Online Casino News From Around the Globe

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

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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William Hill Under Fire For Encouraging Punters To Play FOBTs Before The Crackdown

It seems that the controversy surrounding fixed odds betting terminals or FOBTs will not go away. As we reported the latest reprieve given by the government in the form of a delay in the proposed maximum stakes to bookmakers has got many up in arms. In effect the maximum wager reduction from £100 to £2 has bene delayed till 2020 after sustained pressure on the government from bookmakers.  Following this you would think that the bookmakers like William Hill who rely heavily on these cash making machines would keep a low profile and thank their lucky starts for the delay in the implementation of the restrictions. Well think again as they have once again caused a stir as they sent out an email to punters reminding them tem to gamble before the government limit comes into play. A report in the Times accused William Hill of trying to further exploit players to part with their money on FOBTs with a friendly reminder by employees to remind punters that the £100 pound option is till available. The email was apparently sent following overall weaker gaming performance by William Hill following the government’s announcement of the reduction of the FOBT maximum stakes to £2. William Hill collected revenues o £913.1 million in 2017 from their estimated 2,340 betting shops across the...

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Pragmatic Play Continues Global Expansion Plans With Extreme Live Gaming Acquisition

The Malta-based game development studio Pragmatic Paly has been creating a lot of hype in the competitive games vendor market in the last twelve months. Their strategic partnerships over the last year include Mr Green, GVC Holdings, the Rank Group and Lottoland just to mention a few. It comes as no surprise that their global acquisition strategy has expanded to include live dealer games as they announced the acquisition of Extreme Live Gaming from the Novomatic Group. According to Pragmatic Play’s Chief Commercial Officer Melissa Summerfield,” This acquisition marks a major step forward for Pragmatic Play. Few providers can match the rate at which we have expanded over the last 12 months, and bringing Extreme Live Gaming into the Pragmatic Play portfolio affirms our position as one of the industry’s foremost multi-product providers to regulated markets. Live casino continues to exhibit real growth potential, and the extra layer of excitement and interactivity that live dealer games bring to the table for players is clear. The range of unique games alongside classics like roulette and blackjack sets our services apart, and we are very pleased to have added this exciting product vertical to our portfolio.” CEO of Extreme Live Gaming Darwyn Palenzuela was equally delighted with the acquisition and said,” We pride ourselves on providing groundbreaking live solutions both popular with players and profitable for our partners, and this acquisition will empower us to take our business to the next...

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Atlantic City Welcomes Opening Of Two Former Casino Landmarks

The revival of Atlantic City has started with the overall upturn in online gaming revenues in the state of New Jersey over the last year. As we have reported over the last 12 months online gaming revenues have sored year-on-year and are set to continue with the legalization of sports betting in the Garden State. Atlantic City was in a deep slum due to many of its state casinos going belly up. One of the major reasons for the upturn is the openings of two new casinos which are open for  “soft-play” on Monday. The Ocean Resort Casino and the Hard Rock were tested in order to evaluate how their technologies and casino equipment are working before the official grand opening scheduled for Thursday. The soft-play period is open to relatives of casino employees and invited friends and is expected to run from Monday till Wednesday. While it is still early, the signs are positive according to director of State Division of Gaming Enforcement David Rebuck who late Monday reported no serious issues had arisen. Many will remember the Hard Rock as the former trump Taj Mahal Casino which was revamped form the core. In October 2016 the Taj Mahal was closed due to a strike between the casino owner and the casino worker’s union. Ocean Resort is the former Revel Casino which was only open for two years before it also was shutdown in September...

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