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Good Progress For Bet365 Australia
BET365 PROGRESSES IN AUSTRALIAN MARKET
Reports significant headway towards cutting losses.
Online gaming firm bet365’s Australian arm has reportedly made good progress and significantly cut the substantial losses previously reported in its fiscal 2015 report for the 12 months ended March 27.
According to Australian Securities and Investment Commission documents bet365 Australia has whittled its losses to A$10.9 million, significantly down from accumulated losses of A$133 million since its launch in the Australian market in 2012.
The 2016 financial report notes that bet365’s progress supports "the Directors view that over the longer term the Company will become profitable and, therefore, deliver a positive contribution to the Group."
The Australian Financial Review (AFR) reveals wagering amounts with bet365, during its fiscal 2016, reached A$ 2.5 billion, an increase of A$ 438 million over fiscal 2015. The company is now believed to hold around 17 percent of the Australian online sports betting market, AFR said citing unidentified media and sports sources.
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Gambling News :
Pagcor relents on 20 venues -
In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.
Kama Games Selects Unity -
#Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.
Novomatic Slot Competition -
#Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.
GREAT88 Slot Launches -
Golden Dumplings, which award a spin on the Bonus Wheel, itself offering chances for multiplied stake winnings, free spins or a spin at the Mega Wheel.
Unibet - Relax Gaming poker software -
#unibet Instead, the roll-out will now take place in phases, with October 3 seeing only the launch of the web client for non-regulated markets. That will be followed by the regulated market launch, and on November 1 the mobile version will appear.
Update on Anti Online Gambling bill S.3376 -
More detail is emerging on Senate bill S.3376 and its author, Senator Tom Cotton, indicating that Cotton has in the past (2015) signed as a sponsor for Sheldon Adelsons Restoration of Americas Wire Act and opposes the legalisation of online gambling in the United States.
Anti Gambling bill S. 3376 -
#s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.
2016 WPT Borgata Main Event Results -
@MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.
G-Sports debuts with the game Road Redemption -
#esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.
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