Scientific Games “Well Positioned” to Dominate Global Gaming Industry
According to investment platform Seeking Alpha, gaming and technology supplier Scientific Games is well positioned to dominate the global gaming industry:
“Today’s global economic situation bodes well for SGMS. There’s a current global economic boom that’s bullish for gaming revenues, and gaming revenues are growing. […]
Tough regulation creates a high barrier to entry in the gaming business and Scientific Games has a dominant foothold with new games and innovative technology.”
Only one of Scientific Games’s current lottery contracts, moreover, is set to expire within a year, while the rest are multiple years away.
OPAP Hit by Tax Increase
Greek gaming and lottery operator OPAP reported a decrease in earnings and net profit after the Greek government increased the company’s tax rate from 30% to 35%.
Net gaming revenue in the second quarter amounted to €125 million, down 17.7% percent on the same period last year, while earnings dropped by 26.5% to €68 million and net profit was down by 36.4% to €33 million.
Lottery spending was up only 0.2% to €207m
Had OPAP’s tax rate remained the same, it would have seen profit increase by 2.1% year-on-year in the quarter, the company claimed.
Lottoland CEO: “Millennials Driven by Large Jackpots”
According to Nigel Birrell, CEO of secondary lottery provider Lottoland, large jackpots are the surest way for lottery operators to connect to a younger generation of players:
“It really is driven by jackpots. I wouldn’t mind winning $10 million but that seems boring for young people these days. When the big $100 million comes out that’s when we see traffic. […] They want to have their chance to change their lives.”
South Korean Lottery Sales Spike Thanks to Online Demand
Figures released by the Korean Ministry of Strategy and Finance show that sales of lottery tickets reached KRW1.89 trillion (€1.53b) in the first six months of the year – a 6.9 percent spike compared to the same period last year.
Strong demand for online lotteries was the main factor in the overall growth. Online lottery ticket sales in the country rose 8.2 percent in the January-June period, while offline sales suffered a precipitous 15.7 percent drop.
Lotto Baden-Württemberg Reveals New Website
Lotto Baden-Württemberg has launched its new website. “The new website is another step in our long-term digital strategy,” the operator’s CEO Marion Caspers-Merk said. “It offers many improvements and a real added value to our online players.”
Caspers-Merk emphasized that despite the statutory state monopoly, the German online lottery sector is highly competitive: “Almost every other online player is making use of illegal operators, often without even knowing it. We should educate these players and offer them an alternative that is both attractive and legal.”
Daisycon Launches Dutch Lottery Comparison Tool
Affiliate network Daisycon has launched a lottery comparison tool. The comparison tool provides an overview of the most important Dutch lotteries. Publishers can easily integrate the tool into their website, free of charge. For every visitor who uses the tool to buy tickets for a single draw or a subscription, the publisher receives a fee.
With the growing importance of digital communication, affiliates have become an important tool for lottery operators to acquire new customers.
Daisycon built its comparison tool in anticipation of new lotteries entering the regulated Dutch market, which is expected to happen in 2017. “Naturally, consumers will want to compare the new entrants to the long-established operators. With our new comparison tool, players can easily select a lottery that suits them best, based on factors such as jackpot size and charity contributions,” a spokesperson for the company said.
A Buddhist monk from Thailand won a lottery jackpot after the draw’s lucky numbers were “revealed” to him while meditating.
A Lower House special committee in Brazil has advanced the country’s proposed gambling bill.
Lottery operator British Columbia Lottery Corporation (BCLC) has paid out the largest ever online lottery prize in Canada after a BC resident won CA$21m.
Canadian lottery supplier Pollard Banknote has won a four-year contract worth US$11.2m to continue serving as the primary scratch game supplier to the Minnesota State Lottery.
Hong Kong-listed lottery supplier AGTech Holdings has sealed deals to roll out new Sports Lottery terminals across five Chinese provinces and municipalities.