Gaming Archives - Page 8 of 10

ComeOn has secured approval for an Ontario sports betting licence, becoming the 31st operator to do so.

The operator’s registration by the Alcohol and Gaming Commission of Ontario (AGCO) as a sports betting operator was effective yesterday (21 April).

The operator’s licence will expire in two years, in April 2024. This would make ComeOn only the 12th operator to be approved for a two-year licence, with most operators approved for only one year. Ontario Lottery and Gaming Corporation, the provincial lottery operator, has a licence running until 2052.

Ontario launched its regulated market on 4 April of this year. Operators such as Unibet, theScore, BetRivers, 888, PointsBet, LeoVegas, Bwin, Bet365, FanDuel, BetMGM and Caesars all secured licences on launch day, April 4, while more recent licensees include Betway and North Star.

This market launch followed almost three years of work to open up the market, after the government revealed plans to end the lottery’s online gambling monopo..

April 8, 2022

Dutch withdrawal leads to 30% revenue drop for Kindred in Q1

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Kindred’s revenue has dropped by 30.0% year-on-year to £247.0m in the first quarter of 2022, with the operator putting the vast majority of its £105m drop in revenue down to its decision to withdraw from the Netherlands.

The drop in revenue was mostly due to the fact that Kindred agreed to block all Dutch customers from 1 October, when the country opened its online gaming market, until it receives a licence.

This came in response to a change in enforcement policy towards unlicensed operators in the Netherlands, which led to LeoVegas, Betsson, Entain and Casumo all also taking the same decision.

At the time, Kindred CEO Henrik Tjärnström said the operator believed it did not have to block customers from the Netherlands as long as it did not target them, but said Kindred would not accept Dutch customers until it received clarification. However, Kindred later announced that its sites would continue to be closed to players from the Netherlands until it receives a licence.

This, it sai..

April 5, 2022

Equipment sales help Novomatic revenue rise in 2021

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Austrian gaming equipment supplier Novomatic has reported revenue of €1.84bn (£1.52bn/$2.02bn) for 2021, despite a dip in gaming operations revenue.

This was up by €98.7m, or 5.6%, from Covid-hit 2020, when revenue was €1.74bn.

Revenue from gaming operations was €1.03m, down slightly from €1.07bn the previous year. This was attributed to closures of gaming halls- from January to June 2021, an estimated two thirds of Novomatic’s arcades closed temporarily due to the pandemic.

Revenue from the sales of gaming technology made up the remaining €806.2m in revenue. This was up by 20.3%. The company attributed this rise to its Ainsworth business, which saw its sales rise from €67.9m in 2020 to €118.3m in 2021.

Novomatic acquired Ainsworth in 2018.

Total turnover from operators using Novomatic equipment or software in Europe came to €102.91bn. Much of this came from its lottery division, with €35.48bn. Betting operator turnover was €24.17bn, followed by casino turnover at €20.98bn.

Turno..

April 4, 2022

Marathonbet to “temporarily suspend” UK site

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Marathonbet has temporarily suspended its services in the UK, due to “ongoing events in Europe”.

The business would stop allowing new customers to sign up immediately from today (4 April). Existing customers would then no longer be able to deposit or place bets until 14 April.

“As the Marathonbet brand is operated globally, recent and ongoing events in Europe have had a significant impact for us,” it said. “We regret to inform that we have taken the decision to temporarily suspend services offered on the marathonbet.co.uk website.”

The business did not give any indication of when the site may resume activity.

Both the Marathonbet.co.uk site and mbet.co.uk site will close. However, the Malta-licensed Marathonbet.com will continue to be active.

March 31, 2022

Spanish GGR dips despite 25.8% growth in stakes in 2021

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Spanish gross online gaming revenue came to €815m in 2021, down 4.2% from 2020, but stakes grew by more than 25%, suggesting the decline may be more linked to trading than the country’s marketing rules.

According to figures from regulator the Dirección General de Ordenación del Juego (DGOJ), this came despite the fact that players deposited €2.77bn during the year, which was 216% more than in 2020, while turnover rose by 25.8% to €27.17bn.

For the first time, casino was the largest driver of online GGR, bringing in €407.1m in 2021, up 16.0%. Online casino revenue has grown year-on-year in every year in which DGOJ has recorded data.

Breaking this online casino revenue down further, slots brought in €241.4m, up 23.0%, while live roulette revenue grew 18.6% to €120.6m. Blackjack revenue was €23.2m, down 5.7%, while for RNG roulette this figure dipped by 27.2% to €22.0m.

Revenue from betting, which was previously the leading vertical, was down 16.2% to €305.9m, the lowest figure since ..

March 30, 2022

ESA Gaming set to launch in Denmark after certification

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Online gaming supplier ESA Gaming has received certification to launch its EasySwipe titles in Denmark.

The business said its EasySwipe casino games act as an addition to an operator’s sports betting offerings, giving operators the opportunity to cross-sell from sportsbook to casino.

ESA Gaming reports that EasySwipe has seen a 20% conversion of sports players, a 5% increase in screentime and a 3% increase in sports revenue since its inception.

EasySwipe currently has seven titles, including Fruit Staxx and Goal Mine, with more to be added throughout 2022.

“We have had a fantastic start to the year, adding new games to our portfolio and boosting our presence in several markets,” said Zorica Smallwood, director at ESA Gaming.

“Through this certification we will be able to partner with Danish operators and introduce local players to our innovative content which offers lightweight design and easy game-play that enables operators to create a new vertical without impacting the sports b..

March 28, 2022

Unibet prepares for Ontario launch after securing igaming licence

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Kindred's Unibet brand has detailed its plans to launch in Ontario, having received a licence to do so.

This marks Unibet’s seventh licence in North America.

Kindred will launch its online gaming and sports betting products through Unibet under Ontario’s open regulatory model.

Ontario’s online gaming market will launch on 4 April and will be overseen by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).

“This is an exciting day and a significant milestone for both Kindred and Unibet,” says Amanda Brewer, country manager Canada, Kindred Group. “We are proud to have received permission to launch in Ontario on the first day the market opens and look forward to building long-term relationships with our customers and partners.”

Several other operators secured licences ahead of the market launch, including Bet365, Flutter-owned FanDuel and PointsBet.

“Ontario is full of sports teams and passionate fans, which is no surprise given the history and ..

March 25, 2022

KSA chair: Dutch online market may be smaller than expected

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René Jansen, chair of Dutch regulator de Kansspelautoriteit (KSA), said that early data suggests the country’s online gambling market may be smaller than initially expected in terms of player numbers.

Jansen (pictured) commented on the regulator’s annual report for 2021, which was released last week and included data about player numbers, advertising and unlicensed play. In this report, the KSA noted that 634,000 online gaming accounts had been created between the vertical launching in October 2021 and the start of March.

Jansen noted that when multi-account play is considered, it suggested that the number of players may be lower than expected.

“Please note: this does not mean that there are so many players (on legal sites) in the Netherlands,” Jansen said. “An unknown number of players have an account with several providers. So there are (probably considerably) fewer than 634,000.

“This is an important insight, because earlier estimates have been made of approximately 1 million D..

March 25, 2022

Connecticut sports betting and igaming revenue both decline in February

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Gross gaming revenue from online casino in Connecticut came to $17.2m, down 8.5% from January, while sports betting revenue hit its lowest total for a full month since launching.

Gross gaming revenue is calculated after promotions are deducted. Before these deductions, revenue was $21.6m, down 3.6%.

The Mashantucket Pequot Tribal Nation – which operates Foxwoods Casino and partnered with DraftKings for online betting and gaming – continued to lead the way in gross online casino revenue, bringing in $13.7m. The tribe made a further $46,953 in revenue from mobile-on-reservation gaming, with its own Foxwoods-branded app.

Meanwhile, the Mohegan Tribe – which partnered with FanDuel – brought in $7.8m in gross revenue.

The combined online casino revenue came on $743.9m worth of stakes, with $493.6m staked with the Mashantucket Pequot Tribe and $249.5m with Mohegan.

In addition, players staked $17.2m worth of promotional credits with the Mashantucket Pequot Tribe and $1.0m with Mohegan.
..

March 24, 2022

Tab NZ reports turnover decrease in February

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Tab NZ has reported betting turnover of NZ$184.9m (£97.3m/€116.9m) for February, down 23.3% from the previous month.

This was also a decrease year-on-year of 1.2% and 2.3% below budget for the month.

Gross betting revenue was NZ$30.1m, a decrease of 24.7% from January but a rise of 1.1% year-on-year.

Profit for February was NZ$11.3m, down 36.5% month-on-month but up 9.7% from February 2021. This was NZ$200,000 less than the budget for the month.

Betting profit made up NZ$10.1m of the total profit, NZ$400,000 over budget, while gaming profit brought up the remaining NZ$1.2m, coming in NZ$600,000 under budget.

Profit for the year to date totaled at NZ$96.9m, down 7.5% year-on-year and NZ$800,000 under budget.

Operating expenses for the month fell by $900,000 compared to January, to NZ$9m, and fell by NZ$600,000 year-on-year.

The most successful day for horseracing turnover for the month was at the Herbie Dyke Stakes at the Te Rapa venue on 12 February, which generated NZ$538,000.
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