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Fortuna turnover +15%, earnings -15%, iGamingBusiness

Fortuna turnover +15%, earnings -15%, iGamingBusiness | Poker & eGaming News | Scoop.it

Central and Eastern European online and retail sportsbook operator Fortuna Entertainment Group NV has released its financial results for the first six months of 2012 showing that it experienced a 14.7 percent year-on-year rise in total revenues to €48.04 million.

 

Earnings before interest, tax, depreciation and amortisation for the six months to the end of June hit €10.13 million, which was a decline of 14.7 percent year-on-year, with Fortuna declaring that this area had been impacted by a 212 percent drop in earnings from its lottery business when compared with the same period in 2011 to post a deficit of €3 million although sportsbetting experienced a 2.3 percent improvement to €13.14 million.

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bwin.party actual revenues up 50% due to merger

Pro forma total revenue up 3% to €410.0m with growth in casino & games and sports partially offset by a decline in poker. Actual total revenue up 50% to €410.0m driven primarily by the Merger*

 

Pro forma Clean EBITDA from Continuing operations up 13% to €92.3m due to revenue growth and synergies, partly offset by increased gaming duties from locally regulated markets. Actual Clean EBITDA from Continuing operations up 81% to €92.3m primarily due to the Merger.

 

Poker is a key area of focus and we are determined to return it to growth through execution of a detailed plan that includes pooling our poker liquidity as well as repositioning our flagship PartyPoker brand. We expect both initiatives to have a positive impact on our performance, along with our recently launched FastForward Poker product.

 

Other sources:

http://www.casinochoice.co.uk/2012/08/31/bwin-party-focuses-on-poker-growth/

http://www.gamblingcompliance.com/node/49894

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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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Galaxy first-half profit surges on new resort, Yogonet

Galaxy first-half profit surges on new resort, Yogonet | Poker & eGaming News | Scoop.it

Galaxy Entertainment Group’s first-half profit climbed nine fold after the Macau casino operator drew more Chinese visitors to a gambling resort it set up last year. Net income for the six months ended June rose to us$ 445 million from us$ 48.7 million a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, surged to us$ 605.8 million from us$ 232 million for the six months.

 

The company opened the Galaxy Macau resort on the city’s Cotai strip in May last year. It plans to invest us$ 2 billion to almost double the size of that gambling center in the Chinese city to compete with rivals including Sands China, Wynn Macau and Melco Crown Entertainment First-half revenue doubled to us$ 3.64 billion.

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Codere turnover 820 MEUR H1 2012, Yogonet

Codere turnover 820 MEUR H1 2012, Yogonet | Poker & eGaming News | Scoop.it

Turnover during the first half of 2012 totalled 819.7 million euros, 29.7% more than in 2011. The Gross Operating Profit, EBITDA, reached 155.5 million euros during the first
half of the year, representing an increase of 15.3% with respect to the previous year. In the second quarter 2012, EBITDA totalled 76.8 million euros, exceeding the company’s forecast for this period, which had estimated this figure at around 68-71 million euros.

 

In Argentina, turnover totalled 328.1 million euros, up 27.5% with respect to the previous year, while EBITDA amounted to 89 million euros. This growth stemmed primarily from an increase in the number of terminals, 11.1% more than in 2011, and from the average daily revenues obtained per machine, an increase of 18.5% in euros.

 

Other sources:

http://www.igamingbusiness.com/content/codere-first-half-turnover-rises

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Louisiana casinos take in us$ 197 million in July, Yogonet

Louisiana casinos take in us$ 197 million in July, Yogonet | Poker & eGaming News | Scoop.it

Louisiana's state-licensed casinos took in nearly us$ 197.6 million from gamblers in July, a 12 % drop in winnings from July 2011 and a 3 % dip from the previous month.

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Cherryforetagen turnover +13%, iGamingBusiness

Cherryforetagen turnover +13%, iGamingBusiness | Poker & eGaming News | Scoop.it

Swedish online gaming firm Cherryforetagen AB has released its interim financial results for the first six months of 2012 showing a 13 percent year-on-year increase in turnover to SEK234.6 million ($35.5 million).

 

Stockholm-based Cherryforetagen operates the PlayCherry.com online gaming site alongside NorgesAutomaten.com, SverigeAutomaten.com and DanmarksAutomaten.com and declared that its earnings before interest and tax for the six-month period rose by 503 percent year-on-year to SEK18.1 million ($2.7 million) while earnings before interest, tax, depreciation and amortisation improved 174 percent when compared with the same period last year to SEK24.1 million($3.6 million).

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Redbet improve online casino revenue, iGamingPost

Redbet Holding AB, the Swedish online gambling provider has released its interim financial results for the second quarter of 2012 showing a 59% increase in operating income to $3.7 million.

 

Redbet which is based in Stockholm operates the Redbet.com, OptiBet.lv, HeyPoker.com, WhiteBet.com, GoldClubCasino.com and TotalPoker.com domains and revealed that the three-month period saw it post a profit of $30,287 compared to a loss of $272,60 for the same three months in 2011.

 

Other sources:

http://www.igamingbusiness.com/content/redbet-holding-boosted-online-casino-revenues

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Illinois Governor vetoes Gambling bill that could create 90 000 jobs, Innovate Gaming

Claiming the bill did not have enough oversight to prevent organised crime involvement, Quinn said yesterday, “We’re not going to have loopholes for mobster in Illinois. The bill that was on my desk was woefully deficient when it came to protecting integrity and honesty and regulation of gambling in our state.”

 

The bill [SB1849], which was approved by Legislature earlier this year, included a city-owned Chicago casino that could have facilitated 4,000 gamblers at once. It would have added riverboat casinos in Rockford, Danville and in two suburbs. It also included an expansion of slot machines including at horseracing tracks.

 

Chicago Mayor Rahm Emanuel was also disgruntled by the governor’s decision, saying that Chicago loses $20 million a month and jobs to casinos in neighbouring Indiana. Supporters claim the bill could have brought in as much as $1 billion annually, boosted tourism and created up to 100,000 jobs in Illinois.

 

Other sources:

http://www.gamblingcompliance.com/node/49872

http://www.gambling911.com/gambling-news/illinois-governor-quinn-points-%E2%80%98mob%E2%80%99-reason-gambling-expansion-veto-082912.html

http://www.vegasinc.com/news/2012/aug/29/governor-rejects-plan-expand-illinois-gambling/

http://www.gaming-awards.com/NEWS/governor-quinn-vetos-illinois-gambling-expansion-bill/

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How to predict when veterans quit? Dmitry Nozhnin Gamasutra

How to predict when veterans quit? Dmitry Nozhnin Gamasutra | Poker & eGaming News | Scoop.it

For new players, defining churn was dead simple – they just leave the game after a couple of minutes or hours. That's it. The last day of play was clearly defined, and data mining models on such churn factors were already well established. Loyal players are much harder to predict.

 

We're now able to with 95% certainty predict dramatic drops of veteran players' activity two to three weeks ahead of their exit from the game, allowing our community managers to take care of those players, resolve their issues, or offer some incentives to boost their loyalty.

 

Fascinating is the fact that no gameplay metrics made their way into the final data mining models. Prediction was purely based on metrics derived from days of activity and daily playtimes, which are generic for all games, and probably even for web services.

 

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888 in talks with Facebook regarding real money online poker, Aaron Goldstein 911Gambling

888 in talks with Facebook regarding real money online poker, Aaron Goldstein 911Gambling | Poker & eGaming News | Scoop.it

888 Poker has begun talking with Facebook, the social media giant, to bring “real money” online poker to jurisdictions where such activity is permitted, a la Great Britain, according to a report on eGaming Review.

 

Facebook earlier in the month launched its first “real money” online gaming venture in the form of what looked like a kid’s bingo site. Bingo & Slots Friendzy, developed by Gamesys, is only available to those living within the United Kingdom at this time.

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Vasileios Volikakis's curator insight, May 7, 2013 7:02 AM

888 Poker is currently ranked as the 4th most trafficked Web cardroom in the world

Facebook earlier in the month launched its first “real money” online gaming venture in the form of what looked like a kid’s bingo site.  Bingo & Slots Friendzy, developed by Gamesys, is only available to those living within the United Kingdom at this time

Mathaios Tsoukaris's comment, May 7, 2013 7:06 AM
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US Court: Poker is a game of skill not luck, Haley Hintze Pokerfuse

US Court: Poker is a game of skill not luck, Haley Hintze Pokerfuse | Poker & eGaming News | Scoop.it

Last week’s decision in the case of United States v Dicristina declaring poker to be a game of skill has many onlookers rejoicing, expecting the ruling in the Eastern District of New York (EDNY) federal court to suddenly herald a new and wide-open era of poker.

 

The IGBA and other federal gambling statutes, from the 1961 Wire Act through the 2006 UIGEA, uniformly ignore any mention of the word “poker,” leaving much to be interpreted by enforcement and judicial authorities.

 

The endstory was that the PPA, on behalf of Dicristina, offered better expert testimony than the prosecution’s expert, who mailed in a less rigorous proof of poker as gambling, replete with lack of first-hand knowledge and examples of opinion masquerading as factual analysis.

 

The verdict can always be appealed, and the government has already invested considerable resources in propagating the appearance of poker as an unsavory gambling activity; there’s no reason to expect that anit-poker-minded feds will just curl up into a ball and roll off into the sunset.

 

The Dicristina ruling applies only on the federal level, and the federal level might be a losing platform for arguing poker’s skill merits anyway.

 

Other sources:

http://www.gambling911.com/poker/judge-weinstein%E2%80%99s-ruling-poker-%E2%80%98game-skill%E2%80%99-could-spark-resurgence-online-082812.html

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Paddy Power revenues +29%, online +41%, iGaming Business

Paddy Power revenues +29%, online +41%, iGaming Business | Poker & eGaming News | Scoop.it

Retail and online sportsbetting provider Paddy Power has released its interim financial results for the first six months of 2012 showing a 29 percent year-on-year constant currency rise in net revenues alongside double-digit growth from every division.

 

Paddy Power stated that its first-half profit before tax had increased 21 percent year-on-year to €68.7 million ‘despite some adverse sports results’ since its May trading update while it currently holds a ‘strong’ balance sheet with net cash of €186 million.

 

Other sources:

http://www.casinochoice.co.uk/2012/08/29/paddy-power-takes-long-view-as-online-profits-stall/

http://www.gamblingcompliance.com/node/49873

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Svenska Spel investigates high-risk VLTs, Lina Sennevall GamblingCompliance

Swedish gambling monopoly Svenska Spel is investigating its video lottery terminal brand “Vegas”, after years of criticism that the terminals are increasing the numbers of problem gamblers. The lucrative “Vegas” terminals, located in restaurants and pubs, offer games that are classed as "high-risk" with one in ten players in Sweden being classed as a problem gambler.

 

Svenska Spel has more than 6,700 terminals located around Sweden that have a maximum betting limit of 5 SEK ($0.7) per hit and a 500 SEK ($75) jackpot. Each licence allows a maximum of five terminals. The Vegas terminals are the most lucrative product on Svenska Spel’s platform with a turnover of just over 2bn SEK ($300m) in 2011.

 

Swedish studies have suggested the number of terminals located in deprived areas was higher than numbers in wealthy areas.

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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.

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Research: Don't play more than 21 hours per week, Jane McGonigal

Reality Is Broken: Why Games Make Us Better and How They Can Change the World

~ Jane McGonigal (author) More about this product
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Price: $14.64
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Reality is Broken explains the science behind why games are good for us--why they make us happier, more creative, more resilient, and better able to lead others in world-changing efforts.

But some games are better for us than others, and there is too much of a good thing.

 

1. Don’t play more than 21 hours a week. Studies show that games benefit us mentally and emotionally when we play up to 3 hours a day, or 21 hours a week. (In extremely stressful circumstances--such as serving in the military during war-time--research shows that gamers can benefit from as many as 28 hours a week.)

 

2. Playing with real-life friends and family is better than playing alone all the time, or with strangers. Gaming strengthens your social bonds and builds trust, two key factors in any positive relationship. And the more positive relationships you have in real life, the happier, healthier and more successful you are.

 

3. Playing face-to-face with friends and family beats playing with them online. If you’re in the same physical space, you’ll supercharge both the positive emotional impacts and the social bonding. Many of the benefits of games are derived from the way they make us feel--and all positive emotions are heightened by face-to-face interaction.

 

4. Cooperative gameplay, overall, has more benefits than competitive gameplay. Studies show that cooperative gameplay lifts our mood longer, and strengthens our friendships more, than competing against each other. Cooperative gameplay also makes us more likely to help someone in real life, and better collaborators at work--boosting our real-world likeability and chances for success.

 

5. Creative games have special positive impacts. Many games encourage or even require players to design and create as part of the gameplay process--for example: Spore, Little Big Planet, and Minecraft; the Halo level designer and the Guitar Hero song creator. These games have been shown to build up players’ sense of creative agency--and they make us more likely to create something outside of the game.

 

http://janemcgonigal.com/2011/01/08/practical-advice-for-gamers/

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Real money gambling will not save Zynga, Jeff John Roberts GigaOm

Real money gambling will not save Zynga, Jeff John Roberts GigaOm | Poker & eGaming News | Scoop.it

Zynga is screwed and its share price shows it.  The game maker’s shtick of selling virtual hay for virtual horses is looking more like an internet fad rather than a viable business model. Meanwhile, Zynga’s recent games have been a flop and its longtime ally, Facebook, is looking for new partners.

 

According to Chris Griffin, CEO of gambling hub Betable, the winners and losers in the internet gambling market are being determined very quickly and Zynga will be hard-pressed to catch up. Griffin points to the mobile launch this week of Big Fish Casino — a game that lets people gamble on their iPhone in places like the U.K. The presence of these rivals mean there could be little left for Zynga.

 

“Big Fish has a six to nine month head start on Zynga … It’s a false notion that gambling will save them because the valuable players are already locked up and there is loyalty there,” says Griffin, who adds that the current population of Zynga users are unlikely to become overnight gambling fiends.

 

The bottom line is that gambling may be a huge potential revenue stream but that doesn’t mean any of it will go to Zynga.

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Gala Coral profits +11%, Yogonet

Gala Coral profits +11%,  Yogonet | Poker & eGaming News | Scoop.it

All of this left Gala Coral with a statutory gross profit for the three-month period of us$ 337.7 million, which was an 11% improvement year-on-year, while it stated that earnings before interest, tax, depreciation and amortisation from bingo grew by 21 % when compared with the same period in 2011 driven by ‘growth in spend per head and strong margins’.

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Pokerstars: “We fully expect to participate in the US market”, Yogonet

Pokerstars: “We fully expect to participate in the US market”, Yogonet | Poker & eGaming News | Scoop.it

"We have reached a settlement of the civil charges filed against us by the U.S. Department of Justice related to our former business offering real-money online poker.  As part of the settlement agreement, PokerStars has also acquired the assets of Full Tilt Poker, and we have committed to the full reimbursement of Full Tilt Poker customers outside the United States."

 

"The total amount to be paid by PokerStars is us$ 547 million which will be payable over a period of three years. The money paid to the US Government will in part be used to reimburse former Full Tilt Poker customers in the United States, through a remission process to be administered by the Department of Justice. PokerStars repaid all amounts owing to its own U.S. customers shortly after it closed its U.S. operations in April 2011."


"We fully expect to participate in a future regulated US market. Just what form that will take (state-by-state or federal regulation) remains to be seen.  We’ll certainly watch the developments closely and make decisions based upon the circumstances. We are the leading online poker site and licensed in more countries than anyone in the industry.  We bring tremendous value, credibility and integrity to the marketplace.  With our US legal issues now resolved, we are a very qualified candidate for a license."

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Ohio gambling rollout drops revenues in neighboring states, Scott Van Voorhis, GamblingCompliance

From Michigan to Pennsylvania, casinos are reporting a drop in revenue since Ohio’s first two casinos opened roughly three months ago in Cleveland and Toledo. More competition is on the way, with new casinos in Columbus and Cincinnati poised to open up in the coming months. Not to mention a bevy of new racetrack slot halls as well.

 

Not surprisingly, casinos closest to Ohio’s new gambling venues are taking the biggest hits.

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Playtech proves 80-20 rule ahead of iPoker split, Stephen Carter CasinoChoice

Playtech’s announcement it generated 79% of its revenues from its 15 most valuable clients in the first half of 2012, up from 72% a year earlier, coincides with the imminent segregation of operators’ players on its iPoker network into two groups based on a network performance scoring mechanism. Top-tier Playtech client Paddy Power yesterday welcomed the new policy, scheduled to come into force this month, commenting that it “should offer a better playing experience for our customers.” Playtech’s poker revenues were down 9% to €9.7m in the six months to 30 June.

 

Playtech credited the increased concentration of its business among its 15 largest licensees to “acquisitions and an overlap between customers of the acquired businesses and existing licensees.”

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Monetization is a four letter word, SuperData

The quickest way to lose respect in the games industry is to bring up monetization. Developers often see themselves as operating entirely free from any profit-motive, creating only beautiful experiences that transcend the banality of money. And publishers have become experts at dodging the army of payment solution providers that has started to crowd conferences in recent years. However, while often considered a dirty word, monetization is a key part of building a sustainable games company.

 

- Worldwide market for virtual goods to reach $14.8 billion in 2012E.

- APAC is the biggest region with $8.7 billion in total virtual goods sales, with China’s $5.1 billion market leading the pack.

- In India 1 in 5 virtual goods transactions are facilitated by prepaid cards.

- The Middle East shows a preference for bank transfers, which accounts for 18% of all virtual goods transactions in Egypt and 15% in Saudi Arabia.

 

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People play mobile games in the couch, bus or bed, InfoSolutions/PopCap

The most popular place to play mobile games is at home.

Home on the couch - 69%
As a passenger in a car, bus or train - 63%
Home while laying in bed - 57%
Waiting for an appointment - 55%
Watching television - 41%
On vacation - 28%
At work during lunch or other break periods - 27%
Waiting in line - 27%
On an airplane - 22%
Dining at a restaurant, cafe or coffee shop - 20%
Beach or by the pool - 16%

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Isle of Capri swings back to profit, G3 Newswire

Isle of Capri swings back to profit, G3 Newswire | Poker & eGaming News | Scoop.it

US local’s operator Isle of Capri Casinos saw a return to profit in its first quarter making more money, on its gaming floors, from its hotel rooms and from food and beverage despite a general economic softness and a pull-back in discretionary spending.

 

Net revenues for the quarter increased to $235.8m from $227.6m although comparisons to prior year were impacted by the closure of five properties for part of the first quarter in fiscal year 2012 due to flooding of the Mississippi River.

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No Online Poker in Latest Round of Licenses in Schleswig-Holstein, Nick Jones Pokerfuse

No Online Poker in Latest Round of Licenses in Schleswig-Holstein, Nick Jones Pokerfuse | Poker & eGaming News | Scoop.it

Five more licenses to operate online sports betting in the German state of Schleswig-Holstein were issued on Tuesday, with recipients Ladbrokes and 888 among the new additions.

The Home Office will continue processing applications, with now over 40 operators under consideration, including 22 for “online casino games” including poker, according to yesterday’s statement.

 

However, the latest batch were all sports-betting licenses, bringing the total number of licenses issued to date to 12. Along with 888 and Ladbrokes, Cashpoint Malta Ltd and Admiral Sportwetten (recipient of two licenses) join the likes of Betfair, JAXX, Bet365 and bwin.party. All licenses are good for six years.

 

Other sources:

http://www.igamingbusiness.com/content/schleswig-holstein-issues-five-more-licences

http://www.g3newswire.com/germany-confusion-reigns-schleswig-holstein-internet-casinos/

http://gamingzion.com/gamblingnews/schleswig-holstein-issues-more-online-gambling-licenses-2904

http://www.gamblingcompliance.com/node/49869

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