Today’s news that online gambling group 888 Holdings plc has been fined GBP 7.8 million for flaws in its responsible gambling and self-excluding systems (see earlier report) have counter-intuitively resulted in the company’s shares surging upward by almost 6 percent in morning trading. Industry observers note that the fact that 888 evaded having its licence …
Intralot management has characterised the first half results of the company as a turning point in their report on the year to June 30 2017, highlighting revenues up 15.1 percent at Euro 733.2 million, and gross profit up 6.5 percent year-on-year at Euro 127 million. EBITDA came in at Euro 92.2 million – a 2.6 …
Daily fantasy sports provider Sportito had augmented its UK gambling licence with one from the Malta Gaming Authority as it seeks to expand its European footprint. The company has ambitions in the German market, where it intends to tap into a significant DFS fan base. Since achieving UK licensing in 2016, Sportito.co.uk has seen a …
Eastern Europe-facing online and land gambling firm Fortuna Entertainment has reported a half year of robust revenue growth in both sports betting and gaming divisions, highlighting: * Group revenues up 40.9 percent y-o-y at Euro 720 million; * Gross win up 20 percent at Euro 100 million; * Net profits od Euro 2.5 million; * …
New Jersey’s appeal to the US Supreme Court for the right to decide on its own sports betting laws rather than be bound by the federal Professional and Amateur Sports Protection Act (see previous reports) has received support from the Competitive Enterprise Institute, the Pacific Legal Foundation, Cato Institute, and the Wisconsin Institute for Law …
Breaking away from the football club sponsorship trend this week, Asian-facing sports betting operator 12BET announced a sponsorship agreement with Table Tennis England and the International Table Tennis Federation (ITTF) for exposure during the ITTF Team World Cup 2018. 12BET has been named official betting and gaming partner for the big event, which takes place …
Online gambling operator 888 Holdings plc issued a stock exchange statement Thursday advising that the UK Gambling Commission’s licence review commenced mid-May this year has been concluded with a “voluntary regulatory settlement” with the Commission and an expression of regret by 888 for the “historic failings highlighted by the review.” A statement from the UK …
Online and land gambling group Ladbrokes Coral has posted its H1-2017 results, showcasing good growth in the online division, where digital revenues rose 17 percent year-on-year to GBP 374.5 million. The company reported an overall rise in H1 operating profit of 7 percent to GBP 158.8 million, thanks largely to a strong online performance as …
Alternative betting exchange provider SpiffX has continued its penetration of the African sports betting market following a content supply agreement with Intelligent Gaming of South Africa, which owns the successful pan-African Supabets chain. SpiffX CEO Lennart Gillberg said in a statement announcing the agreement that the Supabet deal represented a step forward for his company …
Juan Hidalgo, the head of the Colombia gambling regulator Coljuegos, is focused on excluding unlicensed operators from the country’s recently legalised, regulated and licensed online gambling industry, and in a Finance Ministry briefing this week outlined the measures that are being deployed. The regulator has already implemented a blacklist and has started trying to set …
The Nevada Gaming Control Board issued its July 2017 numbers Wednesday, reporting that casino revenues rose 1.7 percent year-on-year to $998 million despite a weaker performance on the Las Vegas Strip, where revenues dipped almost 8 percent to $565.6 million. Fortunately the other Nevada gambling assets performed well in a traditionally rather quiet month. Overall, …
The Casumo online casino reports that it has just awarded a GBP 2.7 million progressive jackpot to a sixty-year-old UK player identified only as Susan. Normally a bingo player, retiree Susan switched to NetEnt’s Mega Fortune Dreams slot for a change… and changed her life with the big win. When she played the progressive slot, …
After several months of social media tease campaigning the experienced Australian team behind Primedice has launched Stake.com, a new Bitcoin denominated online casino with an adventure-based theme that has apparently been in development for the past two years. Stake.com’s games have all been designed and developed in-house, according to Primedice. The software has not been …
Online and land gambling group Ladbrokes Coral has announced that from 2018 the group will pay a voluntary levy to greyhound racing based on relevant offshore turnover. The levy will go to the industry through the British Greyhound Racing Fund or via the appropriate funding body as advised by Lord Lipsey’s review into the sport, …
The Mansion online and land gambling group has become the first shirt sleeve sponsor for football club Bournemouth; the agreement includes both Mansion and group brand Casino.com on the EPL team’s home and away shirts respectively. Bournemouth and Mansion have enjoyed a good relationship in a main sponsor relationship for the past two years in …
The French fantasy sports company Mon Petit Gazon (MPG) has confirmed that it has signed a partnership deal with the French Ligue 1 football league which enables football fans to use MPG online facilities to compete against others in constructing fantasy teams this season. Prizes in the form of tickets to Ligue matches, footballs and …
Online gambling games developer and Novomatic subsidiary Greentube is putting the finishing touches to its next online slot release, a Greek mythology themed game titled Apollo God of the Sun which is due for general release on September 18. The game has two-reel sets with 25 pay-lines on the regular reel and 75 on the …
Big Time Gaming has announced the addition to its Megaways portfolio of a new online slot with 16,000 ways-to-win, titled White Rabbit. The theme is based on the Alice in Wonderland story written by Lewis Carrol and popular down the decades, and is replete with a cast of familiar characters across the reels. The multi-featured …
Ainsworth Game Technology Limited’s full year results to end June 2017 were released this week, showing a 32 percent year-on-year drop in profits which Management blamed on a weak first half performance, but noted that recovery was experienced in the second half. Profit after tax for the full year was A$37.9 million, a decline from …
Massachusetts lawmakers have for years been dithering and debating over the legalisation of online lottery and gambling activity, frustrating repeated attempts to get legalisation through the Legislature, and the news that neighbouring New Hampshire may be starting moves in this direction should be a wake-up call for Massachusetts politicians. This is the warning that lottery …
The Japanese government has confirmed that it is considering anti-problem gambling measures that include the limitation of online betting on horse, powerboat, bicycle and motorcycle racing and the reduction in ATMs at such event venues. A reduction of pachinko jackpots is also being examined. A 2014 study by the Ministry of Health reported that problem …
The vast Turner Media group in the USA (it includes US sports channels NBA TV, Turner Sports and Nascar TV, along with the CNN, TNT and TCM networks) is targeting the younger demographic in the millennial age group with plans for a new sports digital streaming service that has yet to be detailed, but will …
The UK problem gambling charity Gamble Aware has published the results of a study which it says may assist online gambling operators in identifying and better protecting ‘at risk’ players. PwC carried out the study, which included access to data from 10,000 online player accounts with the cooperation of major online gambling firms. The study …
Online sports betting and casno group MyBet Holdings continued to battle in H1-2017, but received a welcome boost in the form of a Euro 11.8 million German High Court award from its long-running litigation against Westdeutsche Lotterie, which was successfully concluded in May this year. That enabled the operator to offset weak betting results and …