Calvin Ayre News

  • Italy sets online casino revenue record; PokerStars’ grip slips

    Italy’s regulated online gambling market started 2018 off on the right foot, posting double-digit sports betting gains and setting a new online casino record. Figures compiled by Italian gaming news agency Agimeg show total land-based and online sports betting revenue of €150.5m in January, up 15.5% year-on-year. However, the online portion...
  • Atlantic City casino revenues down 2.7 percent

    Casino revenues of Atlantic City have dipped by 2.7 percent in July but it isn’t enough to make the state gaming officials push the panic button. In fact, New Jersey Division of Gaming Enforcement David Rebuck finds the figure “encouraging” since it only reflects the continued stabilization of the casino...
  • Genting hit with another punto banco scandal; London casino in court

    Genting has been hit with another Punto Banco scandal as the Scottish Sun reveals an internal investigation is ongoing in Genting Glasgow, and Les Ambassadeurs is in court fighting a mystery man from Singapore. Phil Ivey is an inspiration to many, and under normal circumstances ‘the many’ are poker players....
  • SJM Holdings revenue, earnings and profit all down in H1

    Bucking overall market trends, Macau casino operator SJM Holdings reported revenue, earnings and profit declines in the first half of 2017. Figures released Tuesday show the Hong Kong-listed SJM’s gaming revenue falling 2% year-on-year to HKD 20.4b ($2.6b) in the six months ending June 30, while adjusted earnings fell 7.7% to...
  • China to “severely punish” illegal gambling operators

    China has vowed to “severely punish” both land-based and online gambling operators who target mainland Chinese gamblers. On Wednesday, the state-run Xinhua news agency quoted Public Security Minister Guo Shengkun saying the authorities “must seriously investigate and severely punish those companies and individuals involved in enticing and organizing Chinese...
  • Kangwon Land casino paying problem gamblers to stay away

    American casino industry groups are pleading with congressional leaders not to purge problem gambling support funds from President Donald Trump’s health care plan. Earlier this month, the heads of the American Gaming Association (AGA), National Indian Gaming Association (NIGA) and the Association of Gaming Equipment Manufacturers (AGEM) sent a...
  • Calling the Clock: Aussie online poker dies; PokerStars storm and more

    In this week’s poker news round up we remind you of the death of online poker in Australia, a storm brewing above the heads of the High Rollers competing in the PokerStars Championships and more. Australian poker players were dealt a blow this week when the Interactive Gambling Amendment...
  • Cyprus police investigating after OPAP declines audit

    The longstanding relationship between the government of the Republic of Cyprus and betting operator OPAP is rapidly coming apart at the seams. On Monday, the Cyprus Mail reported that Cypriot attorney-general Costas Clerides had ordered a police investigation into OPAP after the Greek lottery and betting operator declined to...
  • Cybersecurity: A growing focus for gambling operators

    In October 2016, the world saw the most powerful Distributed Denial of Service (DDoS) attack ever registered in cyber history. The destructive Mirai botnet brought down sites including Twitter, the Guardian, Netflix, Reddit, CNN and many others in Europe and the United States after it hit the servers of...
  • GVC now more transparent, but still risky

    There is more than one way to understand the term defensive investing. Typically it means buying stable companies with low growth, in other words seeing it from the growth side of the equation. But defense can also be seen in terms of the loss side. Defense, other than focusing...
  • BCLC’s online casino earns 46% of revenue from 619 players

    New research reveals that the British Columbia government’s online gambling site earns 46% of its online casino revenue from just 5% of its players. This week, the British Columbia Lottery Corporation (BCLC) celebrated the signing of a licensing agreement in which casino operator MGM Resorts would integrate BCLC’s GameSense...
  • William Hill’s profit down double-digits in “challenging year”

    UK bookmakers William Hill saw their operating profit fall 10% in 2016, a 12-month span their interim CEO called “a challenging year.” Figures released Friday show Hills’ revenue inching up 1% to £1.6b last year, while operating profit fell 10% to £261.5m. Interim CEO Philip Bowcock (pictured) said 2016...
  • ESports betting to grow in 2020 as its audience grows to 600M

    The future of eSports betting will become brighter three years from now as its global audience will balloon to almost 600 million by 2020. According to the latest report of market intelligence company Newzoo, the global eSports audience will reach 385 million in 2017 and is expected to grow...
  • Duterte vows to hunt down illegal gambling protectors

    Philippine President Rodrigo Duterte has warned politicians protecting illegal gambling operators that he will use his iron fist to get rid of government officials who are found to be protecting illegal gambling operators. His warning comes after his war on illegal drugs takes a backseat amid the controversy over...
  • Portugal finalizes online poker liquidity sharing plan

    After months of delay, Portugal has finally sent its new online poker liquidity sharing technical standards to the European Commission for approval. Last November, Portugal welcomed the first online poker site (Amaya Gaming’s PokerStars) under the country’s new online gambling licensing regime, but it wasn’t until this Tuesday that...
  • Wynn Palace in Macau awarded only 150 gaming tables.

    Casino operator Wynn Resorts is all set to open its new Wynn Palace property in Macau, albeit with fewer gaming tables than expected. The $4 billion integrated resort has reportedly been awarded only 100 mass gaming tables for its opening on August 22. This will be followed by 25...
  • AMAX To sue greek mithology casino operators over financial accounts

    Operator of the beleaguered Greek Mythology Casino in Macau will have to find space for the new set of folders that will be added to the growing collection of its legal cases. This as Macau junket and casino investor Amax International Holdings warned Greek Mythology operator of suing them...
  • Atlantic City casinos enjoy gains at Trump Taj Mahal’s expense

    Atlantic City casinos had a productive July despite the famed boardwalk featuring nearly as many striking workersas tourists. According to the New Jersey Division of Gaming Enforcement, AC’s eight casinos reported total brick-and-mortar gaming revenue of just under $258m in July, up 5.3% from the same month last year....
  • MGM Cotai to open with no VIP tables

    Casino operator MGM Resorts says its new Macau property won’t have any VIP gaming tables, at least, not to start. On Tuesday, MGM China CEO Grant Bowie discussed the company’s in-development MGM Cotai property, telling reporters that the company had “already made the decision that we’re envisaging opening only...
  • Russia wagering falls as ruble declines: junior hockey a betting magnet

    Russia‘s sports bettors dramatically reduced the size of their average wagers in Q1 due to the sharp decline in value of the ruble. According to statistics compiled by Russian bookmaker Rub90, the average bet over the first three months of 2016 was worth $11.39, down $4.13 from Q4 2015....
  • Frustrated bet365 punter mulls legal action to withdraw £54K account balance

    Online gambling operator Bet365 is being publicly shamed by a disgruntled punter who says she can’t get her winnings off the site. On Tuesday, The Guardian published the story of an unidentified female punter who claims to be having difficulties convincing Bet365 to fork over her £54k account balance....
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