Social News


Zynga posts record first quarter revenue of $404m

New York-listed social gaming giant Zynga has raised its full year 2020 guidance to $1.65bn in revenue after recording its best first quarter performance in its history.

With bookings climbing 18 per cent year-on-year to $425m in Q1, this helped drive a 52 per cent increase in revenue to a record [...]

5 mins read

Aristocrat suspends dividend and aims to reduce costs by $100m

Sydney-listed gaming supplier and social gaming operator Aristocrat Leisure has decided to suspend its interim dividend as one of a number of steps to mitigate the impact of the COVID-19 pandemic on its business.

With land-based operations delivering approximately 60 per cent of group revenue, Aristocrat noted that almost all of [...]

4 mins read
Scientific Games

Scientific Games on track to reduce Q2 costs by more than $100m

New York-listed lottery and gaming supplier Scientific Games said Tuesday that it will reduce its quarterly costs by more than $100m in the second quarter of 2020, including more than $50m in workforce cost reductions.

Scientific Games said that it has a strong liquidity position, having drawn approximately $480m under its [...]

3 mins read

COVID-19 crisis hits gaming investors hard

The first quarter of 2020 has not gone according to anyone's plan, to state the obvious. Markets and businesses across the globe have experienced unprecedented disruption and the chaos was hard felt by gaming operators and suppliers alike.

After seeing their combined share prices increase by 45 per cent in 2019, [...]

13 mins read

KamaGames posts record first quarter as revenue surpasses $29m

European social casino operator KamaGames has reported a 37 per cent increase in gross revenue to a record $29.25m during the first quarter of 2020.

The operator said it was its most successful quarter to date, buoyed by the release of new features, games and improved monetisation mechanics last year.

This [...]

2 mins read

Greentube provides support to improve BetBlocker’s self-exclusion tools

Novomatic’s interactive division Greentube has pledged its support to BetBlocker, a free-to-use self-exclusion tool in the UK which helps players control their gambling.

Greentube’s donation forms part of its annual Research, Entertainment and Treatment (RET) contribution, a voluntary funding model required by the UK Gambling Commission.

The funds will be used to improve BetBlocker’s iOS app [...]

2 mins read

GAN shares jump on higher online revenue and Nasdaq move

London-listed gaming supplier GAN is moving forward with its proposed Nasdaq listing as the casino shutdown in the United States begins to translate into higher revenue from online gaming.

GAN said Wednesday that the US casino closures in response to the COVID-19 pandemic have resulted in increased simulated gaming activity online, as major clients undertake [...]

1 min read

KamaGames partners Hard Rock International for social casino launch

European social casino operator KamaGames has secured a landmark partnership in the United States with Hard Rock International.

The agreement sees KamaGames launch a new Hard Rock Blackjack social casino product featuring popular casino-style games from the KamaGames portfolio, including a range of 3D table games such as roulette, craps, baccarat and [...]

3 mins read

Greentube acquires majority stake in CashBet Coin

Novomatic’s interactive division Greentube has completed the acquisition of a majority stake in CashBet Coin’s (CBC) cryptocurrency and underlying blockchain technology.

The supplier said that the acquisition, for an undisclosed amount, would enable Greentube to enhance the use of cryptocurrency across its social gaming portfolio. It follows a successful trial integration of CBC [...]

2 mins read

KamaGames eyes US expansion as 2019 revenue grows to $90.4m

European social casino operator KamaGames has reported its fourth consecutive year of growth as total revenue increased by 18 per cent to US$90.4m in 2019.

KamaGames recorded year-on-year growth in every month of the year, culminating in a record performance in December as it benefited from increased development spend and higher [...]

1 min read

Playtech hit by impairment charges and casual gaming losses in 2019

London-listed gaming supplier and operator Playtech has reported a 23 per cent increase in revenue from continuing operations to €1,508.4m in 2019, although higher amortisation and impairment charges and losses in casual gaming weighed heavily on the bottom line.

Playtech’s revenue growth was driven by its B2C division, which includes the Snaitech business in [...]

1 min read

SciPlay eyes new products and markets following strong growth in 2019

Scientific Games’ social gaming spinoff SciPlay grew revenue by 11.9 per cent to $465.8m in 2019, despite a fall in the final quarter of the year.

SciPlay’s fourth quarter revenue was marginally lower than the same period a year ago at $112.9m following an adjustment to previously reported figures, which resulted in a negative $6.3m [...]

1 min read
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