Norbert Teufelberger, chief executive officer of bwin.party, said the online gaming operator must undergo ‘major change’ if it is to improve on its ‘mixed’ performance during the six months to June 30, 2014.
Online gaming operator bwin.party has reported a ‘mixed’ revenue performance during the three months through to June 30, 2014, with a good showing from its sports business helping to offset softer performances by its poker and casino services.
The regulatory framework for Dutch igaming is becoming clearer, although the first licences are unlikely to be issued before 2016. But as Younes Moussaoui and Justin Franssen of Kalff Katz & Franssen write, a tax rate of 20% gross gaming revenues or lower will depend on how much of the illegal market is driven out once regulation comes in.
Spanish regulator Dirección General de Ordenación del Juego (DGOJ) has cited the popularity of sports betting in the country as the main reason behind a year-on-year jump in online gaming revenue during the first quarter of 2014.
British gambling operator Rank Group has reported an “improvement” in business during the 19 weeks to May 11, 2014, following a disappointing performance in the first half of the current financial year.
Online gaming software giant Playtech has cited the performance of its live casino and sports betting products as the main reason behind a year-on-year jump in revenue during the three months to March 31, 2014.
Social casino company Akamon Entertainment has completed what its describes as a ‘product organisation’ by appointing Alex Cohan as its new chief product officer and acquiring a stake in an Israel studio.