Gaming Archives - Page 9 of 10

Stoixman deal helps OPAP revenue grow to €1.54bn

Greek operator OPAP recorded €1.53bn (£1.28bn/$1.69bn) in revenue in 2021, a 36.2% year-on-year increase, as the acquisition of the remainder of Stoiximan helped the business diversify its operations with greater focus on online betting and gaming.

Breaking down this revenue total by game type, lotteries were the largest contributor, bringing in €549.2m, which was 5.9% more than in 2020.

This was followed by retail betting, which brought in €283.0m, up 5.6%, as pandemic-related restrictions continued to have an impact.

“Our retail business demonstrated high resilience, with recovery ramping up, even though our stores had to suspend operations for several months and adjust to strict healthcare restrictions after reopening,” OPAP chief executive Jan Karas said. “Our comprehensive commercial plan and well-accepted loyalty programs played a key role to this end.”
Online betting, meanwhile, experienced a sharp increase in revenue, by nearly 500% to €238.4m. Similarly, revenue from online..

March 18, 2022

Snooker legend Ronnie O’Sullivan to appear at ICE London 2022

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Snooker legend Ronnie O’Sullivan will appear at ICE London 2022 as a brand ambassador for Delasport.

O’Sullivan – a six-time World Snooker Champion who holds the career record for both maximum and century breaks – will appear at the world’s largest gaming show at sports betting and igaming software supplier Delasport’s stand.

“I am delighted to confirm that Ronnie O’Sullivan, the greatest snooker player of all time, will be making his first appearance as Delasport Brand Ambassador at our stand S1-340 at ICE London,” Delasport CEO Oren Cohen Shwartz said.

Cohen Shwartz added that O’Sullivan and Delasport share a number of values.

“Ronnie is a terrific personality and a snooker genius,” he said. “He is widely recognised as one of the most accomplished players in the history of the game.

“Established 11 years ago, Delasport has earned an industry reputation as a premium Sports Betting supplier, and so our collaboration with Ronnie is a natural choice for us as we share similar valu..

March 16, 2022

Betsson to reshuffle board with three new appointments

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Betsson’s nomination committee has proposed Eva de Falck, Louise Nylén and Tristan Sjöberg as new board members.

In addition, the committee proposed Johan Lundburg as chairman, as previously announced, as well as the re-election of Eva Leach, Peter Hamberg and chief executive Pontus Lindwall to the board.

Tristan Sjöberg had previously served on Betsson’s board for six months in 2018. However, he stepped down at the time because he was “in a legal dispute with Swedish tax authorities regarding tax liability”.

Tristan Sjöberg

He is vice chairman of the TCSJohnHuxley Group and co-owner of Knutsson Holdings. He is considered an “active owner” of Betsson, as Knutsson is the operator’s fourth-largest shareholder, and so he will represent these interests on the board.

Eva de Falck

Eva de Falck and Louise Nylén were both proposed as independent directors. De Falck is a senior consultant, advisor and board member of Skandiabanken, and has also served as general counsel and a member of..

March 11, 2022

Inspired revenue grows in Q4 but business swings to loss

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Inspired brought in $67.0m (£51.2m/€61.0m) in revenue in Q4 of 2021 as all business segments experienced growth of more than 25%, but the supplier swung to a loss after a VAT rebate helped its 2020 bottom line.

This revenue figure was up 70.9% from 2020’s ordinary revenue from operations, but was down by 6.6% if the VAT rebate during the comparable period is included.

The gaming segment – made up of land-based slot machines – was the largest contributor to revenue, bringing in $26.8m, up 49.3%.

However, its leisure segment experienced the most rapid growth, with revenue up 183.4% to $23.5m.

Virtual sports revenue, meanwhile, was up 26.1% to $11.0m, while interactive gaming revenue grew by 35.8% to $5.7m.

During Q4 of 2020, the gaming division of the business also received a one-off $32.5m value-added tax (VAT) rebate after a court ruling determined that operators did not have to pay VAT on top of gaming taxes for machines, though this was not counted as revenue for that quarter. I..

March 1, 2022

Aspire gears up for Dutch launch after receiving certification

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Aspire Global has received full certification to operate in the Netherlands, which will see it roll out its player account management platform solution, sportsbook and casino games throughout the country.

The certification will allow Aspire to launch through already-agreed partnerships with operators in the country.

Last year Aspire’s Pariplay platform signed a deal with Holland Casino, one of ten operators to receive a licence from Dutch regulator de Kansspelautoriteit. Under the deal, Pariplay would supply its proprietary games to Holland Casino.

In January Aspire agreed to a deal that will see it make BoyleSports, Ireland’s largest independent bookmaker, live in the Netherlands.

The deal, which will take effect upon Aspire’s entry into the Netherlands, will mean Aspire will provide its full turnkey solutions to BoyleSports through Aspire’s sportsbook Btobet.

“The newly regulated Dutch market is growing quickly and one of Europe’s most appealing igaming markets,” said Tsachi Mai..

March 1, 2022

Flutter aims to use its scale to overcome short-term challenges

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Online gaming behemoth Flutter remains confident that its unmatched scale will help it make long-term decisions in the UK, US and mainland Europe, as chief executive Peter Jackson and chief financial officer Jonathan Hill revealed on the operator's 2021 earnings call.

The operator revealed in its 2021 results that it struggled in some of its international markets, where Pokerstars leads its offering. In Germany, terms of the country’s Fourth State Treaty on Gambling allowed online casino nationwide for the first time but with strict conditions and high taxes, while in the Netherlands, operators that did not receive a licence were required to block all Dutch customers. Last year, the business agreed to acquire Tombola, which does hold a Dutch licence.

While these struggles impacted business in 2021, Hill said that the scale of the Flutter business meant that it could afford to work in difficult conditions.

“One of the benefits of having a portfolio is, just because international..

February 25, 2022

Connecticut online gaming revenue reaches $18.8m in January

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Online gaming and in Connecticut generated net gaming revenue of $18.8m in January, 15.6% higher than the net revenue recorded in December 2021.

This revenue was after promotions, which came to $3.6m. Before promotions the total was $22.4m.

Out of the $18.8m in revenue, the Mashantucket Pequot Tribe brought in $11.1m and the Mohegan Tribe the remaining $7.7m.

Players staked $780.0m on online gaming, a fall of 4.2% from December.

The Mashantucket Pequot Tribe’s Foxwoods Resort Casino saw the most staked, at $502.5m- a decline of 4% month-on-month. Customers staked the second highest amount with Mohegan Digital, hitting $277m. Mobile-on-premise stakes at the Mashantucket Pequot Tribe’s Foxwoods Resort Casino – mobile gaming that took place at the casino itself – made up the remaining $440,460.

Player winnings topped $757.3m, down 4.6% month-on-month, with the highest amount – $488.6m – coming from Mashantucket Pequot Tribe’s Foxwoods Resort Casino.

Aa total of $3.3m was paid to the..

February 22, 2022

UK attitudes towards gambling improve for first time since 2016

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A survey from the Gambling Commission suggests British attitudes towards gambling are improving for the first time since the survey began, after a long period of worsening public perception.

The statistics come from the Gambling Commission’s quarterly telephone survey, which examines gambling prevalence, attitudes and rates of harm.

The regulator noted that December 2021’s edition, which saw 4,021 people polled, marked the first time in which responses suggested statistically significant year-on-year improvements in attitudes towards gambling since the surveys began in 2016.

However while attitudes softened when compared to December 2020, a majority of the population continued to express anti-gambling sentiments.

For example, in the year to December 2020, 63.4% of respondents said that “gambling should be discouraged”. However, in the 2021 edition, this total had dipped to 58.9%.

Similarly, the portion of the population who agreed that gambling was “dangerous for family life” drop..

February 16, 2022

GiG CEO on first year of B2B focus

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After refocusing on B2B in 2020, 2021 was the year when Gaming Innovation Group's new strategy showed return. For chief executive Richard Brown, it still only feels like the start.

Yesterday (15 February) Gaming Innovation Group (GiG) reported a 28.0% year-on-year rise in revenue for 2021. Following its divestment of its B2C assets in 2020, this marked its first full year as a purely B2B business, and while CEO Richard Brown says he is pleased with the performance he stresses that it’s still the beginning for the company.

Richard Brown, GiG CEO

“We made the shift in 2020, laid the initial groundwork, and in 2021 it started to come to fruition. We felt we had to work on a lot of stuff operationally, so as the results followed the strategic move in sequence, it really feels as if we’re gearing up.”

Revenue for the year was driven predominantly by GiG’s media business, which contributed €45.0m of the total, up 31.2% from the prior year. Brown has previously described that divi..

February 10, 2022

Flutter launches revamped safer gambling strategy

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Flutter Entertainment has revealed its new safer gambling strategy in which it will switch focus from intervening when problems arise, to preventing them from happening at all.

The operator aims to “make every moment safe for [its] customers”.

Launching the new strategy, Flutter UK and Ireland chief executive Conor Grant described it as “a refreshed and comprehensive” approach for each market.

“The strategy is the culmination of many months of hard work, bringing together the best from across our existing businesses, gathering insights from industry experts, customers and colleagues to identify priority issues to focus on, and challenging areas where we need to go further,” Grant explained.

The strategy is broken down into five core principles: discover, educate, empower, understand and support.

The discover aspect aims to advance the industry’s understanding of gambling harm. Educate will implement strategies to improve all customers’ and colleagues’ understanding of gambling ..

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