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RECORD SALES FOR AUSTRIAN LOTTERIES
02/03/2012 : Online gaming good for 2011 annual results
State-owned Austrian Lotteries and Casinos Austria Group has reported record sales of Euro 3.4 billion for the year 2011 and is looking to online expansion to deliver the same in the year ahead.
Other Key Performance Indicators include:
- Growth driven primarily by Austrian Lotteries which generated Euros 2.899 billion, up 9.7 percent over 2010
- Twelve Austrian Casinos up 4.3 percent to Euro 270 million
- Win2day, up 5 percent representing a staggering Euro 1.125 Billion (excluding poker)
Austrian Lotteries and Casinos Austria Group chief executive officer, Karl Stoss comments: "While the classic casino business in Europe is still in a phase of consolidation, we look at online betting, video lottery terminals, but also in the traditional lottery business for growth opportunities that we can use for our group."
The company has applied for a Belgian licence for its win2day.at online division through its relationship with land-based subsidiary Grand Casino Brussels, moving towards its online expansion strategy.
Additionally its Austrian Lotteries, WINWIN and Better Game Solutions (tipp3) are all exploring several options for new markets in Europe.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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