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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
London-listed iGaming supplier GAN has agreed a deal to launch its Simulated Gaming product with Washington State’s Snoqualmie Indian Tribe.
GAN will deploy its free-to-play casino offering for the Snoqualmie Indian Tribe, which owns the Snoqualmie Casino in Snoqualmie, during the first half of 2020.
The agreement marks GAN’s 16th US casino partner and [...]
London-listed iGaming solutions provider GAN has begun the process to list its shares on Nasdaq in the United States after recording strong growth in the market during 2019.
GAN's 2019 revenue is expected to increase by between 115 per cent and 120 per cent versus the prior year, with an EBITDA [...]