Online casino news features winners and losers

It’s time for us at onlinecasino.ie to take another look at the latest online casino news which may interest our readers. First though we should report on the latest figures just released by the Gambling Commission for the year to April. Apparently the total amount of money exchanged for chips at Britain’s casinos rose by almost half a billion pounds to £6.11 billion during the period, with the house winnings also rising from £750.9 million to £793.7 million. Clearly in spite of the ever increasing numbers of people playing their casino games at the online casinos, their land based rivals are also thriving despite the current economic conditions. Back to the subject of online casino news, we can also report on the huge success story that is Bet365. Now Britain’s biggest online bookmaker by far, Bet365 have just announced profits for the year ending March 2013 up by a third to £148 million, with almost £20 billion wagered on its website during the year. To put these figures into perspective, this means that the Bet365 online business is now bigger than the websites of Ladbrokes and William Hill combined, and British tax payers will also be pleased that this family owned business is still based in Stoke on Trent where it was founded 13 years ago and therefore paid corporation tax of £31 million for the year. While we’re talking about William Hill, it is understood that they are in talks to take over the small Australian online bookmaker Tomwaterhouse.com for around £30 million. At the other end of the scale Bwin Party digital operations continue to report falling revenues, blamed in part by lower than expected margins from their online sports gambling operations, or to put it another way their sports gambling customers won more than they anticipated or hoped. Nice to report a success story for the punter on occasions.