World Cup 2014

Betfair – Paddy Power merger on course for Q1 2016

The merger between Paddy Power and Betfair is all set to be completed early next year, according to Betfair CEO Breon Corcoran. During the exchange operator’s half year results, the company confirmed that all relevant regulatory filings have been submitted and the merger is on track for completion in Q1 2016, subject to shareholder and regulatory approval Betfair appears to …

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Online performance boosts Gala Coral’s quarter

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 …

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Lennart Gillberg: establishing Spiffx as the alternative market place

Preparing his company for a Noridic OMX NASDAQ IPO, Spiffx Founder Lennart Gillberg explains to SBC why he is bringing the innovative new betting exchange to the market and his company’s goals for 2015.  SBC: Can you outline your corporate journey from creating an alternative betting exchange to listing on the Nasdaq Nordic OMX? Lennart : We started four years ago by having …

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ARJEL – World Cup 2014 boosts French sportsbook revenues

French online betting and gaming regulator Autorité de Régulation des Jeux En Ligne (ARJEL), published its Q3 2014 industry performance report. The regulator reported that gross gaming revenues from sports betting had increased 94% to €60 million (2013 Q3 – €31 million). The online regulator said that the industry’s positive sports betting performance had been primarily driven by high betting …

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France-Pari on a roll for three consecutive quarters

French operator France-Pari has announced that it has made a profit for three consecutive quarters. During the third quarter 2014, the company’s revenues grew up to €4.1 million compared to €3.2 million for the same period in 2013. Company EBITDA for the quarter amounted to €115,000 and net income to €70,000. Cumulative revenues for the first three quarters of 2014 …

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Mobile almost a third of total revenues

The latest Online Gambling Quarterly report from MECN has had a number of unusual events to assess, given that the first half of 2014 was marked above all by the FIFA World Cup and some events, such as the PokerStars acquisition, that shook up the industry. This new report covers online gambling industry benchmarks, KPIs, and related topics and comes …

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BAC moves to the Barcelona International Convention Centre

The Barcelona Affiliate Conference (BAC) will be returning once again to the Catalan city on the 23rd – 26th October 2014. Conference organisers, iGB Affiliate, have announced that the conference will be moving to a new venue for 2014, the Barcelona International Convention Centre (CCIB). “We are extremely excited that the show has grown to the extent that we have to move …

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Digital transition sees Ladbrokes’ profits cut in half

Ladbrokes has seen its profits halve in the first six months of the year as the bookmaker suffered a transitional period for its digital business. Profit after tax dropped by 49.8% to £23.7m for the period, with huge drops in operating profit for UK Retail (down 21.3% to £57.6m), European Retail (down 32.0% to £6.6m) and digital (down a whopping …

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World Cup worth £16m to Unibet

Swedish-based operator Unibet generated gross winnings of £16m during the World Cup, according to the firm’s interim results, with £9.5m generated in June and £6.5m in July. Almost half of Unibet’s turnover during the World Cup came from live betting, a figure much lower than the operator’s usual operations. While Unibet had a comprehensive pre-match offer with over 350 bet …

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GTECH sports betting boosted by World Cup

InCrowd

GTECH’s sports betting operations in Italy grew by 26.6% in the last quarter, which the firm has attributed to the FIFA World Cup, the introduction of virtual betting in the country and a stable payout percentage. Sports Betting saw revenues grow to €40.1m in Q2 from €31.7m for the same period in 2013, with turnover also jumping 22.9% to €218m. …

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