Online Casino News From Around the Globe

UK Gambling Commission Release Latest Industry Figures
Jun30

UK Gambling Commission Release Latest Industry Figures

The UK is one of the most regulated gambling markets and it is always informative to see how this important market operates. The UK Gambling Commission has just released the latest figures for the period between April 2012 and March 2013. One of the more surprising findings was that the majority of non- remote companies still hold the lion’s share if the UK gambling market. The British Gambling Industry is enjoying boom times as they generated almost £6.7 billion in the period between October 2012 and September 2013. This represents an increase if about £252 million form the previous period of April 2012 to March 2013. As we mentioned the non-remote form of gambling makes up 48 percent of the gross gambling yield (GGY) with £3.3 billion generated. Those supporting gambling often cite the employment the industry creates. Based on this latest report 104,127 people were employed across the industry which is a decrease of 3 percent form the previous reporting period. Growth in GGY can be seen in the casino, betting, remote and lotteries sectors. The only sectors reporting a decrease in GGY were the bingo and arcade sectors. In terms of Licensed Betting Offices (LBO’s), they have declined by 45 from the previous reporting period. Despite remote operators still playing second fiddle to land operators, GGY from remote companies jumped by £127 million compared with the same period. GGY is now almost double the £632.2 million generated back in the period between April 2009 to March...

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The Closing Of Caesars Showboat Casino Could Benefit Atlantic City
Jun29

The Closing Of Caesars Showboat Casino Could Benefit Atlantic City

The online gambling debate in the U.S. has heated up in the last six months both from within the industry itself and from outsiders. The most powerful and damaging opponent to online gambling expansion is without a doubt that of casino mogul Sheldon Adelson. One of his main arguments in favor of banning online gambling is the fact that it will cannibalize the casino industry.  Simply put many will gamble online instead of visiting the land and brick casinos. There is little debate that the casino pie is getting smaller with the market base not growing quick enough to sustain new casinos. While this is leading to many casinos closing down there are those who see this as a positive as the industry needs to ensure they remain lean and mean and get rid of under performing casinos. Atlantic City has seen a major downturn in revenues from the $5.3 billion in 2006 to only $2.86 billion in 2013. The latest casino to close is that of the Showboat casino which belongs to Caesars. This means that out of the 12 casinos operating at the beginning of the year there may well be only nine left as the Atlantic Club is dead and the Revel is set to close if a buyer is not found. While some only see doom and gloom in the struggling Atlantic City casino economy, there are voices pointing out the possible positive effects a downsizing could have. One such voice is that of Mayor Don Guardian who believes that Atlantic City has to come to grips with the fact that they are not merely a gambling destination but rather a “multi-faceted” destination of which betting plays a part. He went on to say,” There is pain as we go through this transition, but it’s critical for Atlantic City to realize we are no longer the monopoly of gaming on the east coast. If you build more and more casinos and don’t increase the amount of people coming to them, you’re sharing that wealth. We’re just going through a very difficult time.” Even many financial analysts like Fitch Ratings believe there is an upside in the shutdown of non-performing casinos. In a statement the company said,” The closure makes financial sense for Caesars and is a positive for the oversupplied Atlantic City market. Caesars will likely recapture most of the Showboat customers at its three other resorts in Atlantic...

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888poker Terminates Sponsorship Deal With Luis Suarez
Jun27

888poker Terminates Sponsorship Deal With Luis Suarez

Uruguay striker Luis Suarez has been dealt another blow after his biting incident with Italian player Giorgio Chiellini. Besides receiving the longest ban ever imposed at a World Cup by FIFA, Poker brand 888 has decided to cancel their sponsorship deal with the Liverpool striker who was one of 888’s brand ambassadors last month. In a statement on Friday 888poker said,” 888poker signed Luis Suarez following a fantastic season for which his achievements were widely recognized. Regrettably, following his actions during Uruguay’s World Cup match against Italy on Tuesday, 888poker has decided to terminate its relationship with Luis Suarez with immediate effect.” For Suarez biting is part of his unique “skills”and many were calling for him to receive the harshest punishment. Despite attempting to deny it was intentional Italian Defender Chiellini pulled down his shirt to show the impressive bite marks Suarez left on his shoulder. The exit of Suarez could cost Uruguay heavily as they will miss the Liverpool striker’s skills in the decisive stages of the World...

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Bwin.Party Again Forced To Deny Rumors Of Possible Sale
Jun26

Bwin.Party Again Forced To Deny Rumors Of Possible Sale

Online gaming company bwin.party is no stranger to controversy and is often a victim of the rumor mill. The strangest rumor was last year when there were reports surfacing that Google themselves might be interested in purchasing bwin.party before online gambling launched in November in New Jersey. Bwin.Party’;s financial situation has con under fire in the last year. We have reported on their controversial pullout from 18 gray markets in an effort to focus on regulated markets. They also planned to focus heavily on the expanding U.S. Online market which is undergoing dramatic changes especially in the state of New Jersey. Amaya’s acquisition of PokerStars is a major blow for bwin.party as it means that the online poker pie has just got a lot smaller with more people looking to get a piece. With this background there are rumors floating around again that bwin.party is considering breaking up part of their business in order to help their shareholder value. The reports are that Deutsche Bank has been hired to explore the partial or complete sale of the company. In a statement just released bwin.party have said that “there are no plans to break up or sell the company.” Bwin.party’s share price was up 4 percent after rising as high as 11 percent. Of course Bwin.party’s reaction to the rumors sound exactly like those of Amaya Gaming when asked about the acquisition of PokerStars. There as well the share price has skyrocketed since the confirmation. With reputable publications like Bloomberg reporting on the possible sale, it is more than likely that where there is smoke there is fire. Anyone looking for a good bet should purchase bwin.party shares before trading is...

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NetEnt Games To Be Available In William Hill’s Licensed Betting Offices
Jun25

NetEnt Games To Be Available In William Hill’s Licensed Betting Offices

The largest UK bookmaker William Hill has just signed a groundbreaking agreement with Swedish based online gambling software operator NetEnt. This marks the first land based partnership for NetEnt and will enable NetEnt’s games to be available on over 2,300 of William Hill’s licensed betting offices across the UK. This new agreement will complement NetEnt’s existing online partnership with William Hill. Chief of Global marketing operations and managing director of Net Entertainment, Bjorn Krantz commented on the partnership,” This is a big step and a milestone for Net Entertainment. Net Entertainment is one of Europe’s largest suppliers of online casino games and we are very excited to have been given the trust, and confidence to extend our delivery commitment to William Hill now also covering the retail part of their business. The deal will allow Net Entertainment to maximize its distribution reach through William Hill’s major channels which includes retail, online and...

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