Gambler's Report: Industry Financials and Online Gaming Regulation

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Social Gambling, Industry FinancialsThe online gaming industry has become such a vast opportunity as well as a social experience for individuals involved within the industry. Everything from conferences, seminars, meetups…you name it there is a gathering for it.

The genius behind Virtual Gaming Shows helps individuals to save time, travel and expense by organizing a venue that will host a the first ever virtual iGaming conference. The Virtual Gaming Show, an online meet-up for industry professionals everywhere, will be held on 11-12 September and is free to ‘attend’ for delegates who sign up via virtualgamingshow.com.

“Remember the frustration some of your staff encountered when they weren’t chosen to go to the last show? With the Virtual Gaming Show, everybody can come and for free,” said Virtual Gaming Show organiser Shay Shevach. “Forget flights, logistics, accommodations, taxis and food costs – just pay for your booth and show up.”

Attendees will be recognized by an Avatar to represent their brand and will have access to the online conference center which includes a lobby, a lecture hall and a VIP meet-up room, as well as five separate halls devoted to : Land-based Casino, iGaming B2B Services, Affiliates, Sportsbetting and Social/Mobile Casino.

Participants will be able to chat with others attending, see booths, participate in lectures and hangout at the bar.

Over 24 exhibitors have confirmed their involvement and a number of the industry’s biggest names are supporting the event, including Clarion Events, iGamingBusiness and CasinoCityPress.

The Social Gambling Conference is set to be help at the Dexter House in London, on 6th-7th November 2013. This is the conferences 2nd annual event and its posed towards the movement of social gambling as the market is set to rocket to $2.5 billion by 2015.

“2012 proved to be a resounding success for SGC and we wish to build on that for 2013” stated Alex Pratt, Head of iGaming Business. He adds “SGC 2013 will also arm attendees with the information that they need to move from Freemium models to real money”. 

Industry Financials

Paddy Power, the Irish bookmaker announced a strong mobile and online growth which reportedly favored a 12% year-on-year rise in pre-tax profits to €77 million ($103.2 million) in the six months until the end of June 2013.

Paddy Powers online net revenue were up by 29% to €243 million, generating an online operating profit of €57.5 million, this figure was up 19% on the corresponding period in 2012, not considering currency value fluctuations. With customers utilizing via mobile to conduct transactions for the sportsbook staking up 25% in online and 4% in retail on a like-for-like basis.

888 Holdings has touted the performances of its poker and casino divisions as key factors in a 7% year-on-year rise in revenue for their first half of 2013 which increased to $200.1 million (€149.5 million). The resulting increase was due to both online poker and casino transactions that skyrocketed the increase in business-to-consumer revenue, which grew by 8% to $177 million.

In other industry financial news, Playtech also reported a strong growth, stating a tripe digit increase or 15% year-on-year revenue growth in H1 2013. In the first six months the company reported a €176.8m revenue increase from the Asian market which represents more than 24% of the reported revenue.

The exponential growth of revenues in Asia increased by 41% which shadowed over the 7% and 21% from Europe and the rest of the world, its mobile channel alone recorded growth of 150% year-on-year, contributing revenue of €13.8m.

“As online gaming continues to focus on mobile, it is pleasing to see our investment in this increasingly important market paying-off across many product areas,” stated non-executive chairman Roger Withers.

Gambling Regulation, Looking at Perspectives

J.Todd is on board with the latest concerning the American Gaming Association’s plans to “scare the U.S. Congress into regulating our industry.”

An in parting words for this week’s Gambler’s Report we say, “If you must play, decide upon three things at the start: the rules of the game, the stakes, and the quitting time.

Until next time…

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