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Gaming Media Group Revenues and profits both up

The London-based Gaming Media Group has posted solid results for year ended 31st October 2008, showing increased growth of 47 percent in online poker rake, and 57 percent in group revenues overall taking into account casino, bingo and TV advertising. Profit before tax has also grown by four times to GBP 1 million.
 
Management revealed that the group is adding around 10 000 registrations a month from across Europe in its poker business, PokerHeaven.com, with a conversion rate averaging 30 percent in its top 10 territories and group revenues in excess of Euro 1 million per month. 
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The group took the opportunity to announce the imminent launch of its new casino offering ‘CasinoJoy’ mid-January, with over 200 games provided by Cryptologic. CasinoJoy.com will fall under the group-wide affiliate brand, HeavenAffiliates.com, to be launched at CAP London on 29th January.
 
This (January) month also sees PokerHeaven.com launch “The Player Tracker”, its third consecutive game-management tool unique to the International Poker Network (IPN). The Player Tracker, unavailable on any other IPN site, will enable players to replay every hand in real time and benefit from poker tracking technology.
 
Media Gaming Group's television operations, The Poker Channel, which premieres the European Cash Game this month featuring 2008 World Series of Poker Main Event winner Peter Eastgate, expects to add Poland and Portugal to its distribution network in the first calendar quarter of 2009, taking it to over 16 million homes in 18 countries. The Poker Channel will also start broadcasting French, German and Dutch language versions of its shows in early 2009.
 
Crispin Nieboer, CEO for Gaming Media Group said “Our pan-European and localised approach, together with significant advances in our CRM infrastructure, has been key to the extensive growth in 2008. We forecast strong organic growth in 2009, not just from poker, but from our new casino and bingo products as well. We are also investigating more acquisition and joint-venture opportunities, where we can utilise our infrastructure to absorb similar businesses, and apply our lower CPA, higher conversion and player lifetime values.”

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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