Higher taxes and the effects of the economic recession on player deposits hit Greek gambling monopoly OPAP’s profits in Q2-2013 released this week, with y-o-y profits down 78 percent. Net profit fell to Euro 28.4 million as sales dropped 12 percent year-on-year to Euro 875 million, slightly better than analysts’ Euro 863-million average forecast.
The Asian and American-backed UK online gambling group 2UP Gaming is close to clinching a deal to acquire an unnamed Atlantic City casino as it pursues New Jersey online gambling ambitions, reports the publication Press of Atlantic City. A source involved in the deal refused to disclose the target acquisition, but intimated that it was …
Illinois-based land and online gambling content company WMS Industries, parent group of Williams Interactive, has posted its fiscal Q3-2013 results with the following highlights: * Revenue of $202.8 million, up 14 percent on a quarterly sequential basis * Net income of $13.5 million * A $0.04 per diluted share impact for costs related to the …
Pennsylvania state police have filed five charges of illegal bookmaking against a Scranton, Lackawanna County man, alleging that he acted as a “runner” collecting debt money for wagers placed earlier this year using online sports gambling website wager2020.com. 32-year-old William Schreiber is the subject of affidavits from police informants, who allege that he was involved …
US gambling group Churchill Downs could be hiring up to 50 additional skilled workers at an average annual package of over $100,000 each to handle its increased online gambling activities, the Courier-Journal newspaper reports. The Louisville-based casino and racetrack company received Kentucky Economic Development Finance Authority approval Thursday for $1 million in tax incentives to …
South African-based mobile and online technology provider BetTech Gaming has clinched a deal with the Ugandan land and online operator 256Bet for the provision of online and mobile sportsbetting and Virtual Football League products. BetTech will supply its flagship BetTech Sports product to significantly upgrade and re-launch 256Bet.com alongside the introduction of a brand new …
Williams Interactive subsidiaries JackpotParty.be and JackpotParty.com, announced the international online debut of the popular Vegas-style slot game, Bier Haus Thursday. Built on the popular G+ Deluxe game engine, Bier Haus serves up a round of free spin slots action where clumped feature symbols can award up to 80 initial spins in the bonus, and special …
UK football club Peterborough United (Posh) football club signed a partnership deal with the brand new sports betting site, Betbright.com this week. The deal sees Betbright become the club’s official betting partner and will include promotional activity for Posh fans throughout the season at the sport betting operator’s website, with the club receiving a direct …
The independent digital marketing agency Greenlight says that its latest study has shown that consumer online search volumes pertaining to sports betting, poker, bingo and casino have suffered their sharpest drop yet. Brit punters spend GBP 2.3 billion annually on online gambling according to research from Deloitte, commissioned by the Association of British Bookmakers (ABB). …
Irish land and online bookie group Paddy Power, which boasts a Facebook membership of 1.7 million users, has launched its much-awaited mobile sports betting app for real money action on the social gaming site – a first for the social gaming enterprise. The Paddy Power In Play app has been thoroughly beta-tested by UK punters …
Bwin.Party Digital’s software arm, Win, has added a new slot to its popular “Slots Craze” range, adding a Garfield and Friends themed game to other social gaming faves like Casper the Friendly Ghost, Sherlock Holms and Count Dracula on Facebook. Slots Craze has recorded over a million downloads on the social gaming giant – clear …
It seems logical that an industry so closely involved in the internet and communications technology as the online gambling business would sooner or later find a way to hold conferences through the medium, and this week the Virtual Gaming Show opened the way with its first free-to-attend online gathering. Touting the online get-together as a …
Playtech plc has announced that its non-executive chairman of the board, Roger Withers, is to retire following the board meeting scheduled for October 9 2013. “Mr. Withers, whose seven year tenure commenced with the company’s Initial Public Offering in March 2006, will be retained as an advisor to the company using his extensive industry knowledge …
The Isle of Man headquartered online gambling group Playtech plc posted a strong H1-2013 report Thursday, showcasing rising revenues and a plethora of business initiatives. Interim Results for the six months ended 30 June 2013 included: * Gross income (total revenue plus income from associate) up by 10 percent to Euro 194.9 million (H1 2012: …
888 chief executive Brian Mattingley, addressing media after his company turned in another sterling set of half-year results, said that as the online gaming market in the US liberalises state by state, 888 plans to follow upcoming launches in Nevada, New Jersey and Delaware by moving into California, New York and Florida. The Telegraph reports …
Wisconsin governor Scott Walker remains implacably opposed to any legalisation of online gambling in his state, and feels so strongly on the issue that he has made it a condition for approving land expansion, according to a report in The Herald newspaper this week. The Wisconsin Senate president on Wednesday questioned Gov. Walker’s criteria for …
The US state of Delaware, which launched the first phase of implementation for its legalised online gambling yesterday has ambitious plans for interstate collaboration in the near future, reports the newspaper USA Today. Quoting Delaware Financial Secretary Tom Cook, the newspaper said that Delaware aims to team up with Nevada early next year in an …
Online gambling software developer BetSoft Gaming has announced that independent Irish bookmaker Boyle Sports is its latest customer, and is to take on BetSoft’s Slots3 games. Under the terms of the partnership, Boylesports will be offering all of BetSoft’s Alderney-approved Slots3 games, including the popular Mr. Vegas and Three Wishes. Boylesports will be taking on …
Online and land gambling group William Hill plc has had a run-in with Britain’s Advertising Standards Authority over two newspaper ads dating back to March and April in the Racing Post and The Daily Mirror. The Authority found that the odds quoted in each were misleading, and ordered the gambling group not to re-run the …
Players at JuegaOcho.com will soon have access to a unique offering which combines fantasy football management and sports betting, says a spokesman for TotelFootball. The company has inked a content partnership agreement with Ocho Gaming, an online gambling operator in the Latin American market though its JuegaOcho.com brand. The agreement will see JuegaOcho.com members presented …
The Swedish gambling group Cherry published its H1-2013 results Wednesday, posting improved revenue and profit numbers. Highlights of the period to 30 June 2013 included: * Second quarter cash at SEK 106.7 million, with online gambling deposits up 64 percent. * Group turnover increased 15 percent to SEK 61.6 million (53.4). * EBIT down at …
The rapidly expanding UK online and land gambling group Paddy Power plc posted another successful set of half-yearly results Wednesday, showing that online operations in H1-2013 continued to produce sterling revenues which delivered an impressive three quarters of the company’s profits for the period. Financial highlights for the six months ended 30 June 2013 included: …
Gibraltar-based online gambling group 888 Holdings plc continued to please investors Wednesday with a strong set of half-yearly results showcasing an impressive performance by its online poker and casino interests. Financial highlights in the report included: * H1-2013 revenue increased 7 percent to US$200.1 million (H1 2012: US$186.4 million) * B2C revenue increased 8 percent …
Google Play has joined Apple in lowering the boom on gambling apps, advising developers that they have 30 days to revise the content of their apps or face ejection from Google Play. The platform defines undesirable apps as those that involve gambling for “prizes of cash or other value,” and the company’s advisory explains that …