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The rollercoaster ride for Detroit's casinos continued in 2016, as they witnessed growth in February by +1.7%, and now in March by +0.8% after year-on-year drop in January (-1.8%).

As per numbers released by Michigan Gaming Control Board, three casino generated $350.4 million in the year's first quarter, showcasing an improvement of 0.3% as compared to Q1 2015. 

Out of the $124.9 million revenues collected by Detroit's casinos in the last month, MGM Grand accounted for $51.8 million (+4%) of it, followed by MotorCity with $43.7 million (+0.6%), and then Greektown with $29.4 million (-4%).

At the moment, MGM controls 41% share of Detroit’s casino market, while MotorCity and Greektown have 35% and 24% respectively.

In the first quarter of this year, MGM Grand collected $145.7 million in revenues, an increase by 1.5% in compariosn with 2015. While MotorCity Casino too posted a positive result with an increase by 0.6% to $121.2 million, Greektown Casino reported a decline in business by 2.1% at $83.5 million.

A cool $28.4 million was collected by the state in the form of gambling taxes. Last year, casinos in Detroit produced $1.38 billion in revenues, which was better than the year before by 3.3%. Slot machies and table games contributed with 85% 17% from table games respectively to it.

This led to a $174.3 million being paid to the state in gaming taxes. While there is a clear finacial crunch in detroit, the casino marker as been on the mend since the Q4 of 2014.

Alex Calderone from the Calderone Advisory Group had said the following back then:

“This is a business that is dependent almost entirely on discretionary income. Money that’s not spent at the pump is money that can be spent at the casino.”

Detroit Annual Casino Revenues:

2015: $1.38bn

2014: $1.33bn

2013: $1.34bn

2012: $1.42bn

2011: $1.42bn

2010: $1.37bn

2009: $1.33bn 

Eurobet Logo

Eurobet, the Italian operator, launched a series of mobile and desktop games that have been designed and developed by Play'n Go.

Customers of Eurobet will now be able to check out online slot titles such as ‘Gemix’, ‘Jewel Box’, ‘Lady of Fortune’ and ‘Energoonz’.

The launch of this new content came after the software provider completed Italian certification process.

Eurobet’s head of gaming Alfredo Melloni said:

“Play’n GO’s games are of the highest quality and we’re excited to be able to offer our players their full suite of content, be they mobile or desktop-based.” 

Johan Tornqvist, chief executive at Play’n GO, further added:

“Italy is a tremendously important market for us, and we’ve laboured hard and long over a period of months to provide partners like Eurobet with everything they need to ensure success.

“It’s just the start of our relationship but we’re certain it will bear fruit for many years to come.”

Wednesday, 23 March 2016 13:06

£250,000 Mega Jackpots Prize Draw with Mr. Green

Written by

2Untitled

This March, Mr. Green is offering their loywal player amazing promotions and a Mega Jackpot of a quarter of a million in cash is one of them.

When?

This promo is running between 11-28th of March 2016.

How can you participate?

You can be one of 10,000 payers to win a share of £250,000.

All you have to do is play the Mega Jackpots slot games and with every £10 played you will earn you a ticket for the power prize draw.

Terms and Conditions apply. For more info click here.

Wednesday, 23 March 2016 13:01

Easter Egg Hunt with Casino.com

Written by

Untitled

Casino.com brings you something different for every day for 10 days this Easter!

You can find sweet treats in your account every day and enjoy the extra play and fun.

Here it is what you can win every day starting today:

  • Wednesday 23rd - $/£/€5 bonus (Enter code EGGS in “My Account”)
  • Thursday 24th - 100% up to $/£/€200 (Deposit using code BASKET)
  • Friday 25th - Deposit $/£/€20 and play with $/£/€100 (Deposit using code SWEETS)
  • Saturday 26th - 20% upto $/£/€500 (Deposit using code EASTER)
  • Sunday 27th - 50% up to $/£/€1,000 (Deposit using code BUNNY).

This promotion is valid until the 27th of March 2016.

Have fun and good luck!

Terms and Conditions apply. For more info click here.

 

Unibet Logo

All Unibet shareholders and stakeholders had reason to smile post the annual financial results, as the company's gross revenues soared by 13.49% to £354.1 million in 2015. Unibet had collected £312 million in 2014/

In terms of profit, the company posted a neat again of  £69.7 for 2015, up 8.06% from the previous year. Q4 result, where revenues increased by 57% to £111 million and profits to £19.4 million, was the main reason behind the company's solid overall performance.

Speaking about the financial results, Unibet CEO Henrik Tjärnström said: 

“The focus on scalability across the Group has enabled us to deliver a new all-time high in underlying EBITDA for the quarter of GBP 27.1 million, up 47 per cent in GBP. Mobile was 56 per cent of gross winnings revenue compared with 51 percent in the third quarter.” 

Among Unibet's offerings, casino games, sports betting and poker generated of £171.6m, £161.2m and  £7.6m respectively. Apart from poker revnues, the remaining two verticals posted a growth as compared to 2014.

However, Unibet Poker remains the 14th best online poker site in the world in terms of traffic, with anaverage of 650 cash players over a 7-day period playing on it.

Thursday, 28 January 2016 09:53

US casino industry to generate $93 billion by 2020

Written by

Sheldon Adelson

USA's casinos are forecasted to generate revenues of approximately $93 billion in revenues by 2020 according to a report produced by Technavio with Faizan Akthar, the market research company’s lead analyst.

The report further highlights compound annual growth rate (CAGR) witnessed by America's tourist industry in the last couple of years. The gambling industry works in tandem with USA's tourism.

“The tourism industry in the country has recovered since the end of the economic recession, growing at a CAGR of over 7 percent until 2015.”

Las Vegas casino market has greatly benefited from a friendly visa policy, which was put in place in 2014. Chinese citizens can enter the country by applying for a 10-year multiple-entry visa.

Among the reasons cited by the report behind the growth of the US casino market is the country’s advanced and efficient transportation infrastructure and the incentivization fo the industry for boosting the economy.

As per Akthar, legalization of gambling in Nevada, New Jersey and Delaware has given a further push to the online casino gambling in the US.

“This segment grew by almost 212 percent in terms of revenue in 2015, indicating a trend that is set to make online gambling the future of the casino market in the U.S.. Virtual online casinos provide more protection to user transactions than real casinos offer because they offer access after multiple verification procedures.”

American Gaming Association’s (AGA) results state the American casino industry generated $81 billion in 2014, $67 billion of which came from gambling activities.

Interestingly, limited stakes slot machine gambling in restaurants and taverns too contributed for much of the growth that year.

 

Monday, 28 December 2015 19:12

Cherry Casino Cash Giveaway

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Cherry Casino Cash Giveaway

Cherrydec2015

Cherry Casino is rewarding their loyal players this Season with amazing prizes and cash giveaway.

Until the 3rd of January 2016 you get a chance to win one of the 12 prizes offered to you by Cherry Casino online.

 

Prizes:

Apple Stainless Steels Case Watch (worth €650)

Apple iPhone 6s Plus 16 GB (worth €800)

€500

€1000

€750

MacBook 256 GB flash storage, 8GB memory

Apple iPhone 6s Plus 16 GB (worth €800)

How to qualify?

Every €25 wagered in Happy Holidays during the promotional period, will award each player with2 raffle tickets to enter the draw

And, for every €25 wagered in Secret Santa, Santa’s Wild Ride, Santa Paws and Deck the Halls, will award each player with 1 raffle ticket to enter the draw

 

Terms and Conditions apply.

For more info click here.

Friday, 18 December 2015 19:19

LeoVegas Christmas Promotions!

Written by
Leovegasdec2015
 
When it comes to Christmas and New Year, very few industries can outdo online casino operators in terms of player offerings. These are indeed happy times for customers and casino enthusiasts.
 
With festive cheers in the air, LeoVegas decided to go one better than all its competitors to make sure all their customers will go laughing to the bank this December.
 
This generous online casino operator has come up with not just some of the most innovative but also rewarding promotions and bonuses this season.
 
Adding to the already popular first, second, third and fourth deposit bonus, LeoVegas designed additional promotions that are bound to please everyone including the discerning few.
 
Here we go!
 
Countdown to Christmas with £100k & 10 million spins!
 
This promotion continues until the last day of the year and is surely going to get your excited for what’s in store.
 
All you are expected to do is make a deposit and play through £20 or more. Yes, you read that right. You will then be automatically entered into the Christmas Cash Countdown.
 
Moreover, customers can choose to be part festive freebie at any time of their liking. However, one would recommend you to dive in right now in order to have the best chance of wining big.
 
Welcome 2016 with £100k in cash!
 
As the name suggests, let’s welcome the New Year by laughing all the way to the bank. This is a standout promotion by LeoVegas for this festive season. No complications, just a good old-fashioned promotion to make your day.
 
1 x £25,000
50 x £1,000
250 x £100
 
Make a deposit in your casino account anytime until December 30. You will be rewarded with a ticket to a random prize draw for every £10 that you wager. One thing that needs to be kept in mind is the more tickets you take, better is the chance of your walking back home with that fat bonus. So what are you waiting for?
 
 
 
Unwrap new Secret Santa Spins every day!
 
Now you can’t afford to miss out on this offer. Can you?
 
LeoVegas is awarding free spins at 14:00 everyday. This incredible offer is valid until December 24. Customers have to check their casino accounts everyday in order to unwrap the free spins by logging in. If this isn’t a secret Santa spin fest, what is?
 
 

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Tuesday, 01 December 2015 15:42

£100k & 10 million spins with Leo Vegas

Written by
Leovegasdec2015
 
What is the best way to celebrate Christmas? Playing your favorite slots and get a chance to win loads of cash and free spins. This season, Leo Vegas is offering you a chance to get all that!
 
Starting now until the 31st of December you can make a deposit and play through £20 or more and you will be automatically entered into the Christmas Cash Countdown promotion.
 
Christmas 100k Cash Countdown Prize Draw:
 
1. Each player will earn one raffle ticket for every £10 that he or she plays through on any game from 00:00 27th November until 24:00 24th December 2015.

2. Each player will earn two raffle tickets for every £10 that he or she plays through on any game from 00:00 25th December until 24:00 31st December 2015.
 
Prize structure:
1 x £25,000

50 x £1,000

250 x £100

 
Terms and Conditions apply.
 
Good Luck!
 
Make a deposit now and 200% up to £1,500 + 200 Free Spins.
 

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Wednesday, 18 November 2015 18:10

Bwin.party, Danske Spil renew supply deal

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Bwinparty Logo

Online gaming giant bwin.party decided to continue its association with Danish operator Danske Spil for its B2B supply.

As per the new deal, online gaming subsidiary Danske Licens Spil will be offered access to online poker and casino games of bwin.party.

The duo has been collaborating since January 2012. The renewed deal will extend their partnership till the end of 2019.

Commenting on this development, bwin.party chief executive Norbert Teufelberger said:

“Having supplied poker and casino games for Danske Licens Spil since January 2012 when the licensed market first opened in Denmark, we are thrilled that our Studios business unit has extended its existing relationship until the end of 2019.

“Danske Spil is the clear market leader in Denmark and we are delighted to be their supplier of online poker and casino games.”

Niels Erik Folmann, chief executive of Danske Licens Spil commented:

“The digital channel has become a meaningful part of our overall business and we are determined to grow it further over the coming years.

“Given our existing relationship and their proven technology platform, bwin.party was the obvious choice to support us in achieving our goal.”

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