Online Casino News From Around the Globe

DraftKings Set To Increase Staff and Double Office Space
Jan12

DraftKings Set To Increase Staff and Double Office Space

Daily Fantasy giant DraftKings has announced they will be expanding. In a statement on Thursday the Boston-based DFS company said they will hire an additional 300 workers by mid-2018 which will bring their workforce to nearly 700 strong.  In addition they announced they will be moving their office to Boston’s Back Bay neighborhood and will increase their current location by almost double. The move is planned for early 2019 and cements its position as the current leader in the DFS market. This latest move by DraftKings is interesting and begs the question if they are really in a position that they need to expand or merely attempting to portray themselves as a company set to return to their glory days. In an interview with the Boston Business Journal, CEO of DraftKings Jason Robins said that their new offices and personal additions are a sign that they were putting their money where their mouth is as they expect DraftKings to significantly grow over the next few years. Perception is everything and DraftKings are going out of their way to exude optimism and make as statement that they are the forerunners in the DFS market. Their once fierce rivals FanDuel have without a doubt suffered major setbacks in with former founder and CEO Nigel Eccles departing the company amid reports of huge losses. It remains to be seen if DraftKings are indeed going to record real growth based on revenues and not just the hype they are used to...

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Italian Online Gambling Betting Revenues Increase By 60 Percent In 2017
Jan11

Italian Online Gambling Betting Revenues Increase By 60 Percent In 2017

The Italian online gaming market showed record performances in 2017 and accounted for over half of betting wagers. Italian Sports bettors wagered a record €9.9 billion in 2017 which was up from €7.5b in 2016 and almost double the €5.5b in 2015. Just over half of the betting handle (56%) was wagered via Italian licenced online betting sites. Factors adding to the increase in numbers was  SERIE A marches that for the first time were staged in the holiday season. Added to that was the final month of 2017 which saw the latest payout ratio for the entire year which only reached 75.5%. Sports betting for locally licenced operators reached €1.34 billion which was up 44.5% year-on-year. Online betting revenues increases by almost 60 percent to €555.6 million.  The top overall sports performer was British Operator Bet365 who made up 31.6 percent of the revenues followed by SK365 with 7.5%. The casino vertical performed excellently in December with revenues jumping over a quarter year-on-year to €56.4m. Revenues for the whole of 2017 jumped by 29.2% to €567m with Lottomatica taking the lion’s hare of the market with 9.7% , followed by Sisal with 8.5% and Stars Group’s PokerStars...

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Yggdrasil Looks To Gamify Table Games Market With New REDUX Technology
Jan10

Yggdrasil Looks To Gamify Table Games Market With New REDUX Technology

Yggdrasil Gaming are known for innovation in the gaming sector. Backed by Cherry Games they are considered one the fastest growing game vendors in the competitive casino market. Their ability to add gamification tools to their games have made them a player and operator favorite. Their latest  innovation comes to the table games vertical where they hope to change the way we approach this sector. They are developing multiplayer table games using their in-house technology REDUX that will feature sidebets and a range of powers available to each dealer. The first game to go live will be Blackjack with Baccarat and Roulette to follow. REDUX combines the best aspects of both live and RNG casino by providing a platform that fully immerses players into a 3D environment that allows feature motion capture technology to model the movements of the dealer. These movements will include facial expressions to interact with the player. CPO of Yggdrasil Krzysztof Opałka said” Our table games provision, starting with Blackjack, is set to break new ground in online casino gaming. The table games vertical has been fairly static in recent years. But our product’s combination of social interaction and high-end playability is unlike any other currently on the market. It won’t just be a single player trying to beat the house, but instead thousands of real players from all over the world, who are all able to join the game simultaneously with the aim of hitting big hands and bigger wins. We have a packed roadmap of innovative new games and features. Our aim is to innovate table games in a similar fashion to slots, where a constant product cycle of new variations built on familiar mechanics drives growth.” The first operator set to go live with this new product is JackpotJoy whose Group Head of Gaming Victor Olinger said,” Yggdrasil is a well-known name across the industry that has become a byword for innovation in the slots sector. It is fantastic news to hear they are turning their attention to table games. It is a major coup to be the first operator to go live with Yggdrasil’s table games, and we look forward to bringing this exciting new product to our full customer base this year.” REDUX is an addition to Yggdrasil’s other gamification tools such as BOOST and...

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Novomatic Follow Rivals Merkur By Exiting German Online Gambling Market
Jan09

Novomatic Follow Rivals Merkur By Exiting German Online Gambling Market

The uncertain legal framework for online gambling in Germany has forced another major player to exit the online space. Austria- based gaming equipment giant Novomatic announced they have exited the online gaming market in Germany. In a statement Novomatic said that there were online operators in Germany that were illegally offering Novomatic Digital products without having received permission from them to do so. In addition thy called for greater clarity from the German authorities regarding the legality of online gambling. This latest move follows Novomatic’s shelving of their planned 5 billion Euro IPO due to the unclear regulations on the land-based gaming halls in Germany. Germany is Novomatic’s most important market and there is no way they would risk their entire operation for the 2.4 percent revenues that come front the online and mobile gaming sector. Total revenues for Novomatic rose 11.3% year-on-year to  EUR1.22 billion which was attributed largely to their growth of their slot machines. Currently Novomatic operates over 260,000 VLT’s and gaming terminal globally. Novomatic’s exit of Germany follows that of rival Gauselmann Group which also ordered all German online casinos from offering slots from their subsidiary Merkur...

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Scientific Games Completes NYX Gaming Acquisition
Jan08

Scientific Games Completes NYX Gaming Acquisition

The acquisition of NYX Gaming by US gaming technology provider Scientific Games has been finalized following a lot of drama in the last few months. Last month saw 99.6% of NYX shareholders vote in favor of the much talked about acquisition. Back in September the NYX Gaming Group announced they had agreed terms with NYX Gaming to form a global lottery and digital gaming powerhouse. In accordance with the completion of the acquisition, NYX ordinary shares will be delisted from the TSX Venture exchange on or before close of business on January 10. CEO of Scientific Games Kevin Sheehan was delighted that the acquisition was final. He said,” Today, Scientific Games moves forward as a leading digital provider of sports betting, igaming and ilottery technologies, platforms, content, products and services. As we look to 2018, we are truly excited by the opportunities that this acquisition presents to us.” NYX Gaming CEO Matt Davey will be the new President of Sci Games Group’s Digital Gaming. A major ace in the hole for Sci Games is their ability to enter the global betting market by delivering the OpenBet Platform to their lottery...

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