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CrownBet 220 percent increase in the player base

Monday March 7,2016 :  CROWNBET CHIEF REPORTS PROGRESS OF ONLINE GAMBLING FIRM
 
Matthew Tripp says Aussie company has boosted player base 220 percent in a year.
 
A 220 percent increase in the player base in just a year is pretty good going, Matthew Tripp, CEO of Aussie online betting group CrownBet, told the Australian Finanacial Review this week.
 
The gambling executive said that the company, formed late 2014 from what was left of BetEzy , is performing beyond expectations and now has 150,000 active gamblers on its books.
 
He acknowledged that the company benefits from its ties with Crown Resorts’ Signature Club membership rewards program as well as its sponsorship deals with AFL and Racing.com.
 
"We broke even on a monthly basis in November and have kept that up every month since," Tripp said in the interview. "While that's only been four months, I think we will be profitable for the rest of the year. That is ahead of where we thought we would be."
 
CrownBet is still taking a cautious approach to in-play betting due to its uncertain legality in Australia....but if government clarifies the format’s legal status via the Interactive Gaming Act, Tripp says that he has prepared a compelling offer and will introduce the genre.
 
"We've been ready for it for a couple of years and we're really confident that the technology we have and the offering we would put out there would be very popular," he told the AFR. "We are very confident about the legality of it as well, but we will wait for an indication of where things could head from the report."
 
Tripp used the opportunity to scotch speculative rumours that CrownBet is considering presenting a bid for the Western Australia TAB, which the provincial government plans to sell (see previous InfoPowa reports).
 
He said that such a bid was unlikely, and that CrownBet is currently not in a position to take on the retail obligations that such an acquisition would entail. However, he said that it would be something that he could "look at."
 
"We would look at it, but I'm not sure we are geared up enough at this stage to take on a retail operator as you would have to in that situation. Maybe in the future," he said.

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Gambling News :

GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

Opap in memorandum of understanding With Inspired - Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.

DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

Betconstruct In Deal With Realistic Games - BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.

XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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