Tags: Card Rooms and Poker Online Gambling Bingo 5th February 2019 | By Joanne Christie Projections now extend to 2023 and include post-PASPA US sports betting and April 2018 IMF GDP forecasts iGaming Dashboard – February 2019 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter H2 Gambling Capital and iGaming Business are pleased to bring you the February 2019 iGaming Dashboard.The iGaming Dashboard is your monthly overview of the igaming sector in numbers and enables you to follow the evolution of the market.The numbers have recently been updated to include April 2018 IMF GDP forecasts, an extension of the date range to 2023 and US sports betting.We have also recently added the pre-match vs. in-play split for global sports betting GGR.The graphs show how total global gambling gross win for igaming will evolve between now and 2023, while geographical breakdowns provide an overview of revenue levels for key regions around the world.The vertical breakdown shows how much different product segments generate.The term “white market” is used to describe taxed or fully legitimate markets, including the UK and any other market that is in transition.H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’ and investors’ views of the gambling sector across the globe. Topics: Casino & games Finance Lottery Sports betting Bingo Poker Subscribe to the iGaming newsletter Regions: Africa Asia Europe LATAM US North Africa & Middle East Email Address
Companies: Yggdrasil Topics: Casino & games Slots There’s a new sheriff in town and he’s got a wild case on his hands – a group of gun-toting desperados rode into town.Players team up with our bounty hunter in The One Armed Bandit where each Scatter is a captured gang member, awarding the price for their heads and Respins with a possible x5 Multiplier Wilds.A scatter on all reels kick starts the ultimate showdown in Free Spins Mode, bringing a progressive multiplier that can climb up to killer x20! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The One Armed Bandit by Yggdrasil Casino & games Subscribe to the iGaming newsletter Email Address There’s a new sheriff in town and he’s got a wild case on his hands – a group of gun-toting desperados rode into town. Players team up with our bounty hunter in The One Armed Bandit where each Scatter is a captured gang member, awarding the price for their heads and Respins with a possible x5 Multiplier Wilds. 23rd July 2019 | By Aaron Noy
Flutter shrugs off Covid-19 impact to post Q1 revenue growth Flutter Entertainment reported a 16% year-on-year increase in revenue for the first quarter of 2020, though growth slowed as a result of the novel coronavirus (Covid-19) pandemic suspending sports and closing of venues. 17th April 2020 | By contenteditor Topics: Casino & games Finance Sports betting DFS Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Regions: Oceania UK & Ireland US Australia Flutter Entertainment reported a 16% year-on-year increase in revenue for the first quarter of 2020, though growth slowed as a result of the novel coronavirus (Covid-19) pandemic suspending sports and closing of venues.Revenue for the three months ended 31 March 2020 amounted to £547m (€628m/$680m), thanks to growth across the core online business, supported by progress in the US and Australia. However, prior to 15 March, by which point most sports had been suspended, it revenue had been tracking 29% up from the prior year.The Paddy Power Betfair (PPB) Online business accounted for £247m of the Q1 total, up 9% year-over-year, though prior to 15 March, revenue had been 18% ahead of Q1 2019.Online sports betting contributed £159m to the channel, up 6%. While the operator did not break out stakes and revenue for sports betting and exchange betting, Flutter noted that sportsbook revenue for the quarter was up 43% in the period before 15 March, boosted by an improved net revenue margin and favourable results.Staking, largely as a result of the sporting shut-down but also affected by lower customer recycling due to the bookmaker-friendly results, fell 10%.Exchange and B2B revenue, meanwhile, fell 10% due to the brand pulling out of international markets and clients ceasing to use Flutter’s services.Gaming, on the other hand, was unaffected by the Covid-19 crisis, with revenue up 17% to £88m.With revenue of £120m – up 51% – the US moved ahead of Australia as the second biggest source of revenue. Before 15 March, this looked set to be an even more impressive quarter for the market, with revenue tracking 72% above the prior year.Growth was driven by expansion into Mississippi and Michigan and “excellent” customer acquisition, Flutter said. FanDuel has acquired more than 100,000 new customers since the beginning of the year, taking the total sportsbook customers acquired since its launch in the market to 450,000. This has helped it build a 41% share of all regulated US state markets.The £120m figure broke down to £87m for sports betting (up 24%) and £33m for online casino, a 255% year-on-year rise. Growth was aided by successful cross-sell strategies in New Jersey and Pennsylvania, where FanDuel launched online casino on 20 January. Across these two states alone, the brand’s combined igaming market share reached 25% in February.Revenue across the TVG racing and daily fantasy sports businesses, meanwhile, grew 3%.Australia followed, with revenue of £109m, up 21%. This was aided by active customer growth of 16% (pre-15 March), supported by a new marketing campaign, a 3% increase in player stakes, and an improved net revenue margin.Finally retail saw revenue fall 8% year-on-year to £71m, though it had been trading 13% ahead of the prior year before the 15 March shut-down. In the period to 15 March, sportsbook growth of 32% offset a 20% reduction in gaming revenue resulting from the new £2 fixed odds betting terminal stakes.Flutter noted that the closure of competitors’ shops as a result of this cut had boosted its retail performance in the quarter.“The group performed very well in the period prior to the disruption to sporting events in mid-March,” Flutter chief executive Peter Jackson (pictured) said. “We delivered strong customer growth across each of our brands and benefitted from favourable sports results across our sportsbooks.“Following the widespread cancellation of sporting events, group revenue has been more resilient than we initially expected, helped by the continuation of horse racing in Australia and the US. Gaming continues to perform well across the group.”While the performance to 15 March had been largely positive, the period from 16 March to 12 April highlighted the impact of the Covid-19 restrictions.In that four-week period, PPB Online revenue fell 32% year-on-year. While gaming revenue is up 15%, this has been more than offset by a 57% drop in sports betting revenue, which increased to 65% after Irish racing was suspended on 25 March.Australian revenue, meanwhile, is down 7% over the period. The impact of Covid-19 has been less pronounced, as a result of racing continuing behind closed doors, and Sportsbet has successfully migrated retail customers online as a result of betting shops being shuttered.The US has also proved more resilient, a 46% decline in sports betting revenue offset by gaming revenue growth of around 200%, for an overall decline of 8%. This, Flutter said, reflected FanDuel’s expanded US gaming footprint, and the continuation of some racing.With racing coverage being televised on mainstream channels as a result of other sports being suspended, the TVG product was being introduced to a new potential customer base, it noted.With UK retail operations suspended since 16 March, and Irish shops closed from 20 March, the channel did not provide any revenue in the four weeks to 12 April.Jackson said that during the crisis, Flutter was “keenly aware” of its duty to promote responsible gambling to protect its customers.“We have stepped up our own practices and are collaborating with our peers within the Betting and Gaming Council to continue to raise standards across the sector,” he said. “We are also working hard to provide all the support we can to our employees and I would like to thank them for their ongoing commitment and support for each other during this difficult period.”On 16 March the operator estimated that earnings would decline by up to £110m as a result of the disruption caused by Covid-19, though that assumed that all UK and Irish betting shops would remain open.Flutter didn’t provide a revised update on the earnings hit as a result of the shop closures, but said it would provide further updates “as and when appropriate”.However, it will not take advantage of financial support offered by governments as a result of the crisis for the time being.“We have concluded that for as long as possible, we will endeavour to fund the salaries of all of our employees through the group’s own financial resources,” Flutter explained. “Should the duration of the crisis be such that not taking this support would jeopardise jobs, we will review our position.”In conclusion, Jackson said the disruption caused by the pandemic underlined the importance of product and geographic diversification.“As such, the strategic logic of our combination with The Stars Group remains compelling,” he said. “Following approval of the deal yesterday by the Irish Competition and Consumer Protection Commission, we look forward to completing the transaction in Q2 upon receipt of outstanding shareholder and regulatory approvals.”The Stars Group, which issued its own trading update today (17 April), reported record revenue for the first quarter of 2020, as the novel coronavirus (Covid-19) outbreak led to significant increases in online poker and casino play. The operator saw revenue for the three months to 31 March rise 27% to $735m (£592m/$679m). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Subscribe to the iGaming newsletter Email Address
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Norsk Tipping to distribute NOK225m to grassroots sports Norwegian lottery operator Norsk Tipping has announced that it is to distribute NOK225m (£17.7m/€20.4m/$22.0m) to sports teams and charitable organisations throughout the country as part of its Grasrotandelen initiative. Email Address Topics: Finance Lottery Finance Subscribe to the iGaming newsletter Tags: Online Gambling 7th May 2020 | By contenteditor Norwegian lottery operator Norsk Tipping has announced that it is to distribute NOK225m (£17.7m/€20.4m/$22.0m) to sports teams and charitable organisations throughout the country as part of its Grasrotandelen initiative.More than 30,000 associations in Norway benefit from the scheme, including grassroots sporting organisations, health bodies, animal charities and children’s associations.Norsk Tipping customers select which initiatives receive the funding, with over 1.3m players having opted to support the scheme. Players choose one recipient, who will secure 7% of the sum they gamble, without it costing them any extra or impacting how much they can win.For the first payment of this year, covering the period to the end of April, Oslo-based Association for the Relocation of Animals will receive the most funds, with Norsk Tipping to distribute NOK1.7m to the organisation.Vålerenga Fotball, a football club also located in Oslo, will be given NOK1.1m in funds from the initial payment, while the Fredrikstad arm of community group Lions Club will receive NOK979,999.Norsk Tipping noted that the overall payment of NOK225m will be only NOK3m less than at the same point last year, despite the operator having been impacted by the novel coronavirus (Covid-19) outbreak.“Due to the coronavirus, we have had to put many of the activities we love so much on hold,” Norsk Tipping’s managing director Åsne Havnelid said. “The Grasrotandelen scheme means a lot to many teams and associations, and it is with great pleasure that we now pay out grassroots funds for the first four months of 2020.”In January, Norsk Tipping revealed it distributed almost NOK700m in gambling proceeds to grassroots initiatives across the country during 2019. Regions: Europe Nordics Norway
Email Address 18th May 2020 | By contenteditor GVC completes migration of Ladbrokes Coral brands Subscribe to the iGaming newsletter Strategy Tags: Online Gambling OTB and Betting Shops GVC Holdings has completed the migration of all brands within the Ladbrokes Coral business onto its proprietary technology platform. Topics: Strategy Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter GVC Holdings has completed the migration of all brands within the Ladbrokes Coral business onto its proprietary technology platform.The migration means that GVC, which acquired Ladbrokes Coral in March 2018, now counts Ladbrokes, Coral, Gala Bingo, Gala Casino and Gala Spins among the brands on its platform.GVC said that the migration was the largest in the history of the business and was one of the most complex processes ever carried in the gambling industry.The final part of the process saw 12.5m Ladbrokes customers migrated to GVC, with a total of 25m players moved across to the platform. Despite the scale of the project, GVC pointed out it was completed on time and within budget.“I am delighted that this critical and hugely complex stage of the Ladbrokes Coral integration process has been completed so successfully,” GVC’s chief operating officer Shay Segev said. “It is a great testament to the sophistication of our technology and the quality of our teams, and it is particularly impressive that they have managed to finalise it during this period of remote working. “It also positions the business even better to emerge from the current crisis from a position of strength.”According to GVC, the migration will deliver greater efficiencies, stability, speed to market, product development and customer propositions, as well as allow it to adapt to regulatory change and deliver a range of tools and initiatives to support and promote a safer gambling environment.GVC said that it would now proceed with the remaining process and back office integrations, with this set to deliver £130.0m (€145.7m/$157.5m) in annualised synergies by the end of 2021.In addition, GVC said the completion of the migration would free up technical resources that can be redeployed to drive product innovation and execute further M&A.“The GVC integration model has proved itself time and again to be extremely effective at integrating large-scale operations with minimal disruption to our underlying business.” Segev said.“As a result, we are confident in our ability to take advantage of the attractive M&A opportunities which we believe will present themselves to us in the future while further boosting the growth of our existing business.”Last month, GVC reported a year-on-year rise in revenue for the first quarter, despite business slowing down due to the novel coronavirus (Covid-19) global pandemic, but chose to cancel a planned dividend payment due to ongoing uncertainty over the outbreak.In a trading update, GVC said total group net gaming revenue (NGR) for the three months through to 31 March was 1% higher than in the same period last year.
Scientific Games has signed a multi-year extension to its New Jersey-facing content supply deal with Resorts Digital. Scientific Games extends with Resorts Digital in NJ AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 8th September 2020 | By contenteditor Regions: US New Jersey Scientific Games has signed a multi-year extension to its New Jersey-facing content supply deal with Resorts Digital.Under the renewed deal, Scientific Games will continue to support the Resorts-operated Resorts Casino and Mohegan Sun Casino sites with its OpenGaming platform.This allows Resorts to provide customers with access to a range of proprietary and third-party content through the Open Gaming System (OGS), as well as its OpenPlatform player account management platform.Resorts, which is partnered with sub-licensees DraftKings and PokerStars in New Jersey, has been working with Scientific Games in the state since 2015.Read the full story on iGB North America. Email Address Tags: Online Gambling Tech & innovation Subscribe to the iGaming newsletter Topics: Tech & innovation
“Aggressive and dynamic investment in user acquisition supported momentum and allowed the business to fully leverage Covid-19 related tailwinds, while taking further significant strides forward in organisational scale, capability and effectiveness.” “Our results for the full year to 30 September 2020 demonstrate that we have enhanced our financial fundamentals and further accelerated our underlying operational momentum, despite the exceptional challenges and volatility generated by Covid-19 on our business, customers, players and people across the majority of the period.” Topics: Casino & games Finance Land-based casino Online casino Slots Social gaming Full year results 2020 Digital shift helps Aristocrat weather Covid-19 impact in FY2020 Revenue from the channel grew by 31.9% to $2.36bn in the 12 months to 30 September. Tags: Covid-19 Aristocrat Leisure Due to the shift in channel of much of its revenue, Aristocrat’s cost of revenue was up 10.7% to $2.18bn, including $449.4m spent on digital user acquisition, up 37.0%. This meant that gross profit was down 19.4% to $1.96bn. “Aristocrat Digital delivered exceptional operational performance, while continuing to diversify and strengthen its portfolio and pipeline of new games,” the supplier’s chief executive and managing director Trevor Croker said. “FY2020 has been a challenging year for Aristocrat,” she said. “We delivered strong performance pre-Covid, while also growing share in key gaming (Land-based) markets and segments and delivering outstanding growth in our Digital business over the full year. In March, Aristocrat withdrew its outlook statement for the year due to “softer demand” caused by the virus. In April, the business announced that it would furlough 1,000 employees and permanently lay off another 200, mostly in and-based sales, service and manufacturing operations and mostly based in the US. Combining land-based and grouping by region, the total from the Americas, previously Aristocrat’s largest revenue stream, fell 29.8% to $1.37bn, while revenue from Australia and New Zealand dropped 39.5% to $280.6m. International revenue was down 35.7% at $131.4m. Regions: US Australia Gaming services revenue declined by 24.6% to $930.8m, while gaming machine sales were down 38.7% to $848.8m with outright sales volume down 45%. “In May, we said that Aristocrat entered the Covid-19 challenge in good shape,” he said. “Six months on, and notwithstanding the uncertainties that remain, we believe we’re well placed to emerge from this period in even better shape. While Croker noted the success in adapting to the crisis, director Kathleen Conlon noted that the year was still “challenging” for the business. The supplier said this was largely due to “outstanding performance” of its social casino product as well as the success of its Raid: Shadow Legends game. However, it paid $1.62bn in operating expenses, up 10.2%. The largest contributor to this total was general and administrative costs, which grew 11.9% to $684.4m. Design and development costs, meanwhile, slipped 0.5% to $497.4m while sales and marketing costs were up 34.1% to $291.1m and finance costs grew 11.4% to $151.2m. Aristocrat made $27.4m in other income. This was a 146.8% year-on-year increase. This resulted in a pre-tax profit of $359.m, down 63.1%. Full year results 2020 However, the business received a $1.02bn income tax benefit because of a deferred tax asset. After this, its profit came to $1.38bn, up 48.3%. After accounting for foreign exchange rate changes, Aristocrat’s net profit came to $1.26bn, up 74.5% from FY2019. In the first half of the year, which ended on 31 March, Aristocrat’s revenue came to $2.25bn, up 7.0% year-on-year, as digital revenue grew 27.3% year-on-year to $1.04bn. “Despite this, our overall financial performance was materially impacted by mandated venue closures and the implementation of social distancing measures that have been in place in key markets globally since March 2020.” Subscribe to the iGaming newsletter By segment, digital brought in the most profit, as this total grew 37.4% to $726.9m. Land-based operations in the Americas made a profit of $517.3m, a 51.8% decline, while in Australia and New Zealand, this profit was just $$58.9m, down 72.4%. International land-based revenue was down 63.6% to $34.3m. The supplier’s digital arm made up a majority of Aristocrat’s revenue for the first time, due to the impact of the novel coronavirus on land-based gaming. Aristocrat CEO Coker said these shifts mean the supplier is set to be better equipped for the future when the pandemic passes than before it started. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th November 2020 | By Daniel O’Boyle Aristocrat Leisurerevenue declined 5.9% to AUD$4.14bn (£2.28bn/€2.55bn/USD$3.03bn), as a growth in digital revenue helped offset the impact of the novel coronavirus (Covid-19) pandemic on the land-based sector in its 2020 fiscal year. Email Address
Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter The TwinSpires product will launch first in Michigan, where Churchill Downs is one of 15 initial online gambling licensees and hopes to launch later this month. CDI to unify betting and igaming products under TwinSpires brand Over the course of the first half of the year, BetAmerica will transition to TwinSpires in Colorado, Indiana, Michigan, Mississippi, New Jersey and Pennsylvania. Read more on iGB North America Strategy Topics: Sports betting Strategy Online casino The rebrand will come alongside Churchill Downs migrating its betting and igaming products from SBTech’s platform to a solution provided by GAN and Kambi. 5th January 2021 | By Daniel O’Boyle Churchill Downs Incorporated (CDI) will rebrand its sportsbook and online gaming product from BetAmerica to TwinSpires, the name it currently uses for its online pari-mutuel racing wagering product. Tags: Churchill Downs TwinSpires Email Address
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Melco Resorts to pay one month discretionary bonus to all employees Melco Resorts and Entertainment has announced that a one-month, non-recurring discretionary bonus will be paid to all of its eligible non-management employees. Casino & games The City of Dreams resort in Macau continued to be the operator’s leading property, despite revenue falling by 88.4% to $91.4m. Studio City, which it part-owns, brought in just $30.8m, down 90.1% and Altria Macau revenue fell 90.8% to $11.0m. Topics: Casino & games Land-based casino Lawrence Ho, chairman and chief executive of the casino operator said: “We are pleased to announce a non-recurring discretionary bonus to recognize the hard work, loyalty and dedication of our eligible non-management colleagues ahead of the Chinese New Year. Casino remained the operator’s largest revenue contributor, though its $170.8m Q3 total represented an 86.3% decline year-on-year. “The year 2020 has certainly been challenging; affecting businesses and communities all around the world. We appreciate our colleagues’ every contribution during this difficult time as we continue to stand as one to weather the challenges in the new year with optimism and courage.” Subscribe to the iGaming newsletter The operator reported a $386.9m loss as stringent travel restrictions put in place in Macau in response to the novel coronavirus (Covid-19) pandemic took their toll on its revenue. Its Cyprus operation, a temporary casino operating while Melco constructs its City of Dreams Mediterranean property, was the most resilient business unit, with revenue down 23.2% at $20.5m. 20th January 2021 | By Conor Mulheir The sharp declines suffered in 2020 followed a year of strong growth in 2019. The 3 months to 30 September 2019 saw it bring in $1.44bn in revenue, up from $1.24bn for the same period in 2018. Regions: Macau The jurisdiction showed signs of recovery in December as GGR reached MOP7.82bn. This figure was 65.8% lower than the MOP22.84bn generated in the same month in 2019, but the second highest monthly total of 2020. Email Address Tags: Melco Resorts & Entertainment Gross gaming revenue in Macau amounted to MOP60.44bn (£5.55bn/€6.15bn/$7.57bn) in 2020, down from MOP292.46bn in 2019. Results published in November showed that Melco’s revenue had fallen 85.2% year-on-year to $212.9m (£155.7m/€175.8m) in the third quarter of 2020. Hotel revenue was down 82.9% at $15.2m, while food and beverage slipped 77.4% to $13.4m.
Email Address FanDuel secures partnership with Inside the NBA’s Kenny Smith As well as appearing in FanDuel advertising and TNT promotions, the 56-year-old nicknamed “the Jet” will also provide content for FanDuel’s social media channels. 12th March 2021 | By Nosa Omoigui Subscribe to the iGaming newsletter Topics: Marketing & affiliates Sports betting People moves Online sports betting Sportsbook Read the full story on iGB North America. Regions: US Sports betting giant FanDuel has announced a new multi-year partnership with two-time NBA champion and Inside the NBA analyst Kenny Smith. Tags: NBA FanDuel AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Marketing & affiliates