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VIRTUE FUSION BEST ONLINE BINGO SOFTWARE AWARD
Voted the best by industry Football Live Betting Odds Online Bingo NFL Odds members
Playtech's internet bingo developer Virtue Fusion won Best Online Bingo Software for the third year in a row at the Online Bingo Industry Awards in recognition of its best-of-breed products.
Award winners were determined by votes from over three hundred industry delegates and attendees at the Sixth Online Bingo Summit held at the Victoria Park Plaza in London.
Rob Keown-Boyd, Commercial Director, Virtue Fusion said: “Virtue Fusion’s continued success at the Online Bingo Industry Awards further consolidates our reputation as the leading name in the market.
“It is extremely satisfying to have won this award for the third consecutive year, especially as the votes come from key members of the industry itself. We are pleased that once again our efforts haven’t gone unnoticed by our peers and will continue to build on this success in the year ahead.”
EVERYMATRIX PARTNERS WITH OLYMPIAN TRADING
Deal provides sportsbetting, gaming and bingo to multiple online brands
Olympian Trading Limited, parent company to IAM Corp who represent multiple online gaming brands including GR88.com and Bulldog777.com has entered into an agreement with gaming software firm EveryMatrix for the provision of its OddsMatrix sportsbook, GamMatrix gaming management platform and RakeMatrix bingo network.
The GamMatrix gaming management platform will enable the seamless integration of third party casino products from Microgaming and CTXM as well as poker from Merge.
The online gaming brands represented in the deal will offer mobile sports betting via the new OddsMatrix Mobile Sportsbook set for launch late July 2011.
Peter Karroll, CEO, IAM Corp said: “IAM Corp is extremely excited to embark on this new adventure and partnership with the EveryMatrix products, working with them not only for the current brands but also for the future IAM Corp clients who wish to enjoy the most efficient and experienced turnkey online gaming operations available anywhere in the world.”
PADDY POWER POSTS STRONG YTD RESULTS
Online revenues show solid growth with UK and Irish mobile gambling up 298 percent
Irish bookmaker Paddy Power announced in an Interim Management Statement that its strong momentum continues into 2011 for the period 1 January 2011 to 15 May 2011 (YTD).
Key performance indicators include:
- Group revenue up 21 percent year to date
- of which 33 percent growth in online revenues and 7 percent growth in retail revenues.
- UK and Irish online business:
- paddypower.com's online sportsbook performed strongly with total amounts staked up by 46 percent.
- amounts staked via mobile showed a 298 percent growth with 34 percent of its active customers transacted via mobile.
- Sportsbook Gross Win up 60 percent
- Gaming/B2B Gross Win up 26 percent
- Australian online business:
- Amounts staked up 7 percent
- Gross Win up 13 percent
Nigel Northridge, Chairman, Paddy Power PLC said "The comparative period for the remainder of the year benefited from the football World Cup, as well as very favourable sports results. However, the strong underlying momentum in the Group should help to offset these factors, and consequently the Board looks forward to the balance of 2011 and beyond with confidence.”
AAMS AND ARJEL IN COLLABORATION
Italian and French regulatory bodies in co-operation agreement
The Italian regulator AAMS is due to sign a memorandum of understanding with French regulatory body ARJEL in the near future, tmnews.it reported this week.
The memorandum seemingly covers various issues including the exchange of information on licenced operators, player protection, defending the integrity of sport and the fight against unlicenced operators.
AAMS and ARJEL have refuted media speculation that the agreement may lead to a shared liquidity over the two jurisdictions.
UNIBET POSTS STRONG Q1/2011 RESULTS
Company performs well across all its major markets
Malta-based online gambling and betting company, Unibet Group plc delivered another strong quarter in its interim report for the period January to March 2011.
The company's withdrawal from France represented 23 percent of gross winnings revenue in 2010, yet the company still posted a growth of 16 percent in gross winnings revenue during its first quarter 2011 and has shown a gain in market share in the Nordic region.
Key performance indicators for first quarter 2011 include:
- Gross winnings revenue amounted to GBP 37.5 million (Q1/2010: 41.8 million)
- Profit from operations amounted to GBP 11.2 million (Q1/2010: 10.6 million)
- Profit after tax amounted to GBP 10.0 million (Q1/2010: 9.5 million)
- Number of active customers at the end of the quarter was 328,054 (Q1/2010: 379,473)
- Gross winnings revenue for sports betting amounted to GBP 15.4 million (Q1/2010 17.6 million)
- Gross winnings for other products amounted to GBP 22.1 million (Q1/2010: 24.1 million)
- Live betting accounted for 57 percent (Q1/2010: 52 percent) of turnover on sports betting, excluding Free Bets
Henrik Tjärnström, CEO of Unibet said: "I am pleased to announce that the first quarter of 2011 was another strong quarter for Unibet were we have continued to perform well across all our major markets fully in line with our strategy.
“In the Nordics the growth year on year was 24 per cent which shows that we are gaining strong market share. The rest of the business has also grown well especially considering that France represented 23 per cent of the gross winnings revenue last year. "
The company's strategy for the next three years will see it re-focusing on core markets such as the Nordics and delivering a profitable growth even as Europe's markets develop and re-regulate.
“I expect consolidation within our industry to develop further, and we continue to evaluate opportunities that enhance shareholder value. Options for controlled growth in new regions are also constantly under review, with Unibet focusing on regions with high potential for long-term profitability,” Tjärnström added.