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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 investmentSource: 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 gamblSource: 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 oSource: 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 |