Presenting its full-year 2016 results, Greek gambling operator OPAP details that its financial performance has been impacted by higher tax charges combined with a higher operational outlay as the firm prepares for significant operational changes in 2017 While OPAP sustained total group wagering at €4.2 billion and group gross gaming revenues at €1.39 billion, the firm’s earnings and profit metrics would …

Despite the NFL franchise owners overwhelmingly supporting (31-1) the relocation of the Oakland Raiders to Las Vegas Nevada. Roger Goodell, Chief Commissioner of the NFL states that the league will not change its stance on the issue of US legal sports betting. Speaking to US media, Goodell restated that the NFL opposed all forms of betting on its matches. Goodell …

Presenting its H1 financial update (six month period ending 31 December) London AIM-listed eSports live events operator Gfinity has reported a 45% increase in corporate revenues to £900,000. The firm founded in 2012 with the aim of growing UK live eSports arenas remains earnings ineffective, posting a period operational loss of £1.7 million, narrowing on pretax losses of £1.9 million posted …

Updating the market, US gambling operator Caesars Entertainment Corp (CEC) has confirmed the promotion of Christian Stuart to the newly created role of Executive Vice President of Gaming and Interactive Entertainment The promotion sees Stuart a ten-year CEC veteran (2007-2017), join the firm’s executive management team. Stuart steps up to the new CEC leadership position having previously served as Chief …

Commissioned by industry charity GambleAware, a study of industry ‘self-exclusion’ practices carried out by Chrysalis Research has found that consumer protection schemes are proving to be effective at stop problem gambling. The evaluation of ‘Multi Operator Self Exclusion Scheme’ (“MOSES”) for UK licensed betting shops has detailed that 83% of users researched found industry practices effective in reducing or stopping …

  What core dynamics and values drive a consumer to deposit and engage with an online sports betting operator. User experience and digital marketing consultancy Global Reviews details seven key drivers that betting consumers analyze when making their purchase decision. In an ultra-competitive price driven industry, Global Reviews notes that design and style factors play a significant role in a player’s final …

Presenting a forward-looking statement to investors, Ladbrokes Coral CEO Jim Mullen states that his firm’s executive team must now match its enlarged revenue generating capabilities with market-leading operational efficiencies, in order for the FTSE enterprise to reach its optimal value. Speaking 150 days since officially completing the merger of Ladbrokes Coral, Mullen detailed that 120 senior executives had been presented …

Following its annual Franchise Owners General Meeting on Monday 27 March, the NFL has approved for the Oakland Raiders to move to Las Vegas Nevada within the next three years. US business news sources report that NFL Franchise owners voted overwhelmingly (31-1) in favour of a Las Vegas relocation for the Raiders, despite protests from Oakland fans and city officials. …

New UK-licensed online casino PlayOJO (PlayOJO.com) has launched its first ever UK TV advertising campaign ‘Not Bad for an Online Casino’.  The campaign has been created by London creative marketing agency 101 and stars British actor Geoff Bell star of movies’ ‘The Business’ and ‘Green Street Hooligans’. ‘Not Bad for an Online Casino’ will be broadcast on Channel 4, Sky and …

Issuing a market note, London AIM listed industry marketing and player acquisition specialist XLMedia has informed that its two largest shareholders WebPals Entertainment and Partners Limited Partnership have agreed to sell their remaining stakes in its enterprise. The joint disposal will see early stage investor WebPals and Israeli VC fund Partners Limited place 64.2 million of XLMedia shares for sale, …