During the first quarter of 2014, the Mr Green Casino company continued to grow substantially, both in terms of sales and earnings, according to its Q1-2014 posting Friday. Management claims that the enterprise significantly outperformed the market, resulting in the company continuing to capture market share. The online casino group’s total revenue amounted to SEK …
Spurred on by complaints from microlenders and pawn shops who see as much as 40 percent erosion of their business through luckless gamblers resorting to bank cards rather than selling property to cover land gambling debts, the Chinese government has embarked on a crackdown at UnionPay, the only legal domestic bank-card organisation available to Chinese …
Land casino mogul Sheldon Adelson took his jihad against US online gambling to Bloomberg’s business TV channels this week in an interview with Betty Liu which showed either a deliberate or ill-informed disregard for the facts. We thought the ninth wealthiest man in America came over as somewhat overbearing and even arrogant, bolstered by a …
The Q1-2014 results for Scientific Games Corporation, which recently acquired WMS, make for rather depressing reading on the numbers side, showing an $11.1 million positive in Q1-2013 reduced to a $12.7 million loss in operating costs in the first quarter of this year. The company posted an overall net loss for the first quarter 2014 …
The overall Q1-2014 group results for US gambling giant Caesars Entertainment may have been less than stellar, but the company’s Caesars Interactive Entertainment division led by Mitch Garber turned in a creditable performance, boosting net revenues by almost 50 percent year-on-year to $124.2 million. Growth in social and mobile operations, along with the $90 million …
Milpitas police in the San Francisco Bay area teamed up with the state Department of Justice Wednesday to bust an internet sweepstakes cafe allegedly providing online casino gambling. Officers executed a search warrant for illegal online gambling at Net Connection, taking away over 50 desktop computers and other evidence. “There’s just various criminal activity that …
The Southern Gaming Summit in Biloxi, Mississippi wound down this week with one theme standing out – the need to attract a younger demographic to gambling…and some opined that presentation, technology and online gambling may be the way to do it. Slot machines designed to appeal to the baby boomers, who comprise the majority of …
Football fans on Skybet in the UK will see the company’s first live streamed football matches Thursday evening when the Simplestream-powered service kicks off by delivering League 1 and 2 matches to their screens. Multi-platform live streaming and catch-up TV service provider Simplestream has been chosen to support the streaming of all of the Sky …
Yet another contradictory US poll on legalised online gambling surfaced this week, with the latest Fairleigh Dickinson University PublicMind survey claiming that only 27 percent of respondents support the legalisation of online gambling in the 47 states that have not already legalised. Reporting on the poll, the Associated Press news agency notes that although only …
Aided by Inspired Gaming, the Slovenia state sports lottery (Športna Loterija) has launched its virtual sports betting online site well ahead of the Brazil-hosted FIFA World Cup football championships in June this year. Inspired has provided the sports lottery’s website, e-stave, with seven sports – horses, greyhounds, football, motor racing, speedway, tennis and cycling – …
The UK digital sports media group Perform has released its Q1-2014 numbers showing revenues soared 32 percent, thanks mainly to strong performances from the Opta and Watch&Bet subsidiaries. First quarter revenues reached GBP 59.6 million (Q1-2013 GBP 43 million) positioning the group strongly for the upcoming World Cup football in Brazil mid-2014. Joint CEO Simon …
Pennsylvania state Senator Kim Ward, who chairs the Senate Community, Economic and Recreational Development Committee, appears to have found positive content in the recent Econsult report on the potential for legalised online gambling, and plans to hold a hearing in her committee to discuss the study – probably early in June. Ward said Wednesday that …
The UK Gambling Commission’s latest gambling participation review conducted by ICM Research over the four quarters ended 31 March 2014 shows that online wagering actually declined year-on-year by a percentage point. The main gambling channel for Brits remained the National Lottery (41 percent of respondents), although there has been a y-o-y 3 percent decrease in …
The Baltic state of Lithuania will have to wait until August 7 to discover whether the European Commission has approved its online gambling regulations, which have prompted questions regarding certain elements that raise compliance issues with EU principles. These elements mimic regulations implemented by other EU nations – Belgium for one – which the EC …
US-based app developer PBJ Games has announced the launch of its Dollar Candy gaming app in HTML 5 format as it seeks to enter the skill gaming sector legal across many US states. The app makes 60-second skill games for real money accessible across major mobile and tablet devices. The skill games sector in the …
Oahu restaurant owner Thomas Ky (47) was sentenced to six months in jail Wednesday on a money laundering charge involving $1.3 million, allegedly from an unidentified but illegal online gambling enterprise. Exactly how Ky committed the offence is unclear – court documents show only that he became involved when he assisted former employees embroiled in …
The international online betting firm Unibet has fired the Leo Burnett advertising agency in Sydney to drive its marketing efforts in the highly competitive Australian gambling market, where the company faces formidable rivals like Ladbrokes, Paddy Power and William Hill. Patrik Andersson, general manager of Unibet Australia, told the publication AdNews that the Australian betting …
The Sun Herald newspaper reports that Tilman Fertitta from the family that operates Station Casinos and The Golden Nugget, is less than optimistic on the immediate commercial promise of online gambling. Addressing the Southern Gaming Summit Wednesday, Fertitta revealed that his company is losing $6 million to $7 million a year on Internet gambling in …
In his crusade against online gambling, multi-billionaire land casino mogul Sheldon Adelson is deploying a state-level political network he has been quietly developing over the past few years through extensive political donations, according to a report Wednesday in the Washington Post. In addition to the widely known $90 million he poured into Republican Party and …
The much-anticipated independent report on gambling in Pennsylvania was presented to state lawmakers Wednesday by Econsult, the specialist company engaged to conduct the review….and its findings are likely to give the argument for legalised online gambling in the state a boost. Econsult found that licensed and regulated internet gambling, possibly through the state’s existing licensed …
NEW SLOT FROM RIVAL Classic slot set to a French food theme Rival Gaming’s latest offering is a classic 3-reel, 1-payline slot titled “Red, White & Bleu”. The French food-themed game features BAR, 7’s, red and white grapes, blue cheese and French flag icons with a max bet jackpot award of 50 000 coins.
GTECH S.p.A. subsidiary Gtech Global Services Corporation has been awarded a 10-year online gaming system, terminals and integration contract to provide end-to-end services for the National Lottery of Belgium (NLB) following a competitive procurement process. Gtech will provide the NLB with secure gaming technology, performance driven services, and an integrated business environment. “This award is …
A report commissioned by the Pennsylvania General Assembly Joint Budget and Finance Committee in December 2013 was released this week identifying iGaming as the biggest potential source of revenue for the State. The findings forecast that iGaming could yield $184 million in the first year and $307 million the next with direct tax revenues estimated …
Betfair Head of Mobile Sylvie McDermott has been named product management director, a newly created position reporting to recently appointed chief operating officer Mark Brooker. McDermott will lead operations across all Betfair products, from maintenance to delivery, the first of which will be streamlining Betfair’s mobile portfolio.