Tag: Revenues

Mississippi propose mobile betting expansion

Mississippi propose mobile betting expansion
Mississippi is pushing for mobile sports betting by July 2022, after Democrat representative Cedric Burnett added a new measure to expand the sector.

Goldman Sachs: China, Japan, Korea to drive Asian gaming this decade

Asian Gaming Goldman Sachs Japan IR Forum
Just three markets – China, Japan and South Korea – will comprise 80 percent of all Asian gaming revenues in the coming years, according to Goldman Sachs Managing Director, Simon Cheung.

Colombia sees online gaming revenues soar in 2019

Colombia taxation
Colombia’s online gambling tax-take more than doubled last year, Coljuegos has reported, with treasury takings soaring by around 106 percent year-on-year to $19.6m (€17.7m).

NOVOMATIC AG’s half-year result sees record revenue and clear earnings improvement

NOVOMATIC, Europe’s leading gaming technology group, recorded around 700 new employees in the first half of the 2018 financial year, with revenue increasing by 12.6 percent to a new record despite regulatory challenges. The firm's sales…

Stars purchases see revenues bound by a third

Stars Group
The first signs of Star Group’s added muscle became evident in its Q2 balance sheet this year. A 35 percent lift in revenues reflects our “impressive momentum,” said CEO Rafi Ashkenazi, but being largely M&A driven “the next stage of transformation” will be all…

Playtech stock hits record high in June

BBi - Playtech June SSBTs
Shares in gaming software firm, Playtech, hit an all time high in June, as financial markets clearly approve of the firm’s recent string of strategic acquisitions.   “We continue to like the Playtech investment case due to its industry leading software; its long-term growth opportunities and abundant potential for value enhancing ,” said analyst at Goodbody, Gavin Kelleher. The group is currently...

A new power: Online now dominant force in UK gaming

Betting Business online
Its debut appearance on the regulator’s books and online gaming is already claiming the lion’s share of the UK market. With this rapidly rising sector now controlling a 33 percent stake - and expanding the overall industry by one fifth - is the British model setting the course?   Online gambling has broken the mould in 2016 by becoming the largest...

Stride Gaming looking strong ahead of 2016 FY results

BettingBusiness Stride Gaming
The iGaming operator has released a promising trading update ahead of its full year results to be announced in November.   Stride Gaming, the soft online gaming operator, suggests net revenues of at least £47m ahead of its final results for the year ended 31 August 2016. The group reports that trading in the second half of the financial year has been...

NetPlay TV net revenues up 15 percent in H1

Betting Business Netplay TV
NetPlay TV, owner of Jackpot 247, Supercasino and Vernons Bingo, reports continued growth in both revenue and players for the first half of 2016.   NetPlay TV has released its preliminary results for H1 boasting 15 percent growth in net revenues, to £14.7m. The interactive gaming group’s 2015 performance has continued into the first half of 2016 resulting in a 31 percent...

Plus500 credits market volatility for record first-half results

Betting Business Plus500 Trading
In the first six month of the year, financial trading company Plus500 reported revenue growth of 25 percent year-on-year, driven by unprecedented customer acquisition and post-Brexit volatility.   Plus500, a leading Contract for Difference (CFD) trading provider, has recorded a record start to 2016 with high volatility and increased levels of active customers driving growth. For the first six months of 2016,...

Macau stocks higher after April revenue tops estimates

Macau Gaming Inspection Coordination Bureau
A number of casino stocks rose at the beginning of May, as Macau’s Gaming Inspection and Coordination Bureau posted better-than-expected revenue declines. Gross gaming revenues for Macau dropped 9.5 per cent to MOP17.3bn (E1.9bn) in April, marking the 23rd consecutive monthly decline for the world’s largest gambling hub. Yet while the latest figures from Macau’s Gaming Inspection and Coordination Bureau...

Delaware sees record surges in online revenues in March

Delaware Revenue
Delaware - one of only three US states to allow interactive gaming - posted gaming wins of $260,539 (€229,075) across its three online casino operators in March this year, a record figure since the state agreed to permit online gaming in late 2013. This represented a year-on-year increase of more than $100k (€88k) - or 78 percent - from March...