The Guardian – Ofcom research finds 1.39m gambling ads ran in UK last year, compared with 234,000 in 2007 when sector was deregulated. The number of gambling commercials on British TV has rocketed from 234,000 a year to nearly 1.4m annually since the deregulation of the sector six years ago, according to new research. Media regulator Ofcom on Tuesday published research showing that viewers were bombarded with 1.39m gambling ads ran last year, with under-16s exposed to an average of 211 ads each. This is an increase of nearly 600% since the Gambling Act 2005 came into force in September…

iGaming Business – UK bookmaker Ladbrokes has insisted it is still “within range” of reaching analysts’ profit forecasts for 2013 despite ongoing speculation that it could be forced to cut estimates further due to what it described as “recent adverse sporting results”. “Ladbrokes notes market speculation with respect to recent adverse sporting results,” Ladbrokes said. “Current expectation for Group performance for 2013 remains within the range of analyst EBIT forecasts for the full year (£138 million – £151 million). But with a key part of the sporting calendar ahead it is extremely premature to speculate on the outturn for the…

Calvin Ayre – The world is coming together to help the Philippine Central Islands that were devastated by Super Typhoon Haiyan, one of the worst storms ever to make landfall. We are challenging the gambling industry to step up, reach into their pockets and give as much as they can to the Haiyan relief efforts and the Calvin Ayre Foundation will match all donations made by the online gambling industry pesos for peso, up to $1,000,000. On top of the matching pledge, Calvin Ayre has personally pledged $200,000 of his own money towards the relief efforts. In addition to the matching donations,…

Channel News Asia – An online Bitcoin trading platform aimed at Chinese investors has suddenly closed, leaving hundreds with more than 20 million yuan ($3.3 million) in combined losses, a newspaper said on Thursday. Hong Kong-registered Global Bond Limited shut down in late October and disappeared before users could withdraw investments from their accounts, the China Business News said. Bitcoins – a form of digitally-created “e-money” – are stored in a virtual wallet, and can be sent directly to another person, bypassing banks and remaining largely anonymous. They were created in 2009 in the wake of the global financial crisis…

Business Insider – A stunning $202 billion in “ill-gotten funds are channeled through Macau each year,” according to The Congressional-Executive Commission on China Annual Report 2013. Diplomatic cables released by Wikileaks claimed that the casino and hospitality sector accounted for over 50% of Macau’s GDP but that, “its phenomenal success is based on a formula that facilitates if not encourages money laundering.” And a lot of that money comes from China. Macau casinos pulled in a record 36.5 billion patacas ($4.57 billion) in revenue in October, largely driven by Chinese visitors. In 1999, Macau saw 800,000 mainland Chinese tourists.  That figure…

iGaming Business – Revenue from all forms of gambling in South Africa has increased during 2013 despite the economic slowdown, according to a survey by professional services firm PricewaterhouseCoopers (PwC). The report recorded gross gambling revenue of ZAR16.4 billion (€1.2 billion/$1.6 billion) in 2012, a total of which 78% was generated from casinos. Nikki Forster, PwC’s gambling leader, highlighted casinos as the gambling market leader in the country, with the market for limited pay-out machines (LPMs) “far below” its potential as the opportunity remains for more to be installed. “The casino market has virtually reached its maturity with 38 out…

iGaming Business – Gaming products designer and manufacturer International Game Technology (IGT) has reported a 9% rise in total revenue for the 2013 fiscal year following significant growth in social gaming sales. IGT said total revenue for 2013 was $2.3 billion (€1.7 billion), up from the $2.2 billion recorded in 2012, despite having only recorded slight revenue growth in the fourth quarter of this year. The figure was boosted by social gaming revenue, which grew to $219 million, a 151% rise. Social gaming also grew by 72% in the fourth quarter alone. Operating income at IGT grew to $494 million,…

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