Japan’s Universal Entertainment Corporation has reported 24.9% year-on-year rise in sales for the first half of the year, with a significant rise in pachinko and pachislot machine sales offsetting a decline from its Philiippines integrated resort.
Scientific Games' losses increased in Q2 as revenue fell 37.2% to $539m (£423m/€465m), but the business said its results were "better than expected" given the outbreak of the novel coronavirus (Covid-19).
Andrew Wilkie, the Independent Australian Member of Parliament for Clark, Tasmania, has launched a push to have social casino games outlawed across Australia, in an effort to reduce gambling-related harm in the nation.
Online casino games provider Red Rake Gaming has sealed its first social casino supply deal in the US, agreeing to provide free-to-play content to the Wind Creek Hospitality (WCH) authority of the Poarch Band of Creek Indians.
While casinos may not yet exist in Japan, what does the gaming market look like now? Natalie Meyer, founder and chief executive of cultural insight agency Tokyoesque, provides a breakdown on the current size and perception of the country's gambling industry.
London-listed online bingo and casino operator JPJ Group has credited efforts to diversify its geographic footprint with helping the business report record revenue and earnings in 2018. Revenue for the year ended December 31, 2018 was up 10% year-on-year at £319.6m (€373.5m/$424.0m), the highest full-year figure since the business was formed in 2014.
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.
Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.
Igaming platform and software provider GAN has said that it expects revenue for 2018 to come in ahead of market expectations after the business was boosted by a strong performance in the second half of the year.
Erik Gullstrand is at the forefront of a changing of the guard for Quickspin, with two of its founders departing the business. The Playtech-owned slot studio’s new product chief discusses the current state of slots and how social can help future-proof suppliers’ operations.