CEOC’s results, the enterprise experienced its best full-year of operating results since 2007,” said …
The proposed sale of the Western Australian government TAB betting agency (see previous reports) has prompted WA Gaming Minister Colin Holt to warn that he will not support the sale if the money goes towards paying down the mounting state debt. In a letter to WA Treasurer Mike Nathan, Holt emphasised that cash from such …
Media reports in the Sunday Times and investment publication Motley Fool this week quoted an anonymous source who speculated that Playtech could be eyeing Openbet and possibly Amaya with a view to an acquisition move. The reports noted that Playtech has an expansion strategy, along with a cash pile of $600 million and easy access …
Australian debit card issuer eMerchants has generated a significant amount of media coverage Downunder with its current report on bookmaker-branded debit card usage, which reveals that usage increased six-fold – from A$15 million to A$90 million – in the first half of last year. The Sydney Morning Herald reported that most of the major Australian …
Sweden’s Higher Court of Appeal has acquitted five defendants of an aggravated fraud sentence delivered when they were found guilty earlier this month by a Swedish District Court of playing poker against 25000 Svenska Spel poker players using a poker bot. The case broke in 2003, when Svenska Spel notified local police of suspected fraud …
Dante’s Hell, the latest 3D multi-line slot release from gaming developer World Match, takes players on an escape from the spiritual depths offering Free Spins, Free Spin Wild, Wild, Magic Wild, Wild Multiplier, Scatters and Bonus Games as they journey through the twists and turns. A demo version can be watched here: http://www.worldmatch.eu/games/dante-hell-hd/
Israeli white label daily fantasy sports (DFS) provider Fantasy Network has entered into a distribution deal with iGaming provider SoftGamings. Under the terms the deal, SoftGamings will become an authorised platform and distributor of DFS Games while Fantasy Network will provide the platform with their simplified DFS along with support for CIS Football leagues and …
Win Cash Live parent company Lean Forward Ltd has appointed Jim Supple as chief operating officer. Supple previously spent around three years with 360 Change Consultancy Ltd, prior to which he served as Betfair’s interim Trading Director and in various positions over a nine year period at William Hill. Supple will assist in executing Win …
Australian online race and sports betting operator TopBetta was found guilty of offering gambling inducements by the Liquor & Gaming NSW (New South Wales) authority this week. The company admitted guilt on three counts of publishing gambling advertising on its website between October 2014 and May 2015 that promoted “NO LOSE SATURDAY” where it offered …
Dutch central bank, De Nederlandsche Bank ,and gaming authority Kansspelautoriteit will cooperate on issues concerning the financial supervision, money laundering, financing terrorism and sanctions acts through a formal agreement signed this week. The two entities have agreed to exchange confidential information and will advise and authorise in collaboration prior to launching any enforcement action. In …
Online gambling platform provider Leander Games has partnered with games developer Genii to distribute the gaming technology supplier’s portfolio of more than 130 games. The package includes Genii’s broad range of interactive games, including its i3D range and the patented Spin16 games, which allow players to interact directly with the reels, swiping up, down, left …