Ainsworth profit nosedives amid domestic struggles

first_img Australian gaming machines and content provider Ainsworth Game Technology (AGT) has posted a 66% slump in post-tax profit to Aus$10.9m (£5.98m/€6.59m/$7.31m) on the back of a 12% fall in turnover to Aus$234.3m for the 12 months through to the end of June. 28th August 2019 | By contenteditor Ainsworth profit nosedives amid domestic struggles Casino & games Regions: Oceania Australia Subscribe to the iGaming newslettercenter_img Australian gaming machines and content provider Ainsworth Game Technology (AGT) has posted a 66% slump in post-tax profit to AUD$10.9m (£5.98m/€6.59m/$7.31m) on the back of a 12% fall in turnover to $234.3m for the 12 months to 30 June, 2019.With the company’s online division contributing $4.2m of sales, group earnings before interest and deductions was $44.8m, a 34% year-on-year decrease, with challenging conditions in Australia and Latin America blamed for the overall decline.Three months after issuing a profit warning, Ainsworth again singled out its domestic market as a particular struggle, with sales in Australia down 43%.However, the company highlighted a stronger balance sheet at the end of the financial year, with net cash of $6.2m versus a net debt of $36.2m 12 months earlier, supporting “an increase in R&D investments to drive organic growth, complemented with selective acquisitions”.AGT also underlined encouraging progress in North America, where revenue increased by 8%, helping to lift international sales to 85% of the company’s turnover.Ainsworth added that 20 games have been approved in New Jersey with GVC for the PlayMGM online platform, while a total of 62 games were developed and approved for online distribution throughout the US, Europe and Latin America over the 12-month period.In February, the company announced the launch of Mustang Money, its first real-money online casino game, in Mexico. AGT said that the game is performing to expectations in terms of growing the company’s player database and revenues.Lawrence Levy, who was appointed as the company’s new chief executive on 1 July, said that the company is in the process of reviewing its research and development investments.“I am confident AGT can drive improved long-term growth by leveraging its excellent reputation, focusing R&D and complementing organic performance with selective acquisitions,” he said.“My initial observations as the new CEO are that we have a strong footprint in major markets, scale and growing recurring revenues. With an increased focus on investing in game technology and new product development, I expect our domestic performance to progressively improve and our international success to continue.“While the FY19 results are relatively weak, AGT is capable of delivering improved performance. We have a professional and motivated workforce, an excellent industry reputation and a well-established footprint across all our markets.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Email Addresslast_img read more

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Swedish consumer ombudsman to file lawsuit against Aspire

first_img2nd October 2019 | By Daniel O’Boyle Online gaming solutions provider Aspire Global’s Karamba brand has been named as the subject of a lawsuit from Swedish consumer agency Konsumentombudsmannen (KO), who have accused Karamba of violating the marketing provisions of Sweden’s Gaming Act and Marketing Act.On Monday (30 September), KO announced its intention to file a lawsuit against Aspire in Sweden’s Patent and Marketing Court against the marketing of bonus spins on Karamba games, which the KO considered to be misleading.“The company promises bonuses and free spins that, in practice, force the player to play with too large sums, or else the money is lost,” KO said.KO said that Aspire was misleading in its promotion of free bonus spins on its games by advertising bonuses that can only be achieved by playing with very large sums of money.“In its advertising, the company promises SEK 2,000 (£165/€185/$202) in bonuses and 100 free spins,” the KO said. “But in order to take advantage of the offer, a player must invest at least SEK 70,000, the bonus must be redeemed 35 times within 21 days and you only have one day to use free spins.”“In addition to violating the Gaming Act, KO considers that the company is in violation of the Marketing Act, the gambling industry’s own guidelines and the recommendations of the European Commission.”The KO added that the terms and conditions were in very small print and not all in one place, making it difficult for players to understand the terms of the bonus spins.“No information or reference has been provided in connection with the offer that it is subject to terms and conditions for consideration. Instead, the terms and conditions have been placed on the site with no objection small and difficult to read text.”The KO recommended Aspire receive a fine and the advertisements be discontinued.However, Aspire hit back at the lawsuit in a release today (2 October), stating that it intends to contest any legal action and that its marketing efforts fit the definitions of “moderate marketing” permitted in the Gaming Act.“We dispute that the bonus offerings contravene the requirements of moderate marketing in the Gaming Act and we are critical to having been chosen as the subject to KO’s enforcement in this manner. If the court issues a lawsuit, Aspire Global will object to KO’s interpretation of the law”, says Tsachi Maimon, CEO of Aspire Global.”In August, Aspire Global announced that its revenue increased 76.5% in the first half of 2019, to €66m. Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Tags: Online Gambling Topics: Casino & games Legal & compliance Marketing & affiliates Subscribe to the iGaming newsletter Swedish consumer ombudsman to file lawsuit against Aspire Online gaming solutions provider Aspire Global’s Karamba brand has been named as the subject of a lawsuit from Swedish consumer agency Konsumentombudsmannen (KO), who have accused Karamba of violating the marketing provisions of Sweden’s Gaming Act and Marketing Act. Email Addresslast_img read more

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Push Gaming agrees to acquire GSI

first_img Games development studio Push Gaming has agreed a deal to acquire gaming technology provider GSI in an effort to scale up the delivery of products to operator partners. Email Address Topics: Strategy Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Games development studio Push Gaming has agreed a deal to acquire gaming technology provider GSI in an effort to scale up the delivery of products to operator partners.Terms of the deal were not disclosed, but it was confirmed that GSI, including its founders Paul Evison and Paul Beattie, will join the Push Gaming team.Push Gaming said the acquisition will grant it more flexibility and control over its technology, as well as support the development of platform functionality, game design and industry distribution.GSI counts the likes of the Hive Remote Gaming Platform and Mesh Aggregator among its range of products.“The acquisition of GSI is a real game changer for us and we’re confident it will help us to become a key player within the industry,” Push Gaming co-founder and chief executive James Marshall said.“The launch of our own platform gives us full control of our game development, delivery and operator integrations. We will now also benefit from GSI’s extensive industry knowledge and experience, as well as their fantastic technical team ”GSI’s Evison and Beattie added: “The acquisition of GSI is the perfect way for Push Gaming to take its delivery to the next level and take on the big suppliers.“By combining the two teams we will be able to improve all aspects of our business, from game creation and design to distribution and operator relationships. It’s an exciting time for us, and we’re looking forward to a record-breaking year ahead.”center_img Push Gaming agrees to acquire GSI Strategy 21st January 2020 | By contenteditor Tags: Online Gamblinglast_img read more

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Kansas sports betting bill clears Senate

first_img Topics: Legal & compliance Sports betting The Kansas Senate has voted through a bill that would legalise land-based and certain forms of online sports wagering in the US state.Senate Bill 283 passed by a vote of 23-15 and is now set to move forward to the state’s House of Representatives for further debate and discussion.Introduced in January by the Senate’s Committee on Federal and State Affairs, the bill set out measures to permit casinos already licensed by the Kansas Lottery Commission to launch on-premises sports betting and offer two online betting skinsCasinos that offer land-based sports wagering would be taxed at a rate of 7.5%, while the state would also place a 10% tax on revenue from online sports bets.If only one – or no – operator takes up the option to create an online product after two years, the lottery may create an online betting product of its own.Read the full story on iGB North America. Kansas sports betting bill clears Senate Subscribe to the iGaming newsletter Legal & compliance Regions: US Kansascenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd March 2020 | By contenteditor The Kansas Senate has voted through a bill that would legalise land-based and certain forms of online sports wagering in the US state. Email Addresslast_img read more

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Blackstone and Atairos become first GeoComply institutional investors

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter “Our mission at GeoComply is to empower the future of Digital Trust, and with Blackstone and Atairos as investors, we are taking a material leap forward to make it a reality,” said GeoComply founder and chairman Anna Sainsbury. Regions: US Geolocation service provider GeoComply has today announced that private equity businesses Blackstone Growth (Blackstone) and Atairos will each invest in the company. 23rd March 2021 | By Nosa Omoigui Finance Blackstone and Atairos become first GeoComply institutional investors Read the full story on iGB North America. Topics: Casino & games Finance Online casino The deal represents GeoComply’s first commitment of institutional capital, which will aid with the company’s growth moving forward. The supplier did not reveal the size of the investment. Tags: GeoComply Blackstone Atairos Email Addresslast_img read more

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AZ sports betting bill heads to Governor after tribal compact extended

first_imgRead the full story on iGB North America. Sports betting Arizona’s Senate approved the bill by a vote of 23-6 yesterday (April 12), and with it having already passed the state’s House of Representatives, the bill will now progress to the Governor for signature into law. 13th April 2021 | By Robert Fletcher Introduced by Representative Jeff Weninger in February, House Bill 2772 would allow consumers in Arizona to wager on sports at tribal casinos and sites owned by major league sports teams. Topics: Sports betting Tribal gaming Online sports betting Retail sports betting Sports betting regulation Arizona has taken a step closer to regulated sports betting after the state secured an extended tribal gaming compact, allowing a bill aiming to legalise wagering to clear the Senate and progress to Governor Doug Ducey. Subscribe to the iGaming newsletter The legislation also offers tribes up to 10 licences to run sportsbooks at their more than 20 casinos in the state, as well as allowing them to build new casinos and expand their gambling offerings. Tags: HB2772 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Key provisions in the bill include making 10 licences available for major league sports teams such as the National Football League’s Arizona Cardinals and National Hockey League team the Phoenix Coyotes. AZ sports betting bill heads to Governor after tribal compact extended These properties and facilities would be able to run sports betting operations, and bring in gaming partners, at their respective venues, at retail locations within a quarter mile and online. Regions: Arizona Email Address Should HB2772 come into law as expected, the bill would allow online and fantasy sports wagering, as well as add limited Keno games at off-track betting locations and social clubs.last_img read more

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Tennis and esports lead IBIA betting integrity alerts in first quarter

first_img28th April 2021 | By Robert Fletcher “The association and its members continue to work closely with those sports, and indeed all sports that wish to engage with us, to identify potential corruption and to seek robust sanctions to punish and deter such illicit activity.” Sports integrity Asia saw 13 reports in the first quarter, with tennis leading the way on six alerts, while just three alerts were registered in Africa, all of which were for tennis.  Tennis and esports lead IBIA betting integrity alerts in first quarter Esports ranked second with 17 alerts in the quarter, ahead of football on 12 alerts, table tennis with seven, basketball on five, volleyball with four and a single alert for horse racing. Tennis remained the sport of most concern for the IBIA with 18 betting integrity alerts in Q1.  Integrity body the International Betting Integrity Association (IBIA) reported 64 suspicious betting events to authorities during the first quarter of 2021, with tennis and esports the main sports of concern. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In terms of geographical spread, alerts were registered across 20 countries during the first quarter. “After a difficult 2020, many operators appear to be close to normality in terms of their pre-pandemic market offering,” IBIA chief executive Khalid Ali said. “This is reflected in the alert numbers and geographical spread for Q1, with a refocus on those sports that have traditionally and numerically dominated the betting offer globally, namely tennis and football.  A further two alerts came from South America – both in Chile for tennis – while no alerts were reported in North America or Australasia Europe accounted for 29 alerts, with a quarter of all alerts in the period coming from Russia (10) and Bulgaria (six). Tennis, table tennis and football drew seven alerts each in Europe, ahead of basketball on five, two for volleyball and one for horseracing. Of these alerts, six matches were provided to the International Tennis Integrity Agency as intelligence reports as they did not relate to events sanctioned by the main tennis tours. However, the IBIA said some players engaged in those events may fall within the scope of that body’s Tennis Anti-Corruption Program. Subscribe to the iGaming newsletter Tags: IBIA Topics: Sports integrity The quarterly total was slightly up on the same period last year when the IBIA sent out 61 alerts, but down from the 64 alerts reported in the final quarter of 2020. Email Addresslast_img read more

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Kindred partners EASG to promote new gambling addiction identification app

first_img Kindred partners EASG to promote new gambling addiction identification app Responsible gambling Online gambling operator Kindred Group has linked up with the European Association for the Study of Gambling (EASG) to raise awareness of a new mobile app that helps identify early signs of gambling addiction to players. 10th June 2021 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The EASG manages the app and also controls and distributes the aggregated anonymised user data for use in academic research Regions: Europe As part of this commitment, the operator has been publishing the amount of revenue it receives from customers it deems at risk of harm. For the first quarter of 2020, those classed as high-risk made up 3.9% of total revenue. Kindred in March last year committed to ensuring it does not generate any revenue from customers gambling in a harmful and unsustainable manner by 2023 and said promoting Bettor Time to its customers will help it achieve this target. Tags: Kindred Group European Association for the Study of Gambling EASG Developed by mobile mental health assessment specialist Zafty Intelligence, the Bettor Time app uses proprietary machine learning software to identify unique changes in a customer’s behaviour associated with mental health issues.  “The technology behind this app with Zafty’s unique machine learning algorithms that take the recorded activity and learn each user’s normal behaviour is very interesting,” Kindred’s head of responsible gambling and research Maris Catania said.  Topics: Social responsibility Responsible gambling Specialist algorithms take the recorded activity and learn each user’s normal behaviour, which then allows it to monitor potentially problematic changes in activity. Based on the level of change in behaviour, the app will recommend tailored features and support to help the user to restore their gambling behaviour to a healthy level. “This app can help users make better informed decisions about their gambling. We are proud to promote this app and I recommend other operators to follow.” Subscribe to the iGaming newsletter Email Addresslast_img read more

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New York sports betting revenue reaches $1.6m in May

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address However, figures released by the New York State Gaming Commission did reveal an increase from the $1.3m generated by the four casinos in April this year. Topics: Casino & games Finance Sports betting Land-based casino Year-on-year comparisons were not possible as the state’s four commercial casinos licensed to offer sports wagering were closed for all of May 2020 due to novel coronavirus (Covid-19) restrictions in New York. Casino & games Rush Street’s Rivers Casino and Resort in Schenectady led the way in May with $641,102 in total sports betting revenue, ahead of the del Lago Resort and Casino in Waterloo and its DraftKings sportsbook on $555,855. New York sports betting revenue reaches $1.6m in May Tags: Revenue Sports Betting May NY Read the full story on iGB North America. Regions: New York Casinos were not permitted to reopen until September of last year, with retail sports betting suspended until the relaunch. 17th June 2021 | By Robert Fletcher Subscribe to the iGaming newsletter Commercial sports betting revenue in New York amounted to $1.6m (£1.2m/€1.3m) in May, an increase of 23.1% from the total generated in April.last_img read more

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CSK appoints Eric Simons as bowling consultant

first_img WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Latest Sports News By Kunal Dhyani – February 15, 2018 Cricket Cricket Facebook Twitter Football TAGS2018 VIVO Indian Premier LeagueChennai Super KingsCSKCSK bowling consultantEric Simons SHARE Previous articleDiscovery reports record viewership for Pyeongchang 2018Next articleT20 Mumbai League invites bids for franchisee allocation Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. CSK appoints Eric Simons as bowling consultant RELATED ARTICLESMORE FROM AUTHOR BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check ENG-W vs IND-W: Sneh Rana reveals England sledged a lot but we did not pay attention PSL 2021 Playoffs LIVE – How to watch Pakistan Super League Playoffs Live Streaming on your Mobile, Laptop Euro 2020, Switzerland vs Turkey LIVE: Shaqiri doubles Switzerland’s lead after Seferovic opener; Follow Live Updates Cricket Cricket Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory|SponsoredSponsoredUndo Cricket WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Chennai Super Kings have announced Eric Simons as a bowling consultant ahead of the 2018 VIVO Indian Premier League season.The former South African international cricketer will join CSK’s experienced coaching staff comprising Head Coach Stephen Fleming, batting coach Michael Hussey and bowling coach Lakshmipathy Balaji. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likecio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndo247 Sports50 Best College Football Players Of All Time247 SportsUndo“CSK have always carried an aura of success and confidence which makes it a great privilege to be a part of the franchise and to be a part of the inner workings of such a successful team,” the former India bowling coach said about his appointment.“In every IPL tournament, CSK are seen as one of the teams to beat. CSK have been pace setters in many ways but particularly in the way they have set up their team balance and always maintained a great consistency in squad selection. One always sensed that the team (members) were proud to represent CSK,” added Simons, who has previously coached in the IPL.“CSK have put a fantastic group of coaches together and I grabbed with both hands the opportunity presented to me to be a part of the team. As MS (Dhoni) defines the players at CSK, so Fleming is the constant that defines the coaches. He is a shrewd operator and with MS has forged the formidable partnership that has brought CSK the success that they have achieved,” the 55-year-old stated.Simons further hailed Dhoni’s contribution in the growth of CSK into a much-decorated franchise.“No other IPL franchise has been defined by an individual in the manner in which MS defines CSK. His record as a player and as a captain across many years is there for all to see. MS is not someone that follows others but is someone who looks for his own path,” the Cape Town-born said.“It has been a privilege and a learning experience to have worked with him in many situations, first with the Indian team, then at RPS and now with CSK,” he concluded.KS Viswanathan, CEO, Chennai Super Kings, said Simons’ presence will be of immense help to the side.“Eric has tremendous experience of working with both Indian and overseas bowlers. Combined with Balaji’s knowledge and experience of Indian conditions, I’m sure that the bowling department will benefit a lot,” Viswanathan stated.The Lions won the IPL twice, finished runners-up on four occasions and qualified to the Playoffs in every season between 2008 and 2015 to emerge as one of the most successful franchises in the opening decade of the competition.The Chennai franchisee, that made a comeback after facing a two-year ban, will take on defending champions Mumbai Indians at the Wankhede Stadium on Saturday, April 7, in the opening game of the 2018 VIVO Indian Premier League. CricketIndian premier leagueLatest Sports NewsSports BusinessNewsSport WTC Final Day 3 LIVE Score: R Ashwin draws first blood; NZ 76/1 (39 ovs)- Follow Live Updates PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Share on Facebook Tweet on Twitter WTC Final: Sunil Gavaskar reacts to Ajinkya Rahane dismissal says, ‘Only explanation is that he was going for his fifty’ Cricket last_img read more

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