Online casino operator 32Red has reported a fourth consecutive year of record revenues – up 21% to £35.6m – and underlying EBITDA – up 46% to £5.0m. Profit before tax was up 12% to £2.3m. Chief executive officer Ed Ware said: “This is our fourth consecutive year of delivering double digit growth in both sales and EBITDA underpinned by a …
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The Remote Gambling Association (RGA), GamCare and the Gordon Moody Association have launched a project to provide assistance to people who may have a problem gambling and want to self-exclude from online gambling websites. The initiative, which was conceived at a meeting of the RGA’s social responsibility committee, will enable counsellors at GamCare and Gordon Moody to help their clients …
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Playtech founder Teddy Sagi is selling 10% of the company for £212m($353 million), the supplier has told the stock market. 29.3m ordinary shares are being sold for 725p, despite them reaching a record high of 818p last week. The shares are owned by Brickington, a company in which Sagi is beneficially interested, and Playtech was at pains to highlight that …
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Former Greek state owned gaming operator – OPAP has selected gambling and lotteries software provider GTECH as its online gambling provider. OPAP had created a closed tender with selected pitches to software suppliers 888 Holdings, Openbet , Playtech and GTECH. GTECH is set to provide the Greek State operator with full digital gambling provisions and player management systems. The account …
Read More »Sports media group Perform in 2103 confirmed earnings per share fell seven per cent in 2013, but said it has plans in place to address its problems. Despite revenues growing 37% to £208.1bn, helped by the acquisitions of sports data experts Opta and Perform Sporting News, a swollen cost base and weak second-half advertising market saw a 3% slide in …
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Optimal Payments Plc. (LSE AIM: OPAY), a leading global online payment provider, announces the launch of an all-new NETELLER® online payment processing service. Working through a federally-insured U.S. financial institution sponsor, Optimal Payments is bringing these services to the U.S. marketplace. The NETELLER service and Net+® Card in the U.S. leverage the wealth of experience that Optimal Payments brings to the payments …
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Betathome.com / AG Group released its annual performance report for 2013 (period – 01/01/2013 to 31/12/2013). The operator was pleased to announce a 578% increase on EBIT figures in 2013, citing new corporate strategies and a focus to reduce operational costs as key drivers for the positive figures. The sports betting and igaming operator reported a 10% decline in gaming …
Read More »April 8th-9 2014 will see the hosting of the Scandinavian iGaming Forum at the Grand Hotel Stockholm. Key agenda will centre round the evolving regulations and player trends of igaming markets in Sweden, Norway, Finland, Denmark and Iceland. The two day conference will aim to bring further insight into the development of regulation concerning the regulation of igaming in the …
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Former Chief Executive of Ladbrokes Plc, Chris Bell is set to bring Israeli igaming marketing and player acquisition operator XL Media to the London Alternative Investment Market (AIM). Mr Bell, appointed to aid the floatation of the company has appointed bankers Cenkos Securities to undertake the proposed stock market flotation. XL Media provides digital marketing and player acquisition services for igaming …
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Michael Mueller co-founder of pre-paid payment provider – paysafecard has stepped down from his position as Chief Executive. Mueller had served as CEO, of the payment services company since 2005, and had been a core member of the founding team in 2000. Paysafecard announced that Udo Mueller would now be taking over the role of CEO. paysafecard is one of …
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