Category Archives: In The Biz

From Las Vegas to Sydney: the WSOPC continues to expand globally with six more international stops

The World Series of Poker Circuit will increase its global exposure after announcing six more international stops during the 2016/2017 tournament series.

You have to chuckle at the confidence of Benny Binion when in 1970 he invited some of his buddies along to his casino to play cards and called it the World Series of Poker (WSOP).

It was hardly very worldly.

Worldly or not, his idea caught on, as people from all over the country flocked to Las Vegas to compete for gold bracelets. Then the foreigners started to invade in search of easier pickings.

Hong Kong Jockey Club inks UK Tote commingling deal

The Hong Kong Jockey Club (HKJC) has ensured its massive betting pools grow even larger after inking a commingling deal with the UK Tote.

On Tuesday, the HKJC announced that UK punters would be able to place wagers on the HKJC’s pari-mutuel tote pools starting with Wednesday’s race meeting at Happy Valley. Satellite Information Services will distribute the live broadcasts to audiences in UK betting shops.

The deal will allow UK operators including UK Tote owner Betfred and the newly united Coral and Ladbrokes to offer HJKC betting pools via online and retail. The HKJC says it anticipates signing deals with other UK operators in the coming months. However, UK punters will not have access to fixed-odds wagering on Hong Kong races.

George Irvine, the HKJC’s Commingling Development Director, welcomed UK punters into the pool while celebrating the fact that “Hong Kong racing will be available in thousands of retail betting outlets while future agreements we are finalizing will enable later delivery direct to millions of UK households.”

Golden Nugget tightens grip on New Jersey online revenue crown

Atlantic City’s Golden Nugget casino has retained its position atop the New Jersey online gambling revenue chart for a second month.

Figures released Tuesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s regulated online gambling market generated revenue of $16.2m in October, 35% higher than the same month last year although flat from September 2016’s total.

As usual, the gains were largely attributable to the casino vertical, which shot up 38.6% to $14.2m. However, the traditionally underperforming poker vertical posted a year-on-year gain for the third straight month, rising 13.9% to just over $2m.

For the year-to-date, the state’s online market total is up nearly one-third to $144.5m, with casino rising 37.2% to $124.5m and poker up 11% to just under $20m.

NYX Gaming Group revenue spikes following acquisitions

Toronto-listed gambling technology provider NYX Gaming Group enjoyed a healthy bump in its Q3 figures following its OpenBet acquisition.

Figures released Tuesday show NYX revenue quadrupling to C$54.3m in the three months ending September 30 while net income totaled C$41.3m, a dramatic turnaround from the C$6.5m loss in the same period last year.

The noticeable positive swing came courtesy of NYX’s acquisition this spring of sports betting technology provider OpenBet, as well as a full quarter’s contributions from software suppliers Chartwell and Cryptologic, which NYX acquired at the end of July 2015.

Royalty and license revenue rose 131% to $26.5m, professional services revenue improved to $24.3m from just $400k in Q3 2015, and social gaming revenue more than doubled to $3.1m. However, in keeping with the adage that with great power comes great responsibility, administrative and personnel expenses tripled to $33.8m.

VIGE2017 announces latest Media Partner, iGaming Business

Tueday, 15th of November 2016 – The organizers are proud to announce that one of most devoted partner which has the largest impact in the online gaming media and events industry has become a Media Partner for Vienna International Gaming Expo 2017, which is going to take place in Vienna, Austria between 20-22 March 2017 at the Austria Vienna Center.

This company is no other then the unmistakable iGaming Business.

Alex Pratt, Managing Director, iGaming Business stated that: “As the leading publishing, data and intelligence company in the igaming market, iGaming Business are excited to be partnering with this new event in Vienna. We are looking forward to showcasing all the latest developments at iGaming Business to the attendees of the show.”

Zoltan “Hawkie” Tundik, Founder and Head of Business at EEG(organizers of VIGE2017) has stated that: “iGaming Business is one of the biggest supporter of our business and has been our most helpful partner, even from the start of our EEG project. Having them as Media Partner for the Vienna International Gaming Expo means really a lot for our company and for the event. Starting from this week, all registering delegates will have the option to opt-in for an exclusive free trial of the iGaming Business Magazine.”

VIGE2017 announces latest Media Partner, iGaming Business

Tueday, 15th of November 2016 – The organizers are proud to announce that one of most devoted partner which has the largest impact in the online gaming media and events industry has become a Media Partner for Vienna International Gaming Expo 2017, which is going to take place in Vienna, Austria between 20-22 March 2017 at the Austria Vienna Center.

This company is no other then the unmistakable iGaming Business.

Alex Pratt, Managing Director, iGaming Business stated that: “As the leading publishing, data and intelligence company in the igaming market, iGaming Business are excited to be partnering with this new event in Vienna. We are looking forward to showcasing all the latest developments at iGaming Business to the attendees of the show.”

Zoltan “Hawkie” Tundik, Founder and Head of Business at EEG(organizers of VIGE2017) has stated that: “iGaming Business is one of the biggest supporter of our business and has been our most helpful partner, even from the start of our EEG project. Having them as Media Partner for the Vienna International Gaming Expo means really a lot for our company and for the event. Starting from this week, all registering delegates will have the option to opt-in for an exclusive free trial of the iGaming Business Magazine.”

Bitcoin betting surges during US election season

Donald Trump and Hillary Clinton may be considered to be the least popular presidential candidates in the history of American politics, but that hasn’t stopped punters from pouring in a record number of wagers into betting sites.

The recently held 2016 U.S. presidential elections has been called the biggest non-sporting betting in the UK’s history, surpassing even the Brexit referendum, with punters spending more than £150 million on the outcome.

Bitcoin betting sites, such as Fairlay, BitBet, Predictous and BetMoose, also experienced a surge during the election season.

In an interview with Brave New Coin, a Fairlay representative said that a single political bet on its site attracted 4,356 predictions, which are worth an estimated $956,000 at current digital currency exchange rates.

Bitcoin betting surges during US election season

Donald Trump and Hillary Clinton may be considered to be the least popular presidential candidates in the history of American politics, but that hasn’t stopped punters from pouring in a record number of wagers into betting sites.

The recently held 2016 U.S. presidential elections has been called the biggest non-sporting betting in the UK’s history, surpassing even the Brexit referendum, with punters spending more than £150 million on the outcome.

Bitcoin betting sites, such as Fairlay, BitBet, Predictous and BetMoose, also experienced a surge during the election season.

In an interview with Brave New Coin, a Fairlay representative said that a single political bet on its site attracted 4,356 predictions, which are worth an estimated $956,000 at current digital currency exchange rates.

Five US states join NJ sports betting appeal case

In times of crisis, New Jersey is relying on the help of its “friends.”

Five US states have sent their respective attorney generals to join New Jersey in its quest to legalize sports betting by filing an amicus petition before the US Supreme Court.

The states of West Virginia, Arizona, Louisiana, Mississippi, and Wisconsin have all presented themselves as amici curiae or – in its literal sense – friends of court after sports betting law expert and Florida State associate professor Ryan Rodenberg filed an amicus brief.

Of the five states joining the legal fray, Legal Sports Report pointed out that West Virginia and Wisconsin had joined New Jersey during its unsuccessful appeal to the Supreme Court of the United States, while Arizona, Louisiana, and Mississippi are first timers in the amicus filing.

eSports could become an Olympic sport if LA wins 2024 bid

eSports athletes could be battling it out for an Olympic gold medal as early as 2024 after the Chairman of the LA 2024 delegation announced plans to try and make it happen should LA be successful in their bid.

3.6 billion people soaked up at least a minute of the 2016 Summer Olympics in Rio (over half of the population). For a niche sport, this is an incredible opportunity to reach a global audience and eSports could be the next to take advantage of that window if the United States Olympic Committee have their way.

LA is one of three cities shortlisted to host the 2024 games. If selected, they would join London as the only city to host the Olympics on three occasions, and their delegation aims to take advantage of recent Olympic rule changes that allow the selection of new sports on a per event basis.

For the longest time, the only way a new sport could receive recognition as an Olympic event was for the International Federations of each sport to lobby the International Olympics Committee (IOC). In 2014, the rules changed allowing local organising committees to push sports within their country, and LA aims to do that with eSports.

Income Access Managing Director to Chair eGR Webinar on iGaming Acquisition & Retention

17th Nov. panel discussion chaired by Nicky Senyard will include executives from Pinnacle, Tropicana Entertainment, & Gaming Realms

Montreal, QC. November 2016 – Income Access, the iGaming-focused marketing technology company and part of Paysafe Group, has announced that Managing Director Nicky Senyard will chair a webinar panel discussion hosted by eGaming Review (eGR) at 3:00 p.m. GMT (10 a.m. EST or 7 a.m. PST) on Thursday 17th November 2016. The panel, which will include marketing executives from Pinnacle and Tropicana Entertainment as well as the founder of Gaming Realms, will discuss how iGaming operators can develop a player acquisition and revenue strategy to maximise 2017 revenue growth.

Hosted by leading iGaming media group eGR, the 17th November webinar will see Senyard, who founded Income Access in 2002, joined by three panellists. The panellists are: Harry Lang, Marketing Director at Pinnacle, an online sports-betting brand; Luisa Woods, Vice President of Online & Internet Marketing at Tropicana Entertainment, a US land-based casino group that also operates New Jersey-facing real-money online casino TropicanaCasino.com; and Simon Collins, founder of Gaming Realms, an iGaming company that develops, publishes and licenses next-generation mobile gaming content.

The first 45 minutes of the one-hour webinar will feature an in-depth discussion between Senyard and the panel. Citing player data and referencing their own marketing campaigns and brand experience, the panellists will discuss how player acquisition and retention have evolved over the last decade, before examining how acquisition and retention intersect and complement each other in the iGaming space. They will conclude by discussing specific marketing channels, including affiliates, and how they can be used to optimise acquisition and retention for brands in 2017.

Report: Imperial Pacific’s VIP success attracts US watchdog

Saipan casino operator Imperial Pacific’s runaway success in attracting VIP gamblers may have also attracted the interest of US financial watchdogs.

On Sunday, Bloomberg ran a feature report on the success of Imperial Pacific International Holdings’ temporary casino Best Sunshine Live. The property has posted some truly impressive VIP gambling figures in recent months, including back-to-back months of nearly $4b in VIP turnover.

However, Saipan is part of the Northern Mariana Islands (CNMI), a commonwealth of the United States, and Bloomberg’s sources claim that the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has “taken notice of the activity” at Best Sunshine.

Best Sunshine currently boasts only 16 VIP tables, but each of these tables generated daily revenue of $170k over the first half of 2016, dwarfing the returns of tables in some of Macau’s major integrated resorts. Further highlighting this discrepancy, Bloomberg quoted a local activist describing Best Sunshine as “a duty-free store with a fresh coat of paint and some chandeliers.”

Neptune junket delays annual report (again) on missing info

The Neptune Group, one of Macau’s leading casino junket operators, has further delayed the release of its 2015-16 annual report as it struggles to collect outstanding gambling debts.

On October 3, Neptune suspended trading in its shares on the Hong Kong Stock Exchange (HKSE) while alerting investors that it had failed to publish its report for the 12 months ending June 30 by the September 30 deadline because some of the info was unavailable.

On Friday, Neptune informed the HKSE that it hoped to publish its annual report by November 30. In the meantime, it is maintaining the suspension of trading in Neptune shares on the HKSE “until further notice.”

Neptune says it has identified outstanding receivables totaling HKD 471m (US $60.7m) the company is owed from junket promotion profit streams. The company says it arrived at this figure after booking an impairment loss of HKD 117.3m through the six months ending December 31, 2015.

Neptune junket delays annual report (again) on missing info

The Neptune Group, one of Macau’s leading casino junket operators, has further delayed the release of its 2015-16 annual report as it struggles to collect outstanding gambling debts.

On October 3, Neptune suspended trading in its shares on the Hong Kong Stock Exchange (HKSE) while alerting investors that it had failed to publish its report for the 12 months ending June 30 by the September 30 deadline because some of the info was unavailable.

On Friday, Neptune informed the HKSE that it hoped to publish its annual report by November 30. In the meantime, it is maintaining the suspension of trading in Neptune shares on the HKSE “until further notice.”

Neptune says it has identified outstanding receivables totaling HKD 471m (US $60.7m) the company is owed from junket promotion profit streams. The company says it arrived at this figure after booking an impairment loss of HKD 117.3m through the six months ending December 31, 2015.

Neptune junket delays annual report (again) on missing info

The Neptune Group, one of Macau’s leading casino junket operators, has further delayed the release of its 2015-16 annual report as it struggles to collect outstanding gambling debts.

On October 3, Neptune suspended trading in its shares on the Hong Kong Stock Exchange (HKSE) while alerting investors that it had failed to publish its report for the 12 months ending June 30 by the September 30 deadline because some of the info was unavailable.

On Friday, Neptune informed the HKSE that it hoped to publish its annual report by November 30. In the meantime, it is maintaining the suspension of trading in Neptune shares on the HKSE “until further notice.”

Neptune says it has identified outstanding receivables totaling HKD 471m (US $60.7m) the company is owed from junket promotion profit streams. The company says it arrived at this figure after booking an impairment loss of HKD 117.3m through the six months ending December 31, 2015.

William Hill’s online division not quite dead yet

UK bookmakers William Hill have revamped their board after announcing a rebound of sorts in their struggling online business.

Hills released an H2 trading update on Monday, which showed group revenue rising 6% in the 17 weeks ending October 25. For a change, online outpaced retail as digital wagering grew 4% thanks to a 6% bump in sportsbook handle, while retail revenue was flat as wagers fell 5% from the same period last year.

Online sportsbook revenue was up 11% year-on-year thanks in part to an improved win rate. The sports gains offset a 2% fall in gaming revenue, although that’s an improvement over H1’s 6% decline. Average revenue per user is up 16% while average wagering per sportsbook active customer gained 17%.

On a geographic basis, Hills’ core markets of the UK, Italy and Spain saw revenue rise 2%, while other markets improved 22% and Australia rose 27% on a local currency basis despite less than optimal racing results. The William Hill US division continues to shine, with handle up 10% and revenue rising 52% thanks to good baseball and football results.

New PhilWeb chair eyes PAGCOR license before 2016 ends

There’s only a bit of waiting left before embattled gaming technology provider PhilWeb can resume its operations, according to businessman Gregorio Araneta.

Araneta, who is the new chairman of PhilWeb, told Manila-based reporters over the weekend that securing a permit from state regulator Philippine Amusement and Gaming Corp. (PAGCOR) is “already in progress,” with the process expected to be completed before the end of 2016.

And once the license is in their hands, Araneta said PhilWeb will immediately open its e-Games outlets so that the company’s 5,000 employees and operators can go back to work.

“These operators, they’re losing money. About 5,000 people are expecting this. I told PAGCOR, I’m not the one who’s hurting. The business is there, the longer you keep us closed, the harder it would be for the operators, there will be lesser revenues,” Araneta said, according to The Manila Times.

New PhilWeb chair eyes PAGCOR license before 2016 ends

There’s only a bit of waiting left before embattled gaming technology provider PhilWeb can resume its operations, according to businessman Gregorio Araneta.

Araneta, who is the new chairman of PhilWeb, told Manila-based reporters over the weekend that securing a permit from state regulator Philippine Amusement and Gaming Corp. (PAGCOR) is “already in progress,” with the process expected to be completed before the end of 2016.

And once the license is in their hands, Araneta said PhilWeb will immediately open its e-Games outlets so that the company’s 5,000 employees and operators can go back to work.

“These operators, they’re losing money. About 5,000 people are expecting this. I told PAGCOR, I’m not the one who’s hurting. The business is there, the longer you keep us closed, the harder it would be for the operators, there will be lesser revenues,” Araneta said, according to The Manila Times.