Scientific Games Corporation has reported results for the first quarter ended March 31, 2016, showcasing a 4 percent year-on-year rise in revenues to $682 million, driven by 55 percent growth in the interactive division despite a $7 million hit from unfavourable currency conversion. Operating income in Q1-2016 increased 178 percent to $50 million from $18 …
The Mexican media house TV Azteca has announced its intention to invest in the daily fantasy sports market in Latin America through involvement with DFS software provider Fantasy Network. The company is to make an initial investment of a million dollars in three tranches conditional on growth targets being met, and a further $10 million …
The German sports betting operator Tipbet has announced that it has extended its choice of betting products by adding eSports, with both online and retail facilities for punters wishing to bet on eSports competitions. Tipbet m.d. Bahadir Malkoc described eSports as a “young and exciting project” in a company statement Thursday that expressed faith in …
William Hill players in the Canadian province of British Columbia received an unexpected and unwelcome correspondence from the company this week, informing them that the company is departing the provincial market due to “regulatory reasons beyond our control”. In a short notification the company apologised for the short notice, advising players: “We regret to inform …
Heavy taxation has taken some of the sparkle off otherwise decent first quarter results posted Thursday by the Czech Republic-based Fortuna Entertainment gambling group, prompting Management to warn that FY EBITDA could be 10 to 15 percent lower than expectations. Q1-2016 highlights included: * Year-on-year stakes up 26.3 percent to Euro 251.7 million; * Gross …
Core Gaming has launched its latest product, claiming that Jackpotz is an industry-first product which offers seven progressive jackpots with six-figure pay-outs. The new game is a 3-reel, 5-line slot in which players can win up to GBP 250,000, and includes quality graphicsand smooth playability due to the use of advanced WebGL 3D technology. Jackpotz …
Dutch Socialist Party MP Ronald Van Raak has once again raised the perceived flaws in the Curacao online gambling regulatory structure, writing to Minister of Kingdom Relations Ronald Plasterk to ask: “Do you agree that Curaçao has failed in its supervision on the gambling sector? If so, what role do you see for the Kingdom …
Online casino and poker operator Bovada has integrated the virtual currency Bitcoin into its player payment and deposit options to give customers a wider choice of financial facilities, the company has announced. Less palatable is the unilateral manner in which the company’s affiliate marketing management wing, Betting Partners, has declared it will be switching affiliates …
According to a report in the publication ESPN the National Basketball Association is to permit suitable companies to advertise in a small space on team strips for branding…but it appears that daily fantasy sports will be denied the privilege despite its close associations with the sport. The ESPN report reveals that the 2.5 inch x …
Daily fantasy sports is about to be discussed and debated again following a notice from the US Congress House Committee of Energy and Commerce that its sub-committee for Commerce, Manufacturing and Trade is to hold a morning hearing on Wednesday May 11 in Washington DC. Titled “Daily Fantasy Sports Issues and Perspectives” the hearing will …
The Midlands EPL football club West Bromwich Albion has signed Asian online gambling operator K8 Group as its shirt sponsor for the next two years, awarding significant publicity and business opportunities to the UK-K8.com online casino brand. K8 Group chief executive Vincent Huang said in a statement Thursday that the two organisations are collaborating on …
US social gaming provider Zynga’s new CEO, Frank Gibeau reported lower but continuing losses in the company’s Q1-2016 report this week, revealing that performance was better than expected but that a loss of $26.5 million was still incurred. It could have been worse, he revealed, saying that cost cutting has reduced the loss by 43 …
Gaming Laboratories International has claimed it is the first independent online gambling testing laboratory to be awarded Class II Gaming Systems licences in Romania by the regulator ONJN. GLI’s m.d. for Europe and Africa, Martin Britton, said in a statement that the award will “…allow our clients to move forward in this regulated market” and …
Michigan state Senator Mike Kowall’s SB889 proposing the legalisation of intrastate online gambling (see previous reports) received its first public airing Wednesday in an informational hearing by the Senate Regulatory Reform Committee which was addressed by a number of industry experts. Five of the nine members of the committee are co-sponsors for Kowall’s bill, ensuring …
Ladbrokes Betting and Gaming was sanctioned by the UK Advertising Standards Authority (ASA) for a sales promotion appearing on betting slips that offered a GBP 2 free self service bet on bets placed over the counter of GBP 5 plus. Further text on the betting slip said “ Ladbrokes rules apply…” The promotion terms, which …
The Italian ANSA news agency has just published a brief report revealing that the police in Catania have arrested 13 people today (Wednesday) as part of a widespread operation against a nation-wide online gambling ring that allegedly generated business worth Euro 10 million a month. The police operation covered 19 Italian cities, probed 107 people …
Turkey will formally advertise a new tender for the privatisation of its national lottery later this week, said Finance Minister Naci Ağbal. Our readers will recall previous attempts at privatising the entity failed to attract sufficient bidders and were bogged down by the transfer of operational rights issues. A Turkish consortium emerged the top bidder …
Gaming Innovation Group (GIG) has announced the appointed of Mikael Ångman as the new chief operating officer(COO) of the company effective September 1, 2016. Ångman currently serves as chief executive officer and chairman of mobile sports betting technology provider, Mobenga, a fully owned Playtech subsidiary, who he joined as COO in 2011. The company further …
Isle of Man-headquartered B2B game developer Booming Games is set to launch three new titles over the coming weeks, “Cinco de Mayo”, a Mexican-themed video slot, a homage to the Chinese Year of the Monkey titled “Zoodiac” and a neon visual explosion in “Booming Glow”. The soon to be released “Cloud Tales” from iSoftBet will …
Mobile gaming developer Gaming Realms plc delivered strong full year 2015 results and reports continued upward momentum during its first quarter of 2016. Key performance highlights for the full year ending December 31, 2015 include: – Revenue up 116 percent to GBP 21.2 million (FY/2014: GBP 9.8 million, 15m/2014: GBP 11.2 million). – Real money …
Claiming that it is the first dedicated store for real-money gaming apps on Android, the UK start-up Betcade officially opened for submissions from developers this week, saying in a statement that its dedicated iStore has been purpose built for real money gaming and will help developers reach a much wider audience by providing discovery, download …
A new content partnership with leading online gambling games developers Microgaming and NetEnt will deliver to Oshi Casino players an additional choice of 600 games, the online casino operator announced this week. The additions will complement the operator’s existing gaming inventory from suppliers like SoftSwiss, BetSoft, Endorphina and Amatic. Oshi takes both virtual and fiat …
The Romanian media reviewed the country’s progress in online gambling regulation and licensing this week as the one year anniversary of government’s decision to open up the market passed. The reports noted that the delays in implementation have not been entirely the national government’s fault, due to time spent in liaising with the European Commission …
Sportech plc had good news for investors Wednesday, announcing that the UK Court of Appeal Judges has ruled unanimously in favour of Sportech in the Group’s appeal case relating to a GBP 97 million VAT repayment claim on the “Spot the Ball” game (see previous reports). However, the matter cannot yet be regarded as finally …