Britain’s controversial horse racing levy on bookmaking firms will be in the news again tomorrow (Thursday) following a vote in the House of Lords tonight on a measure that could deliver another GBP 30 million to the industry by pulling in online sports betting operators. In addition to media rights payments, bookmakers currently pay a …
The Spanish online gambling market is alive and well and set to deliver revenues of Euro 500 million this year, says Ficom analyst Eduardo Morales Hermo. That represents a Euro 100 million improvement on the Euro 400 million GGR generated in 2016, a year ion which overall turnover topped Euro 10 billion for the first …
Quoting reliable and knowledgeable sources Wednesday, the Reuters news agency reported that the panel tasked by the Swedish government to investigate and report on online gambling is set to deliver its report this week, and that it will recommend that the state gambling monopoly be radically changed to a system where online gambling companies can …
Threats by Australian anti-gambling independent Senator Nick Xenophon to ban gambling advertisements during sports broadcasts came to nought today when his private member’s bill was rejected by the Senate Estimates Committee, where the Coalition and Labor members recommended against the Xenophon reforms. The Xenophon bill, which is separate and distinct from the federal government’s Interactive …
Greek gaming operator OPAP’s core profitability continues to be negatively impacted by retroactive tax burdens and tough economic conditions. The gaming giant reported the following financial highlights for the 12 month period ending December 31, 2017: Gross gaming revenues down by 0.2 percent at Euro 1,397.6 million (FY 2015: Euro 1,399.7 million). A drop 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 …
Jackpotjoy plc and subsidiary The Intertain Group posted year end results this week, reporting Group Revenue growth of 15 percent. Key performance highlights for Intertain (now Jackpotjoy plc) for the 12 months ending December 31, 2016 include: – Revenue rise of 15 percent to GBP 269 million. – A drop in net losses of 63 …
The inaugural charity poker tournament laid on by the MPN, on board a luxury super yacht moored adjacent to the ExCeL Centre during the ICE Totally Gaming 2017 exhibition last month, has benefited numerous charities through Microgaming’s Play It Forward initiative. Over 80 guests and staff competed for the win, battling for over three hours, …
Caesars Entertainment has named Christian Stuart in the newly created role of executive vice president of gaming and interactive entertainment. A senior member of Caesars Entertainment staff since 2009, Stuart currently serves as chief marketing officer/SVP – Las Vegas Region, prior to which he was chief of staff/SVP in the CEO’s office. “Under Christian’s leadership …
IGT has entered into a a patent cross-licensing agreement with Incredible Technologies, Inc. (Incredible), an emerging Class-III gaming manufacturer focused on delivering video slot, poker and keno content to the casino floor. Under the agreement, Incredible can offer games, including patented game features from the IGT portfolio, for a licensing fee payable to IGT. “Incredible …
The High Court of Justice in the UK has sanctioned Betsson AB’s GBP 26.4 million cash offer for all of NetPlay TV plc shares, satisfying the conditions needed for the completion of the deal. The offer is expected to become effective March 31, 2017, upon which NetPlay will become a wholly owned subsidiary of Betsson. …
Sportech plc’s full year 2016 report reflected what the Board described as a “transformational period” which it believes positions the company for future growth and increased value for its shareholders. Key performance highlights for the 12 months ending December 31, 2017 include: Group: – Revenue of GBP 98.6 million (2015: GBP 100 million). – Profit …
As anticipated NetEnt delivered another robust set of results for the full year 2016 period with a series of all time highs in terms of revenues, earnings and cash flow. Key performance highlights for the 12 month period ending December 31, 2016 include: – Revenues for the full year increased by 28.5 percent to reach …
According to reports in China’s state media the government is planning a major clampdown on attempts by foreign land casino operators to lure high rolling Chinese punters to their casinos, and on the growing problem of illegal online gambling on the mainland. The state’s Xinhua news agency reported Wednesday that Public Security Minister Guo Shengkun …
Respected online gambling research group Eilers and Krejick say that online gambling revenues in Europe grew by 6.6 percent year-on-year despite restrictions in Portugal, Poland and the Czech Republic, which spokesman Adam Krejcik said cost operators around Euro 500 million. The E & K study found that bet365 leads the market in the region, with …
HB149, a bill seeking to legalise daily fantasy sports in the state of Florida authored by Rep. Jason Brodeur, was advanced by a House committee Tuesday, raising hopes for rapid progress instead of a repeat of last year’s failure of a similar bill (see previous reports). The measure proposes that betting on fantasy contests should …
Following a competitive pitch, the London advertising agency founded by rugby international Lawrence Dallaglio, BBH Sport, has clinched the significant pan-European advertising account of GVC subsidiary Bwin. In a statement Tuesday GVC chief marketing officer Adam Lewis said that the BBH pitch had captured his team’s vision, and that all concerned are geared up for …
Playtech BGT Sports, which provides omni-channel sports betting solutions, has extended its Self Service Betting Terminals (SSBTs) agreement with Irish bookmaking firm BoyleSports for another four years. As part of the deal, Playtech BGT Sports will supply an initial 325 terminals, taking the total number to over 600 across Boyle’s 220-strong estate with more to …
The US state of Pennsylvania has the potential to generate hundreds of millions of dollars in new tax revenue should the state pass legislation to legalise and regulate online casino games and poker, according to a recently released 14 page white paper by news and analytical research site PlayPennsylvania titled “Pennsylvania Online Gaming Revenue: A …
Online casino Slotland, which has its own in-house games development facilities, has released its latest product, a “back to basics” traditional pub-style fruitie game titled Fruitful 7s. The game sports classic fruit symbols and up to 500x pay-outs – 2500x in the bonus round. The game includes a free spins feature where players choose their …
Online casino operator PlayOJO.com has launched a television advertising campaign in the UK as part of an effort to promote its entrance into the online gaming market in that country. Created by the 101 advertising agency and shot by award-winning director Chris Woods, the new advert features Geoff Bell, star of films such as ‘Kingsman: …
The Nevada regulator has released revenue numbers for February 2017 which, at $945.5 million are down 4.5 percent on the $989.9 million achieved in corresponding period in 2016. However, observers have pointed out that due to the vagaries of the calendar, there was an extra February day last year. Michael Lawton, a senior research analyst …
The Mr Green online casino group announced late Tuesday that it is to join the growing number of online betting companies departing the ridiculously overtaxed market in Poland. In a communication to affiliate marketers, the company said that its decision, which takes immediate effect, is due to unfavourable regulatory developments in the country. The communication …
Ladbrokes Coral Group plc delivered unaudited results for the fiscal year 2016, reporting a net loss, in-line with its 18 January 2017 trading statement, of GBP 204.3 million which it attributes to non-trading merger costs. The results include both Ladbrokes PLC and the Coral Group for the 10 months to 31 October 2016 and results …