November Online Gambling News Round Up
In the UK, operators celebrated news of increased earnings, but dread the year ahead. On the other side of the ocean, Americans igaming interests were barraged with bad news.
Here are a few of the November igaming headlines you might have missed.
UK Operators Report Growth – According to CalvinAyre.com, licensed UK operators reported a massive 22% revenue jump in 2014. That good news is tempered by the fact that Britain’s new 15% point-of-consumption tax kicks in next year and could wipe out much of that new revenue.
China and Malaysia Team Up on Online Gambling Fight – Law enforcement officials in China and Malaysia are combining forces to halt the spread of online gambling in their part of the world. The joint effort is designed to put a halt to offshore servers that cater to gamblers in other countries.
Ultimate Drops Nevada Online Poker – Ultimate Gaming, the first company to launch legal online poker in Nevada has shuttered its online operations. According to reports, the company found catering to a single state to be more expense than it was worth.
New Jersey Loses Sports Betting Case – Bad news continues to pile up in New Jersey where lawmakers are fighting the good fight to legalize sports betting. In the latest of many blows, a Federal judge granted a restraining order to the professional sports leagues preventing the state from offering legal sports wagering at casino race tracks.
Atlantic City Casinos Post Gains – In a rare bit of good news from the Boardwalk Empire, Atlantic City casinos reported increased revenue for third quarter of 2014. Of course with so many of them shutting down, there’s definitely decreased competition.
PokerStars to Offer Sports Betting – Global poker icon Poker Stars is expanding its portfolio to offer sports and casino games. Company officials say the move could grab them a share of a $25 billion worldwide market.
Delaware Online Gaming Slump – In even more bad news from the American market, Delaware online casinos had one of their worst months to date. Revenue from the state’s three legal gaming sites in October was a paltry $130,469.