Live dealer technology and content provider Evolution Gaming published its Q2-2015 results Thursday, highlighting the following financial progress: * Revenues up by 55 percent to Euro 17.9 million (Q2-2014: Euro 11.5 million); * Profit for the period up at Euro 5.9 million (Q2-2014: Euro 2.9 million); * Earnings per share up at Euro cents 16 …
In the ping pong game that the Bwin-Party – GVC Holdings takeover negotiations appears to have become, the former company issued yet another statement Thursday, confirming that “…key aspects of GVC’s proposal have now been addressed to bwin.party’s satisfaction,” but advising that it is now asking GVC for clarity on the best terms on which …
Playtech plc has released its H1-2015 numbers, showcasing a strong overall performance for the six months to end June, and noting the following highlights: * Revenues up 33 percent at Euro 286 million; * EBITDA up 16 percent at Euro 112.9 million; * Adjusted net profit up 19 percent at Euro 115 million; * Reported …
Playtech plc has announced the appointment as a non-executive director of Paul Hewitt, who will chair the Board’s Risk and Compliance Committee and Remuneration Committee and sit on the Audit Committee and Nominations Committee. A qualified accountant, Hewitt’s recent executive responsibilities have included being the Deputy Group Chief Executive and Chief Financial Officer of the …
UK-based business-to-business games provider GameAccount has partnered with Chicago-based slot developer Incredible Technologies Inc. to launch an online version of the IT Inc. slot titled Medusa: Quest of Perseus, on the Simulated Gaming network in the United States. Simulated Gaming is the Internet gaming service designed by GameAccount Network specifically for land-based US casinos to …
Online bingo operator Dream Bingo in the Betway Group has announced that it has secured the headline sponsorship of the 20th annual Inside Soap Awards in a partnership with organisers Hearst Magazines UK. Dream Bingo’s customers will have the chance to attend one of the celebrity events of the year by entering a ‘Guess the …
Fortuna Entertainment Group, a Czech-bas online and land gambling operator, has reported on it H1-2015 performance, disclosing a fall in net profit of 47 percent to Euro 4.8 million (H1-2014: Euro 5.45 million) – worse than was expected by the market. The Reuters news agency reports that EBITDA fell 39 percent to Euro 9 million, …
Daily fantasy sports operator DraftKings, which has yet to reach profitability, has been spending lavishly – $9.46 million last week alone – on advertising to bring in more players and develop critical mass. Television advertising monitor iSpot ranks the DFS firm as seventh biggest advertiser last week, convincingly overtaking Nissan, Verizon and even McDonalds. Our …
Jim Murren, CEO of the giant MGM Resorts casino group in the United States, has again questioned the legal position of daily fantasy sports, drawing a line between that and traditional seasonal fantasy sports which enjoy a legislative carve-out in federal US law. During a long interview with CBS News3LV in Las Vegas this week, …
The Philippine Amusement and Gaming Corporation has approved the accreditation as a testing agency of online and land gambling test lab NMi, the company revealed in a statement Wednesday. “This accreditation by PAGCOR follows the recent appointment of NMi by First Cagayan. With NMi now able to test for both jurisdictions in the Philippines this …
On the back of a possible Paddy Power-Betfair merger, share prices rose sharply in both companies, no doubt elating Betfair co-founder Ed Wray and Paddy Power’s David Power. Betfair’s share price rose 21.36 percent to GBP 31.59 as we went to press effectively increasing the worth of Wray’s 9.5 percent holding by at least GBP …
SB Betting is the latest operator to go live with 1X2gaming content on Nigerian-based website Merry Bet.com. Online players will have access to 1X2gaming’s virtual sport and casino content across HTML5 and Flash platforms following the content integration. “We are very pleased about the addition of 1X2gaming content to our platform, which will add new …
Privately-held American restaurant chain Hooters has partnered daily fantasy sports provider DraftKings to launch “The Hooters Fantasy Football Challenge”. The initiative encourages fantasy sports fans to compete against well-known ESPN analyst Jon Gruden during the first six weeks of the NFL 2015 season with a top prize of $50 000 per week up for grabs …
NYX Gaming Group has made two senior hires the first of which is Leon Thomas as managing director – US operations. Thomas previously served as chief marketing officer for part Caesars-owned Drai’s Enterprises, prior to which he held senior positions at Caesars Interactive Entertainment and was managing director for Tombola.co.uk. Amaya Gaming’s former senior vice-president …
Software developer EveryMatrix has been awarded a General Software Licence, a General Betting Standard Real Event Licence in addition to a Casino Licence from the UK Gambling Commission. “As a serious software supplier in the industry, we are constantly assessing adding more licences to the portfolio. Consequently, we are currently in the process of acquiring …
New Jersey’s long-running attempt to open up sports betting and get around the provisions of the restrictive Professional and Amateur Sports Protection Act has suffered another defeat following a decision by the Philadelphia-based Third US Circuit Court of Appeals this week to uphold PASPA’s ban on all sports betting except for four states (see previous …
Data content provider SIS has appointed Nigel Stocks as chief financial officer replacing Jeremy Rudd. Stocks joins the company having served as group chief financial officer for health club business Jatomi Fitness Group for the past four years. “Nigel’s experience in contributing to strategic change and international expansion will be critical to SIS over the …
MyClubBetting.com will launch a new sportsbook developed by FSB Technology (UK) Ltd (FSB). The FSB sportsbook, providing a number of sports, both pre-match and in-play, including their UK horse racing product, will be offered by MyClubBetting.com as a white label solution to sports clubs throughout the UK. MyClubBetting.com will be able to create a bespoke …
Malta-headquartered Yggdrasil Gaming has had an eventful first half 2015 with the launch of its HMTL5 framework, iSENSE 2.0 and its first progressive jackpot “Joker Millions” along with the opening of a new office in Poland, amid other notable developments. In an H1/2015 update, the company said it had signed 11 agreements in total including …
In its first quarterly report for fiscal year 2016, Betfair posted a 15 percent rise in group revenue along with impressive mobile results. Key performance indicators for the three month period ending July 31, 2015 include: – Group Revenue up 15 percent to GBP 135.4 million despite the comparative period containing the World Cup – …
On the back of a possible merger announcement with Betfair , Paddy Power plc has reported a 33 percent rise in operating profit for the six months ended June 30, 2015. Key group performance highlights include: – Operating profit growth of 33 percent to Euro 80 million, or 68 percent before Euro 32 million in …
Paddy Power and Betfair have announced a “possible merger” agreement saying on completion the combined group would be known as Paddy Power Betfair. The boards of the two industry giants have reached an agreement in principle on the key terms of a merger which would create “one of the world’s largest public online betting and …
Virtual sports provider Inspired will launch a multi-viewer solution powered by Microgame enabling it to run concurrent virtual sports channels from a single PC, instead of one PC per channel, in its locations in Italy. The multi-viewer system will enable Microgame to benefit from incremental virtuals revenues along with reduced hardware and maintenance costs. Through …
Bookmaker Coral has launched its newest game title “Jokers Gold” on mobile and desktop, its third developed by in-house studio CR Games. The release is one of many exclusive, in-house developed titles set for launch in the near future and forms part of Coral’s growing omni-channel offer. Jokers Gold is a five-reel slot game with …