Online Casino News From Around the Globe

Playtech Poaches Sun Bingo Deal From Gamesys
Nov30

Playtech Poaches Sun Bingo Deal From Gamesys

Online gambling giant Playtech have had a disappointing time of late with their much talked about acquisition Plus500 falling through due to concerns expressed by the UK Financial Conduct Authority. However with so much spare cash floating around they apparently have been working in the background to expand their Virtue Fusion bingo network. The online gambling technology providers headed by controversial Israeli billionaire Tedi Sagi have managed to poach one on the largest and most popular online bingo services in the UK. They announced that they have signed a five year deal with Sun Bingo and Fabulous Bingo who fall under the UK subsidiary of Rupert Murdoch’s News Corp. This is quite a coup as Playtech succeeded in poaching the Sun’s online bingo platform from online gambling firm Gamesys. In terms of the deal Playtech will provide both sites with their Virtue Fusion bingo network by August 2016 and will add new titles for both mobile and desktop products. CEO of Gamesys Lee Fenton said that the split was amicable but this aggressive move by Playtech once again shows what their size and financial resources are capable of doing. CEO of Playtech Mor Weizer said,” The Playtech-powered Sun Bingo will use cutting-edge technology to offer best-performing and highly innovative bingo and side games, with fantastic promotions and prizes and the industry’s largest jackpots. This is a fantastic partnership that is aligned with our ongoing strategy of working with the best operators and media brands in regulated...

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Daily Fantasy Margins Continue To Decline
Nov29

Daily Fantasy Margins Continue To Decline

The steady decline in daily fantasy sports continues as DFS operators DraftKings and FanDuel recorded their seventh consecutive week of declining participation. The reasons for the decline in DFS activity are obvious for anyone following mainstream media. The legal battle on New York headed by Attorney General Eric Schneiderman has had an impact particularly on FanDuel who have adhered to Schneiderman’s call to cease and desist from taking players from New York. According to DFS data specialists SuperLobby.com both DraftKings and FanDuel dropped around 7% from the previous week in week 12 of the NFL season. FanDuel reported a 7% drop prom the previous week with guaranteed prize pools (GPP) reaching $21.8m from total entry fees. Their withdrawal from New York gave them a margin of around 10.04%. DraftKings also saw a 7% drop in GPP fees from the previous week. However their margins dropped by 1.6 points on a week-by-week basis. The lower revenues resulted in DraftKings lowering its guarantee of its marquee football contest by $1m. Not much movement for Yahoo with their DFS offering as their GPP fees remained almost the same as the previous week with $860,955. Margins for Yahoo were positive at 2.6%. With a decision expected soon on New York, it remains to be seen if DraftKings and Yahoo‘s decision to continue operating in New York despite legal questions will...

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Dutch Online Gambling Market Could Be Worth €1 Billion Annually
Nov28

Dutch Online Gambling Market Could Be Worth €1 Billion Annually

We reported recently on the Dutch parliament moving towards passing an online bill that would offer regulated online sports betting. As it stands online gambling is illegal in the Netherlands but many offshore operators continue to offer their services. With the expected online gambling regime set to come into play sometime in 2017, the proponents for online gambling are looking to size up the Dutch Market. A survey conducted by Motivaction on behalf of land based operator Holland Casino gives some interesting insights into this market. One of course has to take the data released with a skeptical eye but nonetheless it does make for interesting reading. According to the survey up to 1.5 million Dutch people gamble online while spending an average of €26 per month. This over a year works out to be around €500m which is considerably more than some thought. About 700k Dutch gamblers play games that include bingo, roulette, blackjack and sports betting online three times a year and around 800k play these games four times or more. Motivaction points out an interesting figure in neighboring Denmark whose population is around a third of the Netherlands. In the first nine months of 2015 Danish online gambling revenues was around €338m. Given the size of the Netherlands there is a case to be made that the Dutch online market could be worth in the region of €1...

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UK Gambling Commission Releases Latest Figures
Nov26

UK Gambling Commission Releases Latest Figures

The UK is considered one of the most regulated gaming markets and as such it is always interesting to follow its progress. The UK Gambling Commission released statistics that covered gaming activity for the period between April 2014 and March 2015. This is interesting data as it includes statistics on the UK online gambling market that as of November 01 last year had to comply with new regulations including the requirement of a UKGC license. While the figures only include five months of the new regime, it does offer insights into the size of the UK gambling market. In the five months total GGY (gross gaming yield) amounted to £1.45 billion which was more than the £1.1 billion generated in 12 months by UK-licensed operators. For the five months total betting turnover amounted to £13.8 billion. Online casinos made up £834m of GGU in the five moth period with betting making up £528m. The largest online betting sport was football with revenues of £168m followed by horseracing with £128m. Offline gambling generated £5.4 billion in GGY for the 12 months period with gain due mostly to the betting sector, In terms of job creation over 104,869 people were employed across the industry. Growth in the non-remote sector was up 4.5% to (£50m). On large society lotteries were up 18%.The non-remote sector recorded a 2% increase year-on-year. A full year’s data report on online gambling will be published in June...

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New York Judge Promising Quick Decision In DFS Case
Nov25

New York Judge Promising Quick Decision In DFS Case

The legal battle between DraftKings and FanDuel on the one side and NY Attorney General Eric Schneiderman on the other hand is one of the most anticipated cases in memory in the gaming industry. Most believe that the outcome of the New York decision will have a serious impact for good or for bad on the future of daily fantasy sports who up till recently were given free rein to operate unhindered based on the assumption that they were skill based. As we have reported extensively until two months ago both DraftKings and FanDuel were sailing along with ease and had investors lining up to get a piece of the DFS pie. However the scandals sparked off by Ethan Haskell and the subsequent federal inquires have put a halt to any attempts to raise additional funds until there is absolute clarity as to the legal status of DFS. DraftKings and FanDuel have had to join forces to fight Schneiderman and have employed high profile attorneys to fight the AG. On Wednesday Judge Manuel Mendez who is handling the case announced that he expects a decision in the next few weeks as to whether FanDuel and DraftKings will be allowed to operate in New York. Spokesman for Schneiderman Damien LaVera said,” We were glad to have the opportunity to make our case to the court that DraftKings and FanDuel are operating illegal gambling operations in clear violation of the law, and we await the judge’s decision.” An interesting twist in the plot came when Schneiderman’s reps reportedly acknowledged the legality of season long fantasy contests but not daily fantasy contests which got many asking what the logic of that...

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