The Italian gaming authority said on Thursday that the absence of a major summer football tournament in 2011, alongside the “negative effects” of match-fixing, hindered Italy’s football betting market last year, with total stakes down almost 15 percent.
Analysts at Numis Securities praised a set of “excellent” full-year results from 32Red on Thursday, as the Gibraltar-based firm announced that it has applied for a remote gaming licence in Italy.
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”.
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.
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.
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.
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.
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.
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).
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.