Retail

Reporting on its preliminary 2014/15 corporate performance (year ending 30 June), FTSE 250 listed gambling operator Rank Group Plc was pleased to announce top line growth on all key performance metrics. A strong 2014/15 performance would see the operator record a 4% uplift in group revenues to £738 million, Rank Group would report year-end operating profits of £84 million up …

Gala Coral has bucked a trend by announcing good trading figures for the group’s third quarter period, ending 4 July. Net Revenue of £305.0m was 6% ahead of last year, and EBITDA of £65.7m was up 8%, boosted by continued growth in Online and Gala Retail. The figures are despite the £7.2m extra costs of gaming machines caused by an …

Tatts Group CEO Robbie Cooke, has outlined that the unifying UBET brand and operations, will be the key driver of Tatts Group future corporate growth. Presenting 2014/2015 year end results (period ending 30 June), Tatts group posted net profits of AUS $252 million (£117 million) up 25% on the corresponding years performance of AUS $200.4 million. Driven by record sales …

Paddy Power has announced another early political pay-out, as the bookmaker confirmed that it had cashed out + £100,000 on Jeremy Corbyn winning the Labour Leadership Election. Releasing a statement to the UK media, the bookmaker reported that it had closed the political market with almost a month of party member voting left (results will be announced on 12 September). …

Asian focused casino and leisure operator Donaco International Limited has announced an international marketing partnership with Premier League football club Manchester United. Manchester United are set to promote Donaco resorts in Thailand, South Korea, Cambodia, Vietnam and Laos to its +300 million worldwide fan base. Donaco governance stated that its company would support Manchester United international coverage, operations and social …

Last week’s unexpected devaluing of the Yuan by the People’s Bank of China’ will likely have negative impacts throughout Asia’s casino and leisure industry, according to numerous Asian business analysts. Aimed at stabilising the national economy and maintaining growth and employment rates, the devaluing of the Yuan is thought to represent China’s largest depreciation its ¥. currency for twenty years …

Eastern European sports betting and gambling operator Fortuna Entertainment has announced that it has re-hired Michal Hanák as its Chief Sports Betting Officer, as the operator looks to strengthen its presence and services within core markets. Hanák re-joins Fortuna Entertainment having served as Head of Trading and as a member of the operator’s board from 2005-2012. From 2012-2015 Hanák would …

Gambling technology provider Genii has announced an agreement to integrate its extensive range of casino games to Altenar’s fully managed gaming solution. The agreement will bolster Altenar’s mobile and desktop casino offering with Genii’s portfolio of over 130 games, headlined by its new, unique Spin 16 product range.Utilising the full area of touchscreen devices, Spin 16 uses patented technology that …

Following last Friday’s news reports that sports betting and racing technology firm Sportech had entered merger talks with Canadian firm Contagious Gaming. This morning the Toronto TSX Venture listed Contagious Gaming confirmed that it had entered talks with Sportech regarding a potential merger for the formation of “combined, technology-focused, sports wagering company”. Contagious Gaming stated that it had made its acquisition intentions under …

Italian licensed sports betting operator Sisal Matchpoint has announced that it agreed terms to become the official betting partner of AS Roma for the upcoming Serie A season 2015/2016. The conformation of the betting partnership. comes just days before the start of the Serie A season, which kicks-off this Saturday 22 August with the Giallorossi (AS Roma nickname) taking on …