Online gaming technology provider GAN says it recorded its first ever ‘clean’ earnings in the first half of 2017 following significant investment in the US casino market.

On Thursday, GAN released its H1 earnings report, which showed gross revenue of £18.6m in the first six months of 2017, up 17% from the same period last year. Net revenue gained 6% to £4.1m but the company still booked a net loss of £2m, although that’s an improvement over the £2.3m GAN lost in H1 2016.

GAN (formerly known as GameAccount Network) chose to celebrate its maiden ‘clean’ earnings – basically, a non-GAAP measure that takes regular EBITDA and subtracts all items the company considers non-recurring one-offs – of £24k versus a £500k loss in H1 2016.

Nearly two-thirds of GAN’s H1 revenue came via the US market, which is primarily driven by brick-and-mortar casinos signing up for GAN’s Simulated Gaming online free-play casino, although GAN does supply real-money gambling technology to Betfair’s New Jersey-licensed gambling site.

Online and land-based gambling operators are continuously looking for new opportunities, particularly in Asia. And with Macau working hard to become the tourism and leisure destination, the field is now open for other neighboring countries to play their cards right for a slice of the gaming pie.

Taiwan is among the countries vying to become the next Asian destination for gambling. On Oct. 28, the Taiwanese outlying island of Kinmen is scheduled to hold a referendum on gambling, in which its residents will decide whether they want a casino to be built in Kinmen.

Then, industry players, experts and affiliates will be visiting the country for a brand new conference that will assess Taiwan’s chances of becoming the next destination for land-based and online gambling businesses.

The inaugural Asia Gaming Summit – Taiwan will be held from Nov. 8-10 at W Taipei and promises to take a look at the current state of things as well as the future opportunities for the casino industry in Taiwan.

Online and land-based gambling operators are continuously looking for new opportunities, particularly in Asia. And with Macau working hard to become the tourism and leisure destination, the field is now open for other neighboring countries to play their cards right for a slice of the gaming pie.

Taiwan is among the countries vying to become the next Asian destination for gambling. On Oct. 28, the Taiwanese outlying island of Kinmen is scheduled to hold a referendum on gambling, in which its residents will decide whether they want a casino to be built in Kinmen.

Then, industry players, experts and affiliates will be visiting the country for a brand new conference that will assess Taiwan’s chances of becoming the next destination for land-based and online gambling businesses.

The inaugural Asia Gaming Summit – Taiwan will be held from Nov. 8-10 at W Taipei and promises to take a look at the current state of things as well as the future opportunities for the casino industry in Taiwan.

Genius Sports to drive commercial returns from FAW’s data in the media and regulated betting sectors

(UNITED KINGDOM, London – 28 September, 2017) Genius Sports, the global leader in sports data technology, commercialisation and distribution services, has formed a partnership with The Football Association of Wales (FAW) to maximise the commercial value of the governing body’s official data.

Under the terms of the agreement, Genius Sports’ network of highly trained, accredited statisticians will collect real-time data from pitchside at a wide range of competitions including the JD Welsh Premier League, Orchard Welsh Premier Women’s League and the JD Welsh Cup.

The FAW has granted Genius Sports the non-exclusive, worldwide commercialisation rights for this data within the media and regulated betting sectors.

Genius Sports to drive commercial returns from FAW’s data in the media and regulated betting sectors

(UNITED KINGDOM, London – 28 September, 2017) Genius Sports, the global leader in sports data technology, commercialisation and distribution services, has formed a partnership with The Football Association of Wales (FAW) to maximise the commercial value of the governing body’s official data.

Under the terms of the agreement, Genius Sports’ network of highly trained, accredited statisticians will collect real-time data from pitchside at a wide range of competitions including the JD Welsh Premier League, Orchard Welsh Premier Women’s League and the JD Welsh Cup.

The FAW has granted Genius Sports the non-exclusive, worldwide commercialisation rights for this data within the media and regulated betting sectors.

Philippine-listed game technology provider PhilWeb Corp. president Dennis Valdes has painted a rosy picture for next year as the company waits for Philippine Amusement and Gaming Corporation’s (PAGCOR) go-signal to operate.

The Philippine Daily Inquirer reported that Valdes is seeing a reversal of PhilWeb’s fortune by next year now that PAGCOR has already issued a provisional certificate of accreditation for the company to be an electronic gaming system (EGS) provider.

As an EGS provider, PhilWeb may be able to offer software and other services to operators of Pagcor-licensed gaming sites. Valdes said they are now waiting for PAGCOR’s notice to operate.

During the company’s annual stockholders meeting on Wednesday, Valdes assured investors that the company is “moving towards renewal” and that PhilWeb is “here for a fresh start.”

Online bookmaker Sportsbet has come under fire for offering odds on the legalization of same-sex marriage in Australia.

ABC.net.au reported that Sportsbet has withdrawn its postal survey on Australia’s same-sex marriage from the market after drawing flak on social media and prominent Yes campaigner and Sydney MP Alex Greenwich.

The Australian bookmaker ran advertisements related to the same-sex marriage postal survey on various platforms including Twitter and Instagram. Their campaign, according to the report, dates back five years ago, checking the public pulse on how Australians will cast their votes on the issue.

Sportsbet’s campaign, however, ended last Wednesday evening after it informed punters that it will no longer accept bets on the issue.

Nova Scotia is now at loggerheads with the federal government after the former contests the supposed CAD53.4 million (US$40 million) it owed in connection with First Nations video lottery terminal revenue.

CBC News reported that Nova Scotia filed an appeal before a Canadian tax court challenging the move of the Canadian Revenue Agency (CRA) to levy harmonized sales tax assessment on video-lottery revenues from First Nations in the province.

The appeal is also intended to recover a total of CAD53.4 million it reluctantly paid should Nova Scotia wins the case against the CRA.

Records showed that the province made the initial payment of CAD29.6 million (US$23.68 million) in 2013 and another CAD23.8 million (US$19.04 million) in monthly remittances pending the outcome of its tax court appeal

Ohio may soon join the 16 other US states to legalize fantasy sports – that’s if things go according to Rep. Jonathan Dever’s plan.

Crain’s Cleveland Business reported that a bill, which seeks to regulate fantasy sports in Ohio, may be enacted in the first quarter of 2018. Right now, the legislation sits idly in the state senate.

Ohio is considered by daily fantasy sports operators – including big firms like DraftKings and FanDuel – as one of the 10 states that matters due to the sheer population of the fantasy sports players in the said jurisdiction.

Fantasy Sports Trade Association said Ohio has an estimated 1.9 million players. On the other hand, there are 25 to 30 fantasy sports operators in the state. DraftKings and FanDuel have a combined 400,000 players in Ohio.