Ted Menmuir

IGRG appoints Barry Hardy as new Chairman

The IGRG, which is comprised of the five main trade associations from the gambling industry, has today appointed Barry Hardy as its new chairman. The IGRG provides a structure to promote socially responsible gambling in the licensed UK gambling market. Building on existing relationships and work streams, it also provides a cross-sector forum to consider matters of common interest associated …

Read More »

Martin De Knijff – Metric Gaming – Being SuperLive

The online sports betting industry has seen a rising concern with regards to product innovation offered by sports betting providers. With these concerns in mind, Team SBC spoke to Metric Gaming CEO Martin De Knijiff about the recently launched Metric Gaming SuperLive sports betting platform. SuperLive allows customers to wager on in-game events as they unfold in real time. Offering …

Read More »

XL Media acquires ExciteAd for US$19 million

London AIM listed igaming marketing network XL Media has continued its acquisition spree, with the announcement of the purchase of ExciteAd Digital Marketing for a reported $19 million (£11.5 million) XL Media who floated on the London AIM in March, will add ExciteAd services to its digital marketing inventory. ExciteAd operate as a specialist in social gaming marketing, serving high …

Read More »

Yea & Teufelberger outline strategy for bwin.party recovery

Having reported a revenue decrease of 7% in their H1 2014 interim results, bwin.party Chief Executive Norbert Teufelberger and company Chairman Philip Yea outlined key criteria for the operator’s recovery. The company directors pinpointed to a restructuring of bwin.party senior management, with a view to bring in fresh ideas and new approaches which will aid the operator in saturated markets. …

Read More »

Gala Coral hires Lazard as bingo sale adviser

Gala Coral Group has hired bankers Lazard as strategic adviser for the sale of its 130 retail bingo clubs. UK business sources have indicated that Lazard are seeking to sell Gala Coral’s retail bingo division for an estimated £250 million. A Gala Coral statement confirmed that the operator had “commenced a process to explore the possibility of a disposal of …

Read More »

Churchill Downs appoints William Carstanjen as CEO

US racing track operator, Churchill Downs announced the appointment of William Carstanjen as new Chief Executive Officer replacing Robert Evans. Prior to the appointment Carstanjen had served as President of the Kentucky race track operator. The restructure of Churchill Downs senior management will see William Mudd take the position of President, whilst also serving as Chief Financial Officer. Churchill Downs …

Read More »

Perform Group’s streamline helps increase revenues

Sports media rights business Perform Group reported half yearly pre-tax losses of 4.18 million, increasing corporate losses from £2.6 million. Perform Group reported increased gross revenues of 118.8 million, up 29% on 2013 figures. The company posted adjusted EBITDA of £15.6 million. Senior management commented that the rise in revenues had been driven by strong display advertising sales during the …

Read More »

OPAP posts better than expected results for Q2 2014

Greek state owned gambling operator OPAP reported improved results in the second quarter of 2014. OPAP saw gaming revenues climb 8% to €947.3 million, as the operator posted an increase in EBITDA earnings of 50% to €68.6 million. The Greek operator, beat market forecasts which had expected a downturn in gaming revenues for OPAP. However OPAP’s net profit dropped 44.5 …

Read More »

bwin.party sees revenue fall in H1 2014

bwin.party published its H1 interim results for 2014, the operator saw total revenues fall to €317.1 million, down from €342.5 million  year on year, for their opening six months of 2014 (reporting period ending 31 June). The operator has described its performance as mixed, seeing sports betting revenues increase by 7% to 127.4 million (H1 2013 – €119million), whilst reporting …

Read More »

Sports betting helps Fortuna boast strong H1 2014

Eastern European focused sports betting operator Fortuna Entertainment, cited increased sports betting activity as its key factor for its improved performance during the first half of 2014. Fortuna reported an increase in wagering of 20.8% during the opening half of 2014, with wager amounts totaling €333.2 million (£264 million). Sports betting contributed to 97.6% of wagering with €325,3 million. Due …

Read More »