A step-up in marketing investment, aimed at driving top line metric growth has led to 32Red announcing a fifth year of consecutive growth, as the Gibraltar operator announced its final results for 2014 32Red recorded a 25% increase in net gaming revenues of £32 million (FY 2013: 24.8 million), the increase in revenue transferred to a strong 2014 EBITDA performance …

Betfair governance announced its fourth consecutive quarter of double digit growth, as the operator detailed financial performance for Q3 2015 (three month period ended 31 January 2015) The operator saw group revenues up 20% to £114.6 million (Q3 2014 – £95.4 million), as it reported growth from all product verticals (See graph below). Betfair was further able to record revenue …

Having returned €392 million (£285 million) to shareholders, Paddy Power’s new CEO Andy McCue has outlined his first strategic priorities since taking over from Patrick Kennedy on 2 January 2015. The positive start to McCue’s reign as CEO, sees Paddy Power hand shareholders €8 a share, on top of a 13% increase in full year dividends. The cash return to …

Ladbrokes predicts that the forthcoming UK general election, will be the biggest political betting  market of all time. Ladbrokes announced to UK media and news sources that it expected a staggering £100 million to be wagered on the May vote, as the UK election heats up in the coming months. Ladbrokes Head of Political Betting Matthew Shaddick commented on the …

GiGse LaunchPad competition continues to highlight innovation in the industry and adds GamCrowd as its strategic partner Five start-ups will be given an opportunity to showcase their business ideas on stage at GiGse, taking place in San Francisco, CA on April 20-22. Selected in a submission process that finishes on March 15, these start-ups will be mentored to fine-tune their pitches and …

Apple Europe have confirmed the removal of several gambling and sports betting App’s from Sweden’s App Store. The technology giant had taken the decision to remove the gambling App’s after concerns arose from the Swedish Gambling Authority (Lotteriinspektionen) regarding the promotion of unlicensed gambling products to national consumers. Swedish news sources have reported that sports betting operators Unibet, William Hill, …

Coingaming.io, the platform provider which specialises in the provisioning of Bitcoin cryptocurrencysolutions for the iGaming sector, today announced that it has integrated GameART’s casino games for their Bitcoin only licensed gaming platform. Integration with GameART provides operators that use the Coingaming Bitcoin only casino platform with access to their first 12 games available on all devices, including both flash and HTML5 …

Pinnacle Sports CEO Paris Smith is excited to take the sports betting operator forward under new ownership, following its sale to undisclosed buyers. Smith outlined that the new owners of the Curacao licensed sports betting operator had ambitious plans and a strategic visions for its unique business model which has proven a popular destination for high value sports betting consumers. …

Reporting on its 2014 full year financial performance, football pools and betting operator Sportech recorded declines in top line metrics as the firm reported a 2% decline in group revenues of to £104 million (FY 2013: £106 million). The firm further recorded a 5% decline in EBITDA earnings to 24 million (FY 2013:£25.3 million) Despite its decline in overall group performance, …

iGaming technology provider Evolution Gaming has created an extensive dedicated live gambling environment that will power PokerStars’ move into Live Casino. The launch also sees PokerStars become the first licensee to go live with Evolution’s recently introduced multi-camera Immersive Lite studio installation. The PokerStars-branded Live Casino area at Evolution’s Riga studios is big news, with nine live tables, it’s the …