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GamblingCompliance

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Industry Fundamentals Intact Despite IGT’s ‘Sluggish’ First Quarter, Say Analysts 25 Jan, 2012

After Reno-based slot machine manufacturer International Game Technology (IGT) reported softer than expected sales for the fiscal first quarter, analysts at Deutsche Bank claimed that the firm’s “long-term story remains intact”.

Australian Gambling Reform a Positive For Industry, Say Analysts 24 Jan, 2012

The Australian government’s recently announced gambling reform package has been labelled “a positive for the industry” by analysts at Deutsche Bank who believe that the trial of a pre-commitment system for poker machines increases the likelihood that it will never be introduced.

Cash Poker And Casino Games Prop Up Italy’s Online GGR 23 Jan, 2012

Following a period of stagnation in the first six months of the year, the July introduction of cash poker and casino games to Italy’s online gaming market helped grow annual gross gaming revenues in the sector by 6.6 percent to €735.4m in 2011.

William Hill’s ‘Strong Volume Momentum’ Pleases Analysts 19 Jan, 2012

The release of William Hill’s fourth quarter trading update on Thursday drew praise from the analyst community, as a noteworthy over-the-counter (OTC) performance in the last three months of 2011 corresponded with continued online momentum.

Pennsylvania Usurps Atlantic City As Second Largest US Gaming Market 19 Jan, 2012

Boosted by double-digit growth from seven of its ten casinos and racinos, Pennsylvania’s gaming market surpassed the gaming revenues generated in nearby Atlantic City for the second straight month in December.

Paddy Power Mobile Strength To Aid Upgrades In 2012, Say Analysts 17 Jan, 2012

A note to investors from the analyst team at Goodbody has claimed that Paddy Power remains undervalued by the market, predicting that the Dublin-based bookmaker will continue its sector outperformance from 2011 into the New Year.

China Lottery Sales Soar To $35bn In 2011 13 Jan, 2012

Figures that China’s Ministry of Finance released on Friday show that China’s lottery duopoly generated sales of 22.48bn yuan ($3.56bn) in December, capping off a stellar year during which combined lottery revenues from the Welfare and Sports lotteries jumped 33.3 percent to 221.58bn yuan ($35.14bn).

Baccarat Play Stokes Vegas Strip Revenue Growth 12 Jan, 2012

Las Vegas Strip gaming revenues jumped 9.0 percent in November to $495.3m, as casino operators took advantage of higher visitation, increased volumes and a healthy luck factor at the baccarat tables.

Analysts Play Down Atlantic City’s Seasonal Cheer 11 Jan, 2012

While this week's news of an increase in December gaming revenues in beleaguered Atlantic City may appear to represent a Christmas miracle, analysts believe the market’s first growth since August 2008 can be explained by a very favourable prior year comparable.

Deutsche Bank Anticipates ‘Mass Market Year’ In Macau 10 Jan, 2012

In a comprehensive overview of the Macau casino gaming market, analysts at Deutsche Bank have predicted that, in a reversal of prior year trends, growth in mass market gaming revenues will outpace that of the VIP sector in 2012.

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