William Hill cites online and US success as growth continues

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance William Hill cites online and US success as growth continues 8th May 2018 | By contenteditor William Hill has said ongoing growth within its online and US divisions helped to drive an increase in key financials during the 17 weeks to April 24 Topics: Finance Sports betting Tags: Mobile Online Gambling OTB and Betting Shops Regions: Oceania UK & Ireland US Australia Subscribe to the iGaming newsletter William Hill has said ongoing growth within its online and US divisions helped to drive an increase in key financials during the 17 weeks to April 24. Group revenue, excluding discontinued operations during the period, was up 3% on a year-on-year basis, with strong performances by Hill’s online and US businesses slightly offset by a decline in UK retail revenue. Total net online revenue for the period was up 12% year-on-year, despite an 8% drop in amounts wagered via sportsbook, while US revenue hiked 45%, with a 17% increase in sportsbook wagers. Retail revenue fell 4% year-on-year, with sportsbook wagers down by 13%. Hill noted that its discontinued Australian operation, which it sold to CrownBet Holdings last month, saw revenue drop 22% in the period.With the Australian business included, group revenue was only up by 1%. Philip Bowcock, chief executive of William Hill, said: “William Hill has had a positive start to 2018, making further progress against our strategic priorities to grow UK market share, drive international revenues and deliver key transformation projects. “Continued momentum in online and strong growth in the US have driven a good performance during the period. “In the UK, an unprecedented run of bookmaker-friendly sporting results led to unusual wagering and gaming trends, which we expect to normalise over time. “The sale of our Australia business has further strengthened our balance sheet. “While we await the outcome of the UK Triennial Review and the Supreme Court’s decision on US sports betting legislation, we remain focused on continuing to deliver a great customer experience, particularly ahead of this summer’s World Cup.”Related article: William Hill completes sale of Australian business Email Addresslast_img read more

Kansas to consider integrity fee in new sports betting bill

first_img Subscribe to the iGaming newsletter Sports betting Kansas lawmakers are to consider a new bill that would legalise sports betting in the state and also require an integrity fee to be paid to the operators of the leagues.Senate Bill No.23, also known as the Kansas Wagering Act, sets out plans for the Kansas Lottery to offer sports betting in-person, via the internet and on mobile.If passed, the bill would limit in-person sports betting to facilities operated by the Kansas Lottery, approved retailers and other gaming facilities and racetracks that have agreements in place with the lottery.Under the proposals, the lottery would be able to set up dedicated websites and mobile apps for sports betting, as well as an interactive sports wagering platform.The bill also sets out a provision for licensed sports betting operators to pay a ‘sports betting right’ and ‘integrity fee’ to each sports governing body with the authority over a sports event on which bets are placed. This would be payable at the end of each quarter, on July 1, October 1, January 1 and April 1.Operators would pay an amount equal to 0.25% of the aggregate total wagered on sports events. However, the bill also sets out that this amount should not exceed 5% of the aggregate gross revenue on wagers in each quarter.If the bill passes, Kansas would become the first state to commit to a scheme whereby operators would have to pay an integrity fee. Sports leagues have been pushing for such a measure to be included as part of new laws across the US, but states that have already legalised sports betting have opted against such a move.Washington D.C. initially included reference to a ‘royalty fee’ in a bill, but later removed this language before progressing the bill. The state is yet to pass this bill into law.The other language in the Kansas bill is similar to legislation that has already been passed in other states, such as a requirement for players to be located inside the state to place a sports bet.Consumers would also need to be aged 21 or over in order to bet on sports, while all sports professionals – including athletes, coaches, referees and team owners – would be prohibited from betting in the state.In addition, the bill sets out plans to set up a toll-free telephone number to help consumers access help and advice for gambling problems.Sports betting has been on the agenda for some time now in Kansas and, before Christmas, lawmakers met for two days of hearings on the subject. At the time, Representative Jan Kessinger told iGamingBusiness.com that a number of bills could be filed within weeks of the meetings.Senate Bill No.23 is some way off coming into law, with the bill now set to face the committee, full legislature and, if it should progress to that stage, the governor.Image: Stuart Seeger 22nd January 2019 | By contenteditor Tags: Mobile Online Gambling Kansas to consider integrity fee in new sports betting bill Regions: US Kansas Email Address Topics: Sports betting Kansas could commit to paying an integrity fee to sports leagues under a new bill that has been put forward in an effort to legalise sports betting in the US state. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Dutch Senate passes Remote Gaming Act

first_img The upper house of the Netherlands legislature, the Senate, has finally passed the Remote Gaming Act, paving the way for the roll-out of igaming regulation in the country – though operators active in the market without a licence face a two-year ‘cooling-off’ period before they can apply for a licence. Dutch Senate passes Remote Gaming Act Tags: Online Gambling Subscribe to the iGaming newsletter Legal & compliance The upper house of the Netherlands legislature, the Senate, has finally passed the Remote Gaming Act, paving the way for the roll-out of igaming regulation in the country.The legislation, which was first introduced in the House of Representatives in 2014, can now be passed into law through a Royal Decree.It is expected that licences will be issued from mid-2020, with operators required to develop comprehensive responsible gaming strategies to offer a high level of player protection. Operators will be taxed at 29.1% of gross revenue.The Gaming Act was supported by Senators from the People’s Party for Freedom and Democracy, Democrats 66, Party for Freedom, Labour Party and GroenLinks.The Christian Democratic Appeal, ChristenUnie, Socialist Party, animal rights-focused Party for the Animals, pensioners’ interest 50PLUS and Reformed Political Party all voted against the bill.Six motions, submitted during two days of debate led by Minister for Legal Protection Sander Dekker on February 5 and 12, were also put to a Senate vote earlier today (February 19).The first, proposed by Socialist Party Senator Arda Gerkens, proposed only allowing companies with no activity in the Netherlands in the past five years to apply for licences, though this failed to garner significant support. However, Labour Party Senator André Postema’s proposal to establish a two-year ‘cooling-off period’ for any company that had targeted Dutch customers was adopted.Another motion, asking the government to consider a ban on online gaming advertising was passed, with a more stringent motion calling for an outright ban for igaming operators rejected.Two more motions were also accepted. The first from ChristenUnie Senator Mirjam Bikker mandates the government perform an evaluation of measures designed to protect minors from the negative effects of gambling. The second, introduced by Postema, will see the government required to inform the Dutch legislature of its criteria for having internet service providers block access to websites.The Senate’s approval brings to an end a long period of uncertainty in the Dutch market. The Remote Gaming Act was passed by the House of Representatives in 2016, but spent more than two years in limbo after stalling in the Senate.During this time Dutch gaming regulator the Kansspelautoriteit (KSA) looked to step up efforts to crack down on unlicensed activity in the market. However, a survey commissioned by land-based operator Holland Casino in January revealed that the number of citizens gambling via illegal sites had risen to around 1.8m.Dekker, who played a major role in shepherding the legislation into law after it stalled in 2016, said he was happy to have pushed through a framework that would ensure a high level of consumer protection.“We see that society is digitizing, and more than half a million Dutch people are participating unprotected in online gambling currently,” he said. “This involves big risks such as gambling addiction and fraud. “I am happy that we can now offer players a secure system in which games of chance can be played online in a responsible manner.”The bill’s passage was welcomed by the European Gaming and Betting Association (EGBA), which also congratulated Dekker for his efforts to regulate the Dutch market.“Online gambling is popular in the Netherlands and the current situation is neither justifiable nor tenable – because 1.8 million Dutch people are gambling online without regulatory protection under Dutch law,” EGBA secretary general Maarten Haijer said. “Our message is simple: it is in the interests of everyone to have a well-regulated market which protects players.”However Haijer warned that the Netherlands would need to ensure that it strikes balance between ensuring a high level of consumer protection and offering a commercially-viable tax regime if the regulated market is to succeed.“We now look forward to working with the Dutch Gambling Commission, De Kansspelautoriteit, to ensure an effective implementation of the new rules in a timely and consumer-friendly way,” Haijer added. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Regions: Europe Western Europe Netherlands 19th February 2019 | By contenteditor Topics: Legal & compliancelast_img read more

Sports betting continues to boost French igaming in Q1

first_img Sports betting continues to boost French igaming in Q1 France’s online gambling market experienced a year-on-year growth in the first quarter, primarily due to a 52% increase in revenue within the sports betting sector. Email Address Tags: Card Rooms and Poker Online Gambling Race Track and Racino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting Poker Horse racing Subscribe to the iGaming newsletter Casino & games France’s online gambling market experienced year-on-year growth in the first quarter, primarily due to a 52% increase in revenue within the sports betting sector.Overall revenue for the three months to March 31, 2019, amounted to €357m (£309.8m/$400.0m), up from €281m in the corresponding period last year, according to figures from national igaming regulator L’Autorité de régulation des jeux en ligne (ARJEL).Sports betting was the main source of income for licensed operators in France, with revenue coming in at €222m, compared to €147m in Q1 of 2018. This is the highest quarterly amount since the launch of the regulated French market.Punters also spent more on sports betting, with wagers rising 51% from €847m to €1.28bn, representing another quarterly record for the country.ARJEL cited football as the most popular sport to bet on in France, with punters wagering a total of €716.8m, up 54% on €464.9m last year. Ligue 1, the top tier in France, attracted the most bets (€81.0m), followed by the English Premier League on €73.3m and Europe-wide the Champions League with €68.0m.Tennis wagering was also up 53% year-on-year to €250.0m, boosted by a 138% rise in bets on the Australian Open, while basketball betting climbed by 42% to €177.1m.Horse racing revenue, which ARJEL reports separately to sports betting, came in at €67m in the quarter, up 3% on €65m last year.A busier racing calendar of 605 meetings against 556 last year meant punters were able to bet on more races, with total wagers up 1% to €273m. However, ARJEL warned that the growth in stakes slowed significantly compared to last year.Elsewhere, online poker revenue was down 1% from €69m in 2018 to €68m, the first quarterly decline in two years. ARJEL said this was a result of a slowdown in tournament activity and decline in stakes on the cash game tables.The total wagered on cash games in the first quarter amounted to €1.07bn, down 3% on €1.106bn last year, but tournament fees were up 1% to €599m and the overall number of players taking part in poker games climbed from 268,000 to 273,000.The first-quarter results read similar to the ARJEL report for 2018, during which online gaming revenue increased 25% year-on-year to €1.2bn, primarily due to growth within the sports betting sector.Image: valcker Regions: Europe Western Europe France 15th May 2019 | By contenteditorlast_img read more

Governor signs North Carolina sports betting bill into law

first_img Email Address Topics: Casino & games Sports betting Tribal gaming 29th July 2019 | By Daniel O’Boyle North Carolina governor Roy Cooper has signed a bill allowing sports and horse racing wagering at two tribal casinos into law.The bill — Senate Bill 154 of the 2019 legislative session — was introduced by Republican state senator Jim Davis.According to the text of the bill, it will allow for, “the placing of wagers on the outcome of professional and collegiate sports contests” on “Indian lands within the State lawfully permitted to conduct Class III gaming activities.”A wager must be initiated and received on the grounds of an eligible casino, meaning no off-premises mobile wagering will be permitted.Read more on iGB North America North Carolina governor Roy Cooper has signed a bill allowing sports and horse racing wagering at two tribal casinos into law. Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Governor signs North Carolina sports betting bill into lawlast_img read more

B2B revenue drives Aspire H1 growth

first_img Email Address Casino & games Subscribe to the iGaming newsletter iGaming solutions provider Aspire Global’s B2B revenue increased 76.5% in the first half of 2019, pushing group revenue for the period to €66m (£60.5m/$73.1m).The company saw an increase in B2B deposits, from €40.7m to €74m, and in total number of B2B transactions, to 1.27bn, up from 715.8m last year. These figures helped B2B revenues increase to €43m, up from €25.2m last year.“I am very proud of the strong progress for our B2B-business, currently constituting around 60% of total revenue and almost 70% of EBITDA,” chief executive Tsachi Maimon said. “This is the result of our consistent strategy to focus our efforts on the right partnerships, all while improving our offering and optimizing the business set-up. It is certainly gratifying to see the results of our hard work being reflected in many of our KPIs.”B2C revenue also increased, from €21m to €27m, helped by a 15.3% increase in deposits from first-time depositors to €75.3m. The number of active users increased to 119.5m, up from 98.5m last year.The Nordic region contributed €13.4m of the company’s revenue from the period, a decline from €14.1m last year. Revenue from the UK and Ireland increased 9% to €9.7m, but the vast majority of the company’s growth came from the rest of Europe, where revenue increased from €19m to €41m. Revenue from the rest of the world increased from €1.1m to €1.9m.The company paid €42.8m in distribution expenses, up 69.2% from last year. Gaming duties increased from €2.1 to €2.4m, while administrative expenses increased from €6.4m to €7m, bringing total expenses to €52.1m, up 54.4% year-on-year.Earnings before interest, tax, depreciation and amortization increased 43.3% to €12.1m. Financial expenses increased by 107% to €2.1m, leading to a net profit of €9.1m, up 21.3% from last year.In the second quarter of 2019, B2B revenue increased 51.4% to €21.5m, resulting in group revenue increasing €31.8m, up from €24.2m in the prior year.However the contribution from the Nordic region fell from €7m in Q2 2018 to €6m, which Aspire blamed on tough regulatory conditions in the Swedish market. Revenue from the UK and Ireland also fell, from €6.1m to €5m. This was offset by strong growth across the rest of Europe, where revenue increased by 90.8% to €20.8m, with the rest of the world contributing a further €1.0m.Distribution expenses for the company increased from €13.8m to €21.3m, while gaming duties totalled €1.2m and administrative expenses declined 8.5% to €3.2m. However, while earnings before interest, tax, depreciation and amortization increased, increased financial expenses and losses from foreign currency exchange differences meant that net income declined for the quarter from €5.3m to €4.2m.Maimon said that going forward, the company would continue the emphasis on B2B and new markets that led to increased revenue in 2019, and that he believed new partnerships would help the company continue to grow.“We will continue to focus on B2B, entering additional new markets and extending the offering for some of our main brands to include more than one vertical,” Maimon said. “We are also excited about the upcoming launches together with our recent partners, one of which is Apex Marketing and the other is Codere Group who will be expanding their online offering to Northern Europe over our platform.”This will be supported by the €13.1m acquisition of games developer Pariplay, agreed in July. The deal, Aspire said, would allow it to cut costs, broaden its game portfolio and provide a channel to sell games, including proprietary titles, outside of its partner network. The supplier is also licensed in New Jersey, which Aspire said would allow it to expand into the US market. B2B revenue drives Aspire H1 growth The company paid €42.8m in distribution expenses, up 69.2% from last year. Gaming duties increased from €2.1 to €2.4m, while administrative expenses increased from €6.4m to €7m, bringing total expenses to €52.1m, up 54.4% year-on-year.center_img Topics: Casino & games Tech & innovation 20th August 2019 | By Daniel O’Boyle Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

888 expands content offering with Greentube

first_img Online gambling operator 888 has expanded its range of gaming services by launching a selection of content from the Greentube division of Novomatic.Under the arrangement, online adaptions of several land-based Greentube games will now be rolled out across 888’s casino and bingo products, with plans also in place to launch this content on the operator’s multivendor platform.Greentube games covered by the deal include Book of Ra deluxe, Lucky Lady´s Charm deluxe, Sizzling Hot deluxe and Reel King. Content will first go live in the UK before being added to 888’s platforms in international markets.“Greentube not only offers an impressive interactive offering, but also expertise of the UK market which made this partnership seamless throughout the integration process,” 888’s senior vice president of B2C, Guy Cohen, said.“We look forward to launching Greentube’s portfolio across our international platforms where we are confident its engaging and innovative titles will continue to deliver great results.”Michael Bauer, chief financial officer and chief gaming officer at Greentube, added: “Adding 888 to our network of operators underscores the strong performance of our games in the UK ⁠— a market where our expertise, bolstered by Novomatic’s reputation in the land-based arena, separates us from the crowd.“888’s presence on the global stage will also serve as a strategic advantage as we continue to grow our footprint in new territories and expand our distribution network with industry leaders.”Earlier this month, 888 reported a significant year-on-year drop in profit before tax the first half, primarily due to higher spending, although the operator was able to post an increase in revenue for the period.Group revenue for the six months through to June 30, 2019 came in at $277.3m (£225.2m/€254.2m), up 2% from $273.2m, but profit before tax slipped from $60.1m to $22.2m. Online gambling operator 888 has expanded its range of gaming services by launching a selection of content from the Greentube division of Novomatic. Subscribe to the iGaming newsletter 30th September 2019 | By contenteditor Email Address 888 expands content offering with Greentubecenter_img Topics: Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tech & innovation Tags: Online Gamblinglast_img read more

Webinar: Does the business model around loyalty and VIPs need to be re-evaluated?

first_img Quantifying revenue from VIPs and how many are problem gamblers What are the outward implications of this figure on your business culture? Customers migrating to other platforms (even illegal ones) instead of seeking help: what’s to blame and what can be done? How should at-risk VIP customers be approached to steer them towards help and away from other sites? Do you need to interact with VIPs problem gamblers differently from those of average income? Does the business model around loyalty need to be re-evaluated? How must customer engagement and service evolveTowards collaboration: How can the industry work together to bring down reliance on VIP customers overall and bring about a model which equalizes their approach and attention to different demographics? Webinar: Does the business model around loyalty and VIPs need to be re-evaluated? The fourth episode of our Responsible Gambling webinar series discussing loyalty and VIP programs took place on Wednesday 13th November 2019. Subscribe to the iGaming newsletter 4th October 2019 | By Topics: Uncategorizedcenter_img Uncategorized In this webinar, our expert speakers will discuss:  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

APPG chair calls for Gambling Commission reform

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Sports betting APPG chair calls for Gambling Commission reform 9th January 2020 | By contenteditor Carolyn Harris MP, chair of the UK’s All-Party Parliamentary Group (APPG) for Gambling Related Harm, has renewed calls for the reform of the GB Gambling Commission and the 2005 Gambling Act in order to better help protect vulnerable people.Speaking in parliament today (9 January), Harris put forward an urgent question over an ongoing dispute related to the English Football Association (FA) selling media rights for betting purposes.Bet365 streamed 23 games in the third round of the FA Cup last weekend, with customers only able to view the games if they placed a bet or deposited funds. This was possible via a deal between the FA and the IMG agency which, signed in 2017, permits IMG to sell rights for footage or clips of matches to bookmakers.However, the FA has drawn criticism over this arrangement, with some flagging that the FA in June 2017 announced it was to distance itself from commercial partnerships with the gambling industry. The FA said it will review its processes over future deals.Harris criticised the streaming deal and urged the government to take stronger action against the FA’s approach.“Everything about the deal is shameful, everything about it needs to be dealt with and everything about the Gambling Act 2005 needs reform,” Harris said. “The Gambling Commission certainly needs reform. “I thank the Prime Minister for his comments, but I urge the government to do more to protect vulnerable people.”In response, Sports Minister Nigel Adams said while it is right that sporting organisations should be able to benefit commercially from their products and negotiate their own broadcast deals, they have a “responsibility to ensure fans are protected from problem gambling”.Adams said: “I have spoken at some length to the FA since this broke. The arrangement has been in place for some time; the 2017 contract was a rollover of a deal. The government have asked the FA to look at all avenues to review this element of its broadcasting agreement.“This element of the broadcast arrangement is for matches that are not chosen for the FA Cup online broadcast or do not kick off at 3 pm on a Saturday, and it does open up the opportunity for plenty of other games to be watched, but we have asked the FA in no uncertain terms to look at the deal and to see what opportunities there are to rescind this particular element. I will be meeting face to face with the FA next week.”Tracey Crouch, who resigned from her previous Ministerial role in November 2018 over a proposed delay to regulations surrounding fixed-odds betting terminals, also called for the government to be stronger in its approach to the matter.Crouch said: “I encourage the Minister not to listen too closely to the FA’s defence on the issue and claims that any renegotiation of the deal will have an impact on grassroots sport. That is something that the FA has regularly claimed in the past, but it is important that it reviews the deal now, to protect people involved in football.”Harris’ call for the gambling commission and gambling regulatory reform, was first put forward as part of the APPG’s interim report on the UK online gambling sector in November last year. This saw the group demand a £2 stake limit for online casino games, to bring it in line with the FOBT stake cut.Meanwhile, the Betting and Gaming Council, the trade association for the UK gambling industry, has issued a statement on the matter, saying its members did not seek exclusivity for the rights to screen FA Cup games.BGC chair Brigid Simmonds said member operators bet365, GVC, Flutter, William Hill and Kindred are happy for IMG to offer the rights to other parties so that the games can be viewed for free elsewhere.Simmonds said: “Our members are happy for IMG to offer the rights to screen these games to the Football Association or another appropriate body so that the games can be viewed for free by the public with immediate effect.” Legal & compliancecenter_img Subscribe to the iGaming newsletter Regions: UK & Ireland Carolyn Harris MP, chair of the UK’s All-Party Parliamentary Group (APPG) for Gambling Related Harm, has renewed calls for the reform of the GB Gambling Commission and the 2005 Gambling Act in order to better help protect vulnerable people. Email Addresslast_img read more

HeadsUp signs LoI to purchase 50% VIP Entertainment stake

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Canadian igaming business HeadsUp Entertainment International has signed a letter of intent (LOI) to acquire a 50% stake in online gambling operator VIP Entertainment Group. Subscribe to the iGaming newsletter Strategy Tags: Online Gambling HeadsUp signs LoI to purchase 50% VIP Entertainment stakecenter_img Canadian igaming business HeadsUp Entertainment International has signed a letter of intent (LOI) to acquire a 50% stake in online gambling operator VIP Entertainment Group.Financial terms of the agreement were not disclosed, but HeadsUp said the LOI sets out a three-step due diligence process that should allow the acquisition to go through next month.HeadsUp said should the purchase go ahead as expected, the combination would allow it to grow its revenue base in licensed jurisdictions around the world.Founded in 2014, VIP is active in the online casino, sports wagering and online poker markets, operating five sportsbook brands led by VipBets.com, five online casino brands and an internet poker platform.Read the full story on iGB North America. Email Address Topics: Strategy 3rd September 2020 | By contenteditorlast_img read more