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The Hong Kong Jockey Club posted 2013 interim reports with racing turnover jumping 12.3 per cent to a record HK$94.4 billion – equivalent to 9.27 billion/$12.16 billion, senior management attributed growth seen in revenues to an exceptional year in horse racing for the South Asia racing club. The record horse-racing turnover surpassed that of the previous peak year, 1996-97. The …

Sports betting exchange and igaming operator Betfair are starting to reap the benefits of cost cutting implementations and that were sanctioned by senior management with a view of streamlining company operations that began at the start of 2013. Betfair implemented these measures after rejecting a £1 billion takeover by CVC Capital Partners in early 2013. The publication of the company’s …

Ahead of next weeks International Olympic Committee (IOC), UK bookmakers have marked the Tokyo Olympic bid as favorite to win the voting competition. The 100 IOC members will gather next week in Buenos Aires Argentina, to select which candidate city will secure the 2020 Olympics. The desicion will be televised worldwide on the 10th of September. Currently Japan’s Tokyo bid …

iGaming software supplier Playtech published positive interim results for  2013 that saw the company report a 15% year-on-year increase in total revenues to €176.8 million ($237 million) in the first half of 2013 from €1 53.8 million the previous year. Playtech further announced that gross income had increased to €194.9 million to generate an adjusted net profit of €84.9 million, …

B2B software, Sporting Solutions  the data analysis division of the Sporting Index Group, has entered into a major collaboration with the University of Salford to establish a Trading School of Excellence (TSE).  Individuals who successfully complete the TSE course will be awarded a Post-graduate Certificate in Sports Pricing and Trading – a higher education qualification between a Degree and a …

Irish igaming operator paddy power published its 2013 interim report,publishing  to shareholders and investors a  12% year-on-year rise in pre-tax profits to €77 million ($103.2 million). Paddy Power stated that strong online and mobile growth had been the key drivers in the companies strong performance for the first half of 2013. Net revenue generated through its digital platform had witnessed an …

AIM listed Media Corporation the owners of Intabet have announced that they will cease operation and investment of its Intabet sports betting platform. After a review into its sports betting platform and technology, directors at Media Corporation concluded that future investment in Intabet technologies would no longer be viable and Intabet operations did not fit with Media Corporation Plc plans. …

On the surface, Indian horse racing is growing strongly. Annual betting turnover rose 53.2 percent to INR 30.25 billion ($498.5 million) between 2006 and 2011, according to figures provided to the International Federation of Horse racing Authorities. The annual number of races run rose 28.2 percent to 3,312 over the period.   But there are signs of disquiet. “There haven’t …

Sportech operators of betting pools and horse racing have seen a dip in operational performance with regards to revenue generation and profits from its range of gaming services. Sportech published its six month interim report for 2013, publishing that adjusted profits fell from £7.4m to £5.9m on  revenue flat at £57m. The Liverpool based company noted that first half loss in its …