International Game Technology (IGT) attributes an “unusually high comparison base,” record jackpot activity and a poor performance from social business DoubleDown for lack lustre first quarter results. The company reported a net loss of $55 million, adjusted Net income of $59 million, adjusted EBITDA of $371 million – down 19 percent; but reduced net debt …
Aristocrat Leisure is flying high on the back of impressive first half-year results for the period ending March 31, 2017. Net profit after tax and before amortisation of acquired intangibles for the half year was A$272.9 million, representing growth of 49 percent (H1/2016: A$183.2 million). Revenue rose 21.6 percent to A$1.2 billion, while EBITDA increased …
The European Parliament has published an information advisory on The General Data Protection Regulation (GDPR) which comes into effect from May 2018. The GDPR aims to protect all EU citizens from privacy and data breaches in an increasingly data-driven, ever changing world. All companies operating within the European Union will be required to adopt the …
The UK Gambling Commission (UKGC) has released its bi-annual industry statics for the period October 2015 to September 2016. Headline findings identified by the UKGC include: – GBP 13.8 billion total gross gambling yield (GGY) of the Great Britain gambling industry – GBP 4.5 billion total GGY for the remote sector – Remote sector accounts …
Online gaming software supplier Bede Gaming has been awarded ISO 27001 certification by the International Standards Organization (ISO) referencing secure platform provision for operators in global regulated markets. ISO 27001, which is the international standard for information security, was awarded to Bede Gaming following a comprehensive and complete audit in which its platform met ISO’s …
In an industry update Thursday, Fortuna Entertainment Group N.V. (FEG) confirmed the successful execution of its acquisition of Hattrick Sports Group Ltd (Hattrick) after receiving approvals from regulatory authorities and shareholders. FEG has taken ownership of Romanian betting operator, Casa Pariurilor and Croatian operator, PSK, along with Hattrick’s joint venture partnership in Luckia.es. In related …
Sportbetting and gaming group GVC Holdings delivered a strong performance in a first quarter update published Thursday. Key performance highlights for the 12 week period ending March 31, 2017, include: – Sports Brands gross win margin was 9.6 percent (Q1/2016: 8.5 percent) – Sports Brands total net gaming revenue up 16 percent to Euro 1.9 …
Nigeria-focused sports betting operator, Surebet 247, will take a portfolio of virtual gaming products from Betradar live in the market. Betradar’s Virtual Football products will initially go live in over 4,000 Surebet247 retail stores. Other new initiatives will follow the launch, the company’s said. “Betradar has been able to deliver the product to suit the …
Kenyan members of parliament (MP) have rejected the prohibitive 50 percent tax rate on betting companies proposed by the National Assembly’s Finance Committee (see previous reports) last month. “The rate is punitive enough to discourage such activities,” a committee report reads, which was apparently compiled from input received by stakeholders. MP’s have recommended the rate …
British businessman and bookmaker Victor Chandler has announced “He’s back! After a three-year hiatus” with the upcoming launch of an East African-focused sports betting and gaming brand, Bet Lion. Chandler has partnered sportsbook and platform provider FSB Tech for the development and launch of the offer based on the company’s experience in the African market …
Gaming solutions and operations firm, INTRALOT, hailed strong first quarter results driven by its focus on key markets and diversification in products and services. Key performance indicators for the 12 week period ending March 31, 2017 include a 20 percent increase in consolidated revenues amounting to Euro 368 million, Euro 6.8 billion of worldwide wagers …
Latin American online gaming operator Mundi Fortuna has entered into a platform deal with AutoGameSYS (AGS). The full service offer from MundiFortuna.com will join a growing stable of partners on the AutoGameSYS platform providing content for the regulated Latam region. “MundiFortuna.com has an outstanding online offering for the Latam region and we’re proud to be …
Pennsylvania’s HB 271 has progressed quickly this week, passing the Senate Community, Economic & Recreational Development Committeeand the Senate Appropriations Committee yesterday (Tuesday) and now the full Senate today (Wednesday) who voted 38-12 in favor of the iGaming measure for the very first time. The bill will appear before the House again in June, with …
An industry advisory for mybet Holding SE raises its EBIT forecast and cash position following an Euro 11.8 million out-of-court settlement with Westdeutsche Lotterie GmbH & Co. OHG (Westlotto). The company’s new forecast provides an unchanged revenue target of Euro 44.5 million to Euro 47 million, holds out the prospect of an EBIT between Euro …
Malta-based Raketech Group has boosted its position in the Danish affiliate market with the acquisition of poker community website Pokernet.dkand iGaming affiliate websites Odds.dk and Casinoguide.dk for an undisclosed consideration. “Pokernet.dk and Odds.dk are a perfect fit for RakeTech. We are delighted to have acquired these new assets and look forward to continuing to provide …
A British Columbian Bodog Casino customer has won a tidy sum from “Let ‘Em Ride”, a simplified five-card stud table game played against the house. The game requires punters to equal or better a pair of Tens, however, Jerry K. landed the best possible combination, a Royal Flush, winning $397,879. “Jerry’s $1 progressive jackpot side …
Arena Racing Company (ARC) will acquire Newcastle and Sunderland Greyhound Stadiums from William Hill PLC for an undisclosed consideration. ARC will take over the operational running of both stadiums and responsibility for the 160 employees across the two sites. The stadiums host 520 greyhound racing fixtures a year, of which, 384 are part of the …
On the behest of the U.S. Supreme Court, Acting U.S. Solicitor General Jeffrey Wall, on review of the merits of [New Jersey Governor] Chris Christie, et al. v. NCAA, et al.; and New Jersey Thoroughbred Horsemen’s Association v. NCAA, et al, has recommended the appeal be denied. Walls opinion will be a welcome development for …
Thai authorities are cracking down on gambling in the country with the second major bust in as many days hitting the headlines. A joint agency operation netted ninety-two people following a raid on a double story building in Bangkok’s Bang Kapi district Tuesday. Gambling equipment and cash were seized in the operation undertaken by Police …
A 24-2 vote in favor of gambling bill H271 by the Senate Appropriations committee, and an 11-3 vote in favor by the Senate Community, Economic & Recreational Development Committee has progressed the gaming measure to a full Senate vote, which may come as early as Wednesday, reports indicate. The bill details a prohibitively high online …
Amaya Inc. has nominated two new directors for appointment to the board, Peter Murphy and Mary Turner, as General Wesley Clark and Dr. Aubrey Zidenberg have opted to not stand for re-election at this year’s annual and special meeting of shareholders to be held June 21, 2017. Divyesh Gadhia, Harlan Goodson, Alfred Hurley and David …
The Borgata Hotel Casino and Spa has expanded its online gaming product with the launch of a free-to-play gaming website at BorgataFreeCasino.com. The website offers a broad range of gaming options that include slots, table games and video poker. Available on the web and through a mobile app catering for all punters regardless of location, …
Slotland has debuted “Full Bloom”, a 15-fixed-payline slot with a floral fantasy theme. Full Bloom offers bets from 30 cents to a maximum $6 per spin and unlike penny slots features a bonus Pick Me game, triggered by Honey Bee Scatters, where players can win up 5,000 coins.
Thai Police have arrested 13 suspects alleged to have been running an illegal online gambling syndicate in the coastal town, and tourist hotspot, Pattaya. The crackdown follows a previous investigation in which the arrest of five of the Chinese suspects, alleged to have been part of the gambling ring, led to further raids and the …