Ahead of an investor and analyst presentation later today (Monday), Betfair has revealed a 22 percent increase in Q2 revenue to GBP 119 million driven by strong growth in active customers and favourable sporting results. Taking into consideration unusually high gross win margins, Betfair still turned in a 13 percent increase in second quarter revenues, …
Camelot, the operator of Britain’s National Lottery, reports a 2014 boost in profits despite declining ticket sales and charitable contributions. The company’s accounts posted over the weekend reveal that its profits before income tax for the year up to March stood at GBP 76.8 million, up from GBP 72.2 million for last year. Reduced admin …
British retail betting shop operators are expected to announce today (Monday) new restrictions on Fixed Odds Betting Terminal wagering which will require punters to impose time or bet limits on themselves. Those who fail to do so will be forced by shop staff to take a break when they have been playing for 30 minutes …
One of the ironies of state regulatory autonomy vs. federal interference in the United States is that sports betting prohibited by federal legislation in one state can be indulged a relatively short distance away in another…and that’s the case with Delaware and its much larger neighbour New Jersey. New Jersey is struggling to introduce legal …
The Wetherby racecourse in the UK is to benefit from another three years of sponsorship for its Charlie Hall Chase following the extension of a prior agreement by online casino operator Bet365. The Charlie Hall Chase has been sponsored by bet365 since 2003 and managing director Steve Ibberson said: “We are very pleased to continue …
Investigations by the San Jose, California media into the high incidence of state lottery wins by retail ticket selling store owners could trigger an official enquiry. Among the instances under the media spotlight are: * Dolce Espresso in San Jose has reported 212 winning tickets worth $600 or more in the past decade. The luckiest …
The ever-combative New Jersey state senator, Ray Lesniak has called on federal judge Michael Shipp to step down from hearing litigation between New Jersey and the national sports leagues on intrastate sports betting (see previous reports). Judge Shipp has repeatedly ruled against the state in its legal actions to overturn the restrictive Professional and Amateur …
https://www.youtube.com/watch?v=-G78MzU3CFY&feature=youtu.be Online slot fans can look forward to the return of Microgaming’s popular cartoon-style character Max Damage on November 5 when the Isle of Man online gambling software provider launches its second game themed on the intergalactic hero’s exploits. Max Damage first entered the online gaming space in September 2012 with Max Damage and the …
The Italian company Hub Games has inked a deal to distribute Vermantia virtual sports game content to the Italian market through mobile outlets and online portals Betpro.it and Gamelux.it, with more to follow. The content will initially include football, greyhound racing and horse racing, with cycling and motor racing to follow in the near future.
The renewed nationwide blitz on internet gambling announced earlier this week by the national government (see previous report) appears to be gathering momentum across the provinces. On Friday acting police chief Datuk A. Paramasivam in the Perak region announced that 835 people have been arrested this year in 2,847 raids conducted under Op Cantas Khas …
Bally Technologies, the US gambling supply and content company that is about to be acquired by Scientific Games, reported a 23 percent decline in net income to $28.8 million in its fiscal Q1-2015 reportage this week (Q1-2014: $37.8 million). The decline came despite record revenues of $320.8 in the quarter ended September 30, a 29 …
The release by Scientific Games this week of its Q3-2014 results (see earlier bulletin) gave industry observers a glimpse of the costs of the failed joint venture Northstar which the company entered into with GTech to run the Illinois State Lottery. State governor Pat Quinn axed the project last summer, using the failure of the …
Playtech-powered Titanbet.co.uk has agreed to sponsor its first National Hunt meeting at Kempton Park racecourse in the UK, as it continues its expansion in the British market. The online sportsbook has taken over the card at the Sunbury-on-Thames course for an afternoon of racing on Monday November 3. The deal includes an additional Twilight meeting …
Both Bejeweled and slot fans will be attracted to BetSoft Gaming’s new 3D online slot, a five reel, 10 pay-line aesthetically appealing game they have titled Mega Gems. Brilliantly coloured gemstones against a smoothly futuristic backdrop set the theme on the game, in which the lines pay both ways. A polychrome Wild icon can appear …
Whilst most US national sports leagues appear to have their heads buried firmly in the sand when it comes to recognising the public appeal of online gambling and sports betting outside the restrictive Professional and Amateur Sports Protection Act, one executive stands out as a realist….Adam Silver of the National Basketball Association. Silver is known …
The Sandown Park Racecourse will benefit significantly from a three-year extension to the sponsorship agreement that it enjoys with the UK online gambling group bet365. In an announcement this week, bet365 revealed that it has extended the existing agreement to sponsor an annual two-day horseracing meet held at the track in the closing days of …
State Lottery officials in Delaware have released disappointing statistics on the state’s online gambling activity in the month of September 2014, reporting that total revenue for the three operators Delaware Park, Dover Down and Harrington was only $145,022. The figure is the lowest since December 2013, when online gambling had just been launched the month …
Rutgers University has announced the start of a three-year intensive research study on the impact in New Jersey of online gambling and ancillary problems, reports the publication NJ.com. University spokesmen said the study will evaluate how Internet gambling particularly affects problematic or addictive behaviours. “New Jersey is one of only US three states where Internet …
Retired Merrill Lynch banker Patrick Coppeard (49) took advantage of 62 parishioners at his church to con around GBP 5 million from them – funds he mainly spent on internet gambling sites belonging to companies like bet365, Ladbrokes and Coral. And according to a report in the Daily Mail, he displayed a carefree attitude when …
Reduced competition following land casino closures in Atlantic City may be a factor in the increased revenues posted this week by Boyd Gaming for its Borgata interests. The Borgata’s revenue increased by nearly 5 percent to $209.9 million in the third quarter, increasing its share of Atlantic City’s gambling market to 24 percent. $6.1 million …
Struggling with a falling share price due to bank delays on the $5,1 billion in funds necessary for its acquisition of Bally Technologies (see previous report), Scientific Games further disappointed shareholders in reporting a net loss in Q3-2014 this week. Although revenues increased higher than forecasted, the company reported a wider net loss as acquisition …
The Malaysian Communications and Multimedia Commission (MCMC) has traced 172 illegal online gambling websites in the country, which it says it is intent of shutting down as part of a broader government drive against internet gambling. Deputy Minister of Communications and Multimedia Datuk Jailani Johari said this week that his ministry would join other ministries, …
The marketing publication Brand Republic reports this week on the UK Advertising Standards Authority’s recent review, which showed that the advertising watchdog handled 398 complaints about gambling adverts last year. And surprisingly it was not the religious objections to the Christ the Redeemer publicity exploits during the World Cup football that attracted the most opprobrium, …
Inspired Gaming has been chosen as a cirtual sports supplier by Intralot Italia – the eighth operator to select this product range, which includes football, horse-racing, tennis and cycling titles. “Inspired has seen phenomenal growth in the Italian market over the last year,” said Vitaliano Casalone, president of Italian operations for Inspired Italia Group this …