Presenting its full-year 2015 results, London AIM-listed mobile gambling operator Gaming Realms Plc reported that it had narrowed FY losses to £7.8 million (FY 2014 £9.8 million). Gaming Realms who operates mobile centric casino brands, Pocket Fruity, Slingo, Spin Genie and Britain’s Got Talent Games reported that it had almost doubled company revenues to £21 million (FY 2014: £11.2 million) …
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21bet’s Sarah Shannon takes the Tipster Challenge at Chester
After another unpredictable day in the Tipster Challenge Series at Ascot last week, Sarah Shannon of 21bet has signed up to represent the Guests in Week 16 at Chester. Sarah has been a sports writer for the 21bet team since the UK’s newest bookie launched back in March. She is a passionate tipster and a qualified sports journalist with over …
Read More »Betcade opens store for Android ‘real-money’ app submissions
Start-up Betcade which aims to open up the real money gaming apps market for Android users through its dedicated store has announced that it has officially opened its app submission services to gambling operators and developers. Launching its services first for the UK market, Pasadena founded Betcade aims to ease the process of downloading gambling apps and services for Android …
Read More »The lost art of odds compilation: Over-reliance on Asian Handicap lines
Pricing feeds have become de rigueur in an industry beset by increasing costs, but are they the best way forward for established sportsbooks desperate to retain market share? In a two part article, Jeevan Jeyaratnam of Super Soccer GPS takes a look at how the market has developed. In recent years the growth of online wagering and the, ever-extending, choice of whom to bet …
Read More »Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016
Updating the market, FTSE-listed gambling operator Paddy Power Betfair (PPB) presented its proforma basis results (merged results) for Q1 2016 (period ending March 31). The newly merged FTSE-100 enterprise (merger officially completed 2 February) reported group revenues up 16% to £339 million for its opening quarter performance. PPB governance was pleased to report Q1 2016 metric growth, despite being impacted …
Read More »Sporting Index – Leicester City to finish next season on 59 points
Spread betting firm Sporting Index has made the bold prediction that English Premier League (EPL) champions Leicester City will finish the 2016/17 EPL season on just 59 points. The newly crowned domestic champions will need to contend with Champions League participation in addition to the pressure of defending a title, and traders at Sporting Index predict that the Claudio Ranieri-managed side …
Read More »Celtic FC scores ‘biggest ever’ Scottish football shirt sponsorship with Dafabet
Philippines and Isle of Man based online betting operator Dafabet has secured Scottish football’s ‘biggest ever’ shirt sponsorship deal with Celtic FC. Dafabet marketing agreed a four-year sponsorship terms with The Bhoys, and will see its brand co-promoted on the Celtic 2016/17 jersey with Irish cider brand Magners (Dafabet to feature shirt front, Magners on jersey back). Celtic governance was …
Read More »Leicester City triumph to trigger ‘recalibration’ on long shot pricing
The news media is awash at how much Leicester City’s incredible Premier League title triumph is going to cost the betting industry, but we may not see the true impact of the unlikely win until next season. While the estimates are that The Foxes’ 5,000-1 victory has cost the betting industry between £25m – £50m, the truth is that the …
Read More »UKGC aims to implement new consumer focused business plan
Updating the industry, the UK Gambling Commission (UKGC) has set out a new consumer focused business plan which it will aim to integrate over the coming year. UKGC management detailed that the plan would cover three direct themes Building on vital work to protect the most vulnerable, and set standards for responsible and safe gambling Ensuring markets are fair and …
Read More »Racecourse Media Group pays out £80 million in 2015 broadcast fees
Racecourse Media Group (RMG) has detailed that it has paid its 34 syndicated UK racetracks £80 million in media rights for 2015. The figure represents an 8% increase on 2014 media pay-outs generated from licence fees of racing broadcast owners; Turf TV – betting shop service provider to Licensed Betting Offices (LBOs) Racing UK (multi-platform subscription channel) Digital (Bet2View streams) …
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