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Industry News - Online Magazines

888 launches cost-cutting scheme as profits fall
Tue, 31st August
Company scraps dividend payment as pre-tax profits fall; marketing costs rise 20%; France and Italy yet to generate return on investment
Source: egrmagazine
Playtech pays dividend
Fri, 27th August
Playtech announced the payment of an interim dividend today.
Source: egrmagazine
South Africa bans online gambling
Thu, 26th August
Online gambling has been declared illegal by the North Gauteng High Court, punishable by fine or imprisonment.
Source: egrmagazine
Sportech announces £5.8m profit for half-year
Thu, 26th August
Sportech/Scientific Games Racing deal taking longer than expected, CEO tells eGR on the morning of its half-year results; company signs Ladbrokes B2B deal.
Source: egrmagazine
William Hill profits from online performance
Thu, 26th August
William Hill's half-year results boosted by strong online performance.
Source: egrmagazine
New markets boost Playtech results
Thu, 26th August
B2B provider says new licencees, networks and newly regulated markets, including possibly one day the US, will see growth continue.
Source: egrmagazine
Paddy Powers on with “exceptional” World Cup
Wed, 25th August
Ireland's largest bookmaker "substantially" increases online scale with egaming accounting for 73% of the group’s operating profit.
Source: egrmagazine
Nova Scotia to allow online gambling
Tue, 24th August
The Canadian province of Nova Scotia is planning to introduce online gambling despite opposition from the Atlantic Lottery Corporation.
Source: egrmagazine
Timeweave posts robust results
Tue, 24th August
Amalgamated Racing majority shareholder sees revenues rise 10% compared to the first half of last year.
Source: egrmagazine
Betfair devises Dutch and Danish licence plans
Fri, 20th August
Betfair reiterates that it is to re-apply for a Dutch licence.
Source: egrmagazine
Bwin chief promises French profit in 2011
Fri, 20th August
Bwin expects to make a profit in France next year following successful poker and sports betting verticals there.
Source: egrmagazine
BCLC site back online but loses CA$5m in revenue
Fri, 20th August
The British Columbia Lottery Corporation's online gambling site PlayNow.com has gone live again after five weeks...
Source: egrmagazine
Morongo launches California intertribal poker consortium
Thu, 19th August
The Morongo tribe has been joined by 21 tribes in its new consortium aimed at sharing the spoils from regulated online poker in the state, but enabling legislation looks unlikely before 2011.
Source: egrmagazine
Sky-high marketing costs hit Bwin profits
Thu, 19th August
Bwin posts 27% drop in quarterly operating profit with marketing spend up 30% and a costly entry into France to blame.
Source: egrmagazine
US pull-out could be "biggest mistake" admits Bwin chief
Thu, 19th August
Co-CEO Norbert Teufelberger says its US withdrawal in 2006 will be his biggest ever mistake should the market regulate and PokerStars and Full Tilt are not frozen out.
Source: egrmagazine
EGR Awards 2010 date announced
Wed, 18th August
The EGR Awards 2010 will take place at The Artillery Garden at The HAC in central London on Wednesday 24 November. New categories announced.
Source: egrmagazine
New Hampshire cancels interactive lottery plans
Wed, 18th August
New Hampshire Lottery Commission abandons plans to launch online versions of its games on the grounds it would represent a “poor return on investment.”
Source: egrmagazine
London Capital sees revenue grow 61%
Tue, 17th August
London Capital Group's half-year results have seen its revenue grow 61% half-on-half, but profit is down due to software costs.
Source: egrmagazine
Egaming industry to attend charity poker dinner
Mon, 16th August
The biggest names in egaming will gather together for a charity poker dinner next month in aid of Great Ormond Street Hospital.
Source: egrmagazine
IG Group to sell Extrabet
Mon, 16th August
IG Group has hired accountants PwC to find a buyer for its sports spread betting arm Extrabet.
Source: egrmagazine
Betfair launches first iPad app
Mon, 16th August
Betfair has launched the first betting application for the Apple iPad.
Source: egrmagazine
Bet365 sportsbook leads the way for fifth month running
Mon, 16th August
Bet365 maintained its lead over its closest rival Betfair again last month, according to the Oddschecker Top 10 figures.
Source: egrmagazine
Harrah’s registers Paulson stock with SEC
Fri, 13th August
New York hedge fund intends to sell US$700m stake in world's largest casino operator as soon as possible.
Source: egrmagazine
Lads to launch new in-play product
Fri, 13th August
Ladbrokes is going to launch a new and improved version of its in-play betting product, John O'Reilly told eGR.
Source: egrmagazine
Sportingbet delays re-entering France
Fri, 13th August
Sportingbet has delayed its re-entry to France again and said that its B2B partnerships with French newspapers may not go live...
Source: egrmagazine
Sportingbet scores strong World Cup figures
Thu, 12th August
South Africa World Cup sees Sportingbet take £50m in bets during the tournament, a fourth-quarter trading update reveals.
Source: egrmagazine
Crypto boss resigns amid deepening losses
Thu, 12th August
Brian Hadfield steps down as chief executive of Cryptologic to be replaced by chairman David Gavagan on a temporary basis as losses widen and the business announces it will cut staff at the end of this year.
Source: egrmagazine
We've done nothing wrong say operators ahead of ARJEL block
Wed, 11th August
Online operators on French regulator's unlicensed blacklist stop all traffic from jurisdiction ahead of ISP "censorship".
Source: egrmagazine
Unibet CEO defends zero revenue French market
Wed, 11th August
Unibet unveils 30% revenue growth for the second quarter of 2010, but admits it will be a challenge to hit FY earnings targets due to a drop off in revenues from its core French market.
Source: egrmagazine
Casino pure play pays dividends for Party
Fri, 6th August
PartyGaming's CEO Jim Ryan said today that the company's strategy to attract "pure play" casino players is paying dividends.
Source: egrmagazine
PartyGaming sees 30% growth in revenue
Fri, 6th August
PartyGaming's half-year results were announced today and showed a 30% increase in revenue due to acquisitions and marketing spend.
Source: egrmagazine
Party ready for US re-entry, CEO admits
Fri, 6th August
PartyGaming CEO Jim Ryan said today that there is nothing holding the company back from re-entering the US, as it has closed the loop over settlement questions.
Source: egrmagazine
Party prepares Danish platform launch
Fri, 6th August
PartyGaming has said it is poised to launch in Denmark next January when it officially regulates, but there are "no guarantees" this will be on behalf of Danish monopoly Danske Spil.
Source: egrmagazine
O’Reilly leaves Lads as revenue continues to fall
Thu, 5th August
John O'Reilly is to leave Ladbrokes after 18 years and the company announced its half-year figures today.
Source: egrmagazine
California senator joins fight to legalise sports betting
Wed, 4th August
California poker bill author Senator Rod Wright has joined New Jersey officials in their fight to overturn the ban on sports betting.
Source: egrmagazine
Italian focus for 888; Nevada ruling on Dragonfish by end of year
Tue, 3rd August
Chief executive Gigi Levy has said the launch of casino games in Italy next year will be “very material” for 888 and that the French market is not a current focus.
Source: egrmagazine
888 chief predicts merger talks
Tue, 3rd August
888 chief executive Gigi Levy has exclusively revealed to eGR that the company is "highly likely" to enter into merger discussions.
Source: egrmagazine
PPA: Frank bill will not bar Stars, Tilt from licensing
Mon, 2nd August
Lobby group the Poker Players Alliance has supported PokerStars' view that Barney Frank's bill would not preclude US-facing poker operators being licensed.
Source: egrmagazine
Mobile boom powers Sky Betting growth
Thu, 29th July
A trebling in mobile betting and strong growth in online sees Sky Betting and Gaming annual gross margins rise 21% to £58 million.
Source: egrmagazine
Frank bill passes out of Committee
Thu, 29th July
Barney Frank’s HR 2267 bill to regulate egaming in the US passed out of Committee yesterday but not before amendments were inserted barring websites which have intentionally violated US gaming laws from being licensed.
Source: egrmagazine
Breaking News: PartyGaming and Bwin to merge
Thu, 29th July
Merger will create world’s largest egaming listed firm – Ryan and Teufelberger become co-chief executives of “enlarged group”
Source: egrmagazine
PokerStars backs Frank bill; maintains US activities lawful
Thu, 29th July
PokerStars has thrown its support behind Barney Frank's egaming bill which passed out of Committee yesterday, at the same time maintaining its US activities “at all times have been lawful."
Source: egrmagazine
Strong Q2 growth offsets Playtech poker decline
Wed, 28th July
Playtech's Q2 figures showed significant growth in all verticals except poker...
Source: egrmagazine
Probability losses widen on strategic investment
Tue, 27th July
Probability saw a greater pre-tax loss this fiscal year due to strategic investment in technology.
Source: egrmagazine
World Cup bettors left short-changed by state
Tue, 27th July
State monopolies offered bettors significantly worse odds than those offered by private operators during the football World Cup, data has shown...
Source: egrmagazine
Full Tilt and PKR among nine new French licences
Tue, 27th July
The French regulator ARJEL approved nine more licences last night, bringing the total number issued to 27.
Source: egrmagazine
Abandoned betting accounts may be used to fund UK sports
Mon, 26th July
The UK government is to compile a report into how much money is left in dormant betting accounts, with a view to the proceeds being used to benefit grassroots sports projects.
Source: egrmagazine
William Hill moves telebetting to Gibraltar
Mon, 26th July
William Hill is moving its telephone betting operation to Gibraltar to save costs.
Source: egrmagazine
Markup of Barney Frank's bill to take place next Tuesday
Fri, 23rd July
The House Committee on Financial Services has announced that a markup of Barney Frank’s egaming bill will take place next Tuesday, a significant move for the US gambling lobby.
Source: egrmagazine
GVC sees overall growth but casino declines
Thu, 22nd July
GVC Holdings' six month results reveal a fall in casino turnover but an overall rise in net revenue...
Source: egrmagazine
BCLC takes down site after security breach
Thu, 22nd July
The British Columbia Lottery Corporation had to take down its PlayNow.com site after players' personal information was left open to other users...
Source: egrmagazine
Playtech launches French iPoker Network
Wed, 21st July
Chilipoker is the first operator to launch on Playtech's new iPoker Network in France, with more licensees to be added in a few months.
Source: egrmagazine
Everest joins BetClic as Lyon sponsor
Wed, 21st July
Everest Poker is the latest Mangas Gaming-owned operator to sponsor a football team, joining BetClic on the shirts of Olympique Lyonnais.
Source: egrmagazine
Nylander replaced by Tjarnstrom as Unibet CEO
Tue, 20th July
Petter Nylander has resigned as Unibet chief executive after five years, to be replaced by deputy chief executive Henrik Tjärnström...
Source: egrmagazine
Campos appointed new PokerStars CEO
Tue, 20th July
Former Dragonfish MD Gabi Campos has been announced as the new chief executive of global poker giant PokerStars, following his shock departure from 888's B2B arm last month.
Source: egrmagazine
Israel to block overseas egaming websites
Mon, 19th July
Israeli police have ordered internet service providers to block access to overseas egaming websites, following the recent clampdown on non-licensed sites.
Source: egrmagazine
William Hill in talks with Malaga FC over sponsorship deal
Mon, 19th July
William Hill is in talks with Malaga FC, following reports that their sponsorship deal is to be terminated by the new club owner, Sheikh Abdullah Bin Nasser Al-Thani.
Source: egrmagazine
BC launches first government-run online casino in North America
Fri, 16th July
The government of British Columbia yesterday became the first provincial government in North America to launch an online casino, as a means of countering its growing budget deficit.
Source: egrmagazine
David Zerah appointed new Dragonfish head
Thu, 15th July
Following the departure of Gabi Campos, David Zerah has been appointed managing director of 888's B2B arm Dragonfish.
Source: egrmagazine
888 gets French licence
Wed, 14th July
888-Microgaming's joint poker network has received its French licence, as has the first operator scheduled to launch on the platform.
Source: egrmagazine
NJ governor declines to join NJ sports betting fight
Tue, 13th July
NJ Governor Chris Christie will not join the battle to legalise sports betting, saying that the state has more pressing issues.
Source: egrmagazine
Betfair Poker confirms Ongame move
Mon, 12th July
Betfair is to complete a move off its proprietary software platform to the Ongame Network by the end of this month, as it looks to reverse the downwards liquidity spiral afflicting non-US-facing sites.
Source: egrmagazine
Ladbrokes, Canal+ French JV chooses leaders
Fri, 9th July
Ladbrokes’ joint venture with French TV giant Canal+ has chosen its management board, with Ladbrokes' Mick D'Ancona to serve as chief operating officer and Canal+'s François Deplanck to take the helm.
Source: egrmagazine
Boost to monopolies as ECJ backs Swedish laws
Fri, 9th July
The European Court of Justice (ECJ) has upheld Sweden’s ban on the advertising of online gambling services provided by companies not licensed in Sweden, striking a blow for operators in favour of Sweden’s Svenska Spel and other European national gambl
Source: egrmagazine
Italian football's Serie B renamed Serie Bwin
Thu, 8th July
Bwin has signed a sponsorship deal with Itaiy’s Lega Serie B second football league that will see the group renamed Serie Bwin until June 2012 at the earliest.
Source: egrmagazine
Probability launches first games for iPhone, iPod Touch
Thu, 8th July
Mobile gambling games specialist Probability has launched its first games specifically designed for the iPhone and iPod Touch, which are available both to its consumer and B2B clients...
Source: egrmagazine
CEO Jim Ryan: PartyGaming remains committed to M&A
Wed, 7th July
PartyGaming chief executive Jim Ryan has said that the company is in talks with a number of parties and remains committed to consolidation despite merger progress having been “slower than expected”.
Source: egrmagazine
PartyGaming blames World Cup for poker revenue slide
Wed, 7th July
PartyGaming has blamed the football World Cup for a sharp dip in its expected quarterly poker revenue of 11-13% quarter-on-quarter (QoQ), a company trading update today revealed today.
Source: egrmagazine
Bwin signs Eurosport Poker to OnGame Network
Wed, 7th July
Bwin has signed Eurosport Poker, the online poker business of the Eurosport TV channel, to its Ongame Network for France.
Source: egrmagazine
Betfair's US prospects boosted as NJ Assembly approves exchanges
Tue, 6th July
Betfair's goal of launching in New Jersey has inched closer after the US state’s General Assembly unanimously approved the exchange betting model used by companies such as Betfair and Betdaq.
Source: egrmagazine
Nyx makes ex Microgaming man Flynn CEO
Mon, 5th July
Nyx Interactive has appointed David Flynn as its new chief executive just six months after he joined the company from rival software supplier Microgaming.
Source: egrmagazine
China Maintains Online Gambling Monopoly
Tue, 11th May
European and Asian countries are increasingly seeking opportunities to maximize their national income by applying legal frameworks regarding legislation towards online gambling.
Source: gamingalerts.co.uk
888, Microgaming to launch joint poker network for France
Tue, 11th May
888 and Microgaming are to launch a joint poker network for the soon-to-open French market, the first collaboration of its kind between online poker networks.
Source: Egrmagazine
Betfair Launch iPhone App
Mon, 10th May
Betfair has become the first major gaming company to offer downloadable applications for the iPhone. This marks a turnaround for gambling apps from the US electronics and computer giant.
Source: gamingalerts.co.uk
News BetClic to confirm Olympique Marseille tie for next season
Mon, 10th May
BETCLIC is to confirm its sponsorship for next season of French football champions Olympique Marseille at a press conference this Wednesday, ahead of the company being legally allowed to display its logo in France next month with the part liberalisation o
Source: Egrmagazine
CryptoLogic first quarter: revenue falls 25%
Mon, 10th May
CRYPTOLOGIC has experienced a fall in its revenues, the software company's first quarter 2010 results reveal, blamed on subdued wagering and reduced contribution from major licensee William Hill Online (WHO).
Source: Egrmagazine
Orbis to buy UK racing tech giant Alphameric
Mon, 10th May
ORBIS is to acquire Alphameric Solutions, the UK racing technology supplier to more than 8700 betting shops.
Source: Egrmagazine
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