Online Casino News From Around the Globe

Macau Gambling Revenues Increase 12.5 Percent for Month of June
Jul05

Macau Gambling Revenues Increase 12.5 Percent for Month of June

The recovery of the largest gambling hub in the world Macau continues. Figures releases from the Gaming Inspection and Coordination Bureau reported that gross gaming revenues increased 12.5 percent year-on-year in Macau to reach $2.8 billion for the month of June. This represents the 23rd consecutive month of revenue growth after the much talked about Chinese crackdown on corruption that started in 2014. This 12.5 percent increase was however way lower than the 18 percent forecast by analysts which resulted in share prices of Sands China, Wynn Macau, Melco International and Galaxy Entertainment falling. While Macau has succeeded in stabilizing the gambling market and making the former Portuguese colony less dependent on gambling, they will face competition from Japan who have passed the integrated resort implementation bill in the country’s lower house. All that is required is for the legislation to pass the upper house and this would result in legalization of regulated casinos in...

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Delaware Casinos Reporting Good Returns On Sports Betting
Jul04

Delaware Casinos Reporting Good Returns On Sports Betting

While its early days still the sports betting market in the US has got off to a flying start. The state of Delaware was the first to offer legal sports betting outside Nevada with their three state approved casinos. According to figures released by the Delaware Lottery the sports betting handle has generated just over $7m in the first 20 days which is a very good start to what is expected to be a lucrative market. As we reported Delaware already had legislation in place for the legalization of sports betting which enabled them to be the first US state outside of Nevada to offer sports betting. According to the figures released the three state operators held $1m of the $7m wagered which represents a win rate way above the average 5% reported by most books. Delaware’s Lottery’s parlay sports betting offering which is powered by Scientific Games took in $125k from vendor fees from these winnings. Following them were Dover Downs Hotel & Casino and Harrington Raceway that accounted for $1.18m and $590k...

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Bet365 Enters US Sports Betting Market With Hard Rock AC Casino
Jul03

Bet365 Enters US Sports Betting Market With Hard Rock AC Casino

Following other international gambling operators. Bet365 has become the latest to stake their clam in the New Jersey sport betting market. It was confirmed that they have entered into an agreement to launch a sports betting service with the Hard Rock Casino in New Jersey. The New Jersey Division of Gaming Enforcement has approved a request between bet365 and Hard rock Casino which will come into play on July 21. This partnership comes less than 2 months after the landmark US Supreme Court decision that opened the doors for New Jersey to operate sports betting within the state. As we have reported the list of operators already in the process of entering the US market is growing by the day. These include DFS giant DraftKings who signed an agreement with the resorts Casino and William Hill who will partner with Ocean Resorts. The new sports betting market in New Jersey is a welcome relief after years of problems that led to Atlantic City closing down may of their casinos. The situation now is one few expected in that major global gambling companies are tripping over each other in order to get a foothold in the New Jersey market. The potential revenues for casinos with sports betting are huge and it comes as no surprise that the biggest and most trusted operators are signing...

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Playtech Share Price Plummets Due To Second Profit Warning For 2018
Jul02

Playtech Share Price Plummets Due To Second Profit Warning For 2018

Playtech have issued a second profit warning for 2018 which resulted in the share price plummeting by 26 percent. The FTSE 250 gambling giant said in a trading statement that they expect their revenues from Asia in 2018 to be €70m lower than previously predicted. The main reason for their Asian woes continues to be the continued crackdown of gambling syndicates in Malaysia and increased competition in China. This decrease in revenues will affect the company revenues as Asia is estimated to make up around 40 percent of Playtech’s revenues. Playtech went on to say that overall revenues for H1 were broadly in line with expectations. This was assisted by increase activity due to FIFA World Cup as well as a strong presence in Italy. Excluding Asia daily average revenues for the year to date were up 7 percent from last year. CEO Mor Weizer said,” Clearly the recent trading performance in Asia is disappointing. We have taken steps to further support our partners in the region and we will continue to work to preserve our position in the face of an increasingly competitive environment.” On the positive side Weizer emphasized Playtech growth in regulated markets and even mentioned possible opportunities arising in the US following the PASPA Supreme Court...

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Lottoland Defiant Down Under Despite Synthetic Lotteries Been Banned
Jun28

Lottoland Defiant Down Under Despite Synthetic Lotteries Been Banned

We have reported extensively on the attempts to get synthetic lotteries like Lottoland banned down under.  The media and marketing campaigns both from Lottoland’s side and from their competition has been as dirty as it gets. The stakes are high as Lottoland is seen as a major disruptive force to existing lottery operators in Australia. One of the main objections to “synthetic lotteries” has been the simple fact that they are cannibalizing the traditional lottery market without having to give back a single penny. The money generated for good causes by lottery companies simply does not apply to Lottoland and this is resulting is a direct loss for communities who rely on good causes revenues to fund many social economic projects. The proposed laws that are aimed at banning Lottoland have beeen passed in the federal parliament. This has left the Gibraltar-based seemingly with no options remaining to continue operations down under. However Lottoland CEO Luke Brill was defiant and said that the company “well advanced” in finding alternative ways to continue offering their services to their 700,000 strong customer based. He also pointed out that the changes will only come into play in 2019 leaving plenty time to find a solution. He went on to say,” We are here to stay and We will continue to innovate and adapt so that we can continue to provide our customers with the type of exciting and innovative products they have come to expect from us over the past two...

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