The market size of online casinos is steadily increasing each year. According to Statista, in 2009 the sector was worth $24.73billion, and that rose to $45.86 billion last year. A report from Yahoo finance detailed how the market is projected to expand at a compound annual growth rate of 10.8% by 2024. There is a strong correlation between the booming online casino industry and the equally successful mobile market, and the two will work hand in hand to gain even more revenue this year. Even with the advent of virtual and augmented reality, wearable technology devices, and super-advanced computers, the…

New Jersey recorded further online gambling revenue growth during November, despite greater losses in its land-based casino market. Revenue from online gambling in the US state amounted to $17.2 million (€16.5 million) in the month, 29.9% more than the $13.2 million posted in November of last year and higher than the $16.2 million generated in October this year. Casino win in the state came in at $180.1 million, down 5.8% on $191.1 million collected in the corresponding month last year, and also a drop on the $184.6 million posted in October. As a result, total gaming win for the state…

Rafi Ashkenazi, interim chief executive of Amaya, has said that the company was able to record year-on-year growth across a host of key finances during the three months through to March 31, despite having had to contend with a number of “unexpected challenges” in the period. Revenue in the first quarter amounted to $288.7 million (€254.8 million), which represents an increase of 6% on the $272.3 million posted in the same period last year. Adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) was up 8.7% year-on-year to $123.4 million, with net earnings from continuing operations rocketing 138.5% to $55.5…

NetEnt has cited a continued growing demand for digital casino entertainment and its products as amongst the main reasons behind widespread year-on-year financial growth across the business during the 12 months through to December 31, 2015. Full-year revenue amounted to SEK1.1 billion (€119.5 million/$134.9 million), which represents an increase of 33% on the SEK851.7 million achieved in the previous year. Operating profit hiked 53.5% year-on-year to SEK401.6 million, while operating margin increased from 30.7% to 35.5%. Elsewhere, profit after tax increased by 53.8% to SEK374 million, with earnings per share also jumping from SEK6.09 to SEK9.34 after dilution. Other key…

Per Eriksson, president and chief executive of Net Entertainment (NetEnt), has revealed that the company was able to achieve ‘strong’ year-on-year growth in the three months to June 30, with the firm now significantly better off than it was this time last year. Revenue in the second quarter of this year amounted to SEK271.2 million (€28.9 million/$32.1 million), up 32.3% on the SEK205 million that the firm posted in the corresponding period last year. Operating profit in the second quarter also grew 63.3% on a year-on-year basis to SEK92.7 million, with operating margin improving from 27.7% last year to 34.2%…

The New Jersey Division of Gaming Enforcement (DGE) has revealed that the US state’s regulated online gaming market experienced further year-on-year growth during the month of April. Online gaming revenue from operators in the state amounted to $12.6 million (€11 million), up 11% on the same month last year but slightly down on the $13.2 million achieved in March of this year. The Borgata interactive gaming licence, which includes the Borgata, PartyPoker and Pala Interactive online gaming operations in New Jersey, continues to lead the market with approximately $4 million in revenue. The DGE noted that total online gaming revenue…

Ekathimerini – Greek gambling monopoly OPAP, one of Europe’s biggest betting firms, said it expected revenue to grow by a double-digit percentage this year, thanks to the planned launch of new games. The forecast was included in a presentation released on Wednesday, a day after the company announced higher-than-expected first-quarter profit due to cost cuts and the robust performance of its sports betting game Pame Stoichima. OPAP, whose sales reached 3.7 billion euros last year, launched a scratchcard game on May 1. Chief Executive Kamil Ziegler said on Wednesday that the company would also expand into online sports betting by…

Black Friday and its aftermath have had quite an impact on the growth of poker and the US gambling market, poker in particular. The regulations which forced some of the biggest poker sites to leave the United States caused numerous problems, financial and otherwise, for sites and players who depended on the poker income. But it also left a big gap waiting to be filled once the required regulations are passed and the climate becomes more favorable. During the last year or so, things started to change for the better from that perspective, with a couple states passing acts and…