Danish gambling regulator Spillemyndigheden released sports betting and online casino results this week, pointing to its strongest quarter since the sector’s liberalisation in January 2012. Third quarter data, based on duty payments made by license holders, saw gross gaming revenue (GGR) from sports betting reach DKK 495 million (GBP 52.4 million), the result partly attributed …
Unibet’s recently spun-off B2B fully managed sports betting service provider Kambi Group reported a successful third quarter in terms of revenue growth of 68 percent. Key performance highlights for the third quarter ending September 30, 2014 include: – Revenue amounted to Euro 9.5 million (Q3/2013: Euro 5.6 million), up 68 percent – Operating profit (EBIT) …
Unibet Group plc has delivered its third quarter and 9M/2014 unaudited interim results, reporting new all-time highs in activity and margin growth. Key performance highlights for the third quarter ending September 30, 2014 include: – Gross winnings revenue of GBP 80.4 million (Q3/2013: GBP 64.0 million). – Profit amounted to GBP 18.1 million (Q3/2013: GBP …
The Spanish gaming authority Dirección General de Ordenación del Juego (DGoJ) has entered into a collaboration with la Autoridad de Fiscalización y Control Social del Juego de Bolivia and la Dirección Nacional de Loterías y Quinielas de Uruguay in terms of the cooperation and exchange of information regarding existing regulatory models in each jurisdiction. The …
Chief financial officer Michal Vepřek and chief marketing officer Zdeněk Lang will leave gaming firm Fortuna Entertainment Group (FEG) at the end of this year in line with an agreement made with the company’s majority shareholder, Fortbet Holdings. Fortuna has achieved long-term strength and stability and demonstrates considerable growth potential. After nearly five years with …
It’s taken more than a decade of expensive fact-finding trips, studies and political debate, but it appears from a Business Day report Wednesday that the South African government has decided on the prohibition of online gambling rather than licensing and regulating the industry. The decision to stick with traditional forms of gambling and eschew internet …
The much publicised arrest on illegal sports gambling charges of high stakes poker player Paul Phua, his son and several other associates in Nevada during the FIFA World Cup (see previous reports) is back in the headlines this week following defence lawyer criticism of the enforcement tactics deployed. It is alleged that, ignoring an opinion …
Numbers that have emerged during the litigation between the state of New Jersey and the US national sports leagues over sports betting show that an expert assessment values the potential market at an impressive $11 billion – surely an incentive for gambling businesses to get behind the state in pushing for sports betting legalisation. The …
The latest clash in the New Jersey vs. US sports leagues litigation over sports betting (see previous reports) has been set down for November 20 by presiding judge Michael Shipp. Earlier this month Shipp granted a temporary restraining order to the leagues, stopping the Garden State’s attempt to immediately introduce sports betting in its tracks …
The Nevada Gaming Control Board said revenue declined almost 6 percent in September 2014 with an alarming 12.1 percent dip in gaming on the Strip. September gaming revenue from casinos amounted to $901.7 million (September 2013: $958.9 million), while the strip yielded revenues of $494.8 million (September 2013: 563.1 million).
California-based CrowdGather subsidiary Plaor, Inc. has launched a third Grover Gaming title to its app on Facebook, iOS and Android platforms. The latest title is “Lucky Rubber Ducky™”, which is a 5-reel video slot featuring scatter symbols and multipliers. “Grover Gaming’s exciting and innovative slot games have been valued additions to our leading social casino …
Sports betting firm Interwetten will expand its offer with the addition of iSoftBet titles available via a new online casino tab. Along with branded content, iSoftBet will also provide its range of mobile games to Interwetten’s bank of players. “We’re proud to have been chosen to work with such a well-trusted brand as Interwetten,” said …
NYX Gaming Group will launch the online gaming site of FootballPools.com on its Open Platform Systems, NYX OPS as the brand moves to modernise its online offer. Football Pools.com will offer Classic Pools, Premier 10 and MatchXtra, plus the latest in instant win slots and table games from NYX OGS. David Flynn, executive vice president …
U.S. MGT Capital Investments Inc. (MGT) is set to launch its first social daily fantasy sports game on Facebook. Titled Daily Fantasy Legend (DFL), the offer is a free to play game for anyone aged 13 and up who has a Facebook acount. Players can create fantasy lineups of real athletes and compete against teams …
Coral Interactive is the latest operator to agree a games distribution deal with Odobo. An established name, Coral Interactive is a substantial gain for Odobo and its developers, Odobo’s chief business affairs officer Julian Jarvis said. Coral Interactive has also commissioned bespoke content via Odobo along with the traditional offer, saying “Odobo has fantastic games …
Xprogaming.com has entered the live dealer B2B field, streaming casino action from a European studio, and claiming a robust solution, easily integrated into virtually any existing platform. The Bratislava-based company, founded in 2005, has hitherto concerned itself with RNG online casino games, and has a current business relationship with BetSoft Gaming. XPG offers the most …
The Isle of Man-based online gambling software provider Microgaming has released a new preview vid on its latest blockbuster slot Game of Thrones that is sure to whet the appetites of online punters. Due for release in December, the Game of Thrones is a 5 reel slot with a spectacular theme licensed from the hit …
Addressing the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, New Jersey state Senator Ray Lesniak said he remains optimistic on the future of online gambling in his state despite the slow first year of operations, which he attributed in part to the uncooperative posture adopted by several major credit card companies. State …
The Malaysian Attorney-General is alarmed by the rise in illegal gambling – much of it through mobile and online channels – and is to submit to the federal government a proposal to either amend the existing law or draft a new law to curb the burgeoning pastime, according to reports in the Malaysian media Tuesday. …
The proposed acquisition of Bally Technologies by Scientific Games could be in trouble following reports Monday that JPMorgan Chase & Co. put off syndicating $3.19 billion of loans to help finance the purchase. The news that JPMorgan, Bank of America Corp. and Deutsche Bank AG – hired by SG to sell the bridge loan – …
Quoting an unidentified recent study, Australia’s Sunday Telegraph newspaper claimed over the weekend that Australians will spend a record A$26 billion ($22.8 billion) this year on race and sports betting. “On a per-head basis, they are likely to spend A$1,200 on events such as the Melbourne Cup, 90,000 races, the NRL premiership, AFL, soccer, basketball …
Paula Dwyer, CEO of Australian betting giant Tabcorp told investors this week that the company is currently in talks with the Australian national government through which it hopes access to offshore internet gambling operators will be blocked. Dwyer says this is necessary to shield Aussie consumers, protect tax revenues and the integrity of sports events, …
The rising trend experienced last year by the lotteries see previous report) has continued into 2014, with total lottery sales up 25.2 percent to $5.3 billion in September. Nevertheless, there was some slowdown compared to August 2014, when massive numbers of punters wagered 31.5 billion yuan, 28.1 percent more than the preceding August. Sports Lottery …
California-based social gaming company Playstudios has closed a third round of funding led by Jafco Ventures. The “self-sustaining” company raised $20 million that will allow it to “aggressively invest in our current apps or, opportunistically, find and create other apps to invest in,” said chief executive Andrew Pascal in an interview with GamesBeat. This latest …