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Playtech Believes It Will Meet Its Annual Goals

- November 22, 2018 By Riley Wilson -

The Isle of Man-headquartered gambling software development company Playtech said earlier this month that it should meet its full-year goals in term of revenue. The main reason behind this optimistic statement is the fact that revenue from markets in Asia stabilised in the second half of the year. Estimates Are Positive If all goes as […] Continue Reading

NetEnt Reports Rise in Revenue During Q3 2018

- November 1, 2018 By Riley Wilson -

The leading developer of online gaming content NetEnt has announced its results for the third quarter of 2018, revealing an 11% increase in revenue. During the three-month period ended on September 30, NetEnt recorded revenue of €43.2 million, while the main factor behind this growth was the release of a number of new games, including […] Continue Reading

Ireland Set to Increase Gambling Tax

- October 9, 2018 By Riley Wilson -

According to numerous reports by media outlets in the Republic of Ireland, the Department of Finance is seriously considering an increase in the current gambling tax. The country’s finance minister Paschal Donohoe has already announced the current gambling tax, which is set at 1%, will be doubled. Doubling the Current Tax The long-awaited announcement will […] Continue Reading

Numbers Going Up in the Polish Market

- October 5, 2018 By Riley Wilson -

The Polish Ministry of Finance has published a report that cites sports betting as the main driving factor behind the growth in the local gambling market. According to available information, the regulated gambling market in Poland generated a turnover of $3.5 billion in the last year, which represents a solid year-on-year growth of 22%. At […] Continue Reading

Playtech Offloads Its Entire Plus500 Stake for $227M

- September 11, 2018 By Riley Wilson -

The Isle of Man-based online gaming development company Playtech has announced it has sold its entire holding of the ordinary share in the online trading platform Plus500. According to available information, $228 million earned from this transaction will be used by Playtech to refinance its existing debt. Selling All of its Shares The company later […] Continue Reading

Online Gambling in Spain Rises in Q2 2018; Poker Playing Drops

- August 29, 2018 By Oliver Young -

According to the latest figures issued by Spain’s DGOJ (Dirección General de Ordenación del Juego) this week, the online gambling market in the country is continuing its healthy growth in the second quarter of 2018. Reportedly, the online gambling industry has generated a total of €167.2 million during the second quarter of 2018 alone – […] Continue Reading

New Jersey Generates $40.6 Million in Sportsbetting Wagers in First Month

Atlantic City Casinos earn well from sportsbetting

- August 15, 2018 By Oliver Young -

In just more than a month since sportsbetting was officially green-lit on the territory of New Jersey, betting and casino operators have already managed to amass $40.6 million in wagers for the month of July. The numbers were revealed in an official report which outlined the money generated by some of the operators who already […] Continue Reading

William Hill Considers US Expansion, IGT Enters Mississippi Market

- August 8, 2018 By Oliver Young -

It seems that the US casino industry has been attracting lots of attention these past few days as big names have expressed plans to enter its market. Namely, the leading UK casino and sports betting operator William Hill has announced expansion in the US. IGT, a reputable game developer, on the other hand, has revealed […] Continue Reading

NetEnt Expected Better Results in Q2

- July 19, 2018 By Riley Wilson -

NetEnt, the renowned online software developer, has revealed the financial report for the second quarter of this year. The released numbers show the company’s total revenue for this period has increased by 5.9%. NetEnt managed to generate $49 million in revenue during Q2 2018, which is 5.83% more than during the corresponding period of 2017. […] Continue Reading

New Jersey Online Gambling Revenue Soaring

- June 18, 2018 By Oliver Young -

May has been an excellent month for the online gambling industry in New Jersey as the sector has scored its second-best results ever recorded in the Garden State. Namely, according to the report released by the New Jersey Division of Gaming Enforcement (NJDGE), the operators generated high revenue of $24.3 million during the last month. […] Continue Reading

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