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Finnish Slot Machine Association Revenues Rise
Friday August 31,2012 : FINLAND'S RAY REVENUES RISE
But net income behind. Internet gaming exceeds expectations.
The Finnish Slot Machine Association (RAY) reported a 6.1 percent rise in revenue in its HY1 2012 results this week although the company's net income fell behind due to tax increases.
Other key indicators for the period included:
- Profits of Euro 377.7 million
- Net Income Euro 198.9 million
- Gaming locales generated Euro 46.8 million in revenue
- Profits from casino games located in restaurants and gaming halls lagged behind the same period last year delivering a total of Euro 6.8 million
- Profit from Casino Helsinki reached Euro 14.3 million, an increase of 9.4 percent
The company reported internet gaming profits that "generously exceeded all expectations yielding Euro 23.1 million, an increase of 68.2 percent over last year. Online games now generate 6 percent of RAY's gaming operation revenues.
RAY's online player registration doubled over H1 2011 and now stands at around 185 000 online players.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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