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NYX Gaming Group, in its first quarter report for the period ending March 31, 2017, delivered with revenues soaring almost 200 percent which it attributes to a number of factors including the results of operations from OpenBet and Betdigital, increased gaming revenues from existing customers, and new customer launches. First Quarter 2017 Highlights include: Revenue …
Justice Isaac Lenaola of the Kenya High Court has laid down administrative guidelines for gambling regulators after adjudicating on an issue regarding the Nairobi County’s taxation on betting companies. In his judgement, Justice Lenaola suspended the County’s betting, lotteries and gaming Act for 60 days pending gazetting. And if that does not occur within the …
An interesting report from Bloomberg highlights a shift in high roller behavior following the Chinese Government’s clamp down on junket operators and proxy betting in neighboring Macau. Bloomberg observes 85 percent in VIP revenues are now gleaned through betting by proxy in the Philippine casino VIP rooms, mainly conducted through junket operators. A form of …
B2B gaming solution and services provider Nektan has entered into an agreement with High 5 Games (H5G) under which it will exclusively distribute the developer’s real money gaming content in Europe and assume responsibility for the management of H5G’s technology and games. The deal also provides Nektan the rights to port H5G’s existing flash games …
A trial date has been set for former chief executive officer and president of Amaya Inc. David Baazov to appear before a Canadian High Court on November 20, 2017. Slated as the largest insider trading investigation in Canadian history, the Autorité des marchés financiers (AMF) said during a hearing Tuesday, it expects to call around …
The month of February 2017 has seen a continuation in the improved revenues flowing from gambling operations on Macau, with the latest numbers from the regulator published Wednesday revealing that revenue hit a two-year high by the end of the month, underlining the steady recovery from a three-year drought created by an economic slowdown in …
Yggdrasil Gaming delivered an impressive performance in its fourth quarter and full year report 2016 this week saying the foundations have been laid to build a sustainable, world class gaming supply that will continue to push the industry forward. Key performance highlights for the full year 2016, include: – A 332 percent increase in revenue …
Australian land casino operators are taking a far more cautious approach to attracting Chinese high rollers following the arrests of 15 Crown Resorts Chinese employees and three visiting Aussie execs last year and their continued incarceration (see previous reports), but the Chinese clampdown on big spenders is in any case impacting business. This week the …
Kindred Group (formerly Unibet Group) has announced the launch of a new online casino brand focused on Norwegian and Swedish high rollers. Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month. The brand will, for the first time, introduce third party affordability assessments …
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports. The positive outlook comes from the new chairman of the Community, Economic and Recreational Development Committee in the Senate, Senator …
Mile High Racing and Entertainment (MHRE) announced Tuesday that the Colorado Racing Commission has approved its daily fantasy sports activity allowing MHRE to offer fantasy sports contests in nine Colorado locations. Operating as Mile High Fantasy Sports, the contests will include professional football, basketball, hockey, baseball and other daily fantasy sports (DFS) contests. Las Vegas …
The popular theme of the good life enjoyed by the rich and famous is about to surface again in an upcoming Microgaming slot. The company released a preview of its “Life of Riches” slot Friday, a 5 reel, 30 selectable pay-lines game with a theme featuring luxury cars, expensive yachts, private jets and a liberal …
Las Vegas-headquartered NYX Gaming Group (NYX) delivered impressive third quarter results driven by organic growth across all verticals and the firm enjoying the fruits of its M&A strategy. Key performance highlights for the three months ending September 30, 2016 include: – Revenue of C$54.4 million (Q3/2015: C$13.23 million), an impressive increase of 308.9 percent. – …
The Association of Online Gambling Operators, a trade association representing the interests of European Union operators active in Sweden, has commissioned an independent research company to confirm the obvious to Swedish politicians – set the tax rate in a liberalised Swedish market too high and there will be fewer operators interested in licensing, leading to …
Brazilian media reports this week have triggered hopes for online gambling legalisation in the vast South American nation, with the expectation that within the next week the national House will see a new gaming reform bill (PL442/1991) featuring the genre, although it may take some time to pass. A Senate committee in April passed legislation …
Alea-owned SlotsMillion has integrated a further seven titles from QuickSpin comprising Wild Chase, Genies Touch, Crystal Queen, The Epic Journey, Sevens High, Hidden Valley and Razortooth. “We’re extremely happy to be providing more games to SlotsMillion, an operator that thrives on creating a fully immersive casino experience for its players,” remarked Daniel Lindberg, chief executive …
Mobile gaming developer Gaming Realms plc delivered strong full year 2015 results and reports continued upward momentum during its first quarter of 2016. Key performance highlights for the full year ending December 31, 2015 include: – Revenue up 116 percent to GBP 21.2 million (FY/2014: GBP 9.8 million, 15m/2014: GBP 11.2 million). – Real money …
The Busan Police Agency in South Korea announced Thursday that it has shut down a high school hacking ring that targeted online gambling websites. The Korean newspaper JoonGang Daily reports that the six high school students used captive ‘zombie’ computers, (machines that have been compromised by hackers to function as platforms for malicious activity), in …
B2B sports betting provider Kambi Group plc delivered record full year results in its audited final 2015 financial report Monday. Key performance highlights for the 12 month period ending December 31, 2015 include: – Total revenue of Euro 47.7 million (2014: Euro 36 million), an increase of 32 percent year-on-year. – EBITDA of Euro 13.6 …
Boston-based daily fantasy sports operator DraftKings has begun securing sponsorships relevant to the UK market as it anticipates the imminent launch of operations in the country. High profile Premier League football clubs Watford, Arsenal and Liverpool have succumbed to DraftKings’ persuasive offer, the cost of which has not been disclosed. Under the terms of the …
The Greek betting firm OPAP has filed a petition with the Council of State seeking to annul and suspend a new tax on its games, the company said in a statement Wednesday. Greece’s Finance Ministry announced a decision last year to levy a tax of Euro 0.05 per column on all of OPAP’s games in …
The Bede Gaming platform has gone live with a European flash and mobile games portfolio from High 5 Games. The initial content release on over twenty Bede-powered sites will be followed by four additional games this week and further launches until all twenty High 5 Games titles are rolled out. Bede Gaming is a strategic …
Software developer High 5 Games (H5G) has partnered Carnival Corporation & PLC for the provision of a range of content through its VAULT remote gaming server. H5G content will initially be available on a selection of Carnival’s 100 cruise ships with the possibility of expanding to additional ships over the next couple of years, a …
Software developer High 5 Games has received a Category 2 Associate certificate from the Alderney gaming authority. This certificate will extend High 5 Games’ licensing coverage within the EU, allowing the company to expand its sales activities to target regulated European gaming operators with a particular focus on Alderney-licensed operators, a company statement said Wednesday. …