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Carl Zide
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Amaya subsidiary Ongame acquire new partner
MONTREAL, Canada – December 18, 2012 – Amaya Gaming Group Inc. (“Amaya” or the “Corporation”) (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry, announced today that Redbet Gaming Ltd (“Redbet”) has chosen Amaya’s wholly owned subsidiary Ongame Network Ltd. (“Ongame”) for a two-year licensing agreement to power its company-wide poker business. The multi-site deal includes popular brands such as Redbet.com, Whitebet.com and Heypoker.com.
“When leaving the IGT poker network we did a thorough investigation of all B2B poker providers,” said Adam Vella, Head of Poker at Redbet Gaming Ltd. “Selecting Ongame was an easy choice. Ongame combines excellent network management with a rock solid technical platform. Today, Ongame now provides poker to all of our major sites.”
“We’re pleased to add Redbet to our growing family of clients and look forward to exceeding their expectations in us as a technology partner,” said Darcy Krogh, VP of Business Development at Amaya. “We continue to execute on Amaya’s plan for Ongame, which is to leverage its scalable software architecture and infrastructure to add new partners to Ongame’s network, including in new jurisdictions. With Amaya’s regulatory experience and proven platforms in both poker and casino, we are an increasingly viable option for those looking for new partnerships online.”
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Carl Zide
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Shuffle Master is the latest provider to officially be granted a license to prove iPoker services to Nevada casinos. Earlier today, the company became the third company to receive approval by the Nevada Gaming Control Board. Bally Technologies and International Game Technology are the other two companies. Anyone using Shuffle Master as a provider would be looking at January 2013 as their go-live date.
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Carl Zide
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The IGT Network, formerly Entraction, has expanded its list of blocked countries adding 20 new banned countries. Banned countries include: Australia, Spain, Belgium, Cyprus, Turkey, Israel, Norway, Russia, Canada, South Africa, China, Ivory Coast, Monaco, Denmark, France and Estonia. However, one notable omission from the blacklist is Italy: IGT/Entraction apparently continues to allow Italian players without the network nor any of its operators holding a license. IGT, who purchased Entraction and rebranded it at the beginning of the year, was one of the first to receive approval in Nevada for an online poker license.
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Carl Zide
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As online gambling legislation looks set to change in America, and social gaming continues to grow in popularity, the line between gambling and gaming is set to become less and less distinct. Whatever path Zynga chooses their growth is almost guaranteed. They are certain to enter the real money gambling market sooner rather than later and it wouldn’t be surprising if within a year players are able to enjoy a real money version of Zynga poker. Recent crossovers between social gaming and gambling include the purchase of Playtika by Caesar’s Entertainment and Double Down Interactive by International Game Technology. However, it is Zynga, after announcing at the beginning of the year that they are looking for partnerships in the gambling area, who really are at the forefront of the gambling-gaming crossover. Mark Pincus, the CEO of Zynga, has said that the possibilities of social gambling games are “mind-blowing”. Zynga’s partnership with gambling operators Wynn could lead to an extremely powerful franchise if they manage to use Wynn’s reputation and expertise to their advantage. This may lead to the formation of another company and see Zynga sell off its “family friendly” side to Facebook. Zynga Poker: - 33.8 million active players (per month). - 61 million likes on Facebook. The only page with more likes? Facebook itself.
- 55 million hands daily.
- “Pays out” 16 trillion in chips daily. If each chip represents a dollar, that pays off the U.S. national debt in…less than a day, with a little more than 200 billion chips to spare.
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Scooped by
Carl Zide
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Scooped by
Carl Zide
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Scooped by
Carl Zide
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Scooped by
Carl Zide
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Scooped by
Carl Zide
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International Game Technology Reports Third Quarter Fiscal Year 2012 Results: - Revenues increased 13% to $301 million in the third quarter, primarily due to increases in the interactive businesses. Excluding the interactive businesses, revenues were flat. - Gross margin decreased to 59% from 62% in the third quarter, primarily due to the inclusion of the interactive businesses and lower MegaJackpots® yields. - Installed base increases were primarily driven by global lease operations growth. - Excluding the positive impact from the interactive businesses, average revenue per unit per day in the third quarter was $50.20, down 4% sequentially and 7% over the prior year quarter, mainly due to lower MegaJackpots® yields and a higher mix of lower-yielding units in the installed base. - Double Down bookings per daily user were $0.25 in the third quarter compared to $0.24 in the second quarter subsequent to acquisition. - Double Down monthly users were 5.2 million as of June 30, 2012, a decrease of 7% when compared to March 31, 2012. US Dollars (US$) Q3 2010/11 Q3 2011/12
Gaming Operations (inc. Interactive) 267.4m 301.2m
Product Sales 221.6m 231.6m
TOTAL 489.0m 532.8m Other sources: http://www.gamingintelligence.com/premium-news-and-archive/16931-costs-and-expenses-weigh-on-igt-as-q3-profit-slumps ; http://www.gaming-awards.com/NEWS/igt-report-46-drop-in-quarterly-results/ IGT’s net income has declined for three straight quarters. In the second quarter, net income fell 11.1% from the year earlier, while the figure fell 33.1% in the first quarter. http://www.casinocitytimes.com/article/igt-credits-revenue-rise-partly-to-social-gaming-61120 http://www.innovategaming.com/2012/07/igt-reports-q3-2012-revenues-9-percent-533m/
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Carl Zide
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The approval process for online poker licensing in Nevada moved forward again on Tuesday with two applications, PaddyPower and Shuffle Master, passing the suitability hearing phase before the Nevada Gaming Commission. Shuffle Master joins the “manufacturer/provider” category of firms who will offer interactive gaming systems, the same role occupied by Bally Tech and IGT. Current Ongame parent bwin.party has subsequently claimed six new suitors for the software platform in a recent press release, though whether any of them is eyeing the US market remains undisclosed. Both Shuffle Master and PaddyPower are likely to receive formal approval of their applications later this month. Other sources: http://www.lvrj.com/business/shuffle-master-recommended-for-interactive-operations-162103235.html http://www.gaming-awards.com/NEWS/paddy-power-passes-nevada-license-test/
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Carl Zide
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KSNV reports that Bally Technologies becomes the first company to be fully licensed for online gambling, June 21.
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Carl Zide
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The social gaming sector is estimated to grow from around $8bn in global revenues this year to around $15bn in 2015, according to Think Equity. Caesars Entertainment acquired Playtika (Slotomania) for $170m in December 2011. Official company description: “A lot of effort, not a lot of results.” 888 Holdings acquired social poker and bingo games developer Mytopia for $18m in June 2010. Official company description: “Reduced expectations of income growth." International Game Technology’sacquired DoubleDown Interactive for $250m in January 2012. Official company description:"Will need to grow its user base to generate profitability." (showing loss with 1,4 M daily and 5 M monthly users) The growth of users has been “dramatically below what we believe is necessary to achieve our estimate.” Bwin.Party Digital Entertainment unveiled its Win.com social gaming division and announced the acquisition of Velasco Services Inc. and Orneon Limited for $23m in may 2012. MGM Resorts International is set to imminently launch its MyVegas social gaming site. Wynn Resorts is according to rumours i talks with the largest social gaming developer Zynga.
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Scooped by
Carl Zide
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After reporting a slight decline for the first time since Nov 2011 in April, the AGEM index witnessed a more dramatic decrease of 11% in May 2012. AGEM index: -11,3% Dow Jones Industrial: -6,2% S&P 500: -6,3% Nasdaq: -9,8% Selected negative contributors to the AGEM index included:
Konami, KNM: -27.4 %
International Game Technology, IGT: -8.2 %
WMS Industries, WMS: -16.2 % The AGEM index comprises of the largest land-based casino providers including: Aristocrat Technologies, Aruze Gaming America, Austrian Gaming Industries, Bally Technologies, GTECH / Spielo International, International Game Technology (IGT), Intralot S.A., Konami Gaming, Scientific Games, Video Gaming Technologies (VGT), WMS Gaming and Shuffle Master.
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Scooped by
Carl Zide
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When US-technology firm IGT bought Swedish poker network Entraction for $114 million it raised more than a few eyebrows in the poker industry. This was a major US technology firm entering into the online poker space in a very visible way. There could only be one conclusion. They knew something: online poker legislation was on its way soon. But that is to diminish the potential for growing what was previously known as the Entraction Network, and is now known as IGT Poker, in Europe. IGT Poker is currently the 13th largest poker network on PokerScout, but as Peter Laverick, director of marketing at IGT Interactive, notes it has a huge amount of growth potential if it can target some of its rivals big clients. Nonetheless it's the US market that remains the biggest opportunity. With IGT having close relationships with many US casino groups it is well placed to cash in on any regulation stateside.
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