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GTECHG2 A TOP PERFORMER IN LOTTOMATICA Q2
Online gambling software provider contributes millions to group earnings
GTechG2, the Lottomatica subsidiary that develops internet gambling software and includes Boss Media, Dynamite Idea, Finsoft and St Minver, is one of the star performers in the second quarter 2010 results just released by the parent group.
First-half 2010 revenue contributions from GTech G2 were approximately Euro 36.7 million, up 6.5 percent versus the prior year.
Second-quarter revenue contributions were Euro18.4 million, up 7.4 percent over the same period last year.
Total wagers from the interactive segment totaled Euro 205.6 million, up 27 percent versus the first half of 2009.
Lottomatica management noted that G2 is working closely with World Lottery Association customers to develop and execute interactive platforms in several jurisdictions across the globe.
Special mention was made of G2’s work with provincial governments in Canada, where its online poker platform will be shared by the British Columbia Lottery Corporation and the Atlantic Lottery Corporation.
The Lottomatica group as a whole reported total revenues of Euro 574.5 million for the second quarter of 2010, an increase of 11 percent over the same period last year.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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