Financial

- August 31, 2016 By Oliver Young -

One of the biggest gaming operators in Europe, OPAP, confirmed this Tuesday that they continued to suffer profit losses in 2016 when they posted their quarterly financial report. As was reported, the company saw a 36.4% drop in net profits during their second quarter. The net profit of OPAP thus far amounted to €33 million, […] Continue Reading

- August 29, 2016 By Oliver Young -

One of the largest casino entertainment groups in Australia, the Star Entertainment Group, reported an increase in 15% of their annual profits – a change they stated was due to an increase in high-rollers from Asia. The reported net profits of the entertainment group rose by 14.9% to June 30, and amounted to A$ 194.4 […] Continue Reading

- August 22, 2016 By Oliver Young -

Hong Kong Billionaire Tony Fung has abandoned his six-year plan of building the Aquis casino resort in the vicinity of Cairns, a famous holiday destination located in Australia’s Great Barrier Reef. The resort was to include a casino, eight hotels, and its own dedicated island, with a final price-tag of $8.15 billion. Fung’s Australian company, Aquis […] Continue Reading

- August 15, 2016 By Oliver Young -

The Trump Taj Mahal has been in the news quite a few times in the past few years. The casino which had kept the name of the current Republican Presidential candidate Trump on its façade, finally closed. The closure of Trump Taj Mahal, wasn’t a big surprise as the employees went on strike on multiple […] Continue Reading

- August 10, 2016 By Oliver Young -

Last month we reported that Rank Group and 888 Holdings were planning a joint bid for William Hill. We also stated that William Hill are probably not going to accept the bid, if there is was. Now, it has been announced that there was a submission of a formal bid, and as it was suspected, […] Continue Reading

- August 1, 2016 By Samantha A. -

The largest hospitality and gaming firm located in India, known as the Delta Corp Limited has just released their results for the 1st quarter of the year 2016.  This report showed a 34.6 percent increase from the same time last year in revenues to 162.3 million dollars. Mumbai listed the Delta Corporation Limited operates the […] Continue Reading

- July 18, 2016 By Oliver Young -

Statistics show that companies which offer casino gaming, sports betting, bingo and poker in the UK have spent about half a billion pounds sterling on television advertising since 2012. This seems like a lot of money, but figures show that the amount of money wagered by players on annual basis has increased significantly, so it […] Continue Reading

- July 14, 2016 By Nemanja L. -

The New Jersey online gambling market has seen some strong results in the first summer month, as the trend of increased revenue during the summer continued. Not even the poor performance of online poker rooms could hurt the overall profit margin as the New Jersey Division of Gaming Enforcement (DGE) published their report on Wednesday. […] Continue Reading

- July 4, 2016 By Oliver Young -

The UK Gambling Commission has published the gambling data statistics for the period October 2014 – September 2015. The statistics show that the annual revenues of online casinos in the UK kept growing in the past 5 years, ever since April 2011. The annual increase this year was £1.4bn, as the total players’ losses rose […] Continue Reading

- June 30, 2016 By Nemanja L. -

The world’s most famous cryptocurrency is about to receive a major boost as the latest reports claim that Chinese government is about to introduce a legal framework that will regulate digital currencies such as Bitcoin. The new draft is a part of the China’s General Principles Civil Law and it will recognise cryptocurrencies as legal […] Continue Reading