GVC Holdings plc, still embroiled in the fight to buy Bwin-Party, issued its H1-2015 results Friday, commenting that it intends to play a key role in the consolidation phase the online gambling industry is currently experiencing. Highlights from the report include: * Wagers – up 18.6 percent to Euro 824 million (H1-2014: Euro 694 million); …
Bwin.Party Digital Entertainment plc, the online gambling group at the centre of a tug of war between potential buyers GVC Holdings and 888 Holdings, posted a 2 percent rise in first-half 2015 earnings Friday. The small increase had been helped by cost savings, which lifted the core earnings for H1-2015 to Euro 45.4 million. Along …
Due to its bid for Bwin-Party, online gambling group 888 Holdings plc has been much in the news this month, and the interest in the group has been boosted by its latest half-year results, released Friday. The report for the period to end June 2015 highlights: * Revenue up by 9 percent to US$244.9 million …
The Dutch government has yet to implement its online gambling legalisation regime (see previous reports), but that hasn’t stopped the market from growing, according to an overview published this week by the regulator, Kansspelautoriteit. By the end of this (2015) year the Dutch market will have be generating GGR of Euro 296 million, Kansspelautoriteit estimates. …
Daily fantasy sports operator DraftKings continued to invest in gaming facilities at top US football stadia this week, opening three new DFS sports lounges in partnership with NFL franchises Dallas Cowboys, New England Patriots and Kansas City Chiefs. The heavily branded lounges at the AT&T Stadium, Gillette Stadium and Arrowhead Stadium have gone operational in …
The respected publication CNet has published an article discussing the possibility that social casino games “normalize” gambling behaviour and set the scene for later problems for addictive personalities. The article points to the increased accessibility of websites, especially by younger generations who extensively use their mobile devices for leisure activity CNet notes that the global …
According to US East Coast media reports the problem gambling body Gamblers Anonymous is considering the inclusion of daily fantasy sports in its list of subjects that vulnerable gamblers should avoid in order to reduce the dangers of temptation. The booming DFS industry is attracting an increasing amount of attention from political, commercial and public …
MGM Resorts chief and American Gaming Association chair Jim Murren continued to make the media columns this week as further quotes from his News3LV interview surfaced. After suggesting that daily fantasy sports is undoubtedly gambling and should consequently be regulated (see previous report) Murren went on to tackle the Restoration of America’s Wire Act, a …
Activist gambler Tim James has launched the first episode of his show on Youtube following previews which have attracted wide online media attention in the industry (see previous reports). In keeping with his promise to expose the hypocrisy of major online gambling opponent and land casino owner Sheldon Adelson, James has included clips from Adelson …
Online gambling slots developer ELK Studios has previewed its latest slot, which joins popular games like Electric Sam, Champion’s Goal and The Lab in its inventory and is due for launch on September 9. Titled Tacos Bros. the cartoon-style theme is set in Mexico around 1881, where three brothers, Paso, Pepe and Pico enlist the …
Speaking at a media conference following the release of his company’s results Thursday (see previous report), Playtech’s CEO Mor Weizer said the future of gambling is the omni-channel approach, in which mobile, web and retail operations are all linked and integrated using sophisticated technology and organisation. Certainly that is the route which his company is …
The online services division of Australian gambling group Lasseters, an online gambling leader in the early days of the industry, has released FY numbers to end June 2015, reporting that a profit of A$315,330 in 2014 has turned into a loss of A$80,750 this year. Revenues – the company develops online versions of casino games …
After some weeks of silence whilst GVC has been upping its offer for Bwin-Party, rival bidder 888 Holdings plc issued a statement on Thursday indicating that it stands on its earlier proposal, which the Board of Bwin-Party continue to recommend. The statement noted that the 888 board of directors “…continues to believe that the combination …
Live dealer technology and content provider Evolution Gaming published its Q2-2015 results Thursday, highlighting the following financial progress: * Revenues up by 55 percent to Euro 17.9 million (Q2-2014: Euro 11.5 million); * Profit for the period up at Euro 5.9 million (Q2-2014: Euro 2.9 million); * Earnings per share up at Euro cents 16 …
In the ping pong game that the Bwin-Party – GVC Holdings takeover negotiations appears to have become, the former company issued yet another statement Thursday, confirming that “…key aspects of GVC’s proposal have now been addressed to bwin.party’s satisfaction,” but advising that it is now asking GVC for clarity on the best terms on which …
Playtech plc has released its H1-2015 numbers, showcasing a strong overall performance for the six months to end June, and noting the following highlights: * Revenues up 33 percent at Euro 286 million; * EBITDA up 16 percent at Euro 112.9 million; * Adjusted net profit up 19 percent at Euro 115 million; * Reported …
Playtech plc has announced the appointment as a non-executive director of Paul Hewitt, who will chair the Board’s Risk and Compliance Committee and Remuneration Committee and sit on the Audit Committee and Nominations Committee. A qualified accountant, Hewitt’s recent executive responsibilities have included being the Deputy Group Chief Executive and Chief Financial Officer of the …
UK-based business-to-business games provider GameAccount has partnered with Chicago-based slot developer Incredible Technologies Inc. to launch an online version of the IT Inc. slot titled Medusa: Quest of Perseus, on the Simulated Gaming network in the United States. Simulated Gaming is the Internet gaming service designed by GameAccount Network specifically for land-based US casinos to …
Online bingo operator Dream Bingo in the Betway Group has announced that it has secured the headline sponsorship of the 20th annual Inside Soap Awards in a partnership with organisers Hearst Magazines UK. Dream Bingo’s customers will have the chance to attend one of the celebrity events of the year by entering a ‘Guess the …
Fortuna Entertainment Group, a Czech-bas online and land gambling operator, has reported on it H1-2015 performance, disclosing a fall in net profit of 47 percent to Euro 4.8 million (H1-2014: Euro 5.45 million) – worse than was expected by the market. The Reuters news agency reports that EBITDA fell 39 percent to Euro 9 million, …
Daily fantasy sports operator DraftKings, which has yet to reach profitability, has been spending lavishly – $9.46 million last week alone – on advertising to bring in more players and develop critical mass. Television advertising monitor iSpot ranks the DFS firm as seventh biggest advertiser last week, convincingly overtaking Nissan, Verizon and even McDonalds. Our …
Jim Murren, CEO of the giant MGM Resorts casino group in the United States, has again questioned the legal position of daily fantasy sports, drawing a line between that and traditional seasonal fantasy sports which enjoy a legislative carve-out in federal US law. During a long interview with CBS News3LV in Las Vegas this week, …
The Philippine Amusement and Gaming Corporation has approved the accreditation as a testing agency of online and land gambling test lab NMi, the company revealed in a statement Wednesday. “This accreditation by PAGCOR follows the recent appointment of NMi by First Cagayan. With NMi now able to test for both jurisdictions in the Philippines this …
On the back of a possible Paddy Power-Betfair merger, share prices rose sharply in both companies, no doubt elating Betfair co-founder Ed Wray and Paddy Power’s David Power. Betfair’s share price rose 21.36 percent to GBP 31.59 as we went to press effectively increasing the worth of Wray’s 9.5 percent holding by at least GBP …