Coinciding with the end of the British August bank holiday, 888 Holdings issued a new statement Tuesday on a revised bid for Bwin-Party, which Bwin has confirmed it has received and is studying, along with the latest offer from GVC Holdings (see previous report). For now, Bwin says that its directors’ unanimous recommendation of the …
French horse racing operator Pari-Mutuel Urbain (PMU) has acquired a majority stake in long-time partner Die German Tote Service- und Beteiligungs GmbH (German Tote) for an undisclosed consideration. “The acquisition of the German Tote is an opportunity which allows PMU to become an operator in Germany, and become a part of its equestrian tradition of …
H1-2015 results from gambling testing agency BMM Testlabs show good year-on-year growth in earnings and revenues and the signing of 30 new clients. Without providing actual financial figures, the company claimed in a media statement that revenues rose by 7 percent, and EBITDA by 51 percent, in the first half, and that in the second …
Since the Italian regulator AAMS stopped making online gambling statistics publicly available two years ago, reliable information on the local scene has been hard to come by, but the problem was solved by the ever-inquisitive Italian media this week. Accessing figures that are apparently only available to licensed operators these days, the report claimed that …
Whilst the victor in the 888-GVC bidding war for Bwin-Party has still to be decided, 888 Holdings pushed ahead with its plans Friday, issuing a stock exchange statement outlining its schedule in the event of a successful outcome, although the header incorporates a caution that investors should not make any decision in relation to the …
With interest in daily fantasy sports reaching peak levels in recent months, and the US football season about to kick-off, the Washington State Gambling Commission has reminded its citizens that this genre falls under the bans imposed by RCW 9.46.240. Washington State has some of the most draconian anti-internet gambling laws in the United States, …
BetCoin Bitcoin Entertainment Network (BBEN) claims it has debuted the first virtual sports offering for its players, rolling out its entry into the sportsbook sector with virtual sports and virtual displays for live events, all available for desktop and mobile Bitcoin gamblers. The virtual displays for live events is punted as especially appealing to mobile …
Gala Coral group’s in-house development studio, CR Games, has released a new multi-channel online slot titled Jokers Gold. The five-reel game features ‘each way’ Wilds along with a Free Spins bonus round, where Jokers land in view and expand to fill the reel and become ‘Super Jokers’. Any Super Jokers symbols that land in view …
Spare a thought for Illinois lottery winners who this week found themselves denied their winnings by the State Lottery, which has frozen millions of dollars in pay-outs due a budget crisis. The Reuters news agency reports that the state has been operating without a budget since the fiscal year began in July 2015, due to …
For the second month running Nevada gambling revenues have declined, according to statistics released Friday by the Nevada Gaming Control Board. Overall gaming win came in at $922.8 million, a year-on-year decline of 1 percent; the fall was more pronounced on the Las Vegas Strip, where it was 2.1 percent down to $524.9 million. Downtown …
Despite record levels of revenue the NYX Gaming group felt the drag of its underperforming online poker subsidiary Ongame in the second quarter of 2015, its latest results disclose. NYX reported that: * Revenues in Q2-2015 were up 44.5 percent year-on-year at $10,7 million; * Gross profit rose 40.2 percent to $9.1 million; * Net …
GVC Holdings plc, still embroiled in the fight to buy Bwin-Party, issued its H1-2015 results Friday, commenting that it intends to play a key role in the consolidation phase the online gambling industry is currently experiencing. Highlights from the report include: * Wagers – up 18.6 percent to Euro 824 million (H1-2014: Euro 694 million); …
Bwin.Party Digital Entertainment plc, the online gambling group at the centre of a tug of war between potential buyers GVC Holdings and 888 Holdings, posted a 2 percent rise in first-half 2015 earnings Friday. The small increase had been helped by cost savings, which lifted the core earnings for H1-2015 to Euro 45.4 million. Along …
Due to its bid for Bwin-Party, online gambling group 888 Holdings plc has been much in the news this month, and the interest in the group has been boosted by its latest half-year results, released Friday. The report for the period to end June 2015 highlights: * Revenue up by 9 percent to US$244.9 million …
The Dutch government has yet to implement its online gambling legalisation regime (see previous reports), but that hasn’t stopped the market from growing, according to an overview published this week by the regulator, Kansspelautoriteit. By the end of this (2015) year the Dutch market will have be generating GGR of Euro 296 million, Kansspelautoriteit estimates. …
Daily fantasy sports operator DraftKings continued to invest in gaming facilities at top US football stadia this week, opening three new DFS sports lounges in partnership with NFL franchises Dallas Cowboys, New England Patriots and Kansas City Chiefs. The heavily branded lounges at the AT&T Stadium, Gillette Stadium and Arrowhead Stadium have gone operational in …
The respected publication CNet has published an article discussing the possibility that social casino games “normalize” gambling behaviour and set the scene for later problems for addictive personalities. The article points to the increased accessibility of websites, especially by younger generations who extensively use their mobile devices for leisure activity CNet notes that the global …
According to US East Coast media reports the problem gambling body Gamblers Anonymous is considering the inclusion of daily fantasy sports in its list of subjects that vulnerable gamblers should avoid in order to reduce the dangers of temptation. The booming DFS industry is attracting an increasing amount of attention from political, commercial and public …
MGM Resorts chief and American Gaming Association chair Jim Murren continued to make the media columns this week as further quotes from his News3LV interview surfaced. After suggesting that daily fantasy sports is undoubtedly gambling and should consequently be regulated (see previous report) Murren went on to tackle the Restoration of America’s Wire Act, a …
Activist gambler Tim James has launched the first episode of his show on Youtube following previews which have attracted wide online media attention in the industry (see previous reports). In keeping with his promise to expose the hypocrisy of major online gambling opponent and land casino owner Sheldon Adelson, James has included clips from Adelson …
Online gambling slots developer ELK Studios has previewed its latest slot, which joins popular games like Electric Sam, Champion’s Goal and The Lab in its inventory and is due for launch on September 9. Titled Tacos Bros. the cartoon-style theme is set in Mexico around 1881, where three brothers, Paso, Pepe and Pico enlist the …
Speaking at a media conference following the release of his company’s results Thursday (see previous report), Playtech’s CEO Mor Weizer said the future of gambling is the omni-channel approach, in which mobile, web and retail operations are all linked and integrated using sophisticated technology and organisation. Certainly that is the route which his company is …
The online services division of Australian gambling group Lasseters, an online gambling leader in the early days of the industry, has released FY numbers to end June 2015, reporting that a profit of A$315,330 in 2014 has turned into a loss of A$80,750 this year. Revenues – the company develops online versions of casino games …
After some weeks of silence whilst GVC has been upping its offer for Bwin-Party, rival bidder 888 Holdings plc issued a statement on Thursday indicating that it stands on its earlier proposal, which the Board of Bwin-Party continue to recommend. The statement noted that the 888 board of directors “…continues to believe that the combination …