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Politicians stall poker liquidity sharing in Italy

George Miller

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Politicians stall poker liquidity sharing in Italy
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Whilst sports betting thrives in Italy, shared online poker liquidity is set to be delayed due to unfounded money laundering rumors.

 

The shared online poker liquidity agreement between France, Portugal, Spain and Italy could’ve hit a slump due to some politicians’ unfounded concern on international money laundering. Liquidity sharing could be delayed in Italy for at least a year, news outlet Agipro reported, since there have been significant opposition to the current terms.

According to local media, several local operators have voiced their concerns about potential benefits that their international counterparts, operating in every market, could eventually get. For instance, PokerStars got 43 percent of the January-November poker stake (US$75 million) while Italian companies only got 7,6 percent (Lottomatica) and 7,5 percent (SKS365).

Meanwhile, the Italian sports betting market recorded a total revenue (both retail and online) of US$172.99 million during November, reaching a 78,2 percent increase in comparison from the same month in 2016. The online segment contributed with US$71.7 million (89 percent over 2016’s figures) and a US$594.7 million turnover.

Bet365 led the way and recorded 28.6 percent of the total online turnover and 16.8 percent of revenue. Planetwind365, owned by SKS365, came way behind and reached just 9.7 percent of turnover and 13.3 percent of revenue.

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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Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019

Niji Narayan

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Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019
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Analysts have predicted a decline in Macau’s casino revenue for the fourth quarter of 2019. Financial giant Morgan Stanley said that casino gross gaming revenue (GGR) is likely to be down every month of Q4 in Macau.

Analysts Praven Choudhary, Thomas Allen and Gareth Leung said that October GGR would be 6% down year-on-year. November and December would both register a 9% decline year-on-year, ending Q4 on a bad note.

“We expect Q4 revenue growth for both mass and VIP to decelerate compared to the first nine months in Macau. Driven by high [2018] base, lower [tally of] overnight visitors and general economic slowdown,” the analysts said.

The Morgan Stanley analysts also said that they expect third-quarter property EBITDA to be down 1%. “Also weaker than seasonality of an 8% increase quarter-on-quarter,” they said.

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Gambling in the USA

GAN Partners with Agua Caliente Band of Cahuilla Indians

Niji Narayan

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GAN Partners with Agua Caliente Band of Cahuilla Indians
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GAN plc has partnered with the Agua Caliente Band of Cahuilla Indians. As per the deal, GAN will supply its Simulated Gaming software to the Agua Caliente Band of Cahuilla Indians.

The Agua Caliente Band of Cahuilla Indians owns and operates three locations: Agua Caliente Casino in Palm Springs, Agua Caliente Resort Casino Spa in Rancho Mirage and Indian Canyons Golf Resort in Palm Springs. The agreement with GAN will enable the Client to provide an expanded suite of online gaming and services throughout the region and beyond.

“We are enormously privileged to bring one of America’s largest and most vibrant Native American casino resort operators online with our Simulated Gaming solution. Southern California is a significant regional US gaming market, with the largest population concentration in the US, reinforcing GAN’s market position as the leading B2B enterprise software solution provider to ‘brick and mortar’ US casinos,” Jeff Berman, CCO of GAN said.

“We selected GAN for its proven success in helping casino properties launch online gaming and for its ability to embed our on-property rewards programme into an online experience. Equipped with GAN’s Simulated Gaming, we will now introduce our casino properties online to a wider audience of casino enthusiasts located in adjacent regional markets,” Bill Oliver, CIO of the Agua Caliente Band of Cahuilla Indians said.

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Industry News

Push Gaming Partners with Royal Panda

Niji Narayan

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Push Gaming Partners with Royal Panda
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Games development studio Push Gaming has signed a deal with the popular online casino operator Royal Panda. As per the deal, Push Gaming will provide Royal Panda with its full suite of games.

The integration will see Royal Panda players be able to access more than 25 titles including Razor Shark, Wild Swarm, Immortal Guild and Tiki Tumble for the very first time.

“This is a great partnership for us to enter as Royal Panda is a popular casino brand in the UK and growing in emerging markets. This deal is testament to the popularity of our games, and we believe they will be a big hit with Royal Panda players,” James Marshall, CEO of Push Gaming said.

“Push Gaming are behind some of the most thrilling slots games on the market and we are thrilled to be able to offer them to our players. Titles such as Jammin Jars and Razor Shark are bold and vibrant and deliver a unique gameplay that has captured the attention of players in markets all over the world. We believe they will be just as popular with our players and will be a great addition to our already packed game portfolio,” Melvin Ritsema, Managing Director of Royal Panda said.

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