Connect with us

Industry News

Italian casinos see growth results

Published

on

Italian casinos see growth resultsReading Time: 1 minute

May was a fundamentally positive month for Italian casinos, four casinos achieved positive results in last month’s operations, while only one couldn’t reach the expected numbers.

Four of five casino hosts in Italy reported positive results during May’s operations. Campione d’Italia, the town on the south shore of Lake Lugano, was the only casino that didn’t achieve the expected results during last month’s operations.

The Gioco report shows that Casino di Sanremo on the Italian Riviera was the most profitable venue last month, as the operator achieved a total of €3.4 million in May. Last month’s results are 11.04 per cent higher than the same period last year.

Slots scored the highest revenue, with a 12.38 per cent increase to €2.7 million, while table games also reported largely positive signs: fair roulette rose to €14k, a 625 per cent increase. French roulette had a lower percentage hike but experienced higher absolute volumes to €388k and a 14.41 per cent rise.

Although, Casino Campione d’Italia is struggling due to its file for bankruptcy from the Como Public Prosecutor’s Office, a complicated situation that has only brought good news with the negotiations results between the company and trade unions on the reduction of labour cost, without using the 156 collective redundancies that were initially announced by the management company. So, it was the only venue that didn’t report growth.

 

Source: FocusGamingNews

Source: European Gaming Media and Events

Continue Reading

Industry News

Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

Published

on

By

Integration of EGT Global Jackpot with Winbet and Club King Marks Great SuccessReading Time: 1 minute

 

The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

Continue Reading

Industry News

New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

Published

on

By

New York State Lottery Reports Record Revenues for the 2018 Fiscal YearReading Time: 1 minute

 

The New York Lottery has recorded $8.2 billion in sales for the state fiscal year that ended in March 31, 2019. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state’s licensed video lottery locations.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators. The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery. The New York Lottery generated $3.47 billion in aid designated to support the state’s schools.

The lottery revenues are distributed to school districts according to the same formula used for state aid. A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13% of all state aid to education for 2018-2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

Continue Reading

Industry News

Spillemyndigheden Introduces Whistleblower Scheme

Published

on

By

Spillemyndigheden Introduces Whistleblower SchemeReading Time: 1 minute

 

Spillemyndigheden, the Danish industry regulator, has launched a new whistleblower scheme for the employees of gambling operators who wish to report evidence of money laundering.

Spillemyndigheden has detailed that employees can report a company’s violation or potential violation of the anti-money laundering legislation to the regulator via a dedicated, anonymous contact form which will then trigger a legal investigation. All submissions will be encrypted to ensure that submissions are secure.

In April, Spillemyndigheden has blocked access to 25 gambling websites after petitioning the country’s telecommunications providers. Danish internet providers have now been obliged to block access to ten igaming sites, in addition to 15 skin betting websites.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spillemyndigheden Introduces Whistleblower Scheme

Continue Reading
Advertisement
NSoft

Trending