Financial

- March 31, 2020 By Riley Wilson -

The gambling technology giant Playtech ended 2019 with a net loss, despite excellent results made by its Snaitech business in Italy. According to the figures posted by the online gambling provider, the company generated 23% more revenue in 2019, while at the same time recording an 11% rise in adjusted earnings before interest, taxes, depreciation, […] Continue Reading

- March 24, 2020 By Riley Wilson -

The Nevada Gaming Control Board (NGCB) has recently posted its latest financials, revealing the Silver State recorded a 36% rise in revenue in January to $20.2 million. According to data provided by the NGCB, players in the state spent a total of $502.5 million in the first month of this year. That‘s 1.1% when compared […] Continue Reading

- March 19, 2020 By Riley Wilson -

The global outbreak of the COVID-19 virus has had a significant impact on the gambling industry around the world. Italy, which has been hit hard with the virus, closed its gaming venues – including betting shops and bingo halls – last week, and according to available information, they’ll stay shut at least until early April. […] Continue Reading

- November 5, 2019 By Riley Wilson -

Spain’s Consejo Empresarial del Juego (CEJUEGO) has published its 2019 Yearbook, which gives an excellent insight into the current situation in the Spanish gambling market, although its covers figures for 2018. According to available information, the country’s gambling sector still continues to grow, although the figures are far from the performance in the years before […] Continue Reading

- November 1, 2019 By Riley Wilson -

The award-winning producer of quality casino content NetEnt has just announced its latest results, revealing the company’s performance in the third quarter of this year. According to available information, NetEnt generated revenue of €41.1 million during the three-month period that ended on September 30, 2019. This represents a drop of 10% when compared to the corresponding […] Continue Reading

- October 21, 2019 By Oliver Young -

The UK gambling industry sure knows how to play it safe. After the GambleAware published the poor donations that didn’t meet its funding target for the 12-month period that ended on 31st of March 2019, the industry managed to collect a staggering sum for a period of 6 months. As the charity explains, they ask […] Continue Reading

- September 10, 2019 By Riley Wilson -

NetEnt has announced it has completed the acquisition of the Isle of Man-based online games developer Red Tiger Gaming. According to available information, the cash deal was worth £197 million, while the remaining amount of £23 million will become payable after 3 years, in 2022 and will depend on Red Tiger Gaming’s performance. An Important […] Continue Reading

- August 27, 2019 By Riley Wilson -

According to reports, in H1 2019 Playtech has experienced a decline in B2B revenue. The London-listed gaming supplier and operator of worldwide fame reported a 9% drop in B2B gambling revenues in H1 2019 and the reason seems to lie in continued struggles in Asian operations. On the other hand, the company’s 2018 acquisition of […] Continue Reading

- August 26, 2019 By Oliver Young -

Remember when New Jersey reached passed the record revenue of $39.1 million in March? Well, it beat it in only 4 months. The online gambling revenue in New Jersey reached $39.9 million in July this year, beating previous records set in March and October. Even better, the revenue is 52% higher than the revenue generated […] Continue Reading

- August 20, 2019 By Riley Wilson -

Portuguese gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) has recently posted its results for the second quarter of this year, revealing the country’s market recorded growth during this period. According to SRIJ, online casino vertical was the main driving force behind the latest result. Revenue Improving The country’s gambling […] Continue Reading