Emboldened by a “pleasing” World Cup and positive early indicators resulting from its new Israel-based CRM team, Ladbrokes said on Tuesday that it is targeting a return to growth in online casino revenue in the second half of the year.
Consolidated U.S. regional gaming revenues slid 1.9 percent year-on-year to $6.93bn in the second quarter of 2014, as a higher contribution from the expanded Ohio racino segment failed to make up for weighty declines elsewhere.
UK bookmaking giant William Hill registered its steepest level of sequential online casino growth since 2009 in the first half of 2014, with a Vegas-led ramp in player activity serving to atone for a slightly sub-par 2013.
With Las Vegas revenue per available room (RevPAR) trending at its highest level since 2007, analysts at Macquarie believe the time is right for casino operators on the Strip to “raise the bar” in terms of room rates.
Online casino operator 32Red on Wednesday reported 21.7 percent growth in core casino net gaming revenue for the first half of 2014, with average revenue per customer static year-on-year after consecutive double-digit declines in 2012 and 2013.
The British Columbia Lottery Corporation hailed an increased frequency of new casino game launches as it reported 24 percent year-on-year growth in eGaming revenues to C$91m for fiscal 2014.
Coinciding with the World Cup group stage and the opening five days of Wimbledon, GamblingData’s Summer 2014 In-Play Tracker (IPT) survey saw bet365 cement its overall lead and Sportingbet and Unibet surprise in tennis and football respectively.
New figures released by the Czech Ministry of Finance show that consolidated revenues across the country’s gambling industry fell 2.5 percent year-on-year to €1.04bn in 2013, dragged lower by a weighty decline in takings from AWP machines.
In the wake of bet365’s announcement of market-defying 38 percent revenue growth in fiscal 2014, GamblingData analysis shows that the firm’s average yield per customer is as much as two and a half times greater than the rates exhibited by major UK-facing rivals.
Having significantly underperformed Bwin.Party in share price terms over the first five months of the year, 888 this week rallied to overtake its New Jersey online rival in a year-to-date comparison following the publication of a bullish trading update on Wednesday.