Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company. US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …
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On track William Hill set to deliver £40 million in group 2017 savings
Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …
Read More »LetsBet.com aims to ‘flip the script’ for casino players in 2018
New online casino brand LetsBet.com will be launched in early 2018, seeking to become the most engaging destination for online gambling consumers. LetsBet.com is brought to market by Malta MGA-licensed enterprise Pioneer Play Ltd, a new online gambling group founded by Michael Pedersen (CEO), former Scandinavian commercial lead for NetEnt, and Stefan Lind, (CMO) former operations lead at LeoVegas AB. …
Read More »Finance Guru Giles Vardey joins Sportech governance advisory
Further to yesterday’s announcement of a shareholder £53 million capital redistribution, London-listed betting systems supplier Sportech Plc has confirmed the appointment of Giles Vardey as independent Non-Executive Director. A 35-year finance executive, Vardey will advise Sportech governance on stakeholder management as the company undertakes a full-scale sale if its business in 2018. In a distinguished career, Vardey has served as …
Read More »UKGC outlines fairer and safer gambling strategy
The UK Gambling Commission (UKGC) has set out a new three-year five-point plan, to build on its previous work and help shape a well-regulated gambling market. With 63% of people having gambled within the last year, the strategy states that “the risks are changing and evolving and the industry needs to move farther and faster to address them. A well-regulated …
Read More »IGT write down of North America Interactive unit sees Q3 operating losses of $550m
Foreign exchange losses combined with a write-down impairment charge of $714 million has seen New York-listed gambling firm IGT Group Plc declare Q3 2017 net losses of $804 million. Publishing its Q3 2017 trading update (period ending 30 September), IGT disclosed a period group operating loss of $556 million, primarily attributed to its $714 million write-down charge of its ‘North …
Read More »Strong brand portfolio sees Jackpotjoy Plc confident of hitting full 2017 expectations
Publishing its Q3 2017 trading update (period ending 30 September), London-listed online gambling group Jackpotjoy Group Plc has detailed robust growth across its brand portfolio, with the operator confident of achieving its full-year corporate expectations. The strong revenue momentum recorded across its principal brands of; Jackpotjoy (up 12%) and Vera&John (up 28%), would see the company declare period group revenues …
Read More »Ladbrokes Coral digital recovery offsets UK retail declines
Publishing its Q3 trading update (period ending 29 October), FTSE-listed sports betting group Ladbrokes Coral Plc continues to record a strong digital momentum, offsetting the year decline of its UK retail betting division. Closing in on its first full-year of post-merger operations, Ladbrokes Coral reports improved Q3 group net revenues of 3%, primarily driven by a 12% net revenue uplift …
Read More »India to review new sports ethics & integrity bill
India’s Lower House has cleared the passage for the ‘National Sports Ethics Commission Bill’ to be reviewed by the Delhi ‘Sansad’ Parliament. The sports bill has been developed by former India BCCI cricket Chairman and BJP (India Peoples Party) MP Anurag Thakur, who first tabled the bill in 2016, seeking a stronger ethical code for Indian professional sports. Thakur and …
Read More »AGA America appoints Penn National’s Tim Wilmott as next Chairman
US gambling industry body, The American Gaming Association (AGA) has confirmed that Tim Wilmott CEO of Penn National Gaming Inc, will serve as its next Executive Chairman. Updating stakeholders, the AGA board confirmed that Wilmot would serve a two-year chairmanship beginning in January 2018, replacing current incumbent Jim Murren CEO of MGM Resorts. Wilmott has been involved with AGA governance …
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