Featured News

News that the SBC Team choose to highlight

Point of consumption tax will hit Rank’s performance

SBC News Point of consumption tax will hit Rank's performance

Rank Group, owner of the Grosvenor casino and Mecca bingo brands, has announced a 13% increase in ‘continuing business revenues’ for the 12 months to 30 June 2014, with retail growth considerably outstripping its digital performance. Revenues increased 15% for its venues, while the digital channel achieved 2% growth. The fastest growing channel of distribution continues to be mobile where …

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Colossus Bets launches weekly £1m HDA15 football jackpot

SBC News Colossus Bets launches weekly £1m HDA15 football jackpot

Colossus Bets, home of the £10,000,000 Colossus and the world’s biggest football and sports jackpots, has launched a £1,000,000 HDA15 Football Jackpot aimed at dominating and consolidating the HDA (or 1X2) pools and traditional accumulator markets. Bernard Marantelli, founder and CEO of Colossus Bets, said: “Several operators currently run small 1X2 Pools, and whilst they may reach £1,000,000 once a …

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Richard Glynn Ladbrokes “a far stronger company and well positioned for growth”

SBC News Richard Glynn Ladbrokes "a far stronger company and well positioned for growth"

Weekend news reports stated that Ladbrokes Chief Executive Richard Glynn’s fate would be decided by this Tuesday interim performance report.  The Sunday Times had reported that a group of major shareholders were greatly concerned with the company’s performance under Glynn’s leadership. On Tuesday Ladbrokes published a profit after tax drop of 49.8% to £23.7m for the period, with huge drops …

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Marathonbet secures Tottenham Hotspur betting partnership

SBC News Marathonbet secures Tottenham Hotspur betting partnership

Premier League outfit Tottenham Hotspur have signed a record two-year deal with Marathonbet, which will see the sportsbook giant become the club’s new exclusive betting partner. The north London side previously operated a regional partner model in the gaming sector, but the new partnership sees Marathonbet take full category exclusivity, giving Tottenham Hotspur’s global fanbase a consistent betting experience no …

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bet-at-home posts improved H1 2014 performance

SBC News bet-at-home posts improved H1 2014 performance

European sports betting and igaming operator bet-at-home published its 2014 H1 financial report. The operator posted a yearly increase of 27.9% in gross gaming revenues, to €53.1 million (£42.33 million). Improved gaming revenues were supported by improved company net revenues, which increased by €1.9 million to €9.3 million (£7.5 million). Representing a 25.5% increase on first half 2013 performance of …

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Microgaming launches university bursaries initiative

SBC News Microgaming launches university bursaries initiative

The award will see Microgaming fund accommodation and essential living costs (excluding course fees) up to £6,000 per annum. Recipients of the bursaries will be demonstrably talented; Microgaming wants to bring home-grown talent to the fore. Roger Raatgever, CEO of Microgaming, explains: “The youth of the Island are our future – this generation will shape the growth of the Isle of …

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William Hill takes on record political wager

SBC News William Hill takes on record political wager

A William Hill customer has gambled £600,000 on a NO vote in the upcoming Scottish Independence Referendum. The company said the punter staked a record political bet of £400,000 in June, when the odds were 1/4, but has since returned to the same Hill’s branch in Surrey and added an extra £200,000 to his wager, this time at odds of 1/6. He stands …

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Shareholder pressure mounts on Richard Glynn

SBC News Shareholder pressure mounts on Richard Glynn

. The Sunday Times reports that shareholder pressure is mounting on Ladbrokes Chief Executive Richard Glynn The Newspaper claims that a group of top-level shareholders of Ladbrokes are currently waiting on the publishing of the operators interim financial report . The Shareholders will than ask the board to remove Glynn from company operations. According to the Ladbrokes consensus forecast, revenues …

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Zynga posts $63 million net loss

SBC News Zynga posts $63 million net loss

San Francisco social games and gambling developer Zynga reported second quarter operational net losses of $63 million (£37 million), an increase of  75% on the 2013 corresponding period. The significant losses in revenues has caused Zynga senior management to lower corporate and financial expectations for the social gaming developer. Zynga Q2 operational report saw the company post revenues of $153 …

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