If not for his gray stablemate’s late-season ascension, Baoma Corporation’s Drefong would have been the brightest rising star of 2016.
Monthly Archives: July 2017
Marina Bay Sands: where VIP gamblers’ luck goes to die
Casino operator Las Vegas Sands saw its revenue top $3b in the second quarter of 2017, thanks in part to a luckier than usual VIP performance at its Singapore operations.
Figures released Wednesday show Sands’ revenue rising 18.6% to $3.14b in the three months ending June 30, while operating income rose 57.5% to $816m and net income spiked nearly 62% to $638m.
Sands China’s operations in Macau remain the company’s main breadwinner, posting revenue of $1.82b, up 23% year-on-year, while net income was up 37.6% to $326m. The strong performance comes just as Sands China’s debut property, the Venetian Macao, prepares to celebrate its tenth anniversary on August 28.
Total mass gaming revenue in Macau was up 22.6% year-on-year (base mass up 11%, premium mass up 39.3%), while VIP win was up over one-third from Q2 2016.
Jockey Flores Plans to Retire From Riding
Jockey David Flores, who secured three Breeders’ Cup wins in the early 2000s and delivered top-notch wins throughout his career, plans to retire from racing after this weekend at Del Mar.
Can'thelpbelieving, Dragon Bay Duel in Nijinsky Stakes
Can’thelpbelieving, second last time out in the United Nations Stakes (G1T), leads a short field of five signed up to travel 10 furlongs on the Woodbine turf in the $175,000 Nijinsky Stakes (G2T) July 29.
Kambi Sports Solutions revenue rises, profit plunges in Q2
Sports betting technology provider Kambi Sports Solutions insists everything is fine despite revenue rising and profit plunging in the second quarter of 2017.
The Malta-based Kambi released its Q2 earnings report on Wednesday, which showed revenue improving 3% year-on-year to €14.1m in the three months ending June 30. Despite that rise, operating profit fell from €2m in Q2 2016 to just €300k this past quarter, while after-tax profits fell from €1.8m to just €100k.
Kambi blamed a good chunk of the earnings shortfall on the renewal of its contract with UK-listed operator 888 Holdings’ sports betting division 888sport. The parties have just announced a multi-year extension to their relationship, which began four years ago and has seen 888’s sportsbook revenue grow more than five-fold over that span.
Kambi’s new deal with 888sport backdates its commercial terms to January 1, resulting in a €1m adjustment to Kambi’s revenue and earnings over the first half of 2017. Despite this impact, Kambi insists the deal “is in the long-term interest of Kambi’s growth” as it secures multi-year revenue from a “key customer.”
Friends Who Invested in WSOP 2017 Main Event Winner Scott Blumstein Now $40K Richer
2017 WSOP Main Event winner Scott Blumstein wasn’t the only person benefiting from the deuce on the river that beat Dan Ott on the final hand of poker’s biggest tournament […]
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Kindred Group record revenue following 32Red acquisition
Stockholm-based online gambling operator Kindred Group reported record revenue in the second quarter thanks to contributions from new acquisition 32Red.
Figures released Wednesday show Kindred’s revenue hitting £166.6m in the three months ending June 30, a 32% rise over the same period last year (22% in constant currency terms). Earnings rose 52% to £33.4m while after-tax profits were up by a similar margin to £20.4m.
On June 6, Kindred completed its acquisition of online casino operator 32Red, which contributed revenue of £4.7m and earnings of £1.2m to Kindred’s Q2 results. Kindred is now focused on integrating 32Red’s operations into its own and expects to migrate 32Red onto the Kindred platform by Q2 2018.
Sports betting turnover shot up nearly 28% to £1.15b in Q2, while sports revenue improved 30% to £73.2m. Live betting accounted for 61.6% of turnover and 52.3% of betting revenue.
CEEGC 2017 announces the moderators of the Eastern and Central European panel (Rita McClelland and Mihnea Popescu-Grisogono)
26 July 2017, Budapest: To put it in the words of Zoltan “Hawkie” Tundik, Founder and Head of Business at EEGMedia/EEGEvents, organizers of CEEGC Budapest:
“Central and Eastern European Gaming Conference is all about close industry friendships and business relationships, which bond together all attending delegates, speakers and moderators. We would like to think that we are building a large igaming family at all our organized events. Such is the case of the announced moderator who have also been present at the inaugural edition last year.”
CEEGC2017 is going all in and beside the innovation talks and cryptocurrency dedicated panel is strengthening the contents of the Eastern and Central European panels.
“The growth of regulated markets in the Eastern European region panel” has been designed to bring the latest information about the newly adopted regulatory updates in the Eastern European markets and we do believe the importance of the panel is vital.
Fresh set of ‘irresponsible,’ ‘misleading’ promos draw UK advertising watchdog’s ire
Two online gambling operators recently received an earful from the Advertising Standards Authority (ASA) over promotions that the UK watchdog deemed “irresponsible” and “misleading.”
First up is Gibraltar-based Coral Interactive, whose TV advertisement was banned for putting pressure on players to gamble.
The TV ad in question was broadcasted on April 16, 2017, and featured stylized clips of footballers with a voiceover stating, “The beautiful game you can watch it or you can get involved in it with the latest Coral action. So are you a spectator or are you a player? You decide. Coral. Get in on the action.”
Two complainants, however, challenged whether the voicer implied only gamblers were true “players” and that gambling was better than watching the sport.
France sets online sports betting records, racing shows signs of life
France’s online sports betting market set new records for both turnover and revenue in the second quarter of 2017.
Figures released Wednesday by French gambling regulator ARJEL show sports betting turnover hitting €636m in the three months ending June 30, a 9% rise over the same period last year and a new quarterly record for the French market.
While the betting turnover growth was the smallest year-on-year percentage gain in nearly four years, Q2 2016 featured the Euro 2016 football tournament, which ran from June 10 to July 10. Notably, the apples-to-apples turnover gains in April and May were up 28% year-on-year.
As a result of those early gains, sports betting revenue hit €111m in Q2, up 22% year-on-year and another new market high as pre-bonus sports margins improved by 1.9 points. With the Euro 2016 customer acquisition frenzy a distant memory, bonus offers were down one-third year-on-year, pushing actual margins 3% higher year-on-year.
BetConstruct seals a deal with 1X2 Network
July 26, London, UK: Award-winning technology provider BetConstruct announces a new distribution agreement with 1X2 NETWORK.
Joining forces with 1X2 NETWORK, BetConstruct will now offer customers a variety of entertaining sports games, table games and slots, all designed in engaging graphics. The content is deployed fully in HTML5 for both desktop, tablet, mobile and retail.
Kevin Reid, Commercial Director of 1X2 NETWORK: “We are extremely excited to be working with a company of the stature of BetConstruct. Partnering with such reputable companies and industry leaders as BetConstruct underlines the market’s appetite for our wide variety of games including our new high production Iron Dog Studio content, alongside the strong and well balanced content from 1X2gaming.
Sergey Harutyunyan, COO of BetConstruct: “We are pleased to offer the unique gaming products of 1X2 NETWORK to our growing casino engine. With the new concepts and technologies, 1X2gaming and Iron Dog Studio portfolios will be very popular among our diverse range of clients.”
Sporting Index Group undergoes a rebrand with newly-formed ‘Sporting Group’ label
London, 26th July 2017 – Sporting Index, the leading spread betting company, has today announced it has formed part of a company rebrand alongside betting software and data experts Sporting Solutions to operate under the newly formed ‘Sporting Group’.
Formerly ‘Sporting Index Group’, the rebrand reflects the wider group’s commitment to continue offering in-play spread betting and trading expertise to its customers with a fresh, revamped look.
Sporting Index, which has a rich heritage of spread betting dating back to 1992 and is celebrating its 25th anniversary this year, prides itself on operating as a dynamic and innovative business which has seen the company cement its position as the number one spread betting company in the world.
As a pioneer of supplying B2B services to the wider sports betting industry, Sporting Solutions has built a strong reputation for providing pricing and trading expertise to the world’s leading betting operators. Experts in developing software tools that are “designed by traders for traders”, the Sporting Solutions team have years of trading risk on sporting events that is unparalleled in the industry.
Kambi Group plc signs long-term contract extension with 888 Holdings
Two parties commit to fresh multi-year deal as Kambi-powered operators record 16% Q2 turnover growth
Kambi Group plc has this morning announced a long-term extension of its contract with 888 Holdings, a deal which will see Kambi continue to provide its premium Sportsbook and technology services to the operator’s leading 888sport brand.
The multi-year agreement recognises Kambi as 888’s Sportsbook of choice, with both parties committed to strengthening the relationship and driving 888sport forward over the coming years. The deal also cements Kambi’s position as the leading supplier to Tier 1 operators in regulated markets.
888sport has been powered by Kambi since May 2013, at which point the operator’s annual sports revenues totalled US$7m. Since the formation of the partnership, 888’s sports revenues have grown considerably, up to the $52m registered in 2016.
Taehoon Han Ships PokerStars Festival Korean Main Event Against More Seasoned Opponent
Earlier this week, New Zealand’s Taehoon Han won the PokerStars Festival Korean Main Event to capture a ₩83,130,000 ($74,651) first-place prize. It was a surprise upset for the player, who […]
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CA Rundown July 26
In this episode of the CalvinAyre.com Rundown, Stephanie Raquel brings you the top industry news and the latest on WSOP Rookie Scott Blumstein dominating the WSOP, anti-gambling plans in Uruguay and Scientific Games pulls a surprising $762M Q2 revenue.
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Macau units lift Wynn Resorts Q2 net revenues
US casino operator Wynn Resorts saw its new revenues rise 44.5 percent on the back of robust gambling in Macau during the second quarter.
In a regulatory filing, Wynn announced that its net revenue jumped to $1.53 billion in the April to June 2017 period – $470.9 million increase from the same period in 2016.
Adjusted net income attributable to Wynn Resorts also rose to $120.9 million in the second quarter of 2017 from $108.7 million in the same period last year.
Wynn attributed the second quarter revenue increase to the strong performance of Wynn Palace, which opened in the third quarter of 2016, and Wynn Macau.
Beginning of altcoin’s end: US signals digital coins may be subject to federal securities law
Sale of digital coins in the United States are subject to the country’s securities laws, the U.S. Securities and Exchange Commission declared on Tuesday, possibly marking the beginning of the end for the altcoin era.
The commission has been investigating the tokens offered and sold by The DAO, the ethereum project that lost close to $60 million worth of ether in an attack that took advantage of a code issue.
The so-called “DAO tokens,” according to the SEC, are considered securities, and therefore, fall under the federal securities laws. Issuers of blockchain-based securities are required to register their offers and sales unless a valid exemption applies, and those who participate in unregistered offerings may be liable for violations of the securities laws.
Although it was described as a “crowdfunding contract,” the SEC said the DAO would not have met the requirements of the Regulation Crowdfunding exemption because it was not a broker-dealer nor a funding portal registered with the commission and the Financial Industry Regulatory Authority.
BtoBet discusses new leading partnership in Nigeria
During its exclusive roadshow and the VIP dinner organized in Lagos, BtoBet presented the new technology features of its platform to existing clients and tightened new partnerships with local companies willing to develop their business in the region and acquire new market share with BtoBet.
With 150 million mobile users in the area – 52% of the population – and an increasing interest in mobile shopping, the Nigerian gambling market is showing clear signals of being ready to step towards mobile and online. However, the evolution from retail to mobile is challenging; in fact, it requires more than a simple creation of a mobile page.
If you wish to have an insight into the Nigeria gambling market, download the Interview “BtoBet interviews John Kamara on Nigeria’s betting market.”
During the recent show in West Africa, local operators had the possibility to discover how to expand their business in Nigeria with the right tools and fitting technology. BtoBet’s chairman Alessandro Fried was a speaker in the panel “Making the most of growing opportunities in Africa”, showing his vision about how local operators must be prepared to step into the developing scenario towards mobile.
Bede Gaming explores future of bingo and slots innovation
26th July, 2017: Bede Gaming, a leading supplier of software to the online gaming industry, shone a light on the future of the bingo sector at the recent Online Bingo & Slots Summit, held at London’s Hippodrome Casino.
Bede CEO Michael Brady moderated a lively panel looking at innovation in bingo and slots featuring Gary Keaney, Director of Bingo Products at Playtech, Helen Walton, CCO and co-founder at Gamevy, and Simon Collins, founder of Gaming Realms.
The panel debated the key challenges and opportunities for the sector, with a focus on creating more engaging content, differentiating titles and gaining a better understanding of player preferences.
Michael Brady, CEO of Bede Gaming, said: “It was a pleasure to moderate a panel featuring three of the most experienced and innovative minds in the bingo and slots sector.
Jesper Karrbrink: Boost your brand through corporate social responsibility
In this interview with CalvinAyre.com’s Becky Liggero, Mr. Green CEO Jesper Karrbrink explains why operators should invest in corporate social responsibility.
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