Category: Online Gambling Stories
Social Gaming Sites Face Hurdles from UIGEA
The Unlawful Internet Gambling Enforcement, or the UIGEA, is a slick bit of con work by US politicians. Attached to a terrorism bill called the SAFE Port Act in 2006, the UIGEA was a last minute addition to a must-pass security measure. The manner in which the UIGEA was passed was borderline criminal. Political stooges like Senator Bill Frist on Tennessee and Representative Bob Goodlatte of Virginia pushed for passage of the UIGEA, not because it was the will of the people… but the will of their political donors. The UIGEA prohibits gambling businesses from “knowingly accepting payments in connection…
Gaming industry trends: Apps gaining momentum
RGJ.com – From grocery stores to government agencies, there seems to be an app for nearly every entity. It comes as no surprise, then, that mobile apps are beginning to spill over into casino gaming. How far mobile gambling may go remains to be seen — and depends on state laws. According to the Nevada Gaming Control Board, poker and sports betting are the only forms of remote mobile app-based gambling currently legal in Nevada. For example, in Nevada, it’s possible to view the entire William Hill US sports book wagering menu on a mobile device and place bets from…
William Hill launches Android app to follow up iOS download success
iGaming Business – William Hill has launched its Android application and will include live streaming of horseracing and in-play radio as part of its mobile betting offering. The app complements the bookmaker’s iPhone version, which has been downloaded 1.5 million times, the group said. Juergen Reutter, operations director at William Hill Online, said the Android app was “a significant and important milestone in our goal. Mobile is growing phenomenally quickly and is a fantastic way to engage with our customers anytime, anywhere”. “The success of the iOS app has been breathtaking – reaching 1.5 million downloads is a very proud…
U.S. Online gaming still finding its legs
Las Vegas Review Journal – Lost in the heated rhetoric over the expansion of Internet gaming is a harsh reality. Legal online wagering has not been the financial windfall many analysts predicted. Initial returns from the three states that enacted Internet gambling laws are not overflowing the balance sheet. New Jersey’s online revenue is a letdown. Delaware’s figures are inconsequential. Nevada won’t break out online poker revenue on a monthly basis until at least three websites accept bets. The third site was unveiled last week, meaning February’s statewide gaming revenue totals — which won’t be known until late March —…
Tiny minority of mobile gamers contribute 50% of in-game revenue
iGaming Business – Mobile applications relationship marketing specialist Swrve has reported that just 0.15% of mobile gamers account for 50% of the monthly revenue from in-game purchases. In the company’s first ‘Mobile Games Monetization Report’, Swrve said that this finding means that the vast majority of players deliver no revenue, thus reiterating the importance of acquiring and retaining users in the “high spender” category. Swrve also said that 50% of revenue is derived from the top 10% of those players that do make purchases. In addition, just 1.5% of players active in the month surveyed made an in-app purchase during…
32Red boosted by mobile revenue growth
iGaming Business – Online gaming operator 32Red has cited the growth of its mobile business as a key factor behind its fourth consecutive year of record gross gaming revenue and underlying EBITDA in the 12 months to December 31, 2013. In its final results for the year, 32Red reported that total gross gaming revenue increased 21% to £38.8 million (€46.9 million/$65 million) in 2013, which in turn led to a 15% rise in total net gaming revenue to £25.4 million. Underlying EBITDA totalled £5 million in 2013, a growth of 46% on the £3.4 million recorded in the previous year….
















