Presenting his first market update, Frank Gibeau new CEO of Zynga Plc detailed that he was confident of the company’s long term performance as the social games developer beat Wall Street forecasts. Top titles for Zynga such as Farmville generated sales of $187 million for Q1 2016 (period ending 31 March) up 8% on 2015 corresponding $183 million Despite its …
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TV Azteca invests in Fantasy Network LATAM expansion
Mexican broadcaster TV Azteca has confirmed that it will invest $1 million in DFS software provider Fantasy Network, with a further $10 million committed in advertising of a future Daily Fantasy Sports brand for LATAM regions. TV Azteca confirmed this morning that it had entered a ‘memorandum of understanding’ with Fantasy Network management, which will see the DFS supplier expand …
Read More »37% Q1 earnings decline sees Fortuna revise 2016 corporate guidance
A tough opening to its 2016 corporate performance, has seen Eastern European gambling operator Fortuna Entertainment revise its year guidance detailing an EBITDA drop ranging between 10-15%. Updating the market on its Q1 2016 (period ending 31 March), Fortuna reported a group wagering increase to €251 million (up 26% on corresponding Q1 2015) combined with Gross Win revenues of €38 …
Read More »Unibet ‘Named & Shamed’ by Lithuanian gambling regulator
Lithuania’s Gaming Control Authority (GCA) has publically criticised Stockholm-listed European online betting operator Unibet, for allegedly breaching its online gambling policies. The GCA who under the authority of Lithuania’s Ministry of Finance issued a blacklist in January, detailing Unibet, William Hill and Betway amongst European operators deemed to have breached national gambling laws, stated that Unibet had breached laws by …
Read More »The lost art of odds compilation: implications for serious punters
In part two of his article on pricing in the betting industry, Jeevan Jeyaratnam of Super Soccer GPS highlights some of the mistakes that occur because of the way trading rooms work these days, and the implications for the customer. Confidence in some large scale price providers is low, and rightly so judging by a couple of ‘early shows’ we’ve witnessed this …
Read More »Newcastle Racecourse installs all-weather track in time for 188BET Raceday
Newcastle Racecourse management has confirmed the successful installation and trial of its new tapeta all-weather track at Gosforth Park Racecourse Following a testing undertaken by 40 horses, British Horseracing Authority (BHA) inspectors cleared the new track for sanctioned racing. The racecourse will now open in time for the first 188BET All-Weather Raceday on 17 May. a £60,000 seven race card …
Read More »Tipster Challenge: No Heretic gives bettingexpert a lift
It was a good week for the bottom half of the Tipster Challenge table at Chester, as Timeform landed 4 winners for a total of 8.33 points, and Stephen Harris of bettingexpert picked the longest odds winner of the day in No Heretic (11/1). Despite that long odds success, SBC News were able to move further clear at the top, …
Read More »Betfair – Trump hits lowest odds for US Presidency victory
Following the announcement that Republican Presidential nominee candidates Ted Cruz and John Kasich had conceded GOP party representation to Donald J Trump, Betfair’s online exchange has recorded its lowest price on ‘Trump taking the White House’! The Betfair exchange currently prices the controversial New Yorker at 3.7 to become the next US President. At current market pricing Betfair detailed that …
Read More »IBA – Irish betting shops need to reinvent themselves
Speaking to The Irish Independent newspaper, Sharon Bryne Chair of the Irish Bookmakers Association (IBA) has stated that Ireland’s retail betting sector is in dire need of strategy rethink. Since 2008 reports show that Irish retail betting shops have dropped €1 billion in revenues, representing a 30% industry decline. Furthermore, recorded wagering has fallen from €3.7 billion to €2.6 billion …
Read More »West Bromwich Albion bags biggest shirt sponsorship ever with UK-K8.com
Midlands football Club West Bromwich Albion has confirmed its most lucrative shirt sponsorship ever by announcing online casino operator UK-K8.com as its new shirt sponsor for next season’s Premier League 2016/17. West Bromwich Albion marketing disclosed that the shirt sponsorship agreement will run for an initial two-year period. UK-K8.com a brand operated by Asian gaming operator K8 Group, will work …
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