Daily fantasy sports operator FantasyDraft will cover some of the owing FantasyAces’ outstanding player balances following the company’s filing for bankruptcy (see previous reports). Our readers will recall Fantasy Draft recently walked away for an acquisition proposal with Fantasy Aces following the completion of a due diligence process, shortly afterwards Fantasy Aces filed for bankruptcy. …
Kindred Group plc (formerly Unibet) has reported a series of all-time-high’s in its fourth quarter and full year 2016 results. Key performance highlights for the fourth quarter and full year 2016 period ending December 31, 2016 include: Gross winnings revenue of GBP 152.0 million (Q4/2015: GBP 111.4 million), and GBP 544.1 million (2015: GBP 354.1 …
The Economist, citing a report from UK-based betting and gambling consultancy H2 Gambling Capital (H2G), has revealed Australians hold the dubious tile of biggest gambling losers per capita at $990, forty percent higher than Singapore and more than double the average loss of its Western counterparts. In terms of gambling losses per country, the U.S. …
Thursday’s planned hearing of a new online gambling legalisation bill by the Pennsylvania House Gaming Oversight Committee has been postponed, but the good news is that it may well be replaced soon by a joint Senate-House committee hearing which could help progress the measure. The bill in question is HB 392, authored by Rep. George …
Gambling and games supplier Novomatic has reported record-breaking revenues in FY 2016, noting that significant growth was achieved in core markets UK, Germany, Spain and Italy. The company recorded revenue of Euro 4 billion in fiscal 2016, and expects to increase its involvement in South America, the US, Australia and Asia in the year ahead, …
Video gaming terminals, a subject of some sensitivity and opposition from land casino owners in Pennsylvania which created confusion and havoc in online gambling legalisation attempts last year (see previous reports) are back in focus this week following the introduction of a standalone bill proposing that limited numbers of the machines be permitted in non-profit …
The independent research firm Newzoo has released its latest research on eSports, predicting that industry revenues are set to grow 41.3 percent and will reach $696 million in 2017. Over half those revenues will come from China and North America, the company claims, noting however that global growth has also been good, and that eSports …
Wally Sombero, the former police officer and alleged “facilitator” for online gambling mogul Jack Lam, returned to the Philippines this week after apparently reaching a deal that will keep him out of jail on allegations that he attempted to bribe senior immigration officials and even the country’s Justice Secretary, Vitaliano Aguirre (see previous reports). According …
Figures for January released Tuesday by the New Jersey Division of Gaming Enforcement show that Atlantic City’s online gambling revenues have continued to trend upward, rising 28.6 percent year-on-year to $18.8 million and making a real contribution to land operator profits. The state government did not do too badly either, harvesting tax of $16.5 million …
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping. The signing follows a recent competitive procurement process. Norsk Tipping, Norway’s state lottery operator and a World Lottery Association (WLA) …
B2B sports betting service provider Kambi Group’s full year results were negatively impacted by punter-friendly sporting results and an increase in gaming taxes during the company’s fourth fiscal quarter. Key performance highlights for the full year period ending December 31, 2016 include: – Revenue of Euro 56.0 million (2015: Euro 47.7 million), an increase of …
Scientific Games Corporation (SGC) has extended its instant win games (IWG) supply contract with the Missouri Lottery for a further three years. In addition, SGC will launch a new, full-loyalty website for My Lottery Players Club, which has 228,000 members. “We’ve worked hard alongside the Missouri Lottery as they have built an incredibly loyal fan …
Reports from the Russian online news company RBC.ru indicate that the federal government may be about to unleash another action against illegal online gambling operators – legislation that disrupts player to operator financial transactions. The bill is reportedly the work of the federal Ministry of Finance and will oblige banks and payment processors to block …
Mobile casino operator LeoVegas.com, is celebrating its fifth birthday by hitting the Euro 800 million deposited mark, the company boasted in a statement Tuesday. Launched in February 2012, the mobile casino reports continuous growth and a current player base of more than “regular” 600,000 punters who generate up to Euro 40 million per quarter, creating …
Win A Day has released “Amore”, a Romeo and Juliet-themed 5×4 slot featuring a two-stage bonus round. Three or more scatters trigger the two-stage bonus game in which Romeo and Juliet pay out instant cash prizes of up to 10x the bet. Players first pick from a series of ornate masks such as those worn …
Pool betting operator Colossus Bets has launched Colossus Syndicates, a new platform enabling users to form syndicates on Colossus Bets pools. Once players have created a Colossus syndicate profile, they can find and join a Syndicate through either the search bar or the join now button within the syndicate tab. Players can check the progress …
Dutch gambling authority Kansspelautoriteit has hit Trustfulgames.com, operator of Tiplix.com, with a Euro 170,000 fine for illegally operating in the Dutch market. Tiplix.com was reportedly targeting consumers with a Dutch-language online casino, slots and sports betting offer in direct violation of the country’s law. Kansspelautoriteit warned it will continue to target and fine unlawful internet …
Scientific Games Corporation has announced the appointment of Karin-Joyce (“KJ”) Tjon as chief 0perating 0fficer and president, effective February 13, 2017. Her responsibilities will include oversight of the gaming and lottery operations and driving the company’s organisational strategy, business development and fiscal discipline. Tjon will report directly to Scientific Games’ CEO Kevin Sheehan, who said, …
Go Wild Gaming, operator of Go Wild Casino and Wild Jackpots, has taken on Betsoft Gaming’s Slots3 and ToGo games suites which will be deployed through Go Wild’s own, newly-launched, proprietary igaming platform. “We appreciate Betsoft Gaming for the broad range of their iGaming content as well as the high quality of their games,” Shanta …
William Hill’s largest shareholder, Parvus Asset Investment has reportedly been lobbying for the company’s sale since a failed merger bid by Amaya was rejected in October 2016. Described as a “secretive hedge fund backed by the financier who waged activist campaigns against Volkswagen and Deutsche Börse,” the Sunday Times report said the investor has expressed …
Mississippi House Bill 967, authored by Representative Richard Bennett, will move to the Senate following its passage through the House. The bill’s passage was denied on a vote Wednesday last week, however, passed on the Thursday after a motion to reconsider was filed. Mississippi became the fourth US State in May 2016 to authorise daily …
The U.S. State of Maryland is positioning itself for the remote possibility of legalised sports betting on a Federal level with the introduction of HB0989to the Maryland General Assembly’s Ways and Means Committee. The bill, sponsored by representative Jason Buckel, seeks to establish a task force to study the implementation of sports betting in the …
The Nevada Gaming Control Board has authorized William Hill accepting wagers on Las Vegas eSports event “DreamHack Masters”, scheduled to run next week. Nevada eSports bettors will be able to place bets on the event through William Hill’s 108 Nevada sports books and via its mobile sports app.
Mr Green reported one of its strongest quarters ever in terms of revenue growth, number of active customers and customer deposits in its Q4/2016 and Full Year report, saying its new Mr Green 2.0 business strategy is now starting to deliver results. Key performance indicators for the 52-week period ending December 31, 2016 include: – …