U.K.-listed Playtech Holdings has cut its forecast for revenue from Asia this year due to a clampdown in Malaysia and increasing competition in China.
UK-listed gaming supplier Playtech has become the monopoly provider of RNG casino games in Philippines, after gaining PAGCOR’s first and only Gaming Software Provider certification, Calvin Ayre reports. In a memorandum dated September 26 obtained by CA, PAGCOR announced that Montford Inc. has been certified as a Gaming Software Provider for Philippine Offshore Gambling Operator […]
An influx of new third-party suppliers is driving intense competition in Asia’s online gambling space, with a ferocious price war driving what some onlookers are describing as an unsustainable “race to the bottom.” The most high-profile casualty of the harsher competitive landscape has been Playtech. In July, the Isle of Man-headquartered company issued a profit […]
Increasing competition in Asia, coupled with a competitive pricing environment has pushed down revenue expectations for online gaming supplier Playtech. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop… This market has seen a particularly aggressive pricing environment from new entrants to the market and this has […]
Shares in London-listed Playtech plunged in Thursday trading after the group warned that the ongoing crackdown on illegal gaming in Malaysia continues to affect profit. The stock was down more than 12 percent in early trading, before recovering some ground by late afternoon. Average daily revenue in its gaming division for the first 51 days […]
The final winners in the Asia Gaming Awards were announced last night at a stunning Gala Dinner and Award Ceremony held at The Venetian Macao. The Asia Gaming Awards, hosted by Asia Gaming Brief in association with G2E Asia and The Innovation Group, recognized the best of the best in ten Award categories spanning the […]
Playtech has given up its planned £460 million acquisition of online contracts broker Plus500, the company announced. Agreed in June, the acquisition of London listed Plus500 has met several regulatory delays. Last Wednesday the UK Financial Conduct Authority detailed to Playtech that due to “certain concerns raised” it would have push back its assessment of […]
Gambling technology provider Playtech has extended its games supplier partnership with Coral by launching a dedicated live dealer casino games area for the operator. Designed to boost Coral’s omni-channel offering, the live dealer area will be available in online and mobile devices. Casino games will include Roulette, Blackjack, Hi-Lo and Baccarat. Playtech stated that the addition […]
Playtech Plc announced growth in all key areas, apart from online poker, in 15Q3 as the gambling technology provider recorded a 47 percent rise in group revenues to €170.9 million ($188.2 million) compared with €116.5 million in 14Q3. The company continues its strong 2015 momentum, recording 21 percent revenue uplift to €75 million for its […]
Playtech announced that it expects to complete its $105 million takeover of Ava Trade by the end of September or early October, but has encountered regulatory delays in its £460 million ($712 million) acquisition of Plus500 assets. Playtech expects the Plus500 deal to be finalized by October but due to the profile of its acquisition […]
Playtech announced that their 15H1 revenues increased by 33 percent to €286 million (US$322 million) compared with the same period last year. Profits lagged behind revenue but still improved by 16 percent from €97.6 million to €112.9 million. Third quarter revenues were slightly down from the same period in the prior year but were 16 […]
The rising popularity of slots and RNG table games is challenging live casino’s long-held reign as the dominant product vertical in Asia’s online space.
It wouldn’t be fair to say that anyone enquiring about the Asian gaming scene faces a wall of silence when it comes to the specifics of the market but there is an element of the-first-rule-of-fight-club about it all.
The global igaming industry has enjoyed significant regulatory breakthroughs around the world over the past year, but the emergence of a genuinely international sector is causing the world’s largest operators and suppliers to re-evaluate the role Asia plays in their revenue mix. Online gaming has, for much of the last decade, revolved around a white […]
Malaysia has launched a major crackdown on illegal gambling and this time says it will stamp out the practice for good, though some observers are less optimistic. They say without changes to the law to specifically target online activities, stamping out the problem may be a tough call.
If you’ve paid a visit to any of the major gambling exhibitions in the past few years it’s clear that live casino is viewed as the future of online gaming, supplanting software-generated games dictated by RNGs. It’s the realism and transparency that appeals to players. Cambodia has wasted little time becoming a live casino hub in the Far East with increasing numbers of casinos installing cameras and the necessary tech to cater to remote gamblers – particularly in China. Business is booming and other jurisdictions, such as the Philippines are also joining the party, with predictions for further expansion.
While the business of selling slots to casinos and online operators remains distinct, the two have been brought closer together in recent years by a new strategic approach which stresses the importance of offering consistency in product, payment and marketing - both in-venue and online. Omni-channel has been a favorite term on the industry conference circuit for some time now, but it appears to finally be having a tangible impact on the strategy and results of many of gaming’s biggest firms. We explore whether it will have the same impact in Asia.