UK Online Gross Gambling Yield Dropped in Third Quarter

In the third quarter of the fiscal year 2022-23, the land-based sector of the British gambling industry grew while the internet sector had a 2 percent year-over-year fall in gross gambling yield (GGY).

The Gambling Commission reports that in the three months ending 31 December 2021, total GGY for the online industry was £1.20bn (€1.36bn/$1.44m), down slightly from the previous year.

According to the Commission, the reduction was caused by a general weakening across all markets, but particularly in the real event betting and casino submarkets.

VICI Properties Achieved Record End-of-Year Results

VICI Properties’ investments continued to pay off as its shares and net income increased. According to its recent financial report, the firm achieved record end-of-year results. As a result, its shareholders are happy with the company’s rising value and sustainable growth.

Its fourth quarter revenues increased 100.9 percent year-over-year to $770 million. Also, its profits during the fiscal year 2022 increased significantly. VICI earned $2.6 billion, an increase of 72.3 percent from the previous fiscal year. 

According to pay per head bookie reports, VICI shareholders were impressed with the fiscal information. The company’s net income increased from $1.013 billion to $1.117 billion. However, its per share prices dropped from $1.76 to $1.27. The company attributed the drop to increased CECL allowed and the weighted average share count. 

Tom Hanks Endured Aston Villa’s Highs and Lows

Celebrities in Hollywood are becoming fond of watching soccer.

In the past week, Will Ferrell has been sighted visiting Wrexham, Manchester City, and Liverpool. Tom Hanks has had to deal with the ups and downs of being a soccer fan this week.

Hanks, a lifelong supporter of Aston Villa, was photographed at Villa Park watching his team lose a great English Premier League match, 4-2 to championship rival Arsenal in a six-goal thriller.

NeoGames Partners with European Lotteries

The iLottery services provider NeoGames has partnered with the European Lotteries and Toto Association for a period of two years.

The partnership between NeoGames and EL was announced at this year's EL/World Lottery Association (WLA) Marketing seminar in London, and it will see the provider of end-to-end iLottery solutions participate as a Level 2 (semi-premium partner) at all the major events of Europe's largest Lottery and Toto trade organization for the next two years.

NeoGames' CEO, Moti Malul, is ecstatic that the company's over a decade-long efforts to supply iLottery technology solutions and online games to European lotteries have been recognized with this partnership with the largest and most representative lottery organization in Europe.

Affiliates Join NeoGames

According to Gambling Interaction sources, NeoGames is a technology-driven innovation that provides its clients with a whole suite of goods, including unique technology platforms, specialized gaming studios, and a variety of added-value services.

The purchase of Aspire Global Group has allowed NeoGames to strengthen its iLottery portfolio, as well as its sports-betting offerings via BtoBet, its content aggregation platform Pariplay, and its full suite of Gaming technology and Managed Services.

To show that the iLottery provider complies with the global organization's responsible gaming requirements for providers of lottery services and solutions, WLA issued NeoGames with its Responsible Gaming (RG) accreditation last month.