Archive | Gaming industry news

Merger Between Two Gaming Powerhouses Makes Headlines

Merger Between Two Gaming Powerhouses Makes Headlines 300x214 Merger Between Two Gaming Powerhouses Makes HeadlinesIn a recent announcement, lottery giant GTECH has purchased slot machine manufacturer International Game Technology (IGT) for a whopping $6.4 billion dollars. The merger will result in a newly formed holding company within the United Kingdom. Italian based GTECH will assume $1.7 billion of debt, and pay an additional $4.7 billion in cash and stock for the acquisition.

The merged companies will continue to operate under the name of GTECH and will continue with their main quarter headquarters in the United Kingdom as well as operating headquarters in Las Vegas, Providence, R.I., and Rome.

IGT is already the gaming industry’s largest manufacturer, and this merger will significantly increase their power and presence within the gaming world. IGT is best known for their slot machines, game library, innovative operating capabilities, as well as their powerful manufacturing division. When this is combined with GTECH’s lottery technology, lottery services, and gaming operations—they are a force to be reckoned with.

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Online Casinos In New Jersey Continue to Disappoint on Revenue

Online Casinos In New Jersey Not Garnering The Success They Were Expected To Achieve 300x200 Online Casinos In New Jersey Continue to Disappoint on RevenueIn an effort to capture much of the lost revenue from Atlantic City, New Jersey launched online gambling in November 2013. Many struggling Atlantic City casinos had high hopes that the addition of online gambling would keep them from closing their doors, but the results are not living up to the lofty initial expectations.

While the number of online gaming account holders increased 8% from May to June 2014, and has more than tripled since December, overall revenues have not followed the same trends. In fact, revenues have been on the decline for three months in a row.

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Here’s What Happened This Week in mGaming

Here’s What Happened This Week in mGaming 300x180 Here’s What Happened This Week in mGamingHere are some of the top stories in mobile and online gaming that we’ve been monitoring in recent days.

In 2006, the Macu Gaming Inspection Bureau announced that Macu beat out Las Vegas as a gambling touring destination. Many thought this was the sign of more years to come, but gambling in Macu has been on the decline. The primary reason for this decline is China’s prohibition against promoting gambling that makes it challenging to reach Macu’s target audience.

Many believed that 2014 would be the year that many states across the nation would finally adopt some form of legalized online gambling. With the first three states of Delaware, New Jersey, and Nevada hopping on the bandwagon as quickly as they could get all of their ducks in a row last year, many predicted a domino effect of sorts for this year.

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Online Gambling Not Catching On As Quickly As Predicted

Online Gambling Not Catching On As Quickly As Predicted 300x199 Online Gambling Not Catching On As Quickly As PredictedMany believed that 2014 would be the year that many states across the nation would finally adopt some form of legalized online gambling. With the first three states of Delaware, New Jersey, and Nevada hopping on the bandwagon as quickly as they could get all of their ducks in a row last year, many predicted a domino effect of sorts for this year.

Well, those folks are still waiting. So what happened exactly?

There are several things that have delayed the 7 or so states who are seriously considering legalizing online gambling. While many states see the earnings potential in gambling taxes to be quite impressive, others prefer to wait and see how Delaware, Nevada, and New Jersey work out kinks in regulation and consumer adoption.

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Here’s What Happened This Week in mGaming

Heres What Happened This Week in mGaming 268x300 Heres What Happened This Week in mGamingHere are some of the top stories in mobile and online gaming that we’ve been monitoring in recent days.

Warning labels are profuse across the human existence, but now they come attached to an entirely new practice – online gambling.

A new infographic from the folks at Right Casino is providing some critically important insight into the impact of online gambling on the British population.

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Online Gambling On The Decline In Spain—Or Is it?

Online Gambling On The Decline In Spain—Or Is it Online Gambling On The Decline In Spain—Or Is it?While online gambling has been available for many years, it has only been legal in Spain since 2011. When Spain legalized online gambling, gamblers were only allowed to gamble on regulated online casinos that could be identified by having a “dot-es” domain.

While the goal was to make regulated online casinos easy to identify, a recent study conducted by the CODERE Foundation in Madrid indicates that 43% of online poker players in the country continue to play on non-regulated (aka. non-dot-es) websites.

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Infographic: Assessing the Impact of Online Gambling on the British

Infographic Assessing the Impact of Online Gambling on the British Infographic: Assessing the Impact of Online Gambling on the British A new infographic from the folks at Right Casino is providing some critically important insight into the impact of online gambling on the British population.

Based on the data presented, the online gambling market in the United Kingdom has surpassed £2 billion in value.

And it’s only growing bigger.
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European Commission Wants to Slap Warning Label on Online Gambling

European Commission Wants to Slap Warning Label on Online Gambling European Commission Wants to Slap Warning Label on Online GamblingEuropean Commission Wants to Slap Warning Label on Online Gambling

Warning labels are profuse across the human existence, but now they come attached to an entirely new practice – online gambling.

According to news reports out of Europe, the European Commission wants countries to compel those behind online gambling ads to present a clear and unmistakable warning label analogous to those found on alcohol and cigarette packages.
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Online Gambling’s Impact on Internet Privacy Comes into Focus

Online Gambling’s Impact on Internet Privacy Comes into Focus Online Gambling’s Impact on Internet Privacy Comes into FocusWhen surfing the Internet, we all expect a certain level of anonymity. While we all know that our IP address can be recorded, as well as data gathered from web browsers, we all expect to have much of our personal information protected. In fact, there are many laws in place designed specifically for online consumer privacy. However, online gambling is changing internet privacy once and for all.

In order to offer online gambling, each state must ensure that their approved online gambling sites have built-in security features to ensure that gamblers are both of age, and from within the geographic boundaries of that particular state. While these protocols are essential and logical, it also means that more personal consumer information must be gathered by doing far more than typing an age or address into the appropriate on-screen fields.

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mGaming: The Week’s Top Stories

mGaming The Week’s Top Stories7 mGaming: The Week’s Top StoriesHere are some of the top stories in mobile and online gaming that we’ve been monitoring in recent days.

For generations, casino games and entertainment icons have gone hand-in-hand. The same is now true in the digital age of real money gambling.

mGamingWatch learned this week that Foxwoods Resort Casino has appointed Franco Pilli to the position of Senior Vice President of Player Development and Casino Marketing.

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