Gambling News 03rd March, 2016

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THINGS LOOKING UP FOR ONLINE GAMBLING FIRM

03rd March, 2016 at 16:52:15
Significant revenue growth in company's fiscal third quarter.

US online gambling platform provider Contagious Gaming had news that was good only in parts for investors this week, reporting that revenues in its fiscal third quarter soared 214 percent quarter-on-quarter to $678,700.

Full Story: Things Looking Up For Online Gambling Firm »

ONLINE AND LAND GAMBLING TAX INCOME REACHES EURO 269 MILLION IN ROMANIA

03rd March, 2016 at 16:52:15
2015 gambling activity made a significant contribution to state income.

Odeta Nestor, president of the Romanian regulator National Office for Gambling (ONJN) revealed this week that the nation's gambling operators paid taxes of Euro 269 million last year, up by 71 percent compared to 2014.

Full Story: Online And Land Gambling Tax Income Reaches Euro 269 Million In Romania »

FASTER IN-PLAY BETTING AT PADDY POWER

03rd March, 2016 at 16:52:15
Paddy Power releases One Touch app.

Online gambling group Paddy Power claims its latest betting product - One Touch - is the fastest way to bet in-play on the market.

Full Story: Faster In-play Betting At Paddy Power »

N.Y.X. GAMING RELEASES JUDGE DREDD ONLINE SLOT

03rd March, 2016 at 10:35:27
Omni-channel release of branded Superbet game now live across the William Hill plc land based estate; mobile and online via OGS.

NYX Gaming Group Limited, an online gambling software and games supplier, announced Wednesday its latest omni-channel launch - the branded Superbet slot, Judge Dredd.

Full Story: N.y.x. Gaming Releases Judge Dredd Online Slot »

TATTS LOSES POKIES COMPENSATION APPEAL

03rd March, 2016 at 10:35:27
Aussie gambling group will have to pay the Victoria State treasury authorities A$540 million.

Australian land and online gambling group Tatts has lost its long-running High Court pokie machine compensation appeal and will now have to pay the state of Victoria treasury authorities A$540 million, along with the state's reportedly considerable legal costs and interest.

Full Story: Tatts Loses Pokies Compensation Appeal »

ONLINE GAMBLING OPERATOR EMBROILED IN COSTA RICA BANK ACOUNT CLOSURES

03rd March, 2016 at 10:35:27
5 Dimes executive named in media reports.

Local media reports from Costa Rica have associated 5Dimes online gambling manager Marisol Carvajal Cordero (35) with a bank 'source of funds' investigation which saw the closure of the company's accounts at the Banco de Costa Rica late last year.

Full Story: Online Gambling Operator Embroiled In Costa Rica Bank Acount Closures »

WILL U.K. GOVERNMENT ANNOUNCE NEW RACING RIGHTS LAW TODAY?

03rd March, 2016 at 10:35:27
Reports that controversial racing levy could be replaced, with higher costs for online operators.

The usually reliable UK newspaper The Telegraph caused some alarm in online bookmaker circles Wednesday when it claimed that the UK government is about to announce the replacement of the voluntary racing levy with a new compulsory system which will add more costs to an industry already bruised by the imposition of the p.o.c. and higher FOBT taxes.

Full Story: Will U.k. Government Announce New Racing Rights Law Today? »

D.F.S. MARKET LEADERS GROWTH CONTINUED IN 2015

03rd March, 2016 at 10:35:27
But DraftKings and FanDuel are unlikely to repeat the heydays of 2015 in the current legal and political environment.

2015 was a good year for daily fantasy sports market leaders FanDuel and DraftKings, with entry fees trebling year-on-year although profitability remained elusive due to high marketing expenses, the publication Daily Fantasy News reported this week.

Full Story: D.f.s. Market Leaders Growth Continued In 2015 »

NEW FANTASY SPORT PRODUCTS FROM SKYBET

03rd March, 2016 at 10:35:27
Six-a-Side and Racing Pick 6 mobile launched.

UK online gambling operator SkyBet has followed the successful introduction of its Super 6 fantasy sports betting product with the launch of two more apps in the genre - Six-a-Side and Racing Pick 6 mobile.

Full Story: New Fantasy Sport Products From Skybet »

FORMER UNIBET CHIEF MARKETER BUILDING A TEAM AT CURRENCYFAIR.COM

03rd March, 2016 at 10:35:27
Tweets from Nils Andén indicate that peer-to-peer foreign exchange marketplace is gathering momentum.

Nils Andén, until recently a 10-year veteran marketing chief with Unibet posted tweets this week indicating that he is now working for online peer-to-peer foreign exchange marketplace CurrencyFair.com...and is recruiting a team.

Full Story: Former Unibet Chief Marketer Building A Team At Currencyfair.com »

CORAL POSTS STRONG 2015 RESULTS

03rd March, 2016 at 10:35:27
Solid underlying EBITDA growth with continued momentum in all divisions

The land and online gambling group Coral - set to merge with Ladbrokes this year - has posted a strong set of results for the sixteen week period to 16 January 20916, highlighting:

Full Story: Coral Posts Strong 2015 Results »

SPORTECH PUBLISHES 2015 RESULTS

03rd March, 2016 at 10:35:27
Final results chime with corporate predictions.

Sportech plc has released its 2015 numbers, revealing that in selling its New Jersey online gambling interests after just three months it realised a threefold return on its original investment.

Full Story: Sportech Publishes 2015 Results »

OPERATIONAL CONTROL OVER GAMBLING SHIFTS IN AZERBAIJAN

03rd March, 2016 at 10:35:27
New law puts day-to-day control in the hands of the Financial Market Control Chamber.

Press reports from Azerbaijan indicate that through an amendment to article #53-1.5 of the national law, day-to-day operational control over gambling will henceforth will be carried out by the newly-established Financial Market Control Chamber, funded by the gambling companies.

Full Story: Operational Control Over Gambling Shifts In Azerbaijan »