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Having issued a 2015 profit warning in September, Frankfurt Xetra listed mybet Holdings recorded a 7% decline in group net revenues to €16.5 million for Q3 2015 (period ending 30 September). The European operator recorded revenue declines in all key verticals (apart from horse racing), as it posted net losses of -4.2 million for the period (Q3 2015 -€440,000). The …

LSE listed online payments provider, Optimal Payments (Optimal) has rebranded to Paysafe Group. The firm is reported to have filed its name change with the LSE, which will see its corporate ticker abbreviated to PAYS.L. The rebrand sees the provider merge its proprietary brands Optimal Payments and Neteller with its acquired asset of Skrill, which was purchased in August for …

Sky Betting & Gaming (Sky Bet) governance has announced that it has invested £11 million with a view of creating 200 new jobs and opening its new customer hub in Leeds City Center. Sky Bet detailed that the £11 million investment will be spent this financial year on the following: 200 new hires primarily in the technology and contact centre …

Reporting on its Q3 2015 corporate performance (period ending 30 September), Toronto listed Amaya Inc has reported quarter revenues of CAD $325 million (£160 million) up 8% on Q3 2014’s CAD $300 million. Revenue growth would transfer to EBITDA earnings of CAD 141 million (£70 million) for the period, up 8% on Q3 2014’s CAD $ 130 million. Amaya Q3 net …

Reporting strong growth in its online gaming portfolio and the continued progress of Yggdrasil content, European igaming operator Cherry Gaming AB returned to positive EBITDA earnings for its Q3 2015 performance (period ending 30 September). A strong quarter performance, saw Cherry Gaming record group revenues of SEK 154 million (£11 million) up 71% on Q3 2014’s SEK 90 million (£6.9 …

Bet365 was the standout bookmaker for bettingexpert.com’s community of tipsters during October. Of the 97,970 tips placed during the month, the Stoke-based bookmaker was selected as the preferred operator for a huge 19.1% of them, considerably higher than second placed Unibet which was selected 12.1% of the time. However Unibet was also far clear of third placed 188bet, which had …

Aiming to promote fair competition for consumers, the UK Competition and Markets Authority (CMA) has published invitation on the planned £6.2 billion merger of Paddy Power and Betfair (first announced in August 2015). The competition regulator has requested for assistance regarding its review of the merger, inviting comments from concerned parties. The CMA noted that any comments or concerns regarding …

European sports betting operator bet-at-home AG continues its strong 2015 momentum recording a 9 month EBITDA profit increase (period ending 30 September) of 28.8% to €23 million (2014 Q1-Q3: €17.2 million). Despite no major summer football tournament, bet-at-home recorded an 8.9% gain in gross gaming/betting revenues to €87.5 million (2014 Q1-Q3: €80 million). bet-at-home governance was pleased to highlight that …

Specialist developer of virtual sports content Kiron Interactive has been approved as a Microgaming Quickfire development partner. The agreement will see Kiron Interactive virtual sports content released on Microgaming’s Quickfire system, one of the leading industry casino games platform. Kiron Interactive managment announced that it would begin its Quickfire partnership, by rolling out popular virtual football, sports and boxing content, …

Canadian gambling investment firm Contagious Gaming has confirmed that it will not make a bid to acquire UK betting pools technology provider Sportech Plc. Contagious Gaming issued a corporate statement alerting markets and the media of its decision to withdraw its interest in the Liverpool based operator. Sportech also issued an announcement declaring that it had not received a proposal …