Saturday, July 29, 2023

Kevin Harrington Becomes CEO of PokerStars


Flutter International's flagship brand PokerStars just introduced Kevin Harrington as its new chief executive officer.

Harrington, most recently the Chief Commercial Officer of Flutter International, will now lead PokerStars into the next stage of its development and expansion.

This is a calculated move as PokerStars enters an all-time high number of licensed markets. With Harrington at the helm, the business plans to expand its already extensive catalog of digital offerings and in-person events to meet the requirements of its rapidly expanding user base.

Saturday, July 22, 2023

Endeavour Shares Hit Record Low after New Poker Machine Law


After a state government's unexpected move to impose identification checks and gaming limitations on poker machine users, Endeavour Group, Australia's largest pub owner, had its stock drop to an all-time low on Monday.

The state of Victoria in Australia announced over the weekend that it will require poker machine users to register for an ID card in order to minimize problem gambling and prevent money laundering. It would require venues to close for the night and slow down their machines.

Due to the lack of disclosure on poker machine revenue, analysts were split on the extent to which this would affect Endeavour, the largest owner of poker machine licenses in the country. About 40% of the company's profit in the December 2022 half came from its "hotels" business.

Wednesday, July 19, 2023

How to Grow a Small Bookie Business

If you are a small bookie business owner, you might wonder how to take your venture to the next level. Becoming a bookie and growing a sportsbook can be challenging. However, it is not impossible. 

Guide on Growing a Small Bookie Business

Here are some tips and strategies to help you grow your small sports betting business effectively and sustainably.

Know Your Target Market 

One of the most critical steps in growing a sportsbook is to identify and understand your ideal customers. Who are they? What are their needs, preferences, and pain points? How can you solve their problems or fulfill their desires? Knowing your target market, you can tailor your services, marketing, and branding to appeal to them and attract loyal customers.

Friday, July 14, 2023

Okada Manila 2nd Quarter GGR Down


The Okada Manila casino resort in the Philippines' capital had its second-quarter gross gaming revenue (GGR) drop by 2.4% year-over-year to little over PHP11.29 billion (US$207.7 million).

According to a report released on Thursday, Universal Entertainment Corp., a Japanese gaming company, reported a 36.1% increase in GGR year-over-year for the second quarter. The data was included in the property's preliminary results, which are advertised by a company named Tiger Resort, Leisure and Entertainment Inc.

Okada Manila was invaded by followers of deposed Universal Entertainment founder Kazuo Okada beginning on May 31, 2022, and continuing over the next three months. On September 4, 2022, Universal Entertainment released a statement saying they had regained ownership.