Online lottery brokerage Zeal Network has warned that full-year revenue and earnings are likely to fall significantly from the prior year, following its acquisition of Lotto24 and the pivot of its Tipp24 business from lottery betting to brokerage.
A cultural shift in the industry has seen operators look to ramp up their responsible gaming controls, with many bringing in external help to do so, writes Daniel O’Boyle. But can external consultants really play a role in changing company culture?
Gambling on lotteries has long been viewed differently to other forms of gambling. But as the lines between the different types of operators, games and verticals become increasingly blurred, is it time for a rethink? Joanne Christie reports
International Game Technology (IGT) has reached a settlement with video slot manufacturer GC2 Incorporated over a dispute related to copyright infringement and intellectual property licensing rights on certain gaming content. The supplier has also struck a deal to update the Oregon Lottery's central computer system with its INTELLIGEN software.
Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.
Zeal Networks has reported marginal revenue growth for the first half of 2019, with a positive contribution from the recently acquired Lotto24 business offsetting a decline caused by the closing of its Lotto Network and Venture24 brokerage businesses.
French gaming operator La Française des Jeux (FDJ) has reported a 5.5% year-on-year increase in revenue for the first half of the year, with chief executive Stéphane Pallez crediting the FDJ 2020 digital transformation strategy as driving growth.
iGaming solutions giant Playtech has expanded its relationship with the Ontario Lottery and Gaming Corporation to provide the organisation with its BetBuddy gambling data analytics technology for use on its igaming platform.
Swedish state-owned gaming business Svenska Spel has seen profits hit by increased regulatory costs in the first half of the year, though the operator noted that customer growth and revenue had recovered during the second quarter.
While Ireland proved a positive test case for the lottery betting sector’s collective approach to lobbying, its highest profile exponent has found the going far from easy in other territories following product bans in the UK and Australia. But this is no reason for Lottoland to deviate from its core markets strategy, chief executive Nigel Birrell tells Joanne Christie.
In the second part of iGaming Business' rundown of the year to date's most popular news stories, we see that viewers were particularly interested in US developments, while regulatory progress in Germany also attracted a lot of hits.
Swedish gambling regulator Spelinspektionen has issued United Lottery Solutions with an official warning and financial penalty of SEK700,000 (£52,423/€65,492/$73,304) after ruling the Lottoland operator breached national laws on lottery betting.
Victor Espinosa believes that his company’s self-service terminal, originally conceived as a lottery ticket vending machine, could become a widely used solution in markets with a low level of internet penetration. Here he explains how Loto Punto was established, and the obstacles it faces in its native Colombian market.