Online gambling software and games provider NetEnt released its Q1-2017 results Thursday, reporting the following highlights: * Revenues for the first quarter increased by 15.2 percent to SEK 398 (345) million; * Operating profit was SEK 136 (128) million, an increase of 6.3 percent; * Operating margin was 34.2 (37.1) percent; * Profit after tax …
The Rank Group plc, one of the UK’s most established gaming operators, has agreed a significant contract extension with Playtech plc to include the full integration of its table and slot management systems across its entire 54 land-based UK Grosvenor casino estate. The agreement further strengthens Playtech’s pioneering Playtech ONE suite of software. Today’s announcement …
Australian betting companies are anxiously awaiting the outcome of a Cabinet proposal by federal Communications Minister Mitch Fifield that a federal ban be imposed on all gambling advertising on live sports events from the start of the games to the end. The Australian publication B&T Mag quotes The Australian newspaper on the proposal, reporting that …
DraftDay.com – a daily fantasy sports website operated by the DraftDay Gaming Group Network, has announced that it is to discontinue the brand in 60 days’ time due to “changes in our business strategy and focus.” In a communication to players, the company indicated it was switching to a business-to-business model, advising: “We are discontinuing …
China Daily reports that the online social platform, Xingqiu, is under suspicion for facilitating gambling. Gambling is reportedly facilitated through live video streaming guessing contests which invite players to bet using virtual currency. According to a Beijing News report, organizers deny illegal practice saying, as players do not exchange virtual currency for real money, it’s …
A revised offer from The Pacific Consortium (TPC), led by private equity firm KKR, for Australian gaming and lottery giant Tatts has been placed on the table. TPC is making what has been described as “an eleventh hour bid” challenging Tatts’ previously planned merger with Tabcorp with a revised multi-billion dollar takeover offer. Our readers …
Stockholm-based online casino platform and content provider, NoLimit City, has agreed a content supply deal with SuprNation’s VodooDreamsbrand. VodooDreams customers will gain access to NoLimit City’s full range of quality HTML5-built titles including Oktoberfest, Creepy Carnival, Space Arcade and new title, Kitchen Drama – Sushi Mania. “We love to work with operators whose mission is …
Reading-based games provider Realistic is set to launch a new five-reel, ten-payline slot titled “Symmetry,” its first HTML5-only release. The slot features a tessellated tile theme and offers two bonus rounds. The higher-end Symmetry bonus is awarded when all five reels contain a stack of three matching symbols which then form a symmetrical pattern. The …
A trading update from B2B mobile gaming firm, Nektan, reports continuing improved trading in its third quarter. Key performance indicators for the three months ending 31 March 2017, include: – Net gaming revenue of GBP 3.7 million, up 63 percent year-on-year from GBP 2.2 million. – An increase of 147 percent in first time depositors …
Despite a challenging year, Betsson delivered in its full Year 2016 fiscal report. Key performance markers for the twelve month period ending December 31, 2016 include: – Group revenues of SEK 4,117 million (2015: SEK 3,7220 million), up 11 percent. – A 15 percent increase in gross profit to SEK 3,078.0 million (2015: SEK 2,675 …
Sportech shareholders have approved the disposal of Sportech’s Football Pools business for GBP 83 million, to OpCapita LLP’s FP Acquisitions Ltd, at the company’s Annual General Meeting, this week. Proxy votes (excluding votes withheld) were cast for a total of 140,564,891 Ordinary Shares of the Company, representing 75.73 per cent. of the total number of …
U.S. full-service casino gaming products and B2B and B2C social casino provider, American Gaming Systems LLC (AGS) has submitted a draft registration statement to the United States Securities and Exchange Commission (SEC) relating to a potential initial public offering of its common stock. The number of shares to be offered and the price range for …
The National Basketball Association (NBA) has embarked on a multi-year partnership with Daily Fantasy Sports (DFS) provider PlayON who has been awarded the coveted Official Daily Fantasy Sports Partner of the NBA in multiple markets throughout Europe, Latin America and Asia. PlayON will offer Official Daily Fantasy NBA Games in the UK, France, Spain, Italy, …
Alabama legislators in the State House have progressed the debate on whether fantasy sports betting should be legalised and regulated, passing the bill with a close vote of 43-38 on Tuesday. The bill will move to the State Senate and is expected to be up for further vigorous scrutiny, industry pundits predict. In related news, …
The Betreels online casino is to join other operators planning to exit Australia in the face of proposed new legislation effectively banning online gambling (see previous reports) In a communication this week, management advised affiliate marketers: “In anticipation of changes in the gaming regulations in Australia, the Gibraltar Gaming regulator has requested that we stop …
Betsoft Gaming’s latest partnership will see a full suite of the software developer’s 3D iGaming content and ToGo mobile go live on Bitcoin operator rollthebit.io’s website. Rollthebit.io will be targeting players from Latin America, Spain, Brazil, Portugal, Europe, the Philippines, Australia and Asia. “They [Rollthebit] are a fresh face in our business, yet they are …
B2B internet gaming firm, GAN (formerly GameAccount Network), has been awarded its first gaming license in the U.S. by the New Jersey Division of Gaming Enforcement (NJDGE) after an almost four year application process. GAN considers the award an important milestone placing the company in a strong position to obtain licenses in other US States …
Online casino software developer Red Tiger Gaming has named former Paddy Power Betfair director of gaming, Gavin Hamilton, as managing director, effective May 2017. Hamilton has been tasked with spearheading the supplier’s ambitious expansion plans across regulated European markets, which includes applying for licenses across the continent, a company statement reads. Hamilton served in various …
The beauty and elegance of Russia’s Gzhel ceramic eggs is showcased in Endorphina’s upcoming release, “Lucky Cuckoo”. An ancient clock icon acts as the Scatter in “Lucky Cuckoo”. If three or more land on the reels, a time-related bonus game is activated in which punters must move the hands to receive a multiplier of up …
TLCBet has clinched a sponsorship deal with English Premier League football club Southampton FC as its new Official Asia Betting Partner and Official Global Casino Partner for the remainder of the 2016/2017 season. Commenting on the partnership, Southampton FC Commercial Director David Thomas said: “We are delighted to welcome TLCBet as our Official Asia Betting …
Casino software supplier, Tom Horn Gaming, and live dealer provider, Vivo Gaming, have expanded their already long-term partnership with a new cross-product integration agreement that will see each company distribute their niche content across each others’ platforms utilizing already established technical connections. “We believe that this partnership and mutual integration, will result in revenue growth …
Following the signing of a three-year deal, Kindred Group’s Unibet brand has become official betting partner of The Investec Derby Festival taking place at Epsom Downs Racecourse on June 3, 2017. “The Investec Derby remains the most prestigious flat race in the world,” Ed Nicholson, Head of Racing Communications and Sponsorship at Kindred Group, said: …
Finnish national betting agency, Veikkaus, will reportedly begin redundancy negotiations with almost half its workforce following the company’s merger with Fintoto and RAY (see previous reports). Restructuring talks affect 960 employees, the state-owned gambling agency said, as it seeks to leverage cost efficiencies gained from the merger. Current estimates predict 140 positions in danger of …
The Swedish Government has appointed Camilla Rosenberg as Acting Director General of the country’s gambling authority, Lotteriinspektionen, following the departure of Håkan Hallstedt who has been appointed to the Judiciary. Rosenberg has served as head of the operations department at Lotteriinspektionen since September 2015 responsible for the agency’s licensing and regulatory activities. The appointment takes …