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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 …

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 …

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 …

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 …

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 …

“Work is not work to me. Work is my life, it’s my pleasure, I enjoy it. I don’t work for money, I work because I like working with the people, I like challenges, I like the future and I like developing all sorts of businesses.” – Fred Done Part 4 of the Betfred story (see part three here) is the …

The happenstance of bet365 and Sky Betting & Gaming (SBG) releasing results on consecutive days earlier this week rammed home an important message about the dominance of the market leaders in the UK online scene. The numbers were mightily impressive. Total net revenues from the gambling business at bet365 comfortably sailed past the £2bn barrier, up a huge 39 percent …

“All sponsorships are like partnerships. It’s not a matter of writing a cheque out. If you write the cheque out and leave it at that, believe me you’re wasting your money – you don’t get value. You’ve gotta keep working at it.” – Fred Done Part Three of the Betfred story (see part two here) looks at the modernising process …

“One thing with Fred is that he gives everyone a chance, whether you’re a millionaire or whether you’re skint. He gives you a chance to win, and that’s what the man’s about – value.” – Gary Wiltshire, pundit and bookmaker Part Two of the Betfred story (see part one here) looks at how the company flourished. Before long Fred Done’s …

Filing its 2016/17 corporate accounts, Sky Betting & Gaming (SB&G) has detailed a ‘landmark year’ for its operations as group revenues surpassed the + £500 million revenue mark (FY 2015/16: 380 million). The Leeds-based operator claims to be the fastest growing online gambling firm, having increased its customer base to 2.6 million (2015/16: 1.9 million). Closing its 2016/17 year-end accounts, …