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Caroline Watson

Caroline Watson

News | Press Releases
22nd February
Mixed results for Playtech due to concerns surrounding Asia

Playtech has announced its full-year results for 2017, in addition to a trading update for the period ending 20 February 2018.

The company’s total revenues for 2017 increased 14% in comparison to the year prior, with a 5% rise in revenue growth at constant currency and excluding acquisitions. Full-year revenue was up from €708.6m in 2016 to €807.1m in 2017.

However, average daily revenue in the B2B gaming division for the first 51 days of Q1 2018, was down 11% on Q1 2017 against strong comparatives in Asia in H1 2017.

In November, Playtech issues a profit warning, explaining that earnings would be impacted by a crackdown on gambling syndicates in Malaysia, one of its largest Asian markets, with no change since the announcement.

Nonetheless, the B2C Gaming Division is performing in line with expectations with the Sun Bingo contract continuing to see revenue improvement.

Alan Jackson, Playtech Chairman, comments: “Playtech delivered double digit revenue growth in 2017 despite headwinds in both regulated and unregulated operations. Playtech’s performance continues to be converted into strong cash generation enabling a 10% increase to the full year dividend.

“The completion of the Playtech BGT Sports integration and the completion of the new Live Casino studio in Riga are key operational milestones in the extension of Playtech’s omni-channel offering and the quality of both offerings has already delivered new clients.

“Momentum in TradeTech Group continued with improvements across all KPIs. The division is strategically well positioned for the potential incoming regulations in the financial trading industry and 2017 saw TradeTech consolidate its B2B offering creating a full turnkey financial trading solution. 

“Management is confident 2017 has delivered a strong platform for strategic progress in 2018 through execution of organic opportunities and M&A.”

Playtech’s stock peaked in July last year, valuing the company at about £3.3bn. However, since then the shares have fallen by more than a quarter following concerns of crackdowns. Playtech’s shares were down a further 13% in early trading.

21st February
Betting on Football announces record-breaking speaker lineup

20-23 March, 2018

21st February
Tal Itzhak Ron confirmed to speak at AffiliateCon Sofia
Tal Itzhak Ron from Tal Ron, Drihem & Co. Law Firm has confirmed his attendance to speak at AffiliateCon Sofia. The landmark affiliate convention is held over two days on the 15-16 May, setting a benchmark in affiliate networking and education.
20th February
SG Gaming inks deal with Paddy Power following Ladbrokes Coral agreement
Following a recent announcement that SG Gaming would be installing its new Equniox range across 100 Ladbrokes and Coral shops nationwide, the supplier has now also signed an agreement with Paddy Power in a 30 shop trial.
19th February
Catena Media introduces new corporate debt structure
In an update to investors, Catena Media has confirmed the placement of a new €150m senior unsecured bond scheduled for 2021.
19th February
Portugal posts record figures for 2017
Portugal posted record-high revenue results in the final quarter of the year, with 2017 marking the country’s first full calendar year after launching back in May 2016.
16th February
Yggdrasil enters the Spanish market following successful 2017
In a deal with GVC, Yggdrasil will now be able to enter the Spanish online gaming market later this year in Q2.
15th February
Scottish bookmakers on the decline amidst FOBT review
Despite the popularity of fixed odd betting terminals, the number of high street bookmakers in Scotland has actually been in a period of steady decline since 2011.
15th February
Japanese Government may limit casino visits to ten times a month
In a bid to combat problem gambling, the Japanese Government have announced plans to potentially limit casino visits to ten times per month.
15th February
January sees a 10% drop in revenue for Atlantic City
After a month of perpetually bad weather, Atlantic City suffered the consequences, posting a 9.9% decline in casino revenue as punters didn’t brave the weather to play at the gaming properties.
15th February
GSA selects a new Board of Directors for 2018
Marking the organisations 20th year, the Gaming Standards Association has elected a new Board of Directors for the 2018 year.
14th February
Kambi Group posts encouraging Q4 2017 results
In an update to investors, Kambi Group has posted its financial results for the final quarter of 2017, announcing an impressive 33% year-on-year increase in revenue.
13th February
Spain’s online gaming revenue jumps 38% in the final quarter of 2017
In 2017’s fourth quarter, Spanish online gaming revenue increased by a whopping 38% according to the Dirección General de Ordenación del Juego (DGOJ), showing gains across all of the key verticals.
13th February
MGA begins first phase of investigation into Italian licensee holders
The Malta Gaming Authority has launched an investigation into all of its current Italian licensees that may be potentially linked to organised crime.
8th February
GGA London 2018 Winners Revealed
Finally after months of nominating, voting and adjudicating, the Global Gaming Awards London 2018 winners have been announced. Hosted at the iconic Hippodrome Casino, more than a hundred of the industry's leading Chief Executives attended the invite-only event to find out who had been crowned this year's winners in the heart of London.
2nd February
UltraPlay appoints new Chief Executive Officer
UltraPlay has announced the appointment of a new Chief Executive Officer, commencing at the start of Q1, 2018.
2nd February
GameArt uncovers the magic journey of the King of Monkeys in its 243 ways slot!
From the mountain of flowers and fruit to the distant lands of Gandara we invite you to join the mighty King of Monkeys Sun Wukong and his companions Tang Sanzang, Zhu Wuneng and Shā Wùjìng on their quest for the sacred scrolls!
1st February
Relax Gaming appoints new CEO with Co-Founder becoming Chairman of the Board
Relax Gaming has announced the appointment of Daniel Eskola as its new Chief Executive Officer.
31st January
Americans set to wager $4.6bn on the Super Bowl illegally
According to the American Gaming Association, only 3% of the total Super Bowl bets are expected to be legally wagered through licensed sports books in Nevada.
30th January
CVC Capital’s IPO of Sky Bet set to raise £3bn
According to reports, CVC Capital, the majority owner of Sky Betting and Gaming are considering the possibility of a stock market flotation of the online betting operator.
26th January
Portugal set to reach the final stages with the shared liquidity agreement
At the beginning of January there was a milestone moment for shared liquidity platforms in Europe, and potentially worldwide, as PokerStars launched its French-Spanish site with combined player pools from both countries.
25th January
Arsenal becomes the first club to partner with a cryptocurrency
Ahead of CashBet’s Initial Coin Offering, the cryptocurrency-enabled, mobile-first platform provider has announced a landmark partnership with Premier League football club Arsenal FC.
19th January
Catena Media acquires Dreamworx Online
Catena Media has announced the completion of a deal to acquire Dreamworx Online for €9.5m, of which €4m will be paid with newly issued shares in Catena, and the remaining €5.5m in cash.
18th January
Caesars ups the IR anté with Japan Advisory Committee
In a bid to increase its chances in obtaining a Japanese Integrated Resorts licence, Caesars Entertainment has created a strategic, ‘Japan Advisory Committee’.
16th January
William Hill’s 2017 results set to exceed expectations amidst Australia woes
In an update to investors, William Hill has predicted a 11% year-on-year increase in profit for its 2017 full-year financial results. The forecasted results exceed analyst expectations, with full-year profit likely to come in at approximately £290m.
10th January
Novomatic exits the German market as it heads down under
At the backend of 2017, Novomatic AG announced that it would be exiting the German market as of the end of December. The gaming equipment supplier stated that it wanted to see greater clarity from the German authorities in regards to online gaming.
10th January
Nektan posts encouraging Q2 results
In an update to investors, Nektan has posted strong Q2 FY18 results for the three months ending 31 December 2017. The gaming solutions and services provider reported a 41.6% year-on-year rise in net gaming revenue during the quarter.
10th January
Cyprus’ €500m IR set to open its doors in 2021
By 2021, Cyprus’ first integrated resort worth €550m will open its doors to the public, after further details on the project were announced earlier this week.
10th January
Revel Casino sold for $200m although owner denies purchase
The shuttered Revel Casino Resort has been sold for $200m to AC OCEAN WALK, a group led by Colorado-based investor, Bruce Deifik.
10th January
Kambi announces Q4 update amidst contract extension deal
In announcing its Q4 financial results for 2017, Kambi generated a trading margin of 9.7% due to some unusually high numbers of favourable sporting results.
8th January
Macau's three years of decline are finally over, greener pastures in sight
For the first time in three years, Macau has posted positive annual gaming revenue results. The region’s revenue plummeted to an all-time low in 2014, and since has been struggling to regain its composure.
2nd January
Blueprint Gaming acquires Games Warehouse from the Harbour Group
Blueprint Gaming has completed the acquisition of omni-channel gaming provider Games Warehouse Group from the Harbour Group.
2nd January
Better Collective finalises eighth acquisition of 2017
In its final deal of 2017, Better Collective has acquired the assets of Goal.pl Group in a bid to extend its presence in the regulated Polish market. The final acquisition marks the eighth major deal of the year, concluding the company’s strong M&A strategy in 2017.
2nd January
Crown Resorts agrees to the $150m sale of CrownBet
Concluding in 2017, Crown Resorts announced that it has agreed to the $150m sale of its majority stake in CrownBet that is set to be completed by the end of February this year.
18th December
Novomatic’s acquisition of AGT finally gets the go-ahead
After two years of patiently waiting, Novomatic AG’s acquisition of Ainsworth Game Technology is finally set to conclude at the beginning of 2018, on the 5 January.
14th December
Michigan sets its sights on a legalised sports betting future
Amendments made to a bill passing through Michagan’s House Regulatory Reform Comittee (HRRC) could potentially see a legalised sports betting market in the state.
13th December
UKGC report finds that underage gambling is still worryingly prevalent
According to a report published by the Gambling Commission, 12% of 11-16 year olds in the UK have spent their own money gambling in the past week. Although these figures are slightly disconcerting, the results are down from 16% in 2016.
13th December
Macau continually exceeds financial targets and is set to generate $53bn by 2020
During the first two weeks of September, Macau’s casino operations have performed remarkably well in terms of local revenue growth.
13th December
Japan Gaming Congress returns with a bang in 2018
Back for its third year, the Japan Gaming Congress will be returning to Tokyo from May 10 -11 to host one of the largest events in Asia focusing on the gambling market.
12th December
Atlantic Lottery set to relaunch online offering with the help of IWG and Scientific Games
A new three-way agreement has been reached between Canada’s Atlantic Lottery, IWG and Scientific Games in a move that’s set to relaunch the entire online instant win offering.
11th December
Northwest Indiana’s casinos on the up in November following a disappointing October
Northwest Indiana’s casinos posted positive, yet modest results for the month of November, up 1.3% from the same month a year prior.
8th December
Galaxy Entertainment targets the Philippines with $500m IR
Galaxy Entertainment Group Ltd has announced plans to invest as much as $500m to build an integrated casino-resort in the Philippines.
8th December
UKGC’s Chief Executive Sarah Harrison steps down
In a surprise announcement, Sarah Harrison has stepped down from her role as Chief Executive of the UK Gambling Commission (UKGC).
8th December
Brazil may have to wait until 2019 for legitimate gambling market
Brazil’s journey towards liberalising and legitimising its gambling market took another turn for the worse this week. The Constitutionally and Justice Committee (CCJ) has again delayed a vote on the Senate’s gambling legislation bill, PLS 186/2014. Furthermore, according to those close to the situation, the impending elections next year may delay the passing of the bill until 2019.
7th December
November proves to be a more encouraging month for Paradise Co
Casino revenue at South Korea’s foreigner-only casino operator, Paradise Co, announced a 3.9% year-on-year increase in casino revenue during the month of November.
7th December
William Hill now in favour of Scientific Games’ acquisition of NYX Gaming Group
In a sudden change of heart, William Hill has now announced its support for the Scientific Games-NYX acquisition deal that it had previously sought to stop.
6th December
Gambling.com hires Cherry AB's former Chief Executive
Gambling.com has announced the appointment of former Chief Executive of Cherry AB, Fredrik Burvall to its board, just in time for an M&A led future growth strategy.
5th December
LeoVegas downsize affiliate operation in the UK
LeoVegas has announced in a statement on its website that it will only be offering its services to a small number of affiliates in the United Kingdom, amidst regulatory changes.
5th December
UKGC appoints new Executive Director
The UK Gambling Commission has announced the appointment of James Mackay as the new Executive Director. This position will see Mackay lead the next competition process for the licence of the UK National Lottery.

IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age