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Ainsworth Game Technology Launching Social Casino

Players Paradise social casino due to launch in January, with another to follow.
Ainsworth Game Technology, an Australian gambling equipment and games supplier, is to enter the online social casino sector with two offerings, the first scheduled to launch early next year, titled Players Paradise.
Revealing his company's intentions this week, Ainsworth CEO Danny Gladstone said that earlier this year Ainsworth had partnered with digital platform provider 616 Digital in a joint venture to enter the social casino sector.
Paradise Player will offer social punters the best in both desktop and mobile gambling technology, he said.
Earlier, Ainsworth Game Technology warned shareholders that profits would be lower in the first half of the financial year. The warning triggered a slide of 12 percent in the company's shares, compounding a decline of some 40 percent over the past year for the A$876-million company.
"Domestic revenue for the first half of 2014-15 is expected to be similar to the second half of 2013-14 and down approximately 30 percent compared to the previous corresponding period," Gladstone told shareholders.
Analysts said they expected first-half net profit, excluding one-off items, to dip 12 percent to A$31.3 million. The full-year revenue was forecast to rise 12 percent to A$277 million, analysts predicted, noting that the company hopes to launch a series of new games to boost income, including offerings based on famous movies such as The Sound of Music and Showgirls.

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Gambling News :

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

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.

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