BUSINESS

Bet365 is now Britains largest bookmaker; Lotto.com launches in Spain; GTECH purchase an MMP Portfolio licence

TAGs: Bet365, bookmaker, GTech, Lotto.com

bet365 lotto gtechOnline casino and sports book operator, Bet365, has become the largest in Britain after the company saw a 22% year-on-year increase in revenues in its 2011 financial results.

The Stoke-On-Trent-based firm that takes casino, bingo and poker wagers believed the reason for the increase – with revenues now at £501 million – is due to the popularity of its new in-play wagering offering, which saw its bets rise by 58% over the same period the year before.

Though this new innovation came at a price, Bet365’s investment and marketing costs that came with the offering resulted in flat profits from online betting and gaming of £93.7 million off of turnover of £439 million, iGaming Business reports.

As the last major online bookmaker to operate on UK mainland after Ladbrokes and William Hill shifted operations internationally in 2011, the firm has reportedly been exploring moves into the newly licensed markets of Australia, the Netherlands and Spain.

 

In other business news in the UK, Lotto.com, which is a premium domain launched by Fortuna Management in November, has now released a Spanish version of its website meaning that all Spanish readers can view the features on lotto.com in their own native tongue.

So if you’re a Spanish lotto lover, then you’re going be even happier to discover that a press release by the company stated today that Spanish users can “not only view lotteries in their country, such as the El Gordo Navidad, but also others from around the globe which include the American Powerball, Italian SuperEnalotto and the Oz Lotto”.

A spokesman for Lotto.com said: “Providing our users with a wealth of lottery knowledge is what we set out to do, so the more people that can benefit from Lotto.com the better.”

 

Patriot Scientific Corporation (PSC) today announced that the GTECH Corporation subsidiary of Lottomatica Group has purchased an MMP Portfolio licence. If you didn’t already know – which we wouldn’t be surprised at if you didn’t – an MMP Portfolio licence includes seven US patents which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems.

A press release by the company today stated that GTECH operates in over 50 countries including the U.S. “providing on-line and instant lottery product solutions to various regulatory authorities”.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com