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Would EA venture into real-money online gambling? Dean Takahashi VentureBeat

Would EA venture into real-money online gambling? Dean Takahashi VentureBeat | Poker & eGaming News | Scoop.it

Social gaming giant Zynga has announced it will move into real-money online gambling in early 2013. Electronic Arts has a big stake in casual social casino games such as Lucky Gem Casino Slots, and it has a relationship with the World Series of Poker TV series.

 

But it hasn’t decided yet whether to add real-money gambling to those games, according to Frank Gibeau (pictured below), the president of EA Labels and the head of the company’s game development efforts. It would be easy to do, but there’s a lot of discussion about the complexity it would add to the business and whether it’s the right thing to do culturally, Gibeau said.

 

“The leap from [social casino games] to real money is conceptually small, but it is a complicated one,” Gibeau said. “It’s a world market issue. There is a lot of U.S. regulation. There are fully regulated markets all over Europe and some emerging in Asia. I do thing real-money will be a growth driver for gaming. I have nothing to announce. We’re following the trends and events in real money. “

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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.

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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.

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