Fortuna Entertainment Group, a Central European fixed-odds betting operator, has announced its unaudited consolidated results for the first quarter of 2015, reporting: * Total amounts staked up by 20.2 percent to Euro 199.3 million * Total Gross Win up by 3.7 percent to Euro 35.4 million * Online operations a major contributor, with Sports Betting …
Despite a relatively positive first quarter in which revenues rose 9 percent to $183.3 million and net losses were reduced to $46.5 million, the troubled San Francisco-based social gaming giant Zynga has announced plans to cut staff numbers. The company says the cuts will save around $45 million a year and affect around 18 percent …
The Caesars Interactive Entertainment online subsidiary of Caesars Entertainment Corporation proved to be the star of the group’s diluted first quarter show this week, posting a stellar performance in social, mobile and online gambling operations. CIE achieved adjusted earnings of $62.6 million, a rise of 101.3 percent, whilst operating income boomed 666 percent to $40.6 …
The latest UK Gambling Commission Q1-2015 prevalence study indicates that participation in gambling has eased, falling 5 percentage points to 51 percent y-o-y, according to survey respondents asked whether they had gambled online in the last four weeks. The prevalence study is a regularly assessed and published yardstick of the gambling activity of British punters. …
In a wide-ranging interview on PBS Nevada television program “Ralston Reports”, billionaire land casino tycoon Steve Wynn talked about the Macau decline, his business ambitions and online gambling legalisation, along with healthcare and tax issues. In a brief comment Wynn, who at one time held talks on internet poker with Pokerstars (see previous reports) but …
Two examples of statements framed for a controversial Harper Polling survey on the acceptability of online gambling to 513 Pennsylvanians recently show how views can be skewed by the way in which pollsters frame their questions. It worked for Harpers, which was commissioned to carry out the survey by the Coalition to Stop Internet Gambling …
Online games developer NextGen’s latest game is Bingo Billions, an online slot with a bingo ball theme and rather monotonous sound track has been released. The game is a 5 reel, 25 pay-line slot with a pretty standard range of features that includes Scatters, re-triggering Free Spins, Multipliers and Bonus rounds.
Silver Goose 8, the Philippines gambling products developer and supplier which counts PAGCOR among its clients, has announced that it is currently acquiring operating gaming outlets in order to provide electronic casino games to the Philippines community. Silver Goose 8 products include online Casino, Sports, Binary Options, Keno and multi-player Poker, along with a portfolio …
Online gambling software provider Net Entertainment has previewed a new online slot titled Neon Staxx, a game with a retro styled theme that takes players back to 80’s with neon colours, predatory animal icons, cool vibes and a funky synthesizer soundtrack. The new game comes on a 5-reel 4-row platform with Free Spins, Scatter symbols, …
Peter Erskine, the chairman of the Ladbrokes online and land gambling group for the past six years, has announced his intention to step down this year, and will assist the company in finding a successor and ensuring an efficient transfer of authority. A search for his replacement is already underway, led by John Kelly, a …
A dedicated casino tab on the PokerStars.it website now offers real-money and play-for-fun casino games for the Italian market. PokerStars said multi-player social experiences will be at the forefront of the games on offer, with players able to play, chat and interact with other players. Casino games have a single-wallet integration allowing customers to play …
UK-based gaming developer 1X2Gaming has launched its latest title “Dark Thirst”, a 5-reel, 25-payline vampire-themed slot set deep in 19th century Transylvania. The obligatory garlic, holy cross and wooden stake feature throughout this vampire slaying release that offers a graveyard bonus round and a Big Win fire feature. The game will presumably make its way …
Bulgarian software provider Zeus Services has partnered BetConstruct for the provision of its portfolio of around 50 video slot and promotional games for distribution via BetConstruct’s Spring Platform. Vahe Baloulian, chief executive officer of BetConstruct commenting on the deal said: “When selecting content for our ever-growing library of games, BetConstruct focuses on providing growth opportunities …
The European Gaming and Betting Association welcomed the European Commission’s published strategy for a Digital Single Market today saying: ”The EU is in dire need of a proper framework to reap the benefits offered by new technologies that have fundamentally transformed our economies and consumer behaviour. “Today the European Commission published its much-anticipated strategy for …
The UK Advertising Standards Authority (ASA) ruled on a complaint concerning Profitable Play’s Jackpotjoy online bingo TV Ad this week, concluding that the ad had indeed breached ASA codes. Two complainants challenged whether the ad promoting ”Up to 10,000 jackpots every hour …” and “up to £10,000 every hour” was misleading as there were between …
Online gambling software developer Microgaming has announced that construction has officially begun on a new “state of the art” office building in Douglas, Isle of Man. The new 5-storey office building will sit adjacent to Microgaming’s existing office, MGS House, which also houses Derivco Isle of Man. Both buildings, joined by a tower walkway, will …
Las Vegas land casino billionaire Sheldon Adelson was again on the witness stand in a Nevada court room Tuesday as litigation on jurisdiction regarding the alleged unfair dismissal of his former Macau executive Steven Jacobs entered its fourth day , with media and Nevada regulators among the audience. Adelson was at times evasive and on …
Danish online gambling games developer Magnet Gaming has offered operators a sneak preview of its latest slot title, Auction Day ahead of a projected launch date of June this year. The three reel game, which boasts eight pay lines, is an interesting take on the popular antique- hunting theme, as featured in a number of …
The high profile problem gambler researcher from Australia’s Southern Cross University, Dr. Sally Gainsbury, has published scientifically based findings which give the lie to some of the wilder and unsubstantiated claims of politicians and organisations like the Coalition to Stop Internet Gambling that online gambling is a principal cause of addictive gambling. In her paper …
Dutch media reports indicate that the politicians are still debating tax levels as the legalisation date for online gambling approaches. Perhaps encouraged by an April report from regulator Kansspelautorieit (KSA) that there has been significant interest in licensing for Dutch online gambling operations, with over 200 operators in contact, Dutch legislators are reportedly showing renewed …
Figures released for the 2014 fiscal year by the Hellenic Gaming Commission (HGC) show a 9 percent increase in wagers placed amounting to Euro 5.9 billion. The rise in results break a five year drought affected by legal uncertainty, a tough economic environment and cash-strapped consumers. Despite the positive upswing, results remain markedly down from …
Online betting and gaming solutions provider SBTech expanded further in the Asian market following a deal with Gameplay Interactive for the provision of a localised sportsbook. Gameplay Interactive powers Asian-facing operations w88.com, m777.com, Vwin.com and Maxim among others, all of whom will have access to the integration of SBTech’s sportsbook tailored for the unique Asian …
U.S. gaming technology firm Gamblit Gaming has appointed Darion Lowenstein as chief marketing officer. Current chief marketing officer David Chang will move to the position of head of industry relations. The firm is in the process of transitioning into an operational company with two distinct marketing initiatives: revenue generation and industry outreach, a press statement …
Amaya Gaming Group’s newly formed spin-off Innova Gaming Group Inc. successfully completed an initial public offering (IPO) and a secondary offering of its common shares to begin trading on the Toronto Stock Exchange this week. Immediately prior to the completion of Innova’s I.P.O., the entity acquired all of the shares of Diamond Game Enterprises (DGE), …