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Industry news about online real-money gambling
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Record quarterly revenues for Bally

Record quarterly revenues for Bally | Poker & eGaming News | Scoop.it

Fresh from acquiring the business-to-business iGaming platform of French operator Chiligaming, online and land-based casino games and solutions supplier Bally Technologies Incorporated has announced its financial results for its third quarter.

 

A developer of slot, video machine, casino management and server-based solutions for the global gaming industry, Las Vegas-based Bally revealed record quarterly revenues to the end of March of $228.6 million, which was a 19.6 percent year-on-year improvement, while the figure for the previous nine months rose 16.4 percent when compared to the same period in 2011 to $634 million.

 

In addition, operating income swelled by 32 percent to $50 million compared with $38 million for the same period in 2011 with the margin rising to 22 percent from 20 percent.

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Fast-Fold Poker: What the Industry has to Offer, Jocelyn Wood at Pokerfuse

Fast-Fold Poker: What the Industry has to Offer, Jocelyn Wood at Pokerfuse | Poker & eGaming News | Scoop.it

It took more than a year, but poker rooms are finally starting to understand the appeal of fast-fold poker. We take a look at the three games available to play today.

 

Yet despite the opportunity for new game formats, its popularity among players and its natural fit for casual and mobile gaming, Full Tilt enjoyed almost all of 2010 without a single competitor to the fast-fold throne.

 

InstaDeal (seen on Terminal Poker, PokerTube)

Fast Poker from Relax Gaming (Seen on Unibet and iGame)

PokerStars Zoom Poker

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Growth sees Svenska Spel revenues return to 2007 levels

Svenska Spel CEO Lennart Käll has once again highlighted his company’s inability to effectively compete with overseas operators due to its licence restrictions, stating that while the company’s gaming revenues have returned to the level of a few years ago, the Swedish gaming market as a whole has grown by approximately SEK1.0bn (US$149m).

 

“The range of offerings over the Internet, mobile and tablets is increasing at a rapid rate. Today, casino games online and on mobile phones account for much of the growth of the market, a form of gambling that Svenska Spel in its current situation does not have permission to offer.”

 

“The positive quarter is encouraging but we still have a challenge to counter the loss of market share to our competitors,” added Käll.

 

“To increase our competitiveness we need to increase our investment in the digital platform. To finance an increased level of investment, we will improve cost efficiency and better define roles and responsibilities, implementing an extensive restructuring program over the coming years.”

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Tapie Planning New Online Poker Site

Tapie Planning New Online Poker Site | Poker & eGaming News | Scoop.it

In the wake of the failed negotiations to purchase Full Tilt Poker between Group Bernard Tapie and the U.S. Department of Justice, Laurent Tapie has sent an email to Full Tilt employees that were working on a relaunching of the site, expressing his desire to start a new online poker room.

 

Not wanting the more than half a year spent in negotiations with the DOJ and FTP to go to waste, Tapie has asked all key personnel of Pocket Kings, the parent company of FTP, to join him in his latest endeavor of launching a new website "that will be best of breed in 6-7 months," it was reported by Diamond Flush Poker.

 

Tapie says  I am also negotiating with Poker Strategy to resurrect an affiliate arrangement similar to that which I was negotiating with FTP."

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Caesars boosts online revenues but grows losses, Tom Victor EGR Magazine

Caesars boosts online revenues but grows losses, Tom Victor EGR Magazine | Poker & eGaming News | Scoop.it

The rise helped group net revenues reach $2.27bn, a 4.3% increase on the corresponding period in 2011, although group losses nearly doubled year-on-year to $280.6m. Online and social revenues now count for 2.8% of its overall revenues.


The operator’s egaming arm Caesars Interactive Entertainment (CIE) acquired a 51% stake in social games developer Playtika last May before making it a fully-owned subsidiary by securing the remaining 49% in Q4 2011. However in an analyst call last night CEO Gary Loveman described the social investment as "A lot of effort, not a lot of results."


Earlier this year CIE extended its agreements with Dragonfish and Barrière ahead of potential US regulation, while last month, at the start of the operator’s second quarter, Caesars received a $60.8m investment in CIE from Ohio-based casino group Rock Gaming.

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Increased volumes aid Net Entertainment growth, iGaming Business

Increased volumes aid Net Entertainment growth, iGaming Business | Poker & eGaming News | Scoop.it

Online gambling software developer Net Entertainment AB has released its interim financial results for the first quarter of 2011 showing that revenues increased by 33.9 percent year-on-year to $18.97 million (SEK127.5 million).


Stockholm-based Net Entertainment revealed that its operating profit for the three-month period rose over 52 percent year-on-year to $5.96 million (SEK40.1 million) from a margin that had improved 3.8 percent to 31.4 percent.


All of this saw the Swedish firm report a profit after tax for the first quarter of $5.14 million (SEK34.6 million), which was a 51 percent improvement when compared with the same period last year.


“We are also starting to see results from the investments we have made in Italy, which is now the company’s third largest market where Norway and Sweden are the two largest markets.“


“Historically, Net Entertainment has had a small presence on the UK market, which is Europe’s largest market for online games. Positive discussions are ongoing with several operators.“

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Casino Social Games To Boost Zynga’s Mobile Growth, William Chambers GamblingCompliance

Social gaming firm Zynga has made significant headway in launching a mobile platform, and said yesterday in results for the first quarter of 2012 that mobile daily average users (DAUs) jumped to 21m, up from 12m in the fourth quarter.

 

CEO Mark Pincus told analysts in a post-results conference call yesterday evening that this growth has made the company the “largest mobile gaming network” by users.

The San Francisco-based firm beat market estimates, as booming virtual goods sales drove a 32 percent year-on-year increase in revenue to $321m in the quarter, but the company also posted an $83m net loss due to stock-based expenses.

 

Bookings - or sales of virtual goods in games - came in at a record $329m, up 15 percent year-on-year, and up 7 percent on the fourth quarter, according to the statement.

 

Zynga makes the majority of money from the sale of goods in games such as poker chips, but its games do not qualify as gambling as users are not allowed to cash out winnings.

 

However, the social gaming market leader has expressed an interest in exploring real money gambling, and has been linked for potential partnerships with operators such as casino giant Wynn Entertainment.

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Playtech buys Viaden/CTXM for 95 MEUR, Robin Harrisson EGR Magazine

Playtech buys Viaden/CTXM for 95 MEUR, Robin Harrisson EGR Magazine | Poker & eGaming News | Scoop.it

Playtech acquires CTXM and invests in 20% of social casino and mobile business Viaden both from Playtech founder Teddy Sagi – companies will focus on social gaming rather than real-money products.

 

eGR also understands that Playtech has acquired a stake in Zeda Poker, a B2C social site “powered by Viaden Gaming.”

Slots Farm, which currently has around 1.4m monthly active users according to AppData, was launched on CTXM’s Gaming OS platform in August last year.


As a result of the acquisitions both Viaden and CTXM will now shift their focus from developing real-money gaming products to concentrating on social and mobile development.

The software for Soda Poker is almost identical in appearance to Calshark, the free-play dot.com poker site launched by the California Online Poker Association (COPA) in October last year, which went live with software provided by Playtech and “supported by” SciPlay, the joint venture company formed in January 2010 between Playtech and Scientific Games.

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Aristocrat & GameAccount powers first integrated casino, Gaming Intelligence

Myliveonlinecasino.com is a free-to-play website that allows customer to play slots games, win virtual credits, compete in online tournaments, as well as sign-up for the casino’s Live! Rewards players card.

 

Developed in association with Aristocrat Technologies and its partner GameAccount, the site claims to be the first play-for-fun online gaming environment to be branded and integrated with an existing gaming property's casino management system.

 

Aristocrat has subsequently signed two further deals with U.S casinos to launch play-for-fun online casino operations – Michigan-based Island Resort & Casino and Scioto Down Casino & Racetrack in Columbus, Ohio.

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888 continues record performance, Poker up 88%, Inside Poker Business

888 continues record performance, Poker up 88%, Inside Poker Business | Poker & eGaming News | Scoop.it

888 continued its record run of poker results with an 88% rise in poker revenues to $21 million during Q1. It contributed to a 25% rise in group revenue during the period, which was reported as a record $94 million.

 

Poker has been a hugely impressive vertical for 888 in the past year with the firm now the fourth most popular site, according to PokerScout. Casino revenues were also up 26% in the quarter to $33m, while bingo revenues fell 5% to $14m.

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Bally reports strong third quarter results, Jon Yarker EGR Magazine

Bally reports strong third quarter results, Jon Yarker EGR Magazine | Poker & eGaming News | Scoop.it

Bally Technologies has reported record gaming operation revenue growth generating US$92.5m compared to US$80m for the corresponding period in 2011.


The technology provider saw total revenues reach US$228.6m for the three months ended 31 March, a 19.7% increase on its Q3 2011 total.


There was no specific mention of online numbers despite the creation of an egaming arm last October. The company acquired Chiligaming’s B2B platform in February and last month agreed a deal in principle to combine online poker liquidity with Aristocrat in the yet-to-regulate US market. The free-play Golden Nugget online poker offering, the first addition to the B2B iGaming Platform before the deal between Bally and Chili, is understood by eGR to be close to launch.

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Election Countdown Pressure For Schleswig-Holstein Licences, Daniel Macadam

Schleswig-Holstein’s incumbent government has survived another attempt to destroy its nascent gambling regime, but now has only four working days left to issue licences before elections in Germany’s northernmost region.

 

That victory leaves ministers free to issue gambling licences to the 30-plus operators which have already applied, in what would be one of their last acts of government.

 

The people of Schleswig-Holstein go to the polls on Sunday May 6 with the Christian Democrats, currently in coalition with the libertarian Free Democratic Party (FDP), neck-and-neck with their main opponents, the Social Democrats.

 

Still, German legal experts are unconvinced they will go through with that immediately.

“It certainly becomes less probable if licences are issued next week,” said Frieder Backu, gaming and tax lawyer at SSW Schneider Schiffer Weihermueller. “Moreover the abolition of the law would still need some time. A new coalition has to be negotiated first.”

 

Joerg Hofmann, partner at Melchers law firm, agreed: “Once operators are online, the train has left the station.” “Even if politicians would again think about trying to revoke the new law, they would need two hearings in the parliament to pass a new Act. Due to the summer break this won’t happen prior to September or even later.”

 

With the Greens now the region’s third largest party in the polls, Heinold also ramped up the election rhetoric, stating: “One of the only winners is the gambling industry, which will receive a licence to print money,” she added.

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Ohio Casino Commission Nears Licensing Finish Line, Scott Van Voorhis

Ohio regulators are poised to hand out the state’s first casino license this week for a Cleveland gambling complex, capping a jam-packed and at times contentious four-month background review of the $350m project’s investors.

 

Ohio regulators are poised to hand out the state’s first casino license this week for a Cleveland gambling complex, capping a jam-packed and at times contentious four-month background review of the $350m project’s investors.


The Ohio Casino Control Commission is expected to give the green light for a casino license to Caesars Entertainment and its local partner, Rock Gaming, when it meets on Wednesday.

 

That vote, in turn, would pave the way for a planned grand opening on May 14.

 

“When you try and take a nine- to 12-month process and turn it into a four-month process, you need to have the cooperation we have had from other states,” said Matt Schuler, the Ohio commission’s executive director.

 

Still, the report raised questions about the stability of Caesars’ finances, pointing to its $22.6bn debt load, but concluded weakness on one side of the ledger would be balanced by the financial strength of Dan Gilbert, the billionaire owner of the Quicken Loans empire, who also owns Rock Gaming and the Cleveland Cavaliers.

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Gaming stocks gain for fourth straight month - Casino City Times

Roth Capital Partners gaming analyst Todd Eilers said Shuffle Master Inc., which saw its average daily stock price jump by 2 percent in April, is also hoping to crack the Internet gaming market through its recent acquisition of the Ongame poker network.

 

Eilers said Shuffle Master is close to announcing several online poker contracts with U.S. casino operators. The deals could position Shuffle Master to capitalize if Congress legalizes Internet poker.

 

"At this point we believe federal legislation is unlikely," Eilers said. "We also believe the pace of new U.S. jurisdictions legalizing online poker will be slow with only Nevada and possibly New Jersey introducing by 2013."

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Bulgaria to issue gambling licences by July, Robin Harrison EGR

Bulgaria to issue gambling licences by July, Robin Harrison EGR | Poker & eGaming News | Scoop.it

Following the passage of legislation in the Bulgarian parliament in March this year, the founder and honorary member Bulgarian Gaming Association (BTAMOGI) has revealed that the first licences are likely to be issued by 1 July.

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25 page presentation: Internet Poker In America, Chris Krafcik GamblingCompliance

The U.S. Internet poker market is revered by industry analysts as one of the largest—if not the largest—in the world. With a substantial adult population, a high rate of Internet penetration, a sophisticated payments system and a healthy appetite for gaming, the U.S. Internet poker market appears ripe for regulation.

 

Prior to the enactment of UIGEA in October 2006, the U.S. Internet poker market was worth at least $920m in revenues, annually.

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Everest Poker aims to enter Massachusetts, Charles Rettmuller PokerUpdate

Everest Poker aims to enter Massachusetts, Charles Rettmuller PokerUpdate | Poker & eGaming News | Scoop.it

Everest Poker, an independent international poker site operating out of Malta and France, is hoping to enter the U.S. marketplace in Massachusetts by working in tandem with the lawmaker proposing an online poker bill in the Bay State.

 

Rep. Dan Winslow (R-Norfolk) has introduced legislation allowing for three intrastate Internet poker licenses to be issued in the state. An amendment to the proposal calls for any license applicant who has taken Internet wagers from U.S. customers following passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 to be denied licensure.

 

Catering mainly to the European market, Everest Poker currently ranks 10th in player traffic among worldwide sites, according to PokerScout. It is also eyeing developments in New Jersey and Nevada in hopes of splashing the pot and making a name for itself in several anticipated U.S. intrastate markets.

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Zynga Poker Top-Grossing iOS Games, Danny Cowan

Zynga Poker Top-Grossing iOS Games, Danny Cowan | Poker & eGaming News | Scoop.it

This week's top-grossing iPhone titles are:

1. Poker by Zynga (Zynga, Free)
2. DragonVale (Backflip Studios, Free)
3. Kingdoms of Camelot: Battle for the North (Kabam, Free)
4. Slotomania (Playtika, Free)
5. Draw Something (OMGPOP, $0.99)
6. Angry Birds Space (Rovio, $0.99)
7. Design This Home (App Minis, $0.99)
8. Texas Poker (Kamagames, Free)
9. Bejeweled Blitz (PopCap, Free)
10. Deer Hunter Reloaded (Glu, Free)

 

Here are this week’s top-grossing iPad applications:

1. Slotomania HD (Playtika, Free)
2. DragonVale (Backflip Studios, Free)
3. Kingdoms of Camelot: Battle for the North (Kabam, Free)
4. Kingdom Age (Funzio, Free)
5. Poker by Zynga (Zynga, Free)
6. Slotomania (Playtika, Free)
7. Angry Birds Space HD (Rovio, $2.99)
8. Modern War (Funzio, Free)
9. Bejeweled Blitz (PopCap, Free)
10. Texas Poker (Kamagames, Free)

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Betsson casino, sportsbook and poker growth, Gaming Intelligence

Sweden’s Betsson has reported a 28 per cent increase in revenues to SEK536.1m (€60.3m) for the first quarter of 2012, with the company planning to expand operations into Germany under its Betsafe brand following any potential liberalisation of the market.

 

Q1 Segment results, MSEK

Gross Profit   Q1 2011   Q1 2012
Sportsbook    104.3         107.8
-B2B                90.2          63.2
-B2C                14.0          44.6
Casino           188.3        308.3
Poker             20.5           27.5
Other             17.7            15.4


Betsson’s online casino continues to be the company’s strongest product, accounting for 67 per cent of total gross profit, followed growth of 64 per cent to SEK308.3m during Q1.

 

Poker also performed well with gross profit climbing 34 per cent year-on-year to SEK27.5m, while sportsbook gross profit rose by 3 per cent to SEK107.8m. 

 

Nordic countries now account for nearly 82 per cent of B2C gross profit, followed by the EU (outside Nordic region) with a 15 per cent share. Other European countries and the rest of the world account for the remaining 3 per cent.

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PokerStars in Full Tilt bid, Inside Poker Business

PokerStars in Full Tilt bid, Inside Poker Business | Poker & eGaming News | Scoop.it

PokerStars is believed to be bidding to take over Full Tilt Poker as part of a broad settlement deal with the Department of Justice (DoJ).

 

The deal, which is thought to be worth $750 milllion in total, would see PokerStars acquire the assets of Full Tilt and assume all player debts, as well as paying a substantial fine to the DoJ, in return for settling the ongoing legal case against it.

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Zynga makes loss despite mobile-driven revenue rise, Robin Harrison EGR Magazine

Zynga makes loss despite mobile-driven revenue rise, Robin Harrison EGR Magazine | Poker & eGaming News | Scoop.it

Zynga has reported a loss of US$85.4m in its results for the three months ending 31 March 2012 despite a 32% rise in revenues for the quarter, driven mainly by strong mobile growth.


Chief executive Mark Pincus (pictured), however denied reports the company is set to go on an acquisition spree following the purchase of development studio OMGPOP for $180m in March.


Revenues for the quarter rose 32% from $242.9m to $321m aided by strong growth in monthly active users (MAU), which climbed from 236m to 292m, a 6% year-on-year increase.


Speculation that Zynga was in talks with Wynn Resorts followed not long afterwards after Pincus name-checked the land-based operator at the Morgan Stanley Technology, Media & Telecom Conference in March, during which he described real-money gambling as “the perfect fit with virtual goods and social games.”

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Social gaming will never overtake egaming revenues, Robin Harrison EGR Magazine

Social gaming will never overtake egaming revenues, Robin Harrison EGR Magazine | Poker & eGaming News | Scoop.it

55% of those polled believe that social revenues will never overtake online gambling, despite huge growth in the sector. Many may have thought that Zynga’s dominance of the sector, coupled with rumours that the company was set to embark on an acquisition spree following the US$180m purchase of OMGPOP in March.

 

Despite operators like bwin.party announcing plans to invest in social, and today’s exclusive story announcing that Playtech have acquired CTXM and agreed to buy a stake in Viaden Gaming to develop social gaming products, only 12% of those polled believed that social investment was the way to drive business forward.

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