Online Gambling News
Below is a list of the latest casino news.
Y-on-Y decline of 10 percent recorded, but Dragonfish does well
888.com's b2b subsidiary Dragonfish performed sufficiently well to limit a decline in Q3 revenues at the online gambling group, but Management still posted a drop of 10 percent compared to Q3, 2008.
The company's interim management update this w...
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Social networking a potent marketing platform
The US interactive marketing services provider GameLogic, Inc., has completed an integration initiative with the popular social networking site Facebook, clearing the way for the use of its PlayAway, PlayerVantage and New Play suite of products. These programs extend GameLogic’s Internet player/database marketing platform to the rapidly growing world of social media.
“Regulated gamin...
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Democrat calls for regulation instead of prohibition on Internet gambling
In an op-ed article published this week in the Washington publication Roll Call, Representative Jared Polis (D-CO) argues that regulating Internet gambling in order to protect consumers and generate up to $42 billion in new revenue is a "sensible approach."
Based on his experience of having started and manag...
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Half year report to end September shows lower NGR
The AIM-listed mobile gambling technology company Probability has presented unaudited results for half year to end September 2009, revealing a decline in net gaming revenue to GBP 2 478 000 (first half 2008: GBP 2 621 000). However, revenues during the period were up 4.7 percent on the same period in 2008.
Other figures of note were:
* Pre-tax loss of GBP 255 000, followi...
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Server based gaming firm has had a tough year
The UK server based gaming supplier Inspired Gaming plc has issued a trading update claiming that its business has stabilised and recovered in the year to September 26 2009, following an “exceptionally difficult” 2008. The company also announced a capital reorganisation aimed at simplifying the capital structure and improving liquidity in the stock.
Inspired reported that all four di...
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Online payments group reports 21 percent decline in revenue
Neovia Financial plc issued a trading statement this week on its quarter three performance for the period ended September 2009, but the news wasn't good - a 21 percent year-on-year decline in revenue.
Challenging market conditions continued to prevail as the company reported:
* Fee revenue of $14.9 million, a substantial decline compared to Q3 2008: $17.5 million....
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InfoPowa correction
Please accept our apologies for a million-dollar error in our weekend story "CRYPTOLOGIC PROGRESSIVE WIN", in which weekend fever, an apparently trembling finger or both resulted in the addition of three unwanted and inaccurate noughts on the end of the jackpot amount reported!
The correct figure was of course $117 864.
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New national policies and the growth of broadband herald a prosperous era
The weekend's most inspiring editorial content came from the revered UK newspaper The Financial Times, which opined that online gambling companies are preparing for consolidation over the next two years amid cautious optimism that the pace of broadband penetration and more open policies by several governments wi...
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$117 864 000 makes for a happy weekend.
Details are as yet unknown, but one lucky online punter hit the progressive jackpot big this weeked, taking down the $117 864 000 jackpot on Cryptologic's progressive Caribbean...
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Remote gambling sector responds positively to London's International Gaming Expo, ICEi
The online and interactive gambling component in January 2010's International Gaming Expo, ICEi in London appears to be attracting a solid response from online gambling companies.
Organisers Clarion Gaming report that the event already has already seen no fewer than 44 companies from 20 jurisdi...
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GBP 300 million bond offer in the works
The online and land gambling group William Hill plc is to take further measures to extend its banking covenants, specifically the issue of GBP 300 million in corporate bonds.
With an issue date of 12 November 2009, the income from the bonds will serve to extend the bookmakers’ existing banking facilities due to expir...
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Experienced industry PR man in charge
Calvin Ayre's latest online gambling industry venture - his Bodog brand franchising initiative - has opened a central press office in London, UK.
Former Everest Gaming European PR chief Ed Pownall has been appointed to head the team, bringing to the position his wide ex...
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London base for new global support
Mikael Pawlo, managing director of the Mr. Green online casino, has announced major changes to the company's customer relationship management structure which will see a new London-based support centre headed by a highly experienced addition to the executive team at Mr. Green.
The support centre will service all Mr. Green operations, including tho...
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Industry is already reeling from the effects of the global economic meltdown, says gambling association
The successful first reading of a Bulgarian government bill designed to hike gambling taxes up from 10 percent to 12 percent has triggered some dire warnings from industry associations, with claims that up to 40 000 people could be put out of work if the changes to the law are passed.
The Sofia news agency reports that the Bu...
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Lucky 18 owner legit, says judge
Doing a little crowing about his victory in an Israeli court this week was Naphtali Goldman (34), the sole owner of online casino operation Luc...
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