Spanish gaming firm Codere has announced a net loss of €74.7 million ($98.5 million) for the six months through to the end of June, in comparison with a loss of €42 million in the corresponding period of 2012.
Online poker’s slide in European markets continued as Denmark Gambling Authority (SKAT) published second quarter 2013 figures showing a DK5m drop in gross gaming revenues, to DK50m from DK55m in the first quarter of the year.
Server and network-based gaming company Amaya Gaming has posted a huge 154% year-on-year increase in revenue in the three-month period through to June 30 as a result of its acquisitions of online poker network Ongame and electronic machine and technology supplier Cadillac Jack.
Scandinavian online gambling operator Nordic Leisure will focus on expanding operations in Eastern Europe after reporting a 7% year-on-year drop in second-quarter revenue from SEK24.5 million (€2.8 million/$3.7 million) to SEK22.8 million.
Digital advertising network and online gaming group Media Corporation has confirmed it is to scrap its Intabet online gaming platform following an internal review of the company’s operations and prospects.
Financial analyst Davy Stockbrokers has rated shares in Irish bookmaker Paddy Power as “overvalued” due to the “competitive and tax-related headwinds” that the group is likely to face in the medium-term.
William Hill will stop taking bets from China “for regulatory reasons”, the bookmaker informed its affiliates this week. The operator added that it would also no longer be taking bets from online gamblers based in Macau, Hong Kong and Taiwan.
Online gambling and betting provider mybet Holding has posted a three-per-cent increase in revenue to €34.9 million ($45.4 million) for the first half of the year – due in part to the strong performance of its Sports Betting and Casino & Poker segments.