NetEnt has cited a continued growing demand for digital casino entertainment and its products as amongst the main reasons behind widespread year-on-year financial growth across the business during the 12 months through to December 31, 2015. Full-year revenue amounted to SEK1.1 billion (€119.5 million/$134.9 million), which represents an increase of 33% on the SEK851.7 million achieved in the previous year. Operating profit hiked 53.5% year-on-year to SEK401.6 million, while operating margin increased from 30.7% to 35.5%. Elsewhere, profit after tax increased by 53.8% to SEK374 million, with earnings per share also jumping from SEK6.09 to SEK9.34 after dilution. Other key…

On July 8th, just before the 2015 WSOP, it was reported in Las Vegas that last years Main Event World Series of Poker winner will not have the chance to defend his title this year, but there is no shortage of pro poker players and some celebrities that will be trying to win the $7.68 million top prize. There were 4,371 card players in total that were still in the no limit Texas Hold’em tournament at the beginning of the second session on Wednesday. The tournament officials declared that the prize pool of $60.3 million would be split between the…

California’s chances at passing an online poker bill in 2015 may be all but dead and buried if secondhand statements attributed to State Senator and Governmental Organization (GO) Committee Chairman Isadore Hall III can be taken at face value. A recent column by John Howard that appeared in Capitol Weekly quotes two sources – one named and one unnamed – who claim to have spoken with Hall recently on the issue of online poker, and both indicated that despite the progress the issue has made in the Assembly, online poker is a dead issue in the Senate. “He said he…

US operator Caesars Acquisition Company has said that its Caesars Interactive Entertainment business unit was able to achieve “impressive” results during the three months through to March 31. Net revenue generated by the Caesars Interactive division amounted to $176.6 million (€156.2 million) in the first quarter, which represents an increase of 42.2% on the $124.2 million posted in the same period last year. Income from operations rocketed by 666% to $40.6 million while net income from continuing operations also shot up by 992% to $27.3 million. In addition, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) grew by 101.3%…