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INTERWETTEN ENJOYS A GOOD Q2 -2016
INTERWETTEN ENJOYS A GOOD Q2 -2016
Online casino operator reports net profit up Net profit up 13 percent at Euro 5.7 million
The Malta-licensed online casino and sports book operator Interwetten has published positive Q2-2016 and half-year numbers highlighting:
* Q2 GGR up at Euro 16.9 million, whilst GGR for the half-year reached Euro 32.8 million - up 29 percent;
* Revenue during the Euro 2016 football championship rose 35 percent compared to the FIFA World Cup 2014, which had had 13 more games;
*Half-year revenue from sports betting was up 93 percent y-o-y;
* Online casino revenue increased 40 percent in June compared with the corresponding period last year, with mobile operations delivering a major contribution; in the case of online casino 43 percent and from sportsbetting 63 percent.
* Group half-year EBITDA rose 13 percent y-o-y to Euro 6.7 million, with net profit up by a similar amount to Euro 5.7 million.
* Interwetten has expanded the casino games inventory by bringing on-board providers like Elk Studios, Playson, Yggdrasil, and Quickspin, boosting a gaming suite that now offers over 800 desktop and 400 mobile gaming titles.
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Gambling News :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
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