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June 2016 Revenues for Delaware Online Casinos
BUMPER MONTH FOR DELAWARE ONLINE GAMBLING
Revenues remain small, but are growing.
The regulated online gambling market in the US state of Delaware delivered small but growing revenues in June, according to the latest figures from the state regulator, which reported that over the first six months of the year net revenue topped $1.5 million - a 93 percent year-on-year increase on the $796,908 returned in the first half of 2015.
June 2016 was a particularly good month, the numbers show, at $304,874.30. This is the highest monthly net revenue yet recorded in Delaware online gambling, which has been legalised since 2013. Importantly, it represents an impressive 180 percent growth when compared with June 2015.
All three licensed operators in the state recorded revenue improvements in June 2016, with total online wagers coming in at $8.5 million - up 164 percent year-on-year.
The state’s three licensed operators – Delaware Park, Dover Downs and Harrington Raceway and Casino – all recorded increases in their net revenue for June. $8.18 million was returned to punters in winning pay-outs.
Net revenue generated by video lottery games rose from $45,250.30 in June 2015 to $185,865.96 in June this year, whilst table game net revenue increased to $82,697.39 from $32,811.98 last year, and poker rake and fees grew to $36,310.95...an increase of $5,635.82.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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