Connect with us
SIS

Latest News

Unlicensed gaming operators report revenue rise in Sweden

Niji Narayan

Published

on

Unlicenced gaming operators report revenue rise in Sweden
Photo Source: fiverr.com
Reading Time: < 1 minute

 

The latest report published by Swedish gaming regulator – Lotteriinspektionen, for the first three quarters of the year reveals that the revenue of unlicensed operators increased, while that of the licensed operators decreased slightly.

According to the report, gross gaming revenue (GGR) reached €1.5 billion during the period, a 1 per cent year-on-year increase.

However, licensed operators suffered a 2 per cent dip in revenues and their overall revenue reduced to €1.1 billion. State monopoly gaming operator Svenska Spel also suffered a 2 per cent decrease in revenues to €620 million. On the other hand, unlicenced operators got a 12 per cent year-on-year hike and reported a revenue of €436 million.

The revenue of land-based gaming also fell by 9 per cent, while the online sector reported a 23 per cent rise. Sweden’s new gambling regulations will come into effect on 1 January 2019. The country has received 60 license applications, 55 of them for online gambling.

Gambling in the USA

GAN’s Online Gambling Revenue in Pennsylvania Rises in February 2020

Niji Narayan

Published

on

GAN’s Online Gambling Revenue in Pennsylvania Rises in February 2020
Reading Time: < 1 minute

 

GAN plc has updated the market following the publication of Internet gaming and Internet sports betting financial information for the calendar month of February 2020 in Pennsylvania, by the Pennsylvania Gaming Control Board (PGCB).

Internet Gaming Win was $19.5 million in February, reflecting an increase of 39.6% from the prior sequential month. Total Internet Sports Wagering Handle was approximately $294.1 million in February, compared to $308.6 million in January. Internet Sports Wagering Gross Revenues (after payouts) for the month of February were $10.8 million, compared to$26.7 million in January.

Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.

Continue Reading

Asia

Suncity Group Announces Delay to Launch of Hoiana Casino Resort

Niji Narayan

Published

on

Suncity Group Announces Delay to Launch of Hoiana Casino Resort
Reading Time: < 1 minute

 

Suncity Group has announced the postponement of the launch of its Hoiana casino resort in Vietnam due to the ongoing coronavirus crisis.

In a press release, Alvin Chau Cheok Wa, chairman of Suncity Group Holdings, said: “In summer 2020, we will unveil Hoiana Phase 1 for the first time ever in an exclusive preview, with the grand opening now scheduled in 2021.”

He said the new timeline for the opening of the Hoiana casino resort’s first phase was “a consequence of the uncertainties” brought on by the COVID-19 crisis.

“Suncity’s investment in Vietnam is intended to stay for a very long time,” he said.

Suncity is one of the investors in the Hoiana casino scheme and according to previous filing the group’s listed business is to handle casino operations there.

Continue Reading

Latest News

Betsoft Enters Colombia Through Rivalo Partnership

Niji Narayan

Published

on

Betsoft Enters Colombia Through Rivalo Partnership
Reading Time: < 1 minute

 

Colombian operator Rivalo has partnered with iGaming developer Betsoft Gaming. The operator chooses Betsoft’s award-winning content to further its reputation as the region’s top online platform.

The partnership will allow Rivalo to offer the best quality gaming experience to players in Colombia and ultimately, further afield. Betsoft Gaming recently passed a rigorous ISMS Audit giving it autonomy to operate in Colombia.

“The Latin-American market is a hugely exciting opportunity for us; we take new business markets very seriously, hence our commitment to regulation and compliance. We are very pleased to build a successful relationship with a professional and well-respected operator such as Rivalo,” Francesca Raniolo, Sales Executive at Betsoft Gaming, said.

“Now more than ever, having a great offering of casino games, will be the determinant factor for customer acquisition and retention. As we are one of only 18 licenced operators in Colombia, it is critical for us to work with providers who more than meet the requirements set by our regulator, so we are delighted to integrate Betsoft’s game offering into Colombia,” Alvaro Jose Mosquera, Country Manager at Rivalo, said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.