Poker & eGaming News
81
Industry news about online real-money gambling
Curated by Carl Zide
Follow
Scooped by Carl Zide onto Poker & eGaming News
Scoop.it!

Declining iPoker network hopes to get Everest and Betfair, Pokerfuse

Declining iPoker network hopes to get Everest and Betfair, Pokerfuse | Poker & eGaming News | Scoop.it

Playtech’s impressive first-half financial results released today were marred only by the continued poor performance of its poker platform, iPoker. The group is looking toward both new licensees and a real-money mobile platform to boost its ailing network.

 

Poker understandably received slim attention in an otherwise glowing half-annual report:

The international poker market remained challenging for the first six months of the year, causing poker revenue to fall by 9% to €9.7 million. The iPoker network maintained its position as the leading independent poker network in the dotcom market place, and we are currently in discussions with a number of significant new licensees who wish to join the network.

 

Revealed on pokerfuse last week, one major new licensee in talks with Playtech is is Everest Poker, which plans to shut its independent poker room and join the network. Although considered a micro-network, it would bring a possible 20% boost to player numbers on iPoker. It operates a larger French network, which would completely reinvigorate Playtech’s presence in France. Rumored to be in talks with joining the network is Betfair, which currently operates on the Ongame network but is reportedly looking for a new home.

No comment yet.
Your new post is loading...
Scooped by Carl Zide
Scoop.it!

New York casino outstrip the rest of the US, Simon Liddle InterGame

Resorts World New York, the $800m casino complex operated by Genting, claims to have been the most lucrative slot operation in the whole of the US in May. The casino, which is not permitted to operate table games, generated gross gaming revenues of $57.5m in May, outpacing Connecticut’s Mohegan Sun at $55.5m. It also claims to have surpassed the slot gaming revenue generated by casinos in Las Vegas, Pennsylvania and Atlantic City.

 

The property was opened in October 2011 at the state’s Aqueduct racetrack. Under an agreement with the State of New York, 70 per cent of Resorts World’s monthly gaming revenues goes to education, the horse racing industry and other state entities.

 

Resorts World contributed $40m to the state in May, compared with the $30m contributed to Nevada by the 41 Las Vegas Strip casinos combined. To date, the casino has contributed $252m in taxes to the state. This arrangement is seen as key to the full legalisation of casinos in New York, which will require an amendment to the constitution approved by a public referendum. Proposals include licensing up to seven full-scale casinos.

No comment yet.
Scooped by Carl Zide
Scoop.it!

Genting profit fall, iGaming Post

Genting profit fall, iGaming Post | Poker & eGaming News | Scoop.it

GENTING Singapore announced recently that its first-quarter net profit dropped 33 per cent on-year to S$205.5 million due to lower gaming revenue. Profits were also dragged by greater depreciation after the opening of new hotels and attractions at its Universal Studios theme park, the Singapore unit of Malaysia’s Genting said.

 

Its Singapore casino, Resorts World at Sentosa, made S$376.4 million in adjusted earnings before interest, tax, depreciation and amortisation last quarter, down from S$528.4 million a year earlier. Genting’s EBITDA was lower than the US$472.5 million reported by rival Marina Bay Sands. Resorts World’s net revenue fell 14 per cent to S$787 million, due to the casino’s lower win percentages and business volumes in the premium-player business.

No comment yet.