Norbert Teufelberger, chief executive officer of bwin.party, said that despite having suffered a year-on-year drop in revenue during 2014, the online gaming operator was still able to make “solid” progress.
Interactive gaming software and services provider GTECH has take a step closer to acquiring International Game Technology (IGT) after confirming the successful pricing of a series of senior secured notes worth a total of approximately $5 billion (€4.4 billion).
Contagious Gaming, a developer of software solutions for the lottery and gaming sectors, has entered into a definitive share purchase agreement to acquire all the issued and outstanding securities of UK online bingo provider Chelbis Company.
Contagious Gaming, a developer of software solutions for the lottery and gaming sectors, has agreed a deal to acquire UK online bingo provider Chelbis for around CAD$4.05 million (€2.9 million/$3.5 million).
Betting operator Gala Coral has cited the impact of the 2014 Fifa World Cup national football team tournament and the reduction in bingo duty in the UK as the main reasons behind widespread growth during the 12 months through to September 27.
Online gaming operator bwin.party has reported that despite losses in its casino, poker and bingo divisions, the success of its sports betting arm helped it achieve year-on-year revenue growth during the three months to September 30, 2014.
Spanish and Latin American focused gambling operator Codere has cited struggling markets in Argentina and Mexico as the main reason behind a drop in revenue during the six months through to June 30, 2014.
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 products publisher Gaming Realms has conditionally agreed a deal to purchase specialist eGaming marketing company Blueburra Holdings, the operator of the Bingoport.co.uk affiliate website, for up to £10.5 million (€13.2 million/$17.5 million).
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.