Monthly Archives: October 2013

Online Gambling Law challenged in the US Virgin Islands

Posted by admin on October 31, 2013
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The United States Virgin Islands had a vote to approve changes of the online gambling laws. The vote was in favor to change the laws and now the Internet Gambling Act is well on its way to being finalized within the Virgin Islands. The vote was passed with a 10-4 favor, this new act will be forwarded down to the governor to be signed. If the governor chooses to sign the law online gambling will be legal within the Virgin Islands.

If this new online gambling act is placed into law then the wall will challenge and change the USVI online gambling laws. These USVI Gambling laws acts as a monopoly effect within the islands.

This also allows the USVI to gain all of the commission from online gambling that is currently allowed in the Virgin Islands. This is something that effects the US Virgin Islands greatly as the commission go be going towards the better of the Islands.
Applications and Licensing fees for online gambling operators will cost them $10,000 for the application and $25,000 for the licensing fees. If approved all online gambling operators in the US Virgin Islands will have to pay a 1.5% tax.

The US Virgin Islands has technically had online gambling legal since 2001. The only problem was that the USVI had total control of who got to operate as a online casino and that gained all of the profits. This new legislation will allow for the islands to gain the profit and better the 106,000 people who live their.

New Star Wars Slot Released By SG Gaming

Posted by admin on October 31, 2013
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SG Gaming announced today that they have released a new slot machine for land based casinos based on the movie “Star Wars: A New Hope”

Star Wars: A New Hope is the first star wars film to ever be created. This movie completely changed the science fiction world. Star Wars has six different movies with five more in productions, dozens of books, comic books, video games and so much more. It is one of the largest brands to ever be created. This game has a five hundred dollar community bonus for all bingo and arcade clubs that purchase this slot machine. You will also be able to access a Star Turn Bonus which will allow for players to multiply their winnings or win a variety of other bonuses.

The director for SG Gaming Rick Mountney commented on this new slot saying, “Our development team has created one of the best slot machine games our company has ever released. We expect our Star Wars slot machine to become popular over a short period of time. We know that the fans expect the classic Star Wars experience from our new slot and that’s exactly what you will receive.

The development team worked hard on preserving the magic of Star Wars: A New Hope.” He also said that we know that our customers and fans want the best out of us. As we continue to work on future projects we will work hard on creating the next best slot machine games.”

Strong revenues for NetPlay TV

Posted by admin on October 02, 2013
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Strong revenues for NetPlay TV
The financial results from the NetPlay TV for the first half of the year 2013 were just released. The NetPlay TV is one of the largest interactive TV gaming companies from the UK. They are able to offer an extensive set of online gambling services that can be played straight from your TV, on the internet or by using your mobile phone.
One of the thing you can notice regarding the financial results for the current year is that both the revenues and the profits are going up.

The net revenue increased by 36% and went up to £14.2 million. The EBITDA has also seen a nice increase of 17% up to £2.7 million. An interesting thing is the fact that there is also a great increase of profit before the taxes. It went up by 47% and reached £2.3 million.
Since NetPlay TV is a publicly traded company at the London Stock Exchange the interim dividend paid went up by 20% and reached £0.18 per share.

Another interesting data about this company is represented by the key performances indicators at the online casino that they are running.

This way the number of new players that are making a deposit has seen an increased over the last year of 31% and reached 32K new players. Also the number of active depositing players went up to 29K and this is a 32% increase.

Another interesting thing to note about the key performances of the casino is the fact that the wagering which is done via mobile devices has now reached 28% of the net revenues and also 34% of the new depositing players are using mobile devices in order to wager online.

This brand new online marketing strategy is able to deliver some positive results and a strong growth of all the key performance indicators.

Charles Butler, which is the Executive from NetPlay TV says that he is pleased to announce a continuous growth of the businesses they are doing right after the year 2012 proved to be very good for the company also. One of the reasons why the key performance indicators went up was thanks to the investment made in the mobile gambling software which manages to get a bigger part of the pie, especially since in the first 6 months over 28% of the net revenue came from the mobile gambling.

Strong Growth for 32Red during the first half of 2013

Posted by admin on October 02, 2013
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One of the best online gambling websites out there 32 Red, has just released the financial data for the first half of 2013 and one thing that can be noted is that everything looks good for them. Along with the popular online casino there are also other things available such as: arcade games, mobile casino, live casino, poker, online bingo and sports betting, all of which is Microgaming powered.

The mobile operations are now accountable for 17% of the revenue, while last year they were only 8%. The total sales are up by 15% and go up to £19 million. There are also 34% more active players at the online casino and their number is 42,455.

The profit before the tax is up by 12%, while the earnings per share are up by 11%. Another great financial indicator of 32 Red is the cash on hand, where at the end of June 2013 they ha £6.4 million which is up by 60%.
The company official said that the strategy of the company is going to remain to invest the money in marketing and to focus on being able to offer one of the best user gambling experience for both the new players and the existing ones also. And at the same time they are also planning to developing their business in Italy.

The great diversity of gambling services available at 32 Red were definitely one of the major things that helped them have a good growth in revenues.

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