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Sportech Looking at Nj Online Gambling

Friday August 23,2013 :  SPORTECH EYES NEW JERSEY FOR ONLINE GAMBLING
 
US action could revitalise company's struggling online gambling activities
 
The Sportech gambling group's struggling Playtech-powered e-gaming division could be given a new lease of life if the company is able to enter the legalised New Jersey online gambling market in November this year, an area in which it appears to share competitive ambitions with a number of other international online gambling firms.
 
The company's online gambling results posted earlier this week  reflected a first-half decline in earnings, which slid from a profit of GBP 700,000 in 2012 to a similar figure but on the red ink side of the book in the same period this year, despite an 8 percent improvement in revenues, a growing client base and heavier marketing.
 
Sportech is well-placed to advance in the US; it has a presence through the successful Sportech Racing subsidiary, which currently generates around 40 percent of the group's earnings, and holds a slew of betting licenses across almost half the US states.
 
Chief executive Ian Penrose has made no secret of his intention to turn that substantial US presence into a competitive online gambling venture in states where this is legal, and he has revealed that talks are in progress with a number of potential software providers.
 
If successful in New Jersey, Sportech will find itself in some august company, according to a mix of recent media reports and speculation.
 
Some 37 companies, several US land giants partnered with major online gambling companies among them, have already applied for New Jersey licensing, where online gambling will be confined to existing Atlantic City land operators.
 
All but two of those operators have already clinched online gambling operational partnerships, leaving only Revel and Atlantic Club still to announce partners.
 
The rumour-mill has it that the giant American horse-racing conglomerate Churchill Downs - which already has considerable experience in online wagering through its TwinSpires.com company - may be interested in Atlantic Club, which controversially backed out of a deal with Pokerstars earlier this year).
 
The innovative and energetic UK land and online gambling group Paddy Power is also rumoured to have plans to expand its international reach into the US, and has reportedly made application, too - there is talk of an Atlantic Club move there as well.
 
Another recent foreign contender is UK-based 2UP Gaming, which has announced that it has the financial clout to take an acquisition run at an unidentified Atlantic City land casino...or build one of its own. The company has indicated that it has substantial Asian backing, but has not identified from whom.
 
The latest speculation was triggered by tweets from an Atlantic City casino business publication which suggested that the huge Malaysian and UK land and online gambling group Genting may be interested in Revel.
 
New Jersey looks set to be a highly competitive and overcrowded online gambling market...but that could mean better offers to players.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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