Sportech chief executive Ian Penrose said that the company remains ‘well positioned for future growth’ in the US market and that the company has entered 2014 with confidence. Penrose made the statement during Sportech’s preliminary results for the year in which revenue grew slightly to £110.3m, as did EBITDA to £26.0m, although adjusted profit before tax was slightly down to …
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William Hill has posted a slight loss after tax for 2013 (down 2 per cent to £226.5m) but the underlying trends in the business indicate a company still on the up. Net revenue for the whole company was up 16% to £1.49bn with Retail Net Revenue up 8% to £907m and online Net Revenue jumping 10% to £446.3m. Operating profit …
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Several real-money online poker networks have gone live in Nevada, Delaware and New Jersey, and as a result the exclusive forum dedicated to online poker player issues will return to iGaming North America 2014. This year, the poker track at iGNA has an enlarged poker player panel along with the addition of a timely poker-specific session: Regulated Online Poker – …
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Activist investors SpringOwl Gibraltar Partners B have agreed in principle to acquire 6.1 per cent of Bwin.party’s share capital, fuelling rumours that the company is on the verge of being broken up to realise value for shareholders. SpringOwl is buying the shares from Emerald Bay Limited and Stinson Ridge Limited, companies connected with Bwin.party founders Ruth Parasol DeLeon and Russell …
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The management of Callcredit Information Group, innovative providers of consumer data solutions, software and analytics, have teamed up with Chicago-based private equity firm GTCR to acquire the company from Vitruvian Partners. GTCR and Callcredit’s management team, led by CEO John McAndrew, are investing behind the company’s strong growth trajectory, innovative product offering, and service-oriented culture. Vitruvian, a middle market private …
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UK sports betting operator William Hill has agreed a deal with US track racing media and broadcasting company – Turf TV broadcast live racing horse and track racing. Turf TV, the brand name of Amalgamated Racing Limited (AMRAC), is a joint venture between Racecourse Media Services Limited and Timeweave. The channel will provide coverage of US racing from courses such …
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UK based sports media and betting insight and informations services operator Perform Group, will look to grow its business in the US, through digital distribution of media rights and video streaming of sports content. The US sports market has become a major target to Perform Group, after a difficult 2013, in which the operator had warned investors and analysts that …
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Skrill the online payment and transaction service provider, has confirmed that it will withdraw transaction services for igaming operators targeting Canada. Skrill sent an email communication to igaming operators stating that from January 2nd 2014 transactions to operator products and website would be halted, Skrill looks to halt all gaming transactions by the 31st of January 2014.The payment services provider …
Read More »New Jersey Governor Republican Chris Christie stated that he would ask the US Supreme Court to permit sports betting to take place in authorized New Jersey state casinos, after a federal appeals court said late Friday it would not rehear the Governors re-appeal for sports betting . US professional sports leagues and the National College Athletic Association (NCAA), have previously …
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