Sports, pools and tote betting company Sportech plc posted its full year preliminary results to end December 2012 Wednesday, highlighting the following points: * Revenue down by 5 percent to GBP 112 million (2011: GBP 118.2 million), due primarily to discontinuing unprofitable customer acquisition activities. * EBITDA slightly better by 1 percent to GBO 26.4 …
The state of Hawaii saw yet another attempt at legalising online gambling launched on January 18 this year but recent reports indicate that the measure is unlikely to succeed and has made little progress. Sources in the Hawaii Senate told the authoritative poker publication Card Player this week that whilst the bill had not been …
Our readers may recall a report earlier this year in which a lavish Super Bowl party hosted in Toronto by online sports book operator PlatinumSB was broken up by a massive raid conducted by the Canadian police and gambling authorities. The remarkable thing about the report was the speed with which the operator reorganised its …
The recent aggressive and at times distasteful public exchanges between the management of International Game Technology and the Ader group trying to get three directors onto the Board are now hopefully water under the bridge following yesterday’s agm and the votes of the firm’s shareholders. It looks like only a qualified win for the challengers, …
There were several interesting nuggets of online information in the outstanding full year 2012 results posted by Paddy Power plc Tuesday. The online and land gambling group revealed that almost three-quarters of its Euro 139.2 million (GBP 120.3 million) in profits came from online operations, where the number of active online punters has doubled to …
JPM Interactive’s latest game – a progressive slot in the company’s Max Power series, has been released online. Titled 4th Dimension Max Power the game is a 3-reel, 8 pay-line internet slot game with a progressive jackpot, bonus round, instant play, auto-play and a sci-fi theme. When triggered, a fourth reel feature rewards players with …
The UK sports video streamer Perform Group has laid out an initial Euro 2 million to acquire Dutch sports site Voetbalzone.nl. An additional Euro 10.5 million is conditional on EBITDA performance over the next three years, the company advised Monday. Oliver Slipper, joint CEO for Perform Group, said that Voetbalzone.nl features news from the world …
Major online gambling operator 888 has launched its first real money casino app, MAGIC888, on Facebook, the world’s most popular social network. The casino launch follows the availability last December, 888 of the company’s BingoAppy, its first real money gaming application on Facebook. The MAGIC888 casino app offers players in the UK, who are over …
Britain’s proposed imposition of a secondary licensing and point-of-consumption tax on offshore internet gambling firms wishing to access the UK market just became more complicated with the announcement that the European Commission, to whom the proposal has been submitted, has extended its three month review period by a full month following a complaint from the …
The online and land gambling group Paddy Power plc enjoyed a record breaking 2012, judging by its FY 2012 results posted Tuesday, which included the following highlights: Group: * Record profit before tax, up 15 percent to Euro 139.2 million and diluted EPS up 17 percent to 248.1 cent; * Net revenue growth of 25 …
The American Gaming Association, which counts most of the major Las Vegas land casino operators among its members, has made an unprecedented move in filing its opposition to the proposed acquisition of Atlantic City casino Atlantic Club by Rational Group, the parent company of online poker giant Pokerstars. The Association has never before sought to …
Greek betting monopoly OPAP has entered into a three-year IT services contract renewal with Intralot, as it prepares for the sale of the Greek State’s 33 percent stake in the business. While Intralot’s existing contract with OPAP is due to expire in July 2013, the renewal deal is still subject to shareholders approval at a …
International Game Technology (IGT) delivered welcome news to shareholders today (Monday) with the declaration of a cash dividend of $0.08 per share on its common stock. Equating to a 33 percent increase compared to the dividend paid in the same quarter last year, this is IGT’s 40th consecutive quarter of returning value to its shareholders. …
Paddy Power’s outdoor media, situated outside UK football stadia, that suggested second jobs for footballers playing below par has been followed by a public apology in The Sun and The Daily Star UK newspapers. Un-phased by the feathers it ruffled the first time around with certain UK football clubs such as Chelsea FC, Paddy Power’s …
Bet-At-Home.com AG delivered a 17 percent increase in GGR in its 2012 year-end report this week. Despite a good performance, the company’s results were negatively affected by gaming taxes and a significant increase in advertising expenses in pursuit of its growth strategy. Key performance indicators include: – Group financial result for financial year 2012 increased …
Portsmouth-based gaming developer Arooga is approaching the Social Gambling sector from a different tack, saying its focus lies in switching on a generation of tech-savvy consumers who have never had a wager before rather than converting existing web gamblers to social gaming. Arooga currently has two slot offerings on Facebook, one themed on the 80’s …
Microgaming has released “Agent Jane Blonde” to its multi-player tournament portfolio. The game, a five reel, nine payline video slot, has been configured for use in tournament format and will be utilised for a series of network tournaments running from March 6th. “Over the past few months we have enhanced our multi-player offering considerably, adding …
Barcelona-based mainly bingo online games developer Zitro did a little media teasing this week, announcing that it is to launch 20 new games this year, but then giving details of only two already available bingo offerings. What it did do in its press material was boast that it employs 300 people, and it used the …
Following widespread US coverage of comments Monday by Caesars Entertainment exec that it will take 18 months to two years for newly legalised online gambling to get up and running in New Jersey, industry experts have made more optimistic predictions, with some saying that New Jersey land casinos could be offering online gambling by year’s …
The Helsinki-based gaming software developer Finnplay (formerly known as Digient) has delivered an online gambling platform to Ezugi, the live dealer casino specialist provider. Ezugi offers a live dealer casino platform for the online-offline casino worlds that adds a layer of interactivity to the video broadcast, creating an engaging environment for users, while enhancing monetisation …
40 years ago, the only legal way Americans could gamble was to travel to Nevada, the only US state that permitted a leisure pastime that was regarded in that era as disreputable; since then the United States has seen remarkable changes and more freedom of choice, with land gambling available in 38 states, lotteries in …
Giving his assessment of the New Jersey online gambling market after Gov. Chris Christie signed last week’s legalisation bill, industry analyst Brian McGill estimated that the overall size of the New Jersey online gambling market could be $1 billion. Established companies supplying the Atlantic City land casino operators who would hold the licenses could share …
Thursday’s decision by federal Judge Michael Shipp to issue a permanent injunction against the implementation of New Jersey’s new sports betting law will be taken on appeal, Governor Chris Christie and state lawmakers told the Reuters news agency Friday. New Jersey’s challenge to the federal Professional and Amateur Sports Protection Act, which restricts sports betting …
The Spanish operator association of digital gaming, JDIGITAL‘s annual report, analysing the market along with the operation of licenced digital gaming companies carries some interesting nuggets relating to the Spanish market. According to the association: – Estimates that the online gambling industry spent 38 percent more, around Euro 125 million, on advertising following the regulation …