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Gambling News Archive

Friday, 28th August 2015
The Dutch gaming regulator Kansspelautoriteit (KSA) has revealed growth of 7.6% for the nation’s online gambling market. The figures released in a market report by the KSA value the Dutch online gambling...
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Friday, 28th August 2015
Provider NYX Gaming Group’s net income increased 1674% to $8.8m for the six months ended 30 June. Revenue and gross profit both went up by 66%, ascending to $20.6m and $17.9m respectively. Negative EBITDA...
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Friday, 28th August 2015
Operator BwinParty has reported operating profit and profit after tax for the first six months of the year for the first time since its creation in 2011. The operator managed to turn an operating loss...
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Friday, 28th August 2015
A 68% year-on-year net profit increase has been reported by OPAP, the operator which holds a monopoly over the Greek sports-betting and lottery markets, for the six months ended 30 June, up to €109.9m. Revenues...
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Thursday, 27th August 2015
Provider Playtech has reported a 33% revenues increase to €286m for the six months ended 30 June. The revenue growth was 29% when excluding acquisitions and adding back the impact of the UK point of...
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Wednesday, 26th August 2015
The US Court of Appeals for the Third Circuit has ruled that a 2014 law that legalised sports-betting at New Jersey racetracks and casinos violates the 1992 Professional and Amateur Sports Protection Act...
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Wednesday, 26th August 2015
Operators Paddy Power and Betfair have reached an agreement in principle on the key terms of a possible merger and the combined group is to be titled Paddy Power Betfair plc. Paddy Power shareholders...
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Tuesday, 25th August 2015
Penn National Gaming has received final approval from the Nevada Gaming Commission to complete its planned $360m acquisition of Tropicana Las Vegas. A definitive agreement on Penn’s acquisition of the...
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Monday, 24th August 2015
Operator Caesars Entertainment Corporation (CEC) and Caesars Entertainment Operating Company (CEOC) have entered into a bank restructuring support agreement. CEOC filed for Chapter 11 bankruptcy in January...
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Friday, 21st August 2015
The Gala Coral Group has recorded a 37% increase in online net revenue in its third quarter results, rising year-on-year from £46.5m to £63.6m. The operator’s year-to-date online net revenue grew...
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Thursday, 20th August 2015
Operator Rank Group has reported a 16% operating profit increase to £84m for the year ended 30 June. Gross revenue went up 4% to £738.3m and EBITDA ascended 9% to £126.3m. Adjusted earnings per share...
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Wednesday, 19th August 2015
Supplier Contagious Gaming has confirmed it has made a proposal to operator and supplier Sportech regarding a possible business combination that may create a combined company. Contagious Gaming’s announcement...
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Wednesday, 19th August 2015
Operator Galaxy Entertainment Group (GEG) has reported a 34% year-on-year revenue decrease to $25.4bn for the first half of 2015. Adjusted EBITDA went down 43% to $4.2bn, while net profit attributable...
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Tuesday, 18th August 2015
Provider IGT has been issued a patent relating to multi-hand functionality in video poker. U.S. Patent No. 9,105,158 grants IGT's operating company exclusive rights in the field through to November 2016. The...
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Monday, 17th August 2015
Daily fantasy sports (DFS) operator DraftKings expects to launch in the UK in the fourth quarter of this year, after being granted a licence to operate in the country. Launches in other European markets...
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Monday, 17th August 2015
Provider Amaya Gaming, the owner of operator PokerStars, has announced it has acquired daily fantasy sports (DFS) operator Victiv and will rebrand it as StarsDraft. Management of the DFS business will...
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Monday, 17th August 2015
UK football pools operator and technology supplier Sportech has confirmed it has received a takeover bid from Canadian provider Contagious Gaming. Sportech released a statement in "response to recent press...
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Thursday, 13th August 2015
James Packer has left his role as chairman of Australian operator Crown Resorts, to be replaced by former Deutsche Bank executive Robert Rankin. Packer is to stay on in an executive director role, overseeing...
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Wednesday, 12th August 2015
Supplier IGT has reported a net loss of $116.9m for the second quarter of 2015, compared to net income of $55m for the same period last year. The results translate into a net loss per share of 59 cents. The...
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Tuesday, 11th August 2015
Ladbrokes has recorded a 32% year-on-year decrease in group operating profit for the first six months of 2015, from £56.8m to £38.9m. The UK operator’s H1 pre-tax profit also dropped compared to...
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Monday, 10th August 2015
Unibet is to acquire fellow operator iGame Holding for an initial price of €59m. The initial price is payable fully in cash on completion and Unibet will acquire 100% of iGame’s shares. iGame’s current...
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Friday, 7th August 2015
Online gaming group GVC Holdings has increased its proposal to acquire the entire issued and to be issued share capital of operator BwinParty to 125.5p a share, after securing extra funding. The sum...
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Friday, 7th August 2015
William Hill has reported a 12% fall in profit for the 26 weeks ending 30 June 2015. The operator has attributed the year-on-year decrease in operating profit from £176.9m to £155.7m to an additional...
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Thursday, 6th August 2015
Operator Marathonbet has been announced as the official global betting partner of Barclays Premier League football club Manchester United, excluding China and the US. The partnership is a multi-year agreement...
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Wednesday, 5th August 2015
MGM Resorts International has reported a drop in Q2 revenue of 7.6%, falling to $2.39bn compared to $2.58bn for the same period in 2014. MGM China’s Q2 net revenue also decreased year-on-year, down 33%...
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Wednesday, 5th August 2015
Online operator PokerStars has agreed a three-year hosting contract with Isle of Man telecommunications firm Manx Telecom. A total of 48 data hosting racks and associated equipment are to be moved from...
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Wednesday, 5th August 2015
Operator Unibet has reported a year-on-year profit after tax decrease of 63% to £23.4m for the first half of 2015. Profit before tax for the period, which ran from January to June, went down 60% to £26.5m...
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Tuesday, 4th August 2015
The gambling industry’s links to the Premier League have been further strengthened this week, with two clubs announcing official betting partners. Norwich City have signed a “multi-year partnership”...
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Tuesday, 4th August 2015
Provider Scientific Games has reported a net loss of $102.2m for the second quarter of 2015. The net loss, which is for the three months ended 30 June, is in comparison with a net loss of $72.4m for the...
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Tuesday, 4th August 2015
Mass media company CBS has entered the daily fantasy sports (DFS) market with the launch of its SportsLine DFS product. CBS already offers a season-long fantasy sports product and SportsLine, on top of...
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Monday, 3rd August 2015
Operator Sky Betting and Gaming (Sky Bet) generated operating profit of £30m for the period from 30 June 2014 to 19 March 2015. The date of 19 March was when entertainment company Sky completed the sale...
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Monday, 3rd August 2015
Gross gaming revenue (GGR) in Macau for July totalled 18.62bn patacas, down 35% year-on-year, figures released by the Macau Gaming Inspection and Coordination Bureau have revealed. The drop marks the 14th...
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