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LCG praises investments as revenue, profit rise in H1

George Miller



LCG profit rise in H1
Reading Time: 2 minutes

London Capital Group (LCG) has cited the impact of its investment strategy as the main reason behind year-on-year growth across number of key financial verticals during the six months to June 30.


Revenue in the first half amounted to just over £12m (€16.1m/$13.7m), which represents an increase of 7% on the £11.2m posted in the corresponding period last year.

Gross profit jumped 18% year-on-year from £9.2m to £10.9m, while adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) was also up 55% to negative £961,000, compared to a loss of £3.1m in the first half of 2016.

Elsewhere, adjusted loss before tax in the period improved from £3.4m to £1.8m, while statutory loss shortened by 48%, dropping from £3.5m to £1.7m.

Basic loss per share from continuing operations at the firm came in at £0.0048, compared to £0.0526 last year, while diluted loss per share from continuing operations improved from £0.0526 to £0.0046.

The results are extremely encouraging and continue to demonstrate how LCG’s performance is improving following its investment in technology, product offering and branding. This improvement has been achieved against the background of challenging trading conditions in the first half of 2017.During this period, the group has seen strong revenue growth primarily due to increased client acquisition and participation as well as revenue capture compared to prior periods. This has enabled LCG to grow despite the lack of volatility in the market resulting in a benign trading environment.” -commented Charles-Henri Sabet, group chief executive at LCG.

Charles-Henri Sabet added: “The outlook for the industry continues to remain uncertain given the changing regulatory landscape. This is anticipated to have an impact on the industry and affect the services that can be offered to clients, particularly with regard to the levels of leverage that can be offered. However, the precise impact of this will not be known until the regulatory authorities have finalised their conclusions. LCG remains committed to ensuring the highest standards of regulatory compliance and welcomes changes that will improve and protect client outcomes“.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Industry News

Word of Mouth: Influencer Marketing in the Gaming Space

George Miller



Word of Mouth: Influencer Marketing in the Gaming Space
Reading Time: 3 minutes


Traditionally, Word of Mouth Marketing was considered as a free form of advertising or promotion, except today it’s no longer free. Nonetheless, nothing speaks volumes other than “Influencer Marketing”.

You might be surprised to learn that the gaming industry today is worth over a hundred billion dollars. According to new figures, in 2018 alone, the gaming industry generated an astounding $135 billion amassing a growth of 10.9% from 2017. This year, it is set to make $152.1 billion in global earnings.

These numbers say a lot about how the video game industry is a tough market to crack particularly because, with figures like these, the competition is very stiff, trends are fast-changing, and innovation is at an all-time high. Numerous companies have peaked in prior years but had failed to sustain that success because they were too late to adopt the latest technology or they ran out of creativity to improve their existing game offerings. But today, nothing says “viral” than getting your product or service out through viral marketing.

Live Video Game Streaming

The astronomical growth of the video game industry has opened doors to varied forms of businesses, marketing, and advertising, one of which is live video game streaming. Whoever said people hated watching other people play video games? That’s certainly not Twitch.

Twitch, a live streaming video platform, is a subsidiary of Amazon that focuses primarily on the gaming community. Twitch provides an avenue for gamers and gaming enthusiasts to share and watch their gameplays. Aside from hosting live streams, Twitch is an interactive platform that allows its community to connect with fellow players via Twitch Chat or to leave comments in real-time.

Much like YouTube, Twitch was successful in diversifying its revenue streams. Twitch monetizes its platform through advertisements, subscriptions, and merchandise sales. On average, Twitch has more than 15 million daily active users, making it the leading live video game streaming service in the world to date.

The success of Twitch has drawn in other major players such as YouTube and Facebook. YouTube Gaming Live, for instance, is a specialized channel that enables users to share their live gameplays and stream other people’s gameplay videos. Facebook, on the other hand, has created Facebook Gaming, which similarly, allows users to stream, broadcast, and share their favorite games on the Facebook app. Nonetheless, recent statistics show that Twitch still holds as the dominant player in the live game streaming industry accounting for the largest viewership in comparison to Youtube Gaming Live and Facebook Gaming.

Breaking Into the Limelight

With the ever-increasing number of audiences and patrons, we expect steady growth in the live game streaming industry. A strong and loyal fanbase is one of the strengths of the gaming community. And with people interested in watching gameplays after gameplays of their favorite streamers, and with spectators willing to spend just to see their teams battle it out in big E-sport tournaments, only means one thing in the world of business–profits.

Nowadays, video games are no longer just a hobby, it’s a career. Just like how Instagram stars and Youtube vloggers are a thing, game influencers are celebrities in their own playing field. You have probably heard one too many times how someone broke into the millionaire’s club while playing video games and it’s true, they’re living the dream! Gaming influencers with a significant following have caught the eye of both local and multinational companies reaching out to these personalities to get them to sign a deal.

And in this industry, word of mouth holds more power and influence to convert mere spectators into purchasing viewers. A study by Google showed that 90% of avid gamers would turn to Youtube for game reviews, tips, and video game suggestions with a 64% conversion rate. No wonder streamers are raking in millions of dollars from advertisements and promotions.

Consider the case of PewDiePie as an example. PewDiePie is the top-grossing game influencer today with 101 million subscribers on YouTube and an estimated net worth of $30-$50 million. His income streams all came from online advertisements, collaborations, referrals, and online merchandise sales. His career peaked in 2013 when he was the first YouTuber to reach 15 million subscribers.

The rise to fame of game influencers disrupted the way we do traditional advertising. And in an industry that continues to grow and expand in magnitude, game influencers hold a significant role both in the gaming community and in the business scene.

Truly, “word of mouth” has never been this powerful (and expensive!) as it is today, but as long as influencers are maintaining the quality of their content and are keeping the trust of their subscribers, influencer marketing will continue to move in leaps and bounds.

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Industry News

Fines from the Kansspelautoriteit

George Miller



Fines from the Kansspelautoriteit
Photo Source:
Reading Time: 3 minutes


A few weeks ago we wrote about the evolution of the UK Gambling Comission. Now, let’s take a look at the Netherlands. So far, 2019 has been a lucrative year for the ‘Kansspelautoriteit’, the Dutch gaming authority. All fines were raised, and 11 casinos received such a fine. In 2018, a total of 1.9 million euros was collected in fines; this year, more than 3.5 million has been collected to date. It seems that the Dutch gaming authority is cleaning house before the legalization of online gaming takes off in January 2021. By the time the newly adopted gambling law is in effect, only casinos and gaming websites with a license from the Kansspelautoriteit can offer their services to Dutch citizens. This is good news for the Dutch: unreliable providers of online games are cracked down on and will later be excluded from the market altogether.

To maximize its effectiveness, the Kansspelautoriteit prioritizes websites that overtly offer their services to Dutch players. According to its own rules, the gaming authority watches for availability to Dutch players, offering the Dutch language on the website or appealing to Dutch players through imagery, and including the exclusively Dutch payment option iDeal. Although many other websites are still accessible to Dutch players, those websites that do not overtly cater to the Dutch market are not the priority for the Kansspelautoriteit.

Which online casinos were fined in 2019?

So far, 9 casinos were fined in 2019. The first fine this year came in February. Exinvest and 1X Corp were fined 400,000 euros. The gambling sites from these enterprises could be accessed from Dutch IP addresses, they offered the payment service iDeal, and used Dutch language on their websites. After a thorough research, it turned out these providers offered 83 other online casinos.

Well-known Casumo was fined in April. This provider, too, was available from Dutch IP addresses and offered the iDeal payment method. The terms and conditions explained that players from the Netherlands could not create a player account, which in practice proved to pose no problems at all. Casumo was fined 310,000 euros. also received a fine in April: this provider had to pay 200,000 euros for offering online games to the Dutch market. Because the company was fined before, the initial fine was doubled. was also fined 50,000 euros for charging excessive administrative fees for inactive players. The total amount charged was 450,000 euros.

In June, the Kansspelautoriteit assessed provider Simbat and promotor Spinity. Simbat received a 270,000 euro fine for offering online gambling games. Spinity didn’t offer any such games itself, but was fined 100,000 euros for promoting these games.

BWin followed in August. Their fine totaled 350,000 euros and was based on offering online gambling opportunities to Dutch players, depositing money into a player account using iDeal, and offering live betting options.

The ‘award’ for highest fine goes to Unibet. Their website offered Dutch players the opportunity to place live sports bets and casino games. This provider, too, offered the iDeal payment method, and their customer support through live chat had a Dutch language option. The total fine was 470,000 euros.

The second to last fine to date went to The Stars Group, known for the online poker lobby Pokerstars. The Kansspelautoriteit fined TSG 400,000 euros for offering online games for real money. Although poker is seen as a game of skill rather than a game of chance, Dutch law does not make this distinction. The highest judicial power in the Netherlands ruled poker a game of chance in 1998.

In October, the Kansspelautoriteit announced fines for Royal Panda and LeoVegas. Both of these websites were available from Dutch IP addresses and offered the iDeal payment option. Royal Panda was fined 400,000 euros, whereas LeoVegas got off with a ‘mere’ 350,000 euros.

Raising the fines

To strengthen the efforts of the Kansspelautoriteit, fines were raised to further deter websites from offering their games to the Dutch market. The base payment went up from 150,000 euros to 200,000 euros. The final fine depends on a number of circumstances:

  • The number of active websites
  • The number of available games
  • The presence of live betting options
  • The amount in the jackpot or prize pool
  • How much can be deposited or bet
  • The size of a welcome bonus or other promotions and the presence of a VIP program
  • Charging administrative fees to inactive players
  • Providing false information to players about gambling licenses

When a casino offers live betting options (betting while a match is going on), the base fine is always raised by 75,000 euros. The same amount applies to providing false information about gambling licenses and charging administrative fees for inactive players. The current fine policy can be viewed here (Dutch).

The Kansspelautoriteit announced more measures going forward; the entire fining policy is projected to be overhauled.

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Gambling in the USA

Tim Wilmott Steps Down as Chairman of AGA

Niji Narayan



Tim Wilmott Steps Down as Chairman of AGA
Photo Source:
Reading Time: 1 minute


Tim Wilmott has retired from the American Gaming Association as its chairman. The legalisation and expansion of sports betting has been a key marker of Wilmott’s term.

He told AGA members: “Once PASPA happened everything changed,” referring to a Supreme Court ruling that overturned a ban on sports betting. Since then, 13 states so far have launched legalised sports betting operations in casinos, racetracks and on mobile devices.

Wilmott, CEO of casino company Penn National Gaming, said the industry’s relations with the government had become even more important with the advent of sports betting. A bill seeking federal sports betting control is now in the Senate.

Wilmott said that during his tenure and that of his previous chairman, the profile of AGA membership had changed and it had broadened as a result of work headed by CEO Bill Miller and his predecessor.

He was speaking to members at the conclusion of the 2019 G2E trade show that had attracted 30,000 gaming professionals to Las Vegas.

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