Aristocrat Leisure chief talks on internet and social gambling
Describing the margins in this type of venture as “phenomenal”, Odell pointed out that such sites have memberships in the millions, and once set-up and development costs have been met, operational expenses are relatively small – he expects revenue streams in the tens of millions of dollars over the next two to three years, and that the vertical will be a main contributor to profits over the longer term...(more)
This little-social-casino-that-could has over 14 million daily users and was recently sold to International Gaming Technology (IGT) for $500 million. All those users – and all that cash – is just icing on a cake that includes a ton of big time deals with land-based casinos and mobile app distributors.
There’s no question that DoubleDown is going to be a dominant player in the fast-growing social casino market for the foreseeable future, but how did they do it? Let’s take a closer look at how DoubleDown seemingly materialized out of thin air to become a social gaming contender...(more)
The company shattered internal financial records in fiscal year 2013, which ended June 30, growing profits 41 percent while reporting nearly $1 billion in overall revenue , an increase of 13 percent.
Coupled with the company’s July announcement that it was buying gaming equipment rival SHFL Entertainment for $1.3 billion, Wall Street analysts consider Bally the top-rated gaming equipment provider in the industry...(more)
Being early into mobile is seen as big advantage for Kabam. Zynga has made a move to mobile of late, but Kabam has been going mobile for two years already. It now offers all seven of its own titles along with some from third-party developers on Android and iOS...(more)
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