SBC News Voice of the Sports Betting Industry
European bookmaker Fortuna Entertainment Group has announced a 21.2% increase in turnover to €567.2m (£465.7m) for 2013 with a 5.1% increase in gross win to €116.5m (£95.7m). The company also recorded net profit of €15.6m (£12.8m), 26.4% more than in the previous year, thanks to a ‘better operating performance’. The bookmaker, which operates in Poland, the Czech Republic and Slovakia, …
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Betfred becomes betting partner to the Grand National Festival
Betfred has been announced as the official betting partner of The Crabbie’s Grand National Festival next month, The three-year deal sees the Warrington-based bookmaker take sponsorship of three races – The Betfred Bowl Steeple Chase on Grand Opening Day, The Betfred Mobile Mildmay Novices’ Steeple Chase on Ladies’ Day and The Betfred TV Handicap Steeple Chase on Grand National Day. The …
Read More »US business boosts Sportech
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 …
Read More »Call for anti-problem gambling measures to be standard
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 …
Read More »GTECH Wins Greek OPAP Tender
Former Greek state owned gaming operator – OPAP has selected gambling and lotteries software provider GTECH as its online gambling provider. OPAP had created a closed tender with selected pitches to software suppliers 888 Holdings, Openbet , Playtech and GTECH. GTECH is set to provide the Greek State operator with full digital gambling provisions and player management systems. The account …
Read More »Perform Group Aims To Cut Costs After 2013 Decline
Sports media group Perform in 2103 confirmed earnings per share fell seven per cent in 2013, but said it has plans in place to address its problems. Despite revenues growing 37% to £208.1bn, helped by the acquisitions of sports data experts Opta and Perform Sporting News, a swollen cost base and weak second-half advertising market saw a 3% slide in …
Read More »House Of Lords Ministers Attack Gambling Advertising
UK broadcasting standards regulator –Ofcom published its study on UK gambling advertisement and exposure. The regulator stated that British television had increased by 600 per cent since the deregulation of the sector in September 2007, growing from 234,000 to 1.4 million a year. Further research reported that gambling adverts had generated 30.9 billion views. The Ofcom research found that a …
Read More »5% profit growth marks ‘good year’ for Paddy Power
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 …
Read More »UK Government Set to Review Gambling Advertising
The Association of British Bookmakers (ABB) may have just launched the Responsible Gambling and Player Protection, however it appears that UK ministers are prepared to further add restrictions to UK gambling regulators. Sources close to UK Media and Culture Secretary – Maria Miller are said to have reported that UK coalition government is prepared to implement radical reforms and restrictions …
Read More »Coral To Live Stream Cheltenham Festival Preview
UK bookmaker Coral is to live stream a Cheltenham Festival preview evening for the first time to its thousands of online customers. A panel chaired by Channel 4 Racing presenter, Nick Luck, will provide insight and tips on all 27 races during a two hour webcast from 7pm on Sunday 9th March to help Festival fans make their selections. Luck will be …
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