Email Address Tags: Card Rooms and Poker Online Gambling Slot Machines Subscribe to the iGaming newsletter Nevada was unable to record a fourth straight month of $1bn in gambling revenue in April, as the US state posted $953.7m (€816.6m) in gaming win. The amount is lower than the $1.03bn collected in March, but does represent a 7.6% increase on the total collected in April of last year. Nevada has enjoyed a strong start to the year, with gaming revenue in January, February and March exceeding $1bn. The state had not recorded three consecutive months of over $1bn in gaming win since 2008, with its most successful billion-dollar streak lasting for eight months from October 2006 to March 2007. For April, slot machine revenue increased 10.1% year-on-year to €658.9m, while table games revenue was also up 2.4% to €294.8m. Blackjack revenue improved by 8% to €94.1m and roulette was also up nearly 69% to $31m, but baccarat revenue dropped 17.7% to €65.1m and craps by 3.7% to €29.9m.Related article: Nevada revenue beats $1bn for third consecutive month Nevada was unable to record a fourth straight month of $1bn in gambling revenue in April, as the US state posted $953.7m (€816.6m) in gaming win Nevada falls short of four consecutive $1bn months 1st June 2018 | By contenteditor Topics: Casino & games Finance Sports betting Poker Slots Regions: US Nevada Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
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Tags: Mobile Online Gambling OTB and Betting Shops Betfred has reported an annual operating loss of £13.4m (€15.3m/$17.8m), despite posting an increase in revenue and earnings Betfred has reported an annual operating loss of £13.4m (€15.3m/$17.8m), despite posting an increase in revenue and earnings.Revenue at the privately-held bookmaker during the 12 months to September 24, 2017, came in at £634.5m, up by 9.6% on the previous year, while earnings also improved 3% year-on-year to £83.3m.Total gambling turnover for the Betfred retail, online and Tote businesses was up 17.5% to £12.7bn. Regulus Partners said online revenue at the firm improved 3% on a year-on-year basis to £90m, while revenue from the Tote hiked 12% to £329m. However, despite reporting financial success across various divisions, the eight-figure loss comes after Betfred last year enjoyed a profit of £32.4m. Betfred has cited a drop on a goodwill impairment of its digital assets, as well as rising costs and higher gaming duties as the main reasons behind losses in the 12-month period. Regulus Partners analysts also suggested that Betfred could be set for further challenges in the near future due to regulation changes on fixed-odds betting terminals (FOBTs). Analysts noted that 83% of Betfred earnings were generated from its network of retail shops, where FOBTs are placed. However, the UK government in May confirmed the maximum stake on FOBTs will be cut from £100 to just £2 in an effort to address problem gambling. Prior to the confirmation of these changes, Betfred managing director Mark Stebbing had urged the government to rethink its plans, saying cutting the maximum stake would result in huge job losses across the industry, as well as a sharp drop in the amount the government tax in from gambling taxes.Related articles: Betfred MD urges final rethink of FOBT changes UK to cut FOBT stake to £2 and raise remote tax 25th June 2018 | By contenteditor Betfred hit by annual loss despite revenue increase Subscribe to the iGaming newsletter Topics: Finance Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Email Address
Topics: Marketing & affiliates Sports betting Subscribe to the iGaming newsletter Email Address F1 to sign up betting partners AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Marketing & affiliates Formula One is set to sign up betting partners around the world after announcing a new venture with Sportradar and media group Interregional Sports Group (ISG).Liberty Media, the owner of the motorsport championship, and its data and media rights partners will work with information taken directly from races to enable the development of in-play betting markets during Grands Prix.ISG, which has worked with Serie A and La Liga, will have the right to sub-license betting partnership rights to betting operators, giving access to regionalised branded on-screen graphics, physical and virtual trackside signage and digital integration across F1’s digital and social platforms.The Financial Times newspaper suggests that the betting sponsorships could be worth at least $100m over five years.Sean Bratches, managing director of commercial operations at Formula 1, said the championship wants to enhance fan engagement through the partnerships and improved offering.He said: “Data and sponsorship partnerships like this are common practice across almost all premium sports and this is the latest step in our mission to make Formula 1 the world’s leading sports entertainment experience.“This deal allows us to develop new and exciting ways for Formula 1 fans around the globe to engage with the world’s greatest racing spectacle, while ensuring integrity with best practice oversight from Sportradar.”Formula One will utilise Sportradar Integrity Services to track evidence of race-fixing. The service is already used by major rights holders such as Fifa and NBA.David Lampitt, managing director of group operations at Sportradar, said: “Through this collaboration with Formula 1, we’re delighted that fans will receive an exciting and safe betting experience and we look forward to further developing the F1 fan experience.”The move was welcomed by Simon Antonio Vumbaca, head of motorsport specialist Pit Stop Betting. However, speaking to iGamingBusiness.com, he suggested that if the figures quoted by the Financial Times were accurate it could make it difficult for operators to achieve value for money.He said: “The F1 deal amounts discussed would make the deal and cost of acquisition per player very high and out of market range, particularly if one considers the reality of regulated licensing markets, geographical limitations – such as no betting allowed in Asia, Russia and Middle East, and the US very restricted – and caution around betting.“It would indicate that the aim may be more to talk to F1 fans and take them to bet on other sports rather than on F1 necessary. But, if someone is prepared to pay that amount, then great.”Image: Oh-Barcelona.com Motorsport championship announces venture with Sportradar and media rights group ISG 18th September 2018 | By contenteditor
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bookmaker Betfred is to expand its operations into the Spanish market after it secured a new licence from national gambling regulator Dirección General de Ordenación del Juego (DGOJ). Subscribe to the iGaming newsletter Betfred set for Spanish move with new licence Bookmaker Betfred is to expand its operations into the Spanish market after it secured a new licence from national gambling regulator Dirección General de Ordenación del Juego (DGOJ).The permit will allow Betfred to offer both its online sportsbook and casino in the country, with the bookmaker saying that the Spanish launch forms part of its ongoing expansion strategy.Betfred has enlisted Spanish online gaming and sports betting solutions provider Optima to supply a player account management and sports wagering system for its operations in the country.The bookmaker will run its Spanish-facing operations from a new office in the Ceuta province, an autonomous city with a 10% gambling tax rate, half that of mainland Spain, and a reduced corporate tax rate of 12.5%.“This is an exciting opportunity for Betfred and the Spanish licence is part of our ongoing expansion strategy,” Betfred’s chief operating officer Mark Stebbings said. “There is clearly a real passion for sport especially football in Spain and we share that passion here at Betfred.“We believe we bring the necessary expertise but also heritage and trust to this expanding market.”Confirmation of Betfred’s licence comes after it was also revealed that online gaming platform provider SkillOnNet has also secured a permit to operate in Spain.The DGOJ has also issued licences to Gaming Innovation Group and LeoVegas in recent weeks.Image: Degree53 Regions: Europe Southern Europe Spain Topics: Casino & games Legal & compliance Sports betting Casino & games Tags: Online Gambling Email Address 9th July 2019 | By contenteditor
Subscribe to the iGaming newsletter Topics: Casino & games Esports Sports betting Video gaming Casino & games 12th September 2019 | By contenteditor Tags: Video Gaming Multimedia content provider PA Media has agreed a strategic partnership with esports statistics and odds specialist PandaScore, in a move the two parties say will allow operators to offer customers a wider range of betting options on esports competitions.Under the agreement, PA’s Betting division will now serve as the PandaScore’s exclusive data distribution partner in the UK and North Europe. PA will also represent PandaScore on a non-exclusive basis in the US market. PandaScore uses proprietary machine learning technology to collect esports data and compiles odds for clients, gathering data from contests based around popular titles such as League of Legends, Counter-Strike: Global Offensive, Dota 2 and Overwatch, among others.“PandaScore’s innovative approach to using AI to collect and process real time data from esports matches, combined with PA’s unparalleled reach, provides a powerful proposition for sportsbook operators,” PA Media managing director of racing and sports Michael Grenham said.“This new relationship with PandaScore is a significant step in PA’s ambitions to form partnerships around predictive data with ground-breaking businesses around the world.”PandaScore chief executive Flavien Guillocheau added that the agreement would help its customers grow by unlocking new and underserved markets.“Esports is a rapidly growing and competitive marketplace,” Guillocheau said. “PA shares our vision that esports are a big part of the future, especially with millennial and gen-z audiences which are as interested in Fortnite as football.”The PA – formerly the Press Association – has long provided live data, editorial content, form guides, images and infographics, as well as hosted solutions and statistics to a range of publications and gaming businesses via its racing and betting division. Multimedia content provider PA Media has agreed a strategic partnership with esports statistics and odds specialist PandaScore, in a move the two parties say will allow operators to offer customers a wider range of betting options on esports competitions. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe PA Media teams up with PandaScore to enhance esports betting Email Address
Email Address Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income Trust, in a deal worth $4.25bn (£3.30bn/€3.82bn). Under the agreement, the joint venture will acquire the Bellagio real estate and lease it back to a subsidiary of MGM Resorts for initial annual rent of $245m. MGM Resorts will receive a 5% equity interest in the new joint venture and cash of approximately $4.2bn. The operator said it expects the deal to go through before the end of the year, subject to certain closing conditions. Meanwhile, MGM Resorts has entered into an agreement to sell its Circus Circus property, also in Las Vegas, for $825m to an affiliate of Treasure Island owner Phil Ruffin.Read the full story on iGB North America.Image: Dave Warfel MGM Resorts to sell Bellagio and Circus Circus for over $5bn Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income Trust, in a deal worth $4.25bn. MGM has also struck a deal to sell Circus Circus for $825m to an affiliate of Treasure Island owner Phil Ruffin. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th October 2019 | By contenteditor Subscribe to the iGaming newsletter Regions: US Nevada Casino & games Topics: Casino & games Finance Strategy
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Greentube, the interactive division of Novomatic, has secured its first supply deal in the Croatian market with PSK.hr, an online casino brand owned by Fortuna Entertainment subsidiary Hattrick Sports Group. Casino & games Greentube, the interactive division of Novomatic, has secured its first supply deal in the Croatian market with PSK.hr, an online casino brand owned by Fortuna Entertainment subsidiary Hattrick Sports Group.PSK.hr is to launch a selection of Greentube’s online slots such as Apollo God of the Sun, Ultra Hot deluxe, Xtra Hot, Lucky Lady’s Charm deluxe and Book of Ra Deluxe through the agreement.It builds on Greentube’s existing relationship with Fortuna Gaming Group, which acquired Hattrick in 2017. Greentube supplies its content to a range of Fortuna brands across Eastern Europe. “Entering Croatia is a real milestone for Greentube; PSK is the right choice for this journey given its large player base and brand awareness,” Greentube key account and sales manager, Armen Tatarevic, said.“We have already seen a great response from Croatian players and are thrilled to be able to provide the market with our online adaptions of popular land-based titles, as well as innovative new concepts.”Hattrick chief financial officer Bojan Molnar added: “Greentube’s casino games have a strong fan base in Croatia and we are already seeing keen interest from our customers. Being the first to offer Novomatic blue-chip content online in Croatia has boosted the appeal of our brand with new and existing players and has given us an edge against the competition.”The Croatia expansion comes after Greentube last week struck its first supply deal in Denmark and also enhanced its presence in the newly-regulated Swiss market.The provider struck a deal to supply a range of games to RoyalCasino.dk, the online brand of the land-based venue of the same name in Aarhus, Denmark, and agreed a new partnership with Grand Casino Baden, which in July became the first licenced online casino operator in Switzerland. Topics: Casino & games Tech & innovation Slots 28th October 2019 | By contenteditor Greentube moves into Croatia with Hattrick’s PSK.hr Tags: Online Gambling Slot Machines Regions: Europe Southern Europe Croatia Subscribe to the iGaming newsletter Email Address
ACT survey: 14% of population affected by gambling harms AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Researchers in the Australian Capital Territory (ACT) have warned the state needs to have a serious discussion about the role of gambling in society after estimating that as much as 14% of its population has been negatively affected by gambling. Casino & games Email Address Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Slot Machines Subscribe to the iGaming newsletter Researchers in the Australian Capital Territory (ACT) have warned the state needs to have a serious discussion about the role of gambling in society after estimating that as much as 14% of its population has been negatively affected by gambling.The 2019 ACT Gambling Survey, conducted by the Australian National University’s Centre for Gambling Research and based on interviews with 10,000 adult residents of the state, believes as many as 44,000 people were impacted by their or someone else’s gambling in the year.Centre for Gambling Research director and the survey’s lead author, Dr Marisa Paterson, said the results should prompt debate about the impact of gambling in the ACT.“These results are not something we should walk away from and say ‘we’re ok here’,” Dr Paterson said. “We need to seriously consider gambling and its role in our community.”Participants were asked for detailed information on their gambling participation, expenditure and harm suffered as a result of gambling over the previous 12 months. Sub-sets within the group of 10,000 were also asked about attitudes towards gambling and seeking help when it created problems, as well as questions on their physical and mental wellbeing, financial hardship and online expenditure.Based on the 10,000 sample, researchers estimate that up to 60% of the ACT’s adult population had participated in at least one form of gambling in the past year. This was particularly high for males, of whom an estimated 64% gambled, compared to 56% for female respondents. Those aged between 45 and 59 years were the most likely to gamble out of all age categories, with 64% saying they had done so.It also found that men were significantly more likely to develop gambling problems than women. Based on the harms set out on the Problem Gambling Severity index (PGSi), 10% of the ACT population reported suffering from at least one symptom.This, researchers noted, equated to around 34,000 adults classed as at-risk or problem gamblers. Low-risk gamblers made up 7% of the population (around 23,000 people); with 2.5% (8,000 people) classed as moderate-risk, and 0.8% (3,000 people) classed as problem gamblers.Based on the PSGi, 1.2% of males were problem gamblers, compared to 0.4% of female respondents. In particular, males under 30 were more likely to be at risk. The survey uncovered associations between certain forms of gambling and increased levels of risk on the PSGi, namely table games (41% at-risk) and sports betting (39%). However, it added, there was nothing to suggest that gambling online, whether exclusively or not, was a reliable indicator of problems.The 2019 survey marked the first time the Short Gambling Harm Screen (SGHS) was used to assess the level of harm suffered by gamblers. Rather than determining a players’ risk profile, as the PSGi does, the SGHS looks to ascertain the ill effects of gambling, by gathering information about the exact issues people have experienced.As defined by the SGHS, around 10% of the ACT adult population had experienced at least one harm from gambling in the past year, which fell to 16% when factoring in harms from others’ gambling.The most common harms reported were a reduction in available spending money (suffered by 5.6% of adults) and reduced savings (4%). Again, those affected were disproportionately male, with twice as many reporting harm as women.Aside from those directly affected by gambling, 5% of ACT adults (approximately 17,000 adults) said they had been affected by family members’ or friends’ play. Females made up 58% of those affected by someone else’s habit, leading to issues such as arguments, breakdown in communication, feelings of anger, reduction of trust, and stress or anxiety.However, 14% said they were unaware of where to turn for help, and just 2% of gamblers had sought help for issues arising from their play over the past year. People were generally unaware of what resources were available to them, with 50% saying they would search online if they felt they needed support, with just 15% likely to call a helpline, and 9% planning to contact Gamblers Anonymous.Despite the high level of engagement in gambling, researchers found that attitudes towards the past time were predominantly negative, especially in relation to electronic gaming machines (EGMS), or poker machines. In total, 64% of respondents said these devices did more harm than good for their community.People were also overwhelmingly in favour of introducing restrictions on play, with 71% in favour of limit-setting, compared to 13% against and 16% neither for nor against. There was also strong support for reducing maximum stakes on EGMs from its current $10, with the average limit suggested $6.92.Paterson noted that EGM use remained the most reliable indicator of individuals developing unhealthy habits.The survey is conducted every five years, with its next iteration to be published in 2024. Regions: Oceania Australia 28th October 2019 | By contenteditor Topics: Casino & games Legal & compliance Lottery People Sports betting Slots Horse racing
Tags: Slot Machines Casino & games Australia’s Aristocrat Leisure has reported a 22.7% year-on-year increase in revenue for the 12 months to 30 September, to AUD$4.40bn on a statutory basis. 20th November 2019 | By contenteditor Topics: Casino & games Finance Slots Social gaming Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter US and social gaming drive Aristocrat to record FY revenue Regions: Oceania US Australia Email Address Australia’s Aristocrat Leisure has reported a 22.7% year-on-year increase in revenue for the 12 months to 30 September, to AUD$4.40bn (£2.32bn/€2.71bn/US$3.00bn) on a statutory basis.The supplier saw growth in its land-based gaming supply business and an M&A-driven boost to its digital division push it to a new full-year revenue record, which was up 14.8% on a constant currency basis.The Americas division was the largest single source of revenue, accounting for $1.95bn of the total, a 23.3% improvement on the prior year. This was aided by growth in the installed base of Aristocrat’s Class II and III gaming machines, with Class II up 3.9% year-on-year to 25,220 units, and Class III installs up 14.3% to 22,998. Average fee per terminal per day rose 1.3% to USD$50.46.The launch of new hardware, such as the MarsX, EdgeX, Winners World cabinets also led to an increase in outright sales for the year, with the total number of platforms installed rising 29.6%, at an average price per unit of USD$18,097. This offset a slight decline in revenue from Latin America, which Aristocrat blamed on challenging conditions in the Mexican and Argentinean markets.The strong performance of the Americas business offset weaker performance in the Australia and New Zealand and International segments. Revenue from Class III supply operations in Australia and New Zealand casinos rose 0.4% year-on-year to $456.2m, while International revenue fell 2.9% to $204.5m.Digital, meanwhile, saw revenue climb 33.6% to $1.79bn, with the division benefitting from full-year contributions from Plarium and Big Fish Games, acquired in October 2017 and January 2018 respectively.Bookings (the total amount of revenue generated in a period) climbed 21.1% to USD$1.23bn of which 52.0% came from social casino games, while casual games accounted for the remaining 48.0%.Heart of Vegas, the social slot app developed by Product Madness, accounted for 15% of this total, followed by Big Fish Casino on 14%, then Cashman Casino on 11%.“We also made significant strides in bedding down recent Digital acquisitions, leveraging critical skillsets and establishing a diversified portfolio approach, analogous to our proven land-based growth strategy,” Aristocrat chief executive Trevor Croker explained.Looking ahead, Croker said that the Digital division would focus on growing its presence in the casual gaming segment.“The successful global launch and scaling of RAID: Shadow Legends, our first entry into the CRPG genre, contributed to our performance and generated valuable insights we will apply to future game launches and genre entry strategies.”For the year, revenue-related costs rose to $1.97bn, leaving a gross profit of $2.43bn, up 23.0% year-on-year.Aristocrat then reported $11.1m in other income, down from $13.5m in the prior year, while design and development costs growing to $500.4m. Sales and marketing expenses grew 19.7% to $217.1m, with administrative costs rising to $611.6m, and finance costs to $135.1m.This left a pre-tax profit of $973.5m, up 27.6% from FY2018, and a full-year profit of $698.8m after $274.7m of income tax was paid.“Aristocrat delivered another year of high-quality profit growth in fiscal 2019, further extending our track record of share taking and organic momentum, driven by strong investment in talent, product portfolios and marketing across our Land-based and Digital businesses,” Croker commented.“Sustained operating performance drove strong free cash flow generation, which was in turn invested to fund further growth, pay progressive dividend increases and provide significant balance sheet optionality for the future.”For the current fiscal year, which began 1 October, the supplier said it expects to see continued growth in outright sales in the North American market, with its installed base to expand further.Digital, meanwhile, will be driven by newly launched titles being scaled, with user acquisition spend to be kept to a rate of between 25% and 28% of the division’s revenue.As of 19 November, the business also made structural changes to reflect the fact that the majority of its profits are generated from the US market, which currently represents more than 60% of the group total. While it will continue to pay taxes in Australia, it will recognise a one-off deferred tax asset of approximately $1bn in the first half of the year, to 31 March.As a result, its effective tax rate, when factoring in the deferred asset, will be approximately 23.5% to 24.5% of profit.
Topics: Lottery Lottery Subscribe to the iGaming newsletter Email Address AGTech seals lottery terminal deal with parent Alibaba 11th December 2019 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: China Beijing GOT Technology, a subsidiary of AGTech, has entered into an agreement with its parent company Alibaba to supply equipment including point-of-sale terminals and facial recognition payment equipment to the the world’s largest retailer and e-commerce company.AGTech’s terminals are intended to complement Alibaba’s new retail strategy, in which digital and over-the-counter retail features are combined.“The group believes that Alibaba Group’s ‘new retail’ initiatives present a great opportunity for the further development of the group’s lottery hardware business,” AGTech explained.AGTech would also be able to expand its customer base by leveraging Alibaba’s – the world’s largest ecommerce business – huge reach, it added, with work already underway on developing ways to refine its lottery distribution models.“The group has been collaborating with Alibaba Group’s retail ecosystem to enhance on lottery distribution models,” AGTech continued. “Through Alibaba Group’s physical new retail distribution channel and networks, supplying the relevant hardware products in relation to Alibaba Group’s new retail initiatives allows the group to bring lottery opportunities and resources to more customers, therefore presenting direct opportunities for the further development of the group’s domain expertise of lottery technology and services.”AGTech was already established as a supplier of lottery hardware in China before it was snapped up by the ecommerce giant in March 2016.This year, the AGTech group won the rights to apply lottery terminals for the Chinese Sports Lottery and Welfare Lottery in five Chinese provinces as well as the cities of Beijing and Tianjin. This follows on from 2018, when the group won 19 lottery hardware tenders. Beijing GOT Technology, a subsidiary of AGTech, has entered into an agreement with its parent company Alibaba to supply equipment including point-of-sale terminals and facial recognition payment equipment to the the world’s largest retailer and e-commerce company.