Reporting on its Q1-2017 results Thursday, Evolution Gaming posted a 60 percent year-on-year rise in revenues, attributing growth to higher demand for live casino and expansion into Latin America. Operating revenues during the three-month period increased to Euro 39.7 million , up from Euro 24.8 million last year, while the Swedish supplier’s EBITDA rose 65 …
The conversation on federal government Communications Minister Mitch Fifield’s intention to seek Cabinet approval for a ban on gambling adverts during live sports events (see previous reports) continued Thursday with the Australian Financial Review exploring the possible costs in lost advertising…and some parties suggesting that online media could benefit from reallocated advertising funds. The latter …
HB271, a Pennsylvanian House bill proposing the introduction of tablet gambling at state airports, but with plenty of room for other gambling additions, including online (see previous report) has been approved by the state Senate’s Community Economic & Recreational Development Committee and referred to the floor for a vote on a 13 to 1 positive …
Anti-online gambling casino tycoon Sheldon Adelson is well known for the political clout he wields, courtesy of big money donations to politicians and especially the Republican Party. This week the New York Times reported on recent mandatory filings with the Federal Election Commission showing the extent of the casino multi-billionaire’s generosity, triggering speculation that his …
Whilst online gambling in New Jersey has gone from strength to strength, it is clear that Delaware has not followed suit despite an equal time in the market; for March the state regulator reports that online gambling revenues declined 42 percent year-on-year to a meagre $151,811 on the back of turnover of $8.03 million. That …
The Bureau of Immigration in the Philippines has been active this week, arresting a total of 55 allegedly illegal Chinese immigrants engaged in illegal gambling operations in the Bataan Freeport Zone. In the latest raid, 38 Chinese nationals were detained and taken to the BI detention centre in Taguig. A BI spokesman said that their …
Online gambling software and games provider NetEnt released its Q1-2017 results Thursday, reporting the following highlights: * Revenues for the first quarter increased by 15.2 percent to SEK 398 (345) million; * Operating profit was SEK 136 (128) million, an increase of 6.3 percent; * Operating margin was 34.2 (37.1) percent; * Profit after tax …
The Rank Group plc, one of the UK’s most established gaming operators, has agreed a significant contract extension with Playtech plc to include the full integration of its table and slot management systems across its entire 54 land-based UK Grosvenor casino estate. The agreement further strengthens Playtech’s pioneering Playtech ONE suite of software. Today’s announcement …
Australian betting companies are anxiously awaiting the outcome of a Cabinet proposal by federal Communications Minister Mitch Fifield that a federal ban be imposed on all gambling advertising on live sports events from the start of the games to the end. The Australian publication B&T Mag quotes The Australian newspaper on the proposal, reporting that …
DraftDay.com – a daily fantasy sports website operated by the DraftDay Gaming Group Network, has announced that it is to discontinue the brand in 60 days’ time due to “changes in our business strategy and focus.” In a communication to players, the company indicated it was switching to a business-to-business model, advising: “We are discontinuing …
China Daily reports that the online social platform, Xingqiu, is under suspicion for facilitating gambling. Gambling is reportedly facilitated through live video streaming guessing contests which invite players to bet using virtual currency. According to a Beijing News report, organizers deny illegal practice saying, as players do not exchange virtual currency for real money, it’s …
A revised offer from The Pacific Consortium (TPC), led by private equity firm KKR, for Australian gaming and lottery giant Tatts has been placed on the table. TPC is making what has been described as “an eleventh hour bid” challenging Tatts’ previously planned merger with Tabcorp with a revised multi-billion dollar takeover offer. Our readers …
Stockholm-based online casino platform and content provider, NoLimit City, has agreed a content supply deal with SuprNation’s VodooDreamsbrand. VodooDreams customers will gain access to NoLimit City’s full range of quality HTML5-built titles including Oktoberfest, Creepy Carnival, Space Arcade and new title, Kitchen Drama – Sushi Mania. “We love to work with operators whose mission is …
Reading-based games provider Realistic is set to launch a new five-reel, ten-payline slot titled “Symmetry,” its first HTML5-only release. The slot features a tessellated tile theme and offers two bonus rounds. The higher-end Symmetry bonus is awarded when all five reels contain a stack of three matching symbols which then form a symmetrical pattern. The …
A trading update from B2B mobile gaming firm, Nektan, reports continuing improved trading in its third quarter. Key performance indicators for the three months ending 31 March 2017, include: – Net gaming revenue of GBP 3.7 million, up 63 percent year-on-year from GBP 2.2 million. – An increase of 147 percent in first time depositors …
Despite a challenging year, Betsson delivered in its full Year 2016 fiscal report. Key performance markers for the twelve month period ending December 31, 2016 include: – Group revenues of SEK 4,117 million (2015: SEK 3,7220 million), up 11 percent. – A 15 percent increase in gross profit to SEK 3,078.0 million (2015: SEK 2,675 …
Sportech shareholders have approved the disposal of Sportech’s Football Pools business for GBP 83 million, to OpCapita LLP’s FP Acquisitions Ltd, at the company’s Annual General Meeting, this week. Proxy votes (excluding votes withheld) were cast for a total of 140,564,891 Ordinary Shares of the Company, representing 75.73 per cent. of the total number of …
U.S. full-service casino gaming products and B2B and B2C social casino provider, American Gaming Systems LLC (AGS) has submitted a draft registration statement to the United States Securities and Exchange Commission (SEC) relating to a potential initial public offering of its common stock. The number of shares to be offered and the price range for …
The National Basketball Association (NBA) has embarked on a multi-year partnership with Daily Fantasy Sports (DFS) provider PlayON who has been awarded the coveted Official Daily Fantasy Sports Partner of the NBA in multiple markets throughout Europe, Latin America and Asia. PlayON will offer Official Daily Fantasy NBA Games in the UK, France, Spain, Italy, …
Alabama legislators in the State House have progressed the debate on whether fantasy sports betting should be legalised and regulated, passing the bill with a close vote of 43-38 on Tuesday. The bill will move to the State Senate and is expected to be up for further vigorous scrutiny, industry pundits predict. In related news, …
The Betreels online casino is to join other operators planning to exit Australia in the face of proposed new legislation effectively banning online gambling (see previous reports) In a communication this week, management advised affiliate marketers: “In anticipation of changes in the gaming regulations in Australia, the Gibraltar Gaming regulator has requested that we stop …
Betsoft Gaming’s latest partnership will see a full suite of the software developer’s 3D iGaming content and ToGo mobile go live on Bitcoin operator rollthebit.io’s website. Rollthebit.io will be targeting players from Latin America, Spain, Brazil, Portugal, Europe, the Philippines, Australia and Asia. “They [Rollthebit] are a fresh face in our business, yet they are …
B2B internet gaming firm, GAN (formerly GameAccount Network), has been awarded its first gaming license in the U.S. by the New Jersey Division of Gaming Enforcement (NJDGE) after an almost four year application process. GAN considers the award an important milestone placing the company in a strong position to obtain licenses in other US States …
Online casino software developer Red Tiger Gaming has named former Paddy Power Betfair director of gaming, Gavin Hamilton, as managing director, effective May 2017. Hamilton has been tasked with spearheading the supplier’s ambitious expansion plans across regulated European markets, which includes applying for licenses across the continent, a company statement reads. Hamilton served in various …