Gambling news - page 696

Intertain enjoys strong third quarter

2 Nov 2015

Online gaming firm Intertain Group delivered robust third quarter results across all four of its online businesses this week. Key performance indicators for the three month period ending September 30, 2015 include: –    Group revenue of CAD 119.5 million (Q3/2014: CAD 13.7 million). –    EBITDA of CAD 43.7 million. –    Generated CAD 41.5 Million in …

Read now

Sportech VAT claim appeal postponed

2 Nov 2015

Sportech PLC’s long-running GBP 97 million VAT claim appeal regarding its “Spot the Ball” game has been delayed “due to a lack of judicial availability”. The Court of Appeal will schedule a new hearing date.

Read now

Online problems for Hong Kong Jockey Club

2 Nov 2015

Hong Kong Jockey Club’s eWin website went down over the weekend, frustrating punters and resulting in an estimated drop of 4.9 percent, or HK$65 million compared with the same race meeting last year, for the company. The almost day-long intermittent failure was described by most media reports as a “mysterious malfunction” that heavily disrupted internet …

Read now

eSports set for significant growth

2 Nov 2015

Research specialist SuperData has issued a bullish forecast for the eSport vertical, predicting that annual revenues will soar from the current $748 million to $1.9 billion by 2018, with significant growth in Europe and the United States. The Asian region leads the market at present and is still growing, but is reportedly reaching saturation point, …

Read now

Gaming technology firm hires online gambling industry veterans

2 Nov 2015

Grand Parade, the gaming technology company that has worked with Betfair, Coral, Bwin, Ladbrokes, Sky Bet, Sportech and NYX Gaming Group over the past six years has announced the appointment of online gambling industry veterans John O’Reilly and Martyn Miller to its executive management team. O’Reilly is taking up the appointment of non-executive chairman of …

Read now

Macau October decline within analyst expectations

1 Nov 2015

Analysts predicted that the decline in Macau’s gambling revenue figures for October 2015 would be within the range 26 to 29 percent, and they were proved reasonably accurate on Sunday when the official numbers were released, showing that the year-on-year decline was actually 28.4 percent. The Reuters news agency reported that the decline was the …

Read now

New poll claims that daily fantasy sports could be a threat to casinos and lotteries

1 Nov 2015

An online poll conducted by the Leger research intelligence group among 1,004 US daily fantasy sports players has concluded that money spent on online DFS reduces the amount spent on casino and lottery games and tickets. More than 61 percent of DFS players said that their spending on DFS decreased the amount they budgeted for …

Read now

Malaysian police seize 80 online gambling computers

1 Nov 2015

The persistence of the Malaysian police in their efforts to exterminate online gambling is well known, but it seems that demand for internet gambling is undiminished…and there are clearly operators prepared to take the risk of police raids. This weekend a property in a business park in Kuala Lumpur was the target of a major …

Read now

William Hill in multi-sponsorship deal with Scottish football

31 Oct 2015

The Scottish Football Association has announced that online and land gambling group William Hill plc has agreed a new four-year extension as title sponsor of the Scottish Cup. The ground-breaking deal with the Scottish FA will also see Britain’s biggest bookmaker continue to be an official partner of the Scotland national team and become the …

Read now

South Korean police want more punitive measures against online gambling

31 Oct 2015

South Korea looks like an increasingly hostile environment for illegal online gambling operators following national police threats this week that offenders will be charged with organised crime activity, which carries heavier punishments in the form of extended imprisonment. The police have also warned players on illegal online sites that they too will be prosecuted. South …

Read now

FanDuel CEO publishes open letter on regulation

31 Oct 2015

Fanduel CEO Nigel Eccles raised his head above the parapet this week by publishing an open letter to his numerous players acknowledging the need for “strong, common sense, enforceable” regulations to protect consumers, and noting that sensible state legislation has already been proposed. Whilst not specifying which legislative proposals he was referring to, Eccles commented …

Read now

U.S. football pro lauches class action against FanDuel

31 Oct 2015

According to a report on Fox Sports a new class action – the fourth against daily fantasy sports operators in the past month – has been launched against FanDuel by Washington professional football player Pierre Garςon. Garςon alleges in the Maryland filing that player “names and likenesses have been misappropriated” and that FanDuel “knowingly and …

Read now

DraftKings trying for more capital

30 Oct 2015

Presumably feeling the pinch from fighting off negative perceptions generated by political and enforcement interest in its affairs whilst maintaining an aggressive player acquisition advertising strategy, daily fantasy sports operator DraftKings is reportedly seeking another $200 million in capital from investors. The Boston Business Journal reported on the funding drive Thursday, noting that the company …

Read now

Bad week for anti-online gambling politician

30 Oct 2015

Fears that arch anti-online gambling politician Jason Chaffetz might succeed in his ambitious bid to become the 62nd Speaker of the US House of Representatives (see previous  report) receded this week following his announcement that he was withdrawing from the race…as it turned out just in time, because rival Republican Paul Ryan was elected to …

Read now

Major affiliate firm to toe the New Jersey regulator’s line

30 Oct 2015

The New Jersey Division of Gaming Enforcement’s warning earlier this year that affiliate marketers who promote unlicensed operators in the New Jersey online gambling market could be prejudiced by such illegal activity (see previous  report) has clearly influenced FourCubed, the parent company for Poker Affiliate Solutions (now PAS). In an email communication this week, FourCubed …

Read now

Night Vampire online slot released in time for Halloween

30 Oct 2015

Internet gambling games developer World Match has released a new 5 reel online slot with a spooky theme in time for Halloween, revealing that it has translated Night Vampire to the HD online environment from the popular land cabinet product developed by Baldazzi Styl Art. The  scary theme is presented with symbols that include holy …

Read now

Regulate DFS say Massachusetts regulators

30 Oct 2015

The meteoric rise of daily fantasy sports, and its similarity to other forms of gambling, prompted Massachusetts regulators to come out in support of the vertical’s regulation Thursday. Massachusetts Gaming Commissioner Enrique Zuniga told the Associated Press news agency: “There are enough similarities to other forms of gambling that it warrants regulation,” whilst Commissioner James …

Read now

Better numbers for Nevada in September

29 Oct 2015

Figures for September from the Nevada Gaming Control Board show that gambling revenue rose in Clark County including 2 percent on the Las Vegas Strip to $504.8 million and 9 percent in the downtown Fremont Street corridor to $47.5 million, ending a three-month slide for the gambling state. The Board said Thursday that casinos in …

Read now

Social gaming enhances Churchill Downs Q3 results

29 Oct 2015

The acquisition of internet social gaming firm Big Fish Games last December is proving to be a valuable addition to US racing company Churchill Downs, which this week posted its Q3-2015 results. During the quarter, Big Fish Games contributed revenues of $103.5 million and adjusted EBITDA of $33.3 million. Comparing results to Big Fish Games …

Read now

Leap Gaming to supply virtual sports to 1×2 Gaming

29 Oct 2015

Clients of online games and platform provider 1×2 Gaming will soon additionally have access to virtual sports facilities thanks to the company’s partnership with developer Leap-Gaming. The initial collaboration includes virtual horse racing, greyhounds, velodrome cycling and speedway, and there are plans to introduce tennis and trotting before the end of 2015, with football becoming …

Read now

Playtech reports a strong third quarter

29 Oct 2015

Online gambling group Playtech plc has released a strong third quarter report highlighting good performances from both its gaming and financial operations. Financial highlights include: * Total revenues up 47 percent compared to Q3 2014 on a reported basis, with 24 percent growth excluding acquisitions and adding back the impact of the UK POC tax; …

Read now

Is Sony eyeing the eSports market?

29 Oct 2015

Whilst attendees at the Sony Paris Games Week await the anticipated announcement of the company’s venture into the booming eSports sector, bloggers claiming insider knowledge have revealed details of Sony plans. IGN.com claims that the new initiative has already seen the launch of a PlayStation Plus League website accessible for PS4 users and including games …

Read now

Republicans let rip in presidential debate

29 Oct 2015

Wednesday’s Republican presidential candidate televised debate saw New Jersey governor Chris Christie decrying mainstream media focus on the daily fantasy sports furore when more important international issues were in play. Asked by CNBC moderators about his position on daily fantasy sports, Christie forcefully opined to audience applause: “Are we really talking about getting the government …

Read now

Pennsylvania online gambling and DFS hearing postponed again

29 Oct 2015

Wednesday’s already postponed hearing on online gambling and daily fantasy sports has again been postponed, according to the House Gaming Oversight Committee website. Local media observers speculated Wednesday that committee chairman Representative John Payne may have postponed the hearing in deference to bipartisan lawmaker efforts to find a solution to the state’s $2 billion budget …

Read now