Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Zynga has reached a settlement worth approximately $23 million (€21 million) to end litigation accusing the social gaming company of defrauding shareholders about its business products before and after an initial public offering (IPO) in December 2011.
High 5 Games (H5G), a developer of land-based, online, social and mobile games, is reportedly suing International Game Technology (IGT) over a number of alleged violations regarding a licensing agreement between the two companies.
Online gambling trade organisation the Remote Gambling Association (RGA) has said while it welcomes the Portuguese government’s decision to regulate the country’s online gambling market, it is concerned that ‘unworkable’ tax rates could render the market unviable for internet sports betting operators.
The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.
Igaming generated a global gross win of €26.7bn in 2012, an increase of 7,2% on 2011 and is set to record a global gross win of €26.7bn in 2013, industry figures published by IGB data partner H2 Gambling Capital reveal.