Online Casino News From Around the Globe

Mobile Gaming Revenues Continue To Rise In 2014
Jan09

Mobile Gaming Revenues Continue To Rise In 2014

Apple’s launch of the first real smartphone in June 2007 has transformed the gambling industry. Before the mass introduction of sophisticated and affordable smartphones most gambling was done online with social casino games almost unheard of. It is safe to say that IGT’s acquisition of Double Down Interactive in 2012 for a whopping $500 million opened the doors to what is now one of the most lucrative and fastest growing sectors in the gaming world. Social casino games are free-to-play replicas of the real money version. They look and feel just like the real thing and have a two pronged purpose. Firstly to introduce a softer audience to casino games while at the same time preparing these players for a transition to the real money version in jurisdictions where it is legally possible to do so. The latest report from the industry tracking firm App Annie demonstrates just how popular social casino games have become, Players spent 55 percent more on iOS mobile casino games for the period of November 2013 to November 2014. Revenues from social casino games have consistently reported increases in revenues and this shows no signs of changing soon. Revenues for digital gambling are expected to reach over $100 billion by 2017 which is a lot more than the $21 billion in mobile revenues for 2014. According to App Annie revenues from card games were up 50 percent to $150 million while casino games saw a 55 percent increase to $100 million. On Google Play the revenue increases were even better with a 105 percent increase for casino and card games combined on year-over-year. Mobile gaming is replacing the traditional social networks like Facebook which were once the happy hunting grounds for the likes of Zynga who till this day are paying the price for not focusing more on mobile. The largest online poker company in the world, PokerStars saw over 50 percent of their Q3 new registrations come from mobile channels. All the major gaming companies are all too aware that an aggressive mobile strategy is essential if they want to grow their overall online gambling...

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Legal Sports Betting Could Be Worth 1 Trillion Dollars To NBA
Jan08

Legal Sports Betting Could Be Worth 1 Trillion Dollars To NBA

One of the most significant developments in the U.S. gambling legalization debate is coming from what technically is not legally defined as gambling. Fantasy sports betting for real money which has exploded in the U.S. due to the fact that it does not fall under the legal restrictions of gambling could well be the biggest story of 2015. While online gambling in the U.S. is at a standstill with only three states offering some sort of legalized gambling, the focus has been shifted to a much easier and potentially more lucrative way of providing a gambling alternative. We have focused heavily in the last year on the almost weekly developments in the daily fantasy sport betting market with DraftKings and FanDuel leading the way with hundreds of millions in yearly cash prizes on offer. The sports betting market is potentially worth up to a trillion dollars according to a report in Breibart Sports. The report cites a source from the NBA who believes that they league may well earn up to four times more from legal sports betting and its offshoots than that of their current television contracts. As we reported NBA Commissioner Adam Silver wrote an op-ed piece in the New York Times which caused a stir in November as he opened the door to the notion that legalized sports betting was inevitable. This was followed by an appeal to work in conjunction with the like of Gov. Chris Christie from New Jersey which had been on a legal crusade to make sports betting a legal option in the Garden State. Silver’s comments have gained further support from the likes of his predecessor, David Stern who told CNBC on Wednesday to “bring the sports leagues in.” Stern like many others believe that professional leagues like the NBA are losing billions to illegal sports betting and the NBA could enjoy these revenues if sports betting was legalized. Stern told CNBC,” If it’s going to happen, because it has happened anyway by Justice Department rulings and the like, you should make it legal and you should regulate it as tightly as you possibly...

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DraftKings Signs Partnership Agreement With Minnesota Timberwolves
Jan07

DraftKings Signs Partnership Agreement With Minnesota Timberwolves

With just about everyone having full access to any online media they choose to watch via their smartphones, many sporting franchises have realized that the days of simply selling tickets to fans is not enough to satisfy the current technological savvy audience. One of the main beneficiaries of mobile devices are the daily sports betting companies like DraftKings and FanDuel who want you to attend your favorite sport but also realize that if you have a personal stake in the outcome of the match you’re more likely to take an active role in the game itself. Major sporting leagues like the NBA, NHL and NFL are being forced to accept the simple reality that millions want to engage in legal fantasy sports betting options as part of their overall viewing experience. Last year saw multiple partnerships between major sporting franchises in hockey, basketball and football. DraftKings and FanDuel are of course the main players in this market and their desire to have their brand plastered on as many team franchises as possible has resulted in multiple partnerships. The latest partnership from DraftKings is with the Minnesota Timberwolves. In terms of the partnership DraftKings will introduce a new fan sweepstakes which will provide one winner four VIP tickets to a Timberwolves home game as well as transportation to and from the game. The agreement also included DraftKings digital courtside and basket signage for Wolves games in Target Center. They will also take part in the Wolves podcasts which covers the NBA and latest news from the Timberwolves. Senior VP of the Timberwolves, Ryan Tanje commented on the new partnership,” Fantasy sports gaming is a huge and rapidly growing industry and is something that many of our fans are interested and engaged in. This partnership and industry category opens up some great new opportunities to further connect and engage with our fans. DraftKings is our first partner from the fantasy sports industry, and we are proud to align our franchise with an organization that has such an incredible reach and customer base.” Co-founder of DraftKings Paul Liberman gave their side to their new partnership deal,” The Timberwolves have entered a new era as a team this year, and we definitely wanted to have DraftKings be a part of the growing excitement over what this team can accomplish moving forward, We want daily fantasy sports to engage and electrifying fans, and we’re looking forward to making that happen for Timberwolves fans by providing them with unique experiences and new ways to interact with the...

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Optimistic Forecasts For Online Poker In New Jersey 2015
Jan06

Optimistic Forecasts For Online Poker In New Jersey 2015

Anyone following the progress of online gambling in New Jersey would have to admit that the results of the first operation a year were way below expectations. The reasons for the dismal results are varied and include anything from banking issues to New Jersey simply not being big enough to operate as a viable online poker market. The closure of Atlantic City casinos last year was just another indication of just how difficult it is for the Garden State to operate a wide scale gambling market. Despite the apparent gloomy results on the ground there are always those pointing out the positive aspects of New Jersey’s first year as an online poker operator. Director of the New Jersey Division of Gaming Enforcement (DGE), David Rebuck is one such optimist and he fully expects things to improve in the next 12 months. Rebuck went on to state on the DGE website that New Jersey can hold their heads high in what they manages to achieve in their first full yarer of operations. He believes that despite the revenues falling way below forecasted expectations, the system is working from a regulatory standpoint with no major setbacks recorded. One of the main obstacles that do need attention this year according to Rebuck is the payment processing services. There are still online players who are having issues with certain credit and debit cards when making deposits. Rebuck said that the DGE has been in contact with the New Jersey Department of Banking and Insurance as well as the Office of the Comptroller of the Currency in an effort to solve this nagging issue. Other issues that will be looked at include multi-jurisdictional agreements which would allow a more viable player base to be created. The DGE has been in talks with the jurisdictions like Nevada and even the UK but have yet to enter into any formal compacts as of...

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FanDuel Strengthens Mobile Presence With New iPad App Release
Jan05

FanDuel Strengthens Mobile Presence With New iPad App Release

The largest one-day fantasy sports betting company FanDuel has made another significant move to cement their market share in the mobile sector. Following the launch of their first iPhone app in August they have just released their first iPad app today. The new app will enable the million+ FanDuel player base to enter and draft their teams for free leagues while at the same time enable live scoring during the games to track the progress of their rosters. FanDuel’s iPhone app release in August has been downloaded over 850,000 times with more than 50 percent of all the active users accessing live scores during the game. The iPhone app has been received excellently by users and has a five star ratings. FanDuel like any other forward thinking brand is all too aware of the importance of engaging their mobile audience. Their CPO, Tom Griffiths commented on their latest mobile iPad release,” As FanDuel’s user base has grown, we’ve seen widespread adoption of our mobile products by our users who are complementing the live sports experience by simultaneously watching their fantasy teams rack up points. There’s huge potential for us to become the definitive second screen for live sports, and we’re going to invest in and continue to deliver new products and platforms that make watching sports more exciting for fans across the country.” The battle over daily fantasy sports companies is fierce with FanDuel and DraftKings making up the largest market share of their competitive sector. Both FanDuel and DraftKings enjoyed the benefits of massive funding last year which they are using aggressively to capture as much of this lucrative sector as possible. FanDuel alone pays out over $10 million in prize money every week with buy-ins starting as low as $1 and payouts happening immediately after the game. The year 2015 is set to be hectic for all the major players as many are looking to fantasy sports betting as a much safer bet than real money gambling which is still largely restricted in the...

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