Gambling News Archive

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Preference For Online Gambling Impacts Australian Industry

New study shows that demand for online gambling in Australia is slowing growth in racing and sports betting A new study of the Australian gambling market by IBISWorld shows that online gambling may be impacting the growth rate of traditional betting on sports and racing. Revenue growth in Australia's horse and retail sports betting industry in the five years through to 2014-2015 has been at a compound average annual rate of 2 percent, reaching $3.6 billion, indicating that growth in

By Casinomeister Nov 14, 2014

Quickfire Poker Operator Joins M.p.n.

Armenian enterprise the second Quickfire operator to join Microgaming's network Microgaming has announced the addition to its MPN online poker network of a second Quickfire operator, iGames.am registered in Armenia. Quickfire Poker is the MPN's entry level poker product, built with a quick and easy integration in mind in Flash and HTML5 formats. iGames is a relatively new but fast-growing entrant to the e-gaming world, licenced in Armenia and targeting the local Armenian market. The operator launched in March 2014

By Casinomeister Nov 14, 2014

Red Faces Following Indonesian Police Raid

Fracas at non-gambling company premises Indonesian police officers from the Yogyakarta station created a major furore Monday when they acted hastily following mistaken public complaints that online gambling was occurring on a business premises. Certainly there were non-gambling mobile games under development at the premises, owned by Gameloft, when undercover police arrived to inspect the office… without a warrant. When security guards resisted, violence reportedly ensued and the plainclothes police team withdrew, later to be replaced by a second group

By Casinomeister Nov 14, 2014

Revenues Up But Losses Widen At Agtech

Share-based compensation costs and other expenses more than double losses Investors in Chinese lottery services and games provider AGTech will have mixed feelings on its latest results, which showcase significant increases in revenues but widening losses due to share-based compensation costs and other expenses. Nevertheless, Management remains confident that the outlook is positive for the company, according to a company statement Wednesday. Third quarter revenues soared to $53.13 million (Q3-2013: $22.37 million) but losses widened to $48.3 million from $22.2

By Casinomeister Nov 14, 2014

S.a. Minister Lays Out Intentions On National Gambling Board (update)

Board to be removed and replaced with a CEO Responding to questions from the official Opposition Tuesday, South Africa's Minister of Trade and Industry, Rob Davies, laid out his plan for the currently suspended National Gambling Board. The Board was suspended two months ago amid allegations of maladministration, corruption, wasteful spending, intimidation and the destruction of evidence (see previous InfoPowa reports). A forensic investigation is currently ongoing into the manner in which the Board was managed. Davies said that he

By Casinomeister Nov 14, 2014

Snai Report Flagging 9m Financials

Online casino gaming and horse racing revenues dip Italian operator SNAI reported a mixed performance in terms of its nine months to September 30, 2014 period saying strong results from VLTs and the introduction of virtual sports betting partially offset a decrease in revenues from horse race betting. Key financial highlights for the first nine months of the year ending September 30, 2014 include: - Revenues amounting to Euro 393.9 million, up 11.8 percent - EBITDA at Euro 81.2 million,

By Casinomeister Nov 14, 2014

Sportech Issues Trading Update

Good progress in i-gaming, but a dip on the racing front Online and land gambling group Sportech plc issued a trading update Tuesday covering the period 22 August to . Management reported: * Trading in the Football Pools vertical is performing in line with expectations; * Performance of in the company's Venues and Racing and Digital divisions has been impacted by a reduction in amounts wagered in Connecticut and across the US racing industry, but due to a reduced net

By Casinomeister Nov 14, 2014

Teething Problems For Pokerstars U.k. Switch

Changes to comply with new UK point-of-consumption law marred by software glitches Brit online poker players newly migrated to the Pokerstars UK site in compliance with the new point-of-consumption-based laws had the stressful experience of being booted out of tournaments this week and told: "We are sorry, PokerStars does not offer Real Money games in your area." Their concerns over legitimacy and refunds quickly found voice on the twoplustwo forum, but Pokerstars was quick to react with an assurance that

By Casinomeister Nov 14, 2014

Three Left Standing At Wsop Main Event (update)

European winner of 2014 WSOP Main Event Guaranteed A European player will emerge the 2014 World Series of Poker Main Event champion, as the table whittled down to three, Tuesday. The final three players still in contention comprise Dutch poker pro Jorryt van Hoof, Martin Jacobson from Sweden and Norwegian Felix Stephenson. van Hoof, who will become the first Dutch world poker champion in history should he emerge victorious, led the field in terms of chips for most of the

By Casinomeister Nov 14, 2014

Thrills And Superlenny Join Playtech Open Platform

More content for Nordic-facing brands Playtech plc has announced that Thrills.com and SuperLenny.com have signed up to its Open Platform, allowing both brands access to hundreds of games from more than 30 suppliers. Thrills and SuperLenny are both owned and operated by BetIt Operations licensed in Malta. The company has gone live with an initial 29 games that consist largely of in-house designed Playtech and Ash Gaming titles, and will look to add to its portfolio in the coming months.

By Casinomeister Nov 14, 2014

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