Italian operator SNAI reported a mixed performance in terms of its nine months to September 30, 2014 period saying strong results from VLTs and the introduction of virtual sports betting partially offset a decrease in revenues from horse race betting. Key financial highlights for the first nine months of the year ending September 30, 2014 …
Canadian software developer Contagious Gaming Inc. (CGI) has agreed an extension to its third-party development contract with Zynga Inc until June 2015. CGI carries a portfolio of in-house developed social, real money and lottery gaming content while also focusing on the deployment of its lottery-style sports betting platform in the UK and its proprietary digital …
Touchstone, founded in 2008, develops land based skill games, slots, table games and virtual horse racing and its newly-signed collaboration with Odobo will now enable the studio to expand its titles to the online gaming sector. Odobo’s Developer program provides developers HTML5 tools and services optimising game titles for play across mobile, tablet and desktop …
Betradar will integrate its Virtual Football product in German lottery operator Lotterie-Treuhandgesellschaft mbH Hessen’s (Lotto Hessen) betting offer. The deal marks the first German State lottery to integrate Betradar’s Virtual Football product in an effort to attract new customer groups and younger players in an increasingly competitive market. “Betradar’s impressive suite of entertaining and profitable …
Playtech will deploy Ainsworth Game Technology’s (AGT) popular game titles across its desktop, mobile and tablet platforms for regulated UK and European online licensees following a recent online content licensing deal. “Playtech is a renowned industry leader online and we very excited in partnering with them to expand our market leading land based slot content …
The Irish founder of the online and retail betting group Boylesports, John Boyle, gave some interesting insights into his plans for the future in an interview with the Irish Independent this week, saying that he felt the company had reached peak expansion in Ireland and therefore needed to expand into the United Kingdom. In addition …
A new study of the Australian gambling market by IBISWorld shows that online gambling may be impacting the growth rate of traditional betting on sports and racing. Revenue growth in Australia’s horse and retail sports betting industry in the five years through to 2014-2015 has been at a compound average annual rate of 2 percent, …
Faced with massive enforcement drives over the past two weeks, illegal online gambling operators in Malaysia have been forced to practically demonstrate the principle that for every action there is a reaction. Last week police officers reported a noticeable rise in the use of mobile devices such as tablets to avoid being tied to physical …
The introduction of legalised online gambling in the Netherlands next year (see previous reports) surfaced in the media again this week when the land gambling trade body, VAN Speelautomaten voiced its concerns about the increased competition and differentiated tax rate. The Association claims that the introduction of online gambling will lead to major cutbacks in …
A police bust in Ho Chi Minh City, Vietnam that broke up a large illegal football sports betting ring last month (see previous reports) had a sequel this week when 14 South Koreans involved in the ring were deported. Prior to leaving Vietnam the deportees paid fines of between $470 and $940 for operating an …
The initial runaway success of New York Stock Exchange-listed Chinese sports lottery provider 500.com appears to be slowing amid uncertainty around its legality vis-a-vis the Chinese authorities, and claims that its financial operational practices are not on a par with those in the United States. Earlier this year, Chinese media reported that China’s Sports Lottery …
The latest Q3-2014 results from the Swedish online casino operator Mr Green AB show that the company’s strategy to widen its penetration in Europe has resulted in less dependence on the Nordic market. During the first nine months of 2014 to end September, Mr Green continued to grow substantially, both in terms of sales and …
The Gala Coral Group has announced that it is merging its two online divisions, Gala Interactive and Coral Interactive, under a single management team. The combined business will also work more closely with the Coral retail division in order to take advantage of continued multi-channel growth, a statement from the group advises. The changes have …
The row over the questionable tactics used by FBI agents to gain entry to the luxury accommodations at Caesars Palace used by high stakes poker player Paul Phua and associates (see previous reports) took an interesting turn in a Las Vegas courtroom this week. It has been alleged that FBI agents intent on investigating illegal …
Jonas Odman, the former Bodog and Ongame online poker exec widely acknowledged as one of the pioneers of the recreational – anonymous player business model now well-established in the industry, is set to compete in the hopefully emerging legalised Californian online poker market with a new company branded Brown Marlin Gaming Technologies. Reporting on the …
International Game Technology has posted what will be its last FY report before being acquired by GTech (see previous reports), with total revenues declining but the interactive division maintaining growth. Fiscal 2014 results (compared to last year) show: * Total revenue fell 12 percent to $2.1 billion due to declines in product sales and gaming …
Czech betting company Fortuna Entertainment Group has posted a 21 percent rise in core profit in the first nine months of 2014, boosted by growing online betting, prompting it to raise its full-year outlook. The Reuters news agency reports that EBITDA was Euro 22 million, and the company now expects full-year EBITDA growth of 10 …
A new player at Miami Club online casino had a night most slot players only dream about shortly after he registered with the WGS-powered operation this week. CharlieM from North Carolina had only just opened his account when he began a remarkable winning streak that earned him a total of $125,000 overnight. Switching through the …
Sportech plc confirmed Thursday confirms that it intends to submit to the Court of Appeal an Application for Permission to Appeal, and Notice of Appeal, in relation to the VAT repayment claim on the “Spot the Ball” game (see previous reports). The company has until 2nd December 2014 to do so following its defeat in …
GTech has secured financing to the value of $2.6 billion through agreements with twenty international banks, allowing it to forge ahead with its International Game Technology acquisition (see previous reports). Geographically, the financing has come from banks in Europe (the lion’s share at 46 percent); 21 percent from Italy; 21 percent from the United States; …
Marketing flaws which saw Caesars Interactive Entertainment – the online division of Caesars Entertainment – allegedly soliciting over 250 self-excluded gamblers to its New Jersey online sites have resulted in a fine of $10,000 imposed on the company by the New Jersey Division of Gaming Enforcement. DGE spokesperson Kerry Langan told the Reuters news agency …
The publicly listed Swedish gambling group Cherry AB has posted its quarterly and 9 month interims to September 30, flagging increased revenues and a reduction in its losses, but heavy expenses due to big player wins and energetic marketing. Q3-2014 highlights include: * New turnover records across all business areas; * Group revenue up by …
The extensive publicity flowing from the nationwide crackdown on illegal online gambling in Malaysia (see previous reports) has prompted online gambling software provider Playtech plc to issue a statement on its share price. The statement notes the recent movement in the company’s share price following “…speculation in relation to developments in the Malaysian market”, and …
The suspended chair of the South African National Gambling Board, Linda de Vries, has shrugged off claims of high level corruption, maladministration, wasteful expenditure, intimidation and the destruction of evidence which resulted in the Minister for Trade and Industry suspending the entire board almost two months ago and ordering a full forensic investigation (see previous …