Online Casino News From Around the Globe

Amaya Gaming Rumored To Be Looking At DraftDay Acquisition
Apr30

Amaya Gaming Rumored To Be Looking At DraftDay Acquisition

When it comes to rumors and Amaya Gaming one would be foolish to ignore them. We reported on such rumors last year on their planned acquisition of Rational Group, the parent company of PokerStars and Full Tilt Poker. At the time they were denied for weeks until it turned out they were true. The latest rumors making the rounds this week seem to have legitimacy as there is speculation that Amaya Gaming are set to acquire DraftDay a daily fantasy sports site. Amaya Gaming have made no attempt to hide their intentions of expanding their reach into other markets besides their core poker business and one of the hottest areas in the gaming world today is that of daily fantasy sports betting. Currently the majority market share still lies in the hands of DraftKings and FandDuel who continue to purchase as much branding deals as possible with just about every major sporting body. A report in eGaming Review quotes the owners of DraftDay MGT Capital Investments as saying,” In recent weeks, MGT has communicated with several parties expressing interest in a potential investment or purchase of DraftDay. The company is reviewing multiple indications of interest in an effort to create maximum value from DraftDay’s position as the third largest daily fantasy site.” According to the report MGT are looking for about $10 million for DraftDay as well as retaining a 20% stake in the...

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Online Poker Supporters Get Major Boost in California
Apr28

Online Poker Supporters Get Major Boost in California

The ongoing debate over legalizing online poker in the state of California has taken a step forward for the supporters of such legislation. Sponsored by Assembly member Adam Gray the Assembly Government Organization Committee (GO) has voted unanimously in favor of advancing AB 431. The efforts to push for legislation in California that would allow the likes of PokerStars and Indian tribes to offer legal online poker has been hindered by  infighting and disagreements with interested parties. The latest development is significant as it is the first time that a potential law has been passed on to move on in the legislative process. The big winners here are the Amaya Coalition who represent the likes of PokerStars and Full Tilt Poker as well as tribal organizations. California could well become one of the most lucrative online poker regions in the U.S. and beyond given the size of its economy. A spokesman for the Amya Coalition expressed their delight at the developments and said,” Today’s passage of AB 431 (Gray) out of the Assembly Governmental Organization Committee represents a milestone for authorizing online poker in California. While this is just the first step in what will be a long process, it’s still important. Never before has an online poker bill had anything more than an informational hearing, much less been voted upon and passed out of committee.” The spokesman was optimistic as 2015 has proved productive for efforts aimed at legalizing online poker in California. He said,” So far, 2015 is different. Hard lines and tough talk have morphed into open minds and dialogue. The vote today underscores the momentum building to help ensure that California finally passes iPoker...

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Playtech Release Excellent First Quarter Results for 2015
Apr27

Playtech Release Excellent First Quarter Results for 2015

Playtech have just released their Q1 revenues and according to CFO Ron Hoffman the results are the best quarter that Playtech has ever delivered. It also marks the 15th quarter in a row that they have achieved double digit revenue growth. Revenues for Q1 were up 31% from the same period in 2014 to reach €135 million and which was up from the €102.7 million in 2014. Even better was the fact that the amount achieved in the first quarter of 2015 was up 7% on the final quarter of 2014. Playtech’s largest vertical Casino grew by 28% from the same period last year and was driven by organic growth and new business. The mobile casino doubled against the same period in 2013 and now represents 13% of the overall casino activity. Land based revenues tripled from the same quarter in 2014 with sports growing by 31%. This was driven largely by mobile activity in the UK with partners like Paddy Power, Gala Coral and Ladbrokes. Following their acquisition of Yoyo Games and TradeFX, cash and cash equivalents were €700 million. Looking ahead for Q2 of 2015, the signs are good as already the average daily revenues for the first 25 days of April are already up by 25% from Q2 in 2014. CEO Mor Weizer commented on the strong Q1 performance,” Playtech has seen a strong start to 2015 with continued execution against our strategy which has delivered both on an operational and financial basis. We have signed new licensees, furthered our relationship with existing licensees and continued to lead industry innovation, including launching an app for the Apple Watch on the day it was released, and saw further progress with Playtech ONE initiatives.” He went on to comment on their strategic acquisitions,” We also announced two important strategic transactions with the acquisition of TradeFX, an online CFDs and binary options broker and trading platform provider which is highly complementary to Playtech’s existing business and Yoyo Games, enhancing our social gaming offering.” Weizer was confident that their growth streak will continue in 2015 and beyond,” “The strong start we have made to the year, together with the progress we continue to make in all aspects of the business both on an organic and inorganic basis, gives me great confidence in our ability to deliver strong growth in 2015 and...

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BitPlay Officially Launches Mobile Game Network With Bitcoins Up For Grabs
Apr25

BitPlay Officially Launches Mobile Game Network With Bitcoins Up For Grabs

The verdict is still out on the elusive cryptocurrency Bitcoin. Having suffered a lot of setbacks in the last few years, many are still skeptical as to the staying power of a digital currency. The volatility of Bitcoin has been well documented by our team and has seen the currency trade as high as $1000. Whatever you may think about cryptocurrencies the untapped potential is still a major factor that attracts both speculators and innovators to this digital world. One such player is BitPlay Today which is a Boston based startup founded this year. The CEO Christopher Hasset is no stranger to the gaming world and was former CEO of casual gaming company Uproar who had achieved over $60m in revenues annually prior to being sold to Vivendi Universal. BitPlay Today’s philosophy is simple in that they aim to “drive mainstream adoption of Bitcoin and micro-transactions globally. They claim to have come up with the first completive mobile gaming network where players compete to win Bitcoin currency. They offer free tournament where players get to go head-to-head against each other via apps that can be downloaded from the Google app store. They also offer a PRO version of their apps where the Bitcoin prizes on offer are much higher and players get to compete for them via their website. Currently BitPlay have launched three Android games – Coin Crusher, Coin Flapper and Coin Flapper PRO. Both Coin Crusher and Coin Flapper have been available in beta since November 2014 while Coin Flapper PRO has just been launched. CEO Hasset commented on the fact that they have seen over a million games played per week during beta testing. He said,” Given the usage we’ve seen during our initial beta period alone, our two games are awarding more Bitcoin in more micro-transactions on a daily basis than any other mobile application in the world. As a company based upon the Bitcoin economy, we’re using games to make it easier for mainstream consumers to acquire Bitcoin using the micro-transactions approach. Micro-transactions, along with its global and certified transactional capabilities, are two core strengths of the Bitcoin technology that make the BitPlay Network a compelling and unique new gaming...

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FanDuel Signs Multi-Year Sponsorship Deals With 15 NFL Teams
Apr23

FanDuel Signs Multi-Year Sponsorship Deals With 15 NFL Teams

The speed at which daily fantasy sports betting is growing recently prompted DraftKings CEO Jason Robbins to compare it to a rocket ship instead of the expected jet plane. One of the more surprising developments in this market is the recent changes of the pro leagues like the NFL, MBL and NBA. Both DraftKings and FanDuel have been signing new deals with just about every major sporting franchise they can throw their money at. Major leagues can no longer turn down multi-million dollar deals with DraftKings and FanDuel as it is clear to everyone that in practice real money sports betting is taking place irrespective if it is legal or not. FanDuel have just announced multi-year sponsorship deals with 15 NFL teams which is a major coup for them as the NFL has been wary of endorsing daily fantasy sports betting. CEO of FanDuel Nigel Eccles expressed his delight and surprise at the new deal,” “It’s amazing. It’s surprised us how quickly everything has moved.” FanDuel’s deal with the 15 NFL teams include radio and digital advertising, stadium signage along with other promotions. There are however restrictions that include similar limitations placed on advertising deals with casinos. These include restrictions on NFL logos not being allowed in FanDuel’s advertisements or on the FanDuel Website. NFL Spokesman Brian McCarthy explained the restrictions in that,”daily fantasy marketplace is in its infancy.” The sporting leagues are well aware that the younger audience which they are chasing are highly engaged in fantasy sports and mobile devices. Added to that are real money cash prizes and you have a engaged fanbase taking an increased interest in the games. The fact that Walt Disney who owns ESPN have invested $250 million in DraftKings is a telling indicator as to just how big daily fantasy sports betting is. To add to the hype Yahoo recently announced they will be entering the daily fantasy sports market and will be competing directly with FanDuel and...

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