Listed online casino operator Mr Green AB has released an interim report for the first quarter 2015, advising that it has achieved robust growth in an above market level performance. In the first quarter of 2015, game win increased by 26.6 percent to SEK 195.2 million (154.2), compared with the year-earlier period. However, EBITDA for …
Playtech has announced that all outstanding conditions relating to the acquisition of TradeFX have now been satisfied, including the approval of the Cyprus Securities and Exchange Commission, and the transaction has completed. The financial statements of TradeFX will be fully consolidated into Playtech’s group accounts from 8 May 2015, and TradeFX will therefore make close …
The Isle of Man-based online poker giant Pokerstars continued its expansion into other verticals this week with the launch of online casino games on the Pokerstars.it website in the Italian market. Roulette and a range of Blackjack variants are in the vanguard of the new offering, which allows players to move funds freely between casino …
Scientific Games Corporation has posted its financial results for the first quarter ended March 31, 2015, reporting the following highlights at group level: * Revenue up at $658.7 million (Q1-2014: $388.1 million); * Operating income up at $18.1 million – a major turnaround from Q1-2014’s $12.1 million loss; * Net loss of $86.4 million (Q1-2014: …
Pennsylvania Representative John Payne, chairman of the state House Gaming Oversight Committee, has joined a number of other political and industry personalities in casting doubts on the credibility of a recent survey purporting to show that most Pennsylvanians are against online gambling legalisation in the state. The auto-phone poll was conducted by Republican Party-leaning Harper …
This week’s approval of an amended online gambling law by Romania’s parliament includes a provision which is unlikely to appeal to operators who have been previously active in the country prior to a formal framework. Legislators have included clauses which levy a retroactive 20 percent tax on business conducted since 2009….hardly an encouragement for operators …
The animosity between the state governor, the director of the state lottery and legislators over Minnesota online sales activity has resurfaced with a new bill seeking to discontinue the activity which was approved this week in the state Senate on a 56 vs. 8 vote. Our readers will recall that the differences go back over …
With election fever at its height today (Thursday) as British voters headed for the pools in a general election, land and online betting group Paddy Power pulled one of its famous publicity stunts, hiring a large green truck emblazoned with the words “You’re getting sacked in the morning” and parking it in front of the …
Sportech plc may be considering the sale of its ailing Football Pools UK subsidiary, which saw earnings dip 5 percent to GBP 24 million recently. The Times newspaper broke the news, revealing that Sportech wants to focus on its growing US racing business after yet another underperformance from the Liverpool pools subsidiary, where revenues and …
Endorphina, the up-and-coming online gambling games developer from Prague, has announced a new deal with Russian online and land gambling group 1xBet. The agreement calls for Endorphina to supply its 30 Flash technology games to the Russian group, which boasts 400,000 online players on the books.
The Italian gambling market was buzzing Thursday as news of a major Euro 225 million merger between sports betting operator Gruppo SNAI and technology, equipment and content provider Cogemat broke. The assets and subsidiaries, including Cogetech, will be taken over by SNAI after the company reached agreement on a merger arrangement with major shareholders, Global …
Online slot fans with a yen for something different will be catered for at the end of May with the release of Yggdrasil Gaming’s new 5 reel 10 pay-line slot, Cyrus the Virus. That’s right – the theme is based on seven types of colourful but mean looking viruses, and the values of these different …
Live dealer provider Evolution Gaming has published its first interim report since publicly listing, showcasing growth in revenues, operating profit and EBITDA. The company said that its recent deal with Pokerstars enabled it to boost revenues 43 percent y-o-y to Euro 15.4 million in its first quarter 2015. Adjusted EBITDA grew 95 percent to Euro …
Fortuna Entertainment Group, a Central European fixed-odds betting operator, has announced its unaudited consolidated results for the first quarter of 2015, reporting: * Total amounts staked up by 20.2 percent to Euro 199.3 million * Total Gross Win up by 3.7 percent to Euro 35.4 million * Online operations a major contributor, with Sports Betting …
Despite a relatively positive first quarter in which revenues rose 9 percent to $183.3 million and net losses were reduced to $46.5 million, the troubled San Francisco-based social gaming giant Zynga has announced plans to cut staff numbers. The company says the cuts will save around $45 million a year and affect around 18 percent …
The Caesars Interactive Entertainment online subsidiary of Caesars Entertainment Corporation proved to be the star of the group’s diluted first quarter show this week, posting a stellar performance in social, mobile and online gambling operations. CIE achieved adjusted earnings of $62.6 million, a rise of 101.3 percent, whilst operating income boomed 666 percent to $40.6 …
The latest UK Gambling Commission Q1-2015 prevalence study indicates that participation in gambling has eased, falling 5 percentage points to 51 percent y-o-y, according to survey respondents asked whether they had gambled online in the last four weeks. The prevalence study is a regularly assessed and published yardstick of the gambling activity of British punters. …
In a wide-ranging interview on PBS Nevada television program “Ralston Reports”, billionaire land casino tycoon Steve Wynn talked about the Macau decline, his business ambitions and online gambling legalisation, along with healthcare and tax issues. In a brief comment Wynn, who at one time held talks on internet poker with Pokerstars (see previous reports) but …
Two examples of statements framed for a controversial Harper Polling survey on the acceptability of online gambling to 513 Pennsylvanians recently show how views can be skewed by the way in which pollsters frame their questions. It worked for Harpers, which was commissioned to carry out the survey by the Coalition to Stop Internet Gambling …
Online games developer NextGen’s latest game is Bingo Billions, an online slot with a bingo ball theme and rather monotonous sound track has been released. The game is a 5 reel, 25 pay-line slot with a pretty standard range of features that includes Scatters, re-triggering Free Spins, Multipliers and Bonus rounds.
Silver Goose 8, the Philippines gambling products developer and supplier which counts PAGCOR among its clients, has announced that it is currently acquiring operating gaming outlets in order to provide electronic casino games to the Philippines community. Silver Goose 8 products include online Casino, Sports, Binary Options, Keno and multi-player Poker, along with a portfolio …
Online gambling software provider Net Entertainment has previewed a new online slot titled Neon Staxx, a game with a retro styled theme that takes players back to 80’s with neon colours, predatory animal icons, cool vibes and a funky synthesizer soundtrack. The new game comes on a 5-reel 4-row platform with Free Spins, Scatter symbols, …
Peter Erskine, the chairman of the Ladbrokes online and land gambling group for the past six years, has announced his intention to step down this year, and will assist the company in finding a successor and ensuring an efficient transfer of authority. A search for his replacement is already underway, led by John Kelly, a …
A dedicated casino tab on the PokerStars.it website now offers real-money and play-for-fun casino games for the Italian market. PokerStars said multi-player social experiences will be at the forefront of the games on offer, with players able to play, chat and interact with other players. Casino games have a single-wallet integration allowing customers to play …