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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 :

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.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

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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