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PartyGaming sees clean EBITDA margins in H1 substantially higher than 2007
PartyGaming Plc. said it expects first-half clean EBITDA margins to be substantially higher than last year and that it remains confident of its full year prospects.
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PartyGaming hit by poker
The poker boom is starting to wane at PartyGaming, though the online gambling group is managing to largely replace lost poker revenues with increased income from casino and bingo games.
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Partygaming second quarter weakens
Online gaming company PartyGaming (PRTY.L) reported a slightly weaker than expected financial performance in the second quarter, sending its shares lower on Tuesday, but said it was confident about prospects for 2008.
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Online betting: Hi-tech bookies arrested
When Devang Kansara, a resident of Kankaria, rented a flat in Spring Valley Apartments near Doctor House, the owner did not have the slightest idea that this youth from Visnagar was upto something big.
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Online bookie Bet365 posts £1.8 billion turnover
The England football team's faltering form has not stopped gambling giant bet365 from posting one of the biggest turnovers ever seen in Stoke-on-Trent.
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bet365.com Launches New Online Bingo Room
Fans of all online gaming can enjoy a multitude of games at Bingo at bet365, powered by Virtue Fusion, the world's biggest online bingo software provider.
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Low gross margin in the second quarter
Betting Promotion, which is listed on NGM (NGM:BETT) showed for the second quarter of 2008 a gross margin of 0.26% (0.48).
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Israel Sports Betting Board wins court case on the use of English league games fixtures
The Israel Sports Betting Board wins an important and fundamental court case. Tel Aviv District Court Judge, Zippora Baron, dismissed the claims of 5 English companies to recognize their sole rights as owners of the various English Leagues Fixtures, which they prepare each season, and grant them a judgment that declares that the Israel Sports Betting Board made use of the fixtures in infringement of their sole rights.
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Malta Lotteries And Gaming Authority: the non-regulating regulator
The Malta Lotteries And Gaming Authority is the governmental body whose job it is to oversee and regulate all gambling operations located in Malta. The 2004 Remote Gaming Regulations represents the governing legislation, and it includes the following encouraging clause: The Authority may order the suspension or cancellation of a license if…the license holder has failed to meet commitments to players.
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Gaming companies' growth expectations cut at Goldman Sachs
Goldman Sachs has reduced its growth expectations for gaming companies, although it does not anticipate significant nominal revenue declines, and retained its 'buy' rating on William Hill Plc. and 'neutral' stances on both Rank Group Plc. and Ladbrokes Plc., market sources said.
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Rank Group says Guoco lifts stake to 17.08 percent
Rank Group Plc. said Asia-based Guoco Group Ltd. has increased its stake in the company to 66.68 million shares, representing 17.08 percent of total voting rights.
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Top bookie accuses Racing Victoria of wasting money
Racing Victoria Limited was continuing to waste money, despite mass retrenchments last month, according to leading bookmaker Michael Eskander.
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Charles Sale: Desmond defence is still on the tee
Irish racing tycoon Dermot Desmond has still to file his court defence against the legal action taken by bookmakers Sporting Index over his alleged gambling debts of £750,000.
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Spain rain on bookies parade
Spain's win in the final of the European Championship last weekend was the predicted bloodbath for bookmakers. The industry paid out an estimated £5m thanks to Luis Aragonés' team's 1-0 victory over Germany.
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Neteller expects H1 to be in line
Online payments specialist NETeller said it has continued its good start to 2008 and expects to report first half results in line with expectations.
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NETeller sees H1 results in line with market expectations, confident on H2
NETeller Plc. said it has continued its good start to 2008 and expects its first-half results to be in line with market expectations.
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CryptoLogic's New Internet Poker Features Deliver At-Home, Customizable Experience to Players
CryptoLogic Limited., a leading software developer to the global Internet gaming market, today introduced two unique features to its Internet poker software line-up: the ability for players to host their own tournaments, and a new advanced sorting and filtering tool that allows players to customize their own settings for cash games and tournaments. Starting today, the new features will enhance the gaming experience of poker players all over the world.
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AsianLogic says Q2 average daily casino turnover up 34 pct on Q1
AsianLogic Ltd. said its second-quarter average daily casino turnover rose 34 percent on-quarter and that it remains very positive about full-year figures.
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Levine’s online poker proposal is closely monitored by gaming tribes
A seemingly innocuous bill that would implore the Department of Justice to begin investigating the future of online poker has quietly been one of the most closely watched bills among tribal gaming interests this year.
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Betting agencies express pity for punters over Origin officials
TAB Sportsbet was on cloud nine, holding a record $4.46 million on the third State of Origin match on Wednesday night, but pity the poor old punter.
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