Proactiveinvestors Australia - Gambling RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Gambling feed en Sun, 21 Jan 2018 15:22:08 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Stride Gaming's metrics to improve after latest deals http://www.proactiveinvestors.com.au/companies/news/128778/stride-gaming-s-metrics-to-improve-after-latest-deals-128778.html Sat, 30 Jul 2016 01:42:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128778/stride-gaming-s-metrics-to-improve-after-latest-deals-128778.html PCG raises £400,000; says it was profitable in H2 http://www.proactiveinvestors.com.au/companies/news/127720/pcg-raises-400000-says-it-was-profitable-in-h2-127720.html Fri, 01 Jul 2016 00:14:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127720/pcg-raises-400000-says-it-was-profitable-in-h2-127720.html Aquis Entertainment Ltd makes case for $307M Canberra casino redevelopment http://www.proactiveinvestors.com.au/companies/news/132050/aquis-entertainment-ltd-makes-case-for-307m-canberra-casino-redevelopment-69301.html Aquis Entertainment Ltd (ASX:AQS) has lodged a plan for a $307 million redevelopment of the Canberra Casino with the ACT Government.

The plan evisages an integrated resort development and expansion of leisure and night life for the casino located in the Canberra CBD.

The ACT Government invited Aquis to submit a business case after the concept submission met all requirements of the first stage of the government’s investment proposal guidelines.

Aquis has already invested $14 million in Casino Canberra to give it a complete makeover. The refurbished casino opened its doors to the public on 10 June 2016.

The company had acquired the casino is August 2015 and was operating a temporary gaming facility.

Aquis is looking to transform the casino scene in Canberra and has proposed to build an expanded casino along with two new hotels and other developments worth $307 million.

The project includes new bars, restaurants and a luxury shopping mall.

The new precinct could attract up to 617,000 new patrons per annum, shifting from a predominantly local catchment casino today, to one patronised more heavily by interstate and international tourists.

Trading at the temporary gaming facility at Casino Canberra remained solid during the month of May 2016 with gross gaming revenue reaching $1,562,749.

Aquis had a cash balance of $7.7 million as at 31 March 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 Jun 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/132050/aquis-entertainment-ltd-makes-case-for-307m-canberra-casino-redevelopment-69301.html
PCG Ent't confident of growth in China despite disputes http://www.proactiveinvestors.com.au/companies/news/126791/pcg-ent-t-confident-of-growth-in-china-despite-disputes-126791.html Tue, 07 Jun 2016 01:04:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126791/pcg-ent-t-confident-of-growth-in-china-despite-disputes-126791.html PCG Entertainment says position 'very strong' in debt dispute http://www.proactiveinvestors.com.au/companies/news/126760/pcg-entertainment-says-position-very-strong-in-debt-dispute-126760.html Mon, 06 Jun 2016 16:54:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126760/pcg-entertainment-says-position-very-strong-in-debt-dispute-126760.html PCG Entertainment caught up in debt dispute from 2015 acquisition http://www.proactiveinvestors.com.au/companies/news/126525/pcg-entertainment-caught-up-in-debt-dispute-from-2015-acquisition-126525.html Tue, 31 May 2016 16:29:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126525/pcg-entertainment-caught-up-in-debt-dispute-from-2015-acquisition-126525.html Bingo! Stride Gaming setting a fast pace http://www.proactiveinvestors.com.au/companies/news/126043/bingo-stride-gaming-setting-a-fast-pace-126043.html Sat, 28 May 2016 16:44:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126043/bingo-stride-gaming-setting-a-fast-pace-126043.html Numbers add up as bingo king Stride calls maiden dividend http://www.proactiveinvestors.com.au/companies/news/126236/numbers-add-up-as-bingo-king-stride-calls-maiden-dividend-126236.html Mon, 23 May 2016 16:49:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126236/numbers-add-up-as-bingo-king-stride-calls-maiden-dividend-126236.html Gaming Realms expands partnership with Scientific Games Corp to machines http://www.proactiveinvestors.com.au/companies/news/125349/gaming-realms-expands-partnership-with-scientific-games-corp-to-machines-125349.html Thu, 28 Apr 2016 17:45:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125349/gaming-realms-expands-partnership-with-scientific-games-corp-to-machines-125349.html PCG Entertainment continues to grow revenues http://www.proactiveinvestors.com.au/companies/news/125033/pcg-entertainment-continues-to-grow-revenues-125033.html Wed, 20 Apr 2016 23:59:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125033/pcg-entertainment-continues-to-grow-revenues-125033.html Gaming Realms' Britain's Got Talent website takes to the stage http://www.proactiveinvestors.com.au/companies/news/124624/gaming-realms-britain-s-got-talent-website-takes-to-the-stage-124624.html Mon, 11 Apr 2016 18:14:00 +1000 http://www.proactiveinvestors.com.au/companies/news/124624/gaming-realms-britain-s-got-talent-website-takes-to-the-stage-124624.html Gaming Realms PLC licenses 90-ball bingo game to New Jersey operator http://www.proactiveinvestors.com.au/companies/news/124022/gaming-realms-plc-licenses-90-ball-bingo-game-to-new-jersey-operator-124022.html Wed, 23 Mar 2016 21:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/124022/gaming-realms-plc-licenses-90-ball-bingo-game-to-new-jersey-operator-124022.html Aquis Entertainment tables strong gaming month for Casino Canberra http://www.proactiveinvestors.com.au/companies/news/132049/aquis-entertainment-tables-strong-gaming-month-for-casino-canberra-66951.html Aquis Entertainment (ASX:AQS) has tabled a strong month for gross gaming revenue of $2,045,000 from its Casino Canberra, 120% higher than the previous month.

The result was 80.7% higher than January 2015 actual GGR of $1,131,000.

Adjusted for volatility, the January gaming play activity saw an increase of 28.2% on December 2015, and an increase of 92.3% on January 2015 (normalised).

The program to refurbish the property and upgrade aging equipment remains on track to commence in February 2016.

Canberra Casino announced plans in 2015 to spend $330 million building a new casino and creating a resort-style entertainment, dining and retail precinct for the city of Canberra.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 10 Feb 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/132049/aquis-entertainment-tables-strong-gaming-month-for-casino-canberra-66951.html
Stride Gaming has made a strong start to financial year http://www.proactiveinvestors.com.au/companies/news/122194/stride-gaming-has-made-a-strong-start-to-financial-year-122194.html Fri, 05 Feb 2016 18:42:00 +1100 http://www.proactiveinvestors.com.au/companies/news/122194/stride-gaming-has-made-a-strong-start-to-financial-year-122194.html PCG Entertainment says profits doubled in fourth quarter http://www.proactiveinvestors.com.au/companies/news/121917/pcg-entertainment-says-profits-doubled-in-fourth-quarter-121917.html Fri, 29 Jan 2016 18:54:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121917/pcg-entertainment-says-profits-doubled-in-fourth-quarter-121917.html Gaming Realms boosted by real money play http://www.proactiveinvestors.com.au/companies/news/121820/gaming-realms-boosted-by-real-money-play-121820.html Wed, 27 Jan 2016 22:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121820/gaming-realms-boosted-by-real-money-play-121820.html Intertain boosts 2015 guidance http://www.proactiveinvestors.com.au/companies/news/121171/intertain-boosts-2015-guidance-121171.html Tue, 12 Jan 2016 00:46:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121171/intertain-boosts-2015-guidance-121171.html World Poker Fund to acquire RealDeck for $15mln http://www.proactiveinvestors.com.au/companies/news/120087/world-poker-fund-to-acquire-realdeck-for-15mln-120087.html Sat, 05 Dec 2015 04:59:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120087/world-poker-fund-to-acquire-realdeck-for-15mln-120087.html The Intertain Group has plenty of scope for mobile growth http://www.proactiveinvestors.com.au/companies/news/119973/the-intertain-group-has-plenty-of-scope-for-mobile-growth-119973.html Thu, 03 Dec 2015 02:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119973/the-intertain-group-has-plenty-of-scope-for-mobile-growth-119973.html Mackie Research rates Intertain Group 'buy' http://www.proactiveinvestors.com.au/companies/news/119855/mackie-research-rates-intertain-group-buy--119855.html Tue, 01 Dec 2015 03:49:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119855/mackie-research-rates-intertain-group-buy--119855.html NYX Gaming yet to demonstrate benefits of M&A spree http://www.proactiveinvestors.com.au/companies/news/119721/nyx-gaming-yet-to-demonstrate-benefits-of-ma-spree-119721.html Thu, 26 Nov 2015 00:26:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119721/nyx-gaming-yet-to-demonstrate-benefits-of-ma-spree-119721.html PCG Entertainment names new chairman http://www.proactiveinvestors.com.au/companies/news/119625/pcg-entertainment-names-new-chairman-119625.html Tue, 24 Nov 2015 20:14:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119625/pcg-entertainment-names-new-chairman-119625.html Kitty purrs for Stride Gaming as acquisitions deliver http://www.proactiveinvestors.com.au/companies/news/119214/kitty-purrs-for-stride-gaming-as-acquisitions-deliver-119214.html Tue, 17 Nov 2015 02:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119214/kitty-purrs-for-stride-gaming-as-acquisitions-deliver-119214.html PCG rockets as acquisition sends up revenue http://www.proactiveinvestors.com.au/companies/news/119199/pcg-rockets-as-acquisition-sends-up-revenue-119199.html Tue, 17 Nov 2015 01:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119199/pcg-rockets-as-acquisition-sends-up-revenue-119199.html Wynn Resorts hit as gamblers desert Macau http://www.proactiveinvestors.com.au/companies/news/116306/wynn-resorts-hit-as-gamblers-desert-macau-116306.html Sat, 17 Oct 2015 00:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116306/wynn-resorts-hit-as-gamblers-desert-macau-116306.html PCG Entertainment reaping benefit from acquisition http://www.proactiveinvestors.com.au/companies/news/111305/pcg-entertainment-reaping-benefit-from-acquisition-111305.html Wed, 30 Sep 2015 19:25:00 +1000 http://www.proactiveinvestors.com.au/companies/news/111305/pcg-entertainment-reaping-benefit-from-acquisition-111305.html Chips are down for Macau's casinos http://www.proactiveinvestors.com.au/companies/news/110920/chips-are-down-for-macau-s-casinos-110920.html Fri, 18 Sep 2015 21:41:00 +1000 http://www.proactiveinvestors.com.au/companies/news/110920/chips-are-down-for-macau-s-casinos-110920.html Contagious Gaming has until October for Sportech bid http://www.proactiveinvestors.com.au/companies/news/117367/contagious-gaming-has-until-october-for-sportech-bid-117367.html Contagious Gaming (CVE:CNS) has confirmed that the deadline for it to make a firm offer for London listed Sportech (LON:SPO) has been extended to October 9.

Last month the Canadian company revealed it was in talks over a possible cash-and-share offer, likely at a premium to Sportech’s share price at the time (which was about 62p).

It did, however, also reveal that a deal would be securing appropriate debt and equity financing.

Sportech operations ‘football pools’ gaming in the United Kingdom  - it is a form of lottery game where instead of picking numbers player predict which football matches will result in ‘score draws’.

The company also has a racing and digital division that supplies betting software and services to licensed racing and betting operators.

 In 2014, Sportech generated revenues of £104mln (C$213mln) and underlying earnings [adjusted EBITDA] of £24mln (C$49mln) in the 2014 tax year.

The combination of Sportech and Contagious Gaming would create the largest pure-play, sports-focused gaming company on the TSX, should a deal be possible.

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Sat, 12 Sep 2015 03:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/117367/contagious-gaming-has-until-october-for-sportech-bid-117367.html
Stride Gaming "encouraged" by progress http://www.proactiveinvestors.com.au/companies/news/110674/stride-gaming-encouraged-by-progress-110674.html Thu, 10 Sep 2015 17:39:00 +1000 http://www.proactiveinvestors.com.au/companies/news/110674/stride-gaming-encouraged-by-progress-110674.html Contagious Gaming confirms Sportech takeover talks http://www.proactiveinvestors.com.au/companies/news/117366/contagious-gaming-confirms-sportech-takeover-talks-117366.html Gaming and software supplier Contagious Gaming (TSE:CNS) confirmed today that it is in talks to acquire UK rival Sportech (LON:SPO).

The Canada-based firm said the talks are based around a cash-and-share offer, which is likely to have to be higher than Sportech’s share price on August 13 of 62.63p.

“A proposal has been made to Sportech” Contagious said, adding “the company expects to create significant shareholder value for existing and potential new shareholders of Sportech and Contagious Gaming.”

Contagious also said any deal was subject to conditions including securing appropriate debt and equity financing.

"There can be no certainty that the submission of the proposal will lead to Contagious Gaming making a formal offer or, in turn, the completion of the business combination," it said.

Sportech bought Vernons for £51mln from Ladbrokes in 2007, adding it to its Littlewoods and Zetters pools operations to form The Football Pools.

The company also has a racing and digital division that supplies pool and tote betting software and services to licensed racing and betting operators.

In 2014, Sportech generated revenues of £104mln (C$213mln) and underlying earnings [adjusted EBITDA] of £24mln (C$49mln) in the 2014 tax year.

The combination of Sportech and Contagious Gaming would create the largest pure-play, sports-focused gaming company on the TSX, should a deal be possible.

Contagious Gaming has until September 11 to make a formal bid for Sportech.

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Tue, 18 Aug 2015 22:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/117366/contagious-gaming-confirms-sportech-takeover-talks-117366.html