Sportech chief executive Ian Penrose said that the company remains ‘well positioned for future growth’ in the US market and that the company has entered 2014 with confidence. Penrose made the statement during Sportech’s preliminary results for the year in which revenue grew slightly to £110.3m, as did EBITDA to £26.0m, although adjusted profit before tax was slightly down to …
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The Remote Gambling Association (RGA), GamCare and the Gordon Moody Association have launched a project to provide assistance to people who may have a problem gambling and want to self-exclude from online gambling websites. The initiative, which was conceived at a meeting of the RGA’s social responsibility committee, will enable counsellors at GamCare and Gordon Moody to help their clients …
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The two main suppliers of gaming machines to betting shops in the UK have called for the new responsible gambling measures introduced this weekend to be extended to all gaming machines in all sectors. Inspired Gaming and SG Gaming have issued a joint statement calling for the mandatory introduction of these measures across all categories of UK gambling. The new …
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Playtech founder Teddy Sagi is selling 10% of the company for £212m($353 million), the supplier has told the stock market. 29.3m ordinary shares are being sold for 725p, despite them reaching a record high of 818p last week. The shares are owned by Brickington, a company in which Sagi is beneficially interested, and Playtech was at pains to highlight that …
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Paddy Power chief executive Patrick Kennedy has hailed another ‘good year’ for the bookmaker, which has marked growth in every division, particularly online which now delivers over three quarters of the group’s profits. The firm has reported a 17.5% upturn in revenues to €745m (£613m) for 2013, and record profit before tax of €141m (£116m), up 5% on 2012, despite …
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Professor Mark Griffiths of Nottingham Trent University is a Chartered Psychologist and Director of the International Gaming Research Unit. He was the expert adviser on the ABB’s new Code of Conduct which hopes to reduce the chance of people getting into problems while player betting shop gaming machines. SBC: What do you think is the key measure that bookmakers have …
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William Hill has posted a slight loss after tax for 2013 (down 2 per cent to £226.5m) but the underlying trends in the business indicate a company still on the up. Net revenue for the whole company was up 16% to £1.49bn with Retail Net Revenue up 8% to £907m and online Net Revenue jumping 10% to £446.3m. Operating profit …
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Bwin.Party has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, although there is some variation in how the analysts are viewing the company’s prospects. According to American Banking and Market News, three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have …
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Microgaming have given their multi-player offering a big boost with an enormous €100K network tournament and a brand new tournament slot, Girls with Guns – Jungle Heat Following the successful Festive Frenzy tournament in December, Microgaming have scheduled another gigantic network tournament for March, March to Riches. Utilising The Finer Reels of Life game, the tournament runs for the entire …
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Graham Wood, director of the iGaming Consultancy, looks at the task facing ARJEL’s new President. French punters may be hopeful that a change at the top of the country’s gaming authority ARJEL could mean a change of direction, but it is likely that they will be disappointed. Jean-François Vilotte, the outgoing President is likely to have left because he failed …
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