Betfair Plc announced that it had recorded a 22% rise to £119 million in Q2 2014 gaming revenues. The operator outlined that its positive performance had been driven by a strong growth in active customers and favourable sporting results reported during the period ending 31 October. Betfair senior management stated that the operator had continued its positive momentum, gained from …
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Horseracing broadcaster and data supplier SIS has appointed former Ladbrokes and Betfair executive Paul Witten as Commercial Director. Witten joins SIS from Tipp24, the German lottery business and is tasked with making SIS’s planned growth initiatives a success and will enhance the strength of its core video and data into retail betting products. His key responsibilities will include strengthening the …
Read More »An appeal by the German state of Hesse against the suspension of the gambling licensing procedures has failed at the Higher Administrative Court Kassel. The Hesse Ministry of the Interior and Sport had been instrumental in issuing the 20 licences under the Interstate Treaty on Gambling, but some of the operators who didn’t get a licence have appealed against the …
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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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Football pools jackpots betting operator Colossus Bets, announced that the last surviving player in the weekend’s £1,000,000 HDA15 Football Jackpot has been offered £324,477 for 100% of their live ticket with just two legs left to go. Having played through Betfair, one of Colossus Bets’ B2B partner sites, the player was made the offer of £324,477 for the ticket following Stoke’s 1-0 victory …
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The Scottish referendum result marks the fifth time in a row that the Betfair Exchange has correctly predicted a significant political outcome as the NO vote confirmed what the Exchange had been pointing to for several months. Betfair had consistently called the NO vote as around an 80% chance to win, with the YES campaign around a 20%, despite opinion …
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Betfair has claimed responsibility for a stunt which saw Super Rich Cash Machines, a mysterious ATM provider that appeared on Tooting High Street on Wednesday morning, dispensing more money than was expected to customers. News of the malfunctioning cash machine broke on Wednesday morning across social media as members of the public tweeted about the free cash they were receiving, …
Read More »On 18 September, Scotland’s voters will decide whether to stay part of the United Kingdom or go it alone. Betfair’s political trading desk has released a set of charts monitoring % chance of the Scottish Referendum’s Yes and No campaigns. The charts published by Betfair’s Exchange demonstrate the implied % chance of each voting outcome. Betfair’s Exchange has so far …
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Betfair plc posted its opening Q1 2015 financial performance for the three month period ending 31 July 2014. The London listed operator posted a strong opening which saw net gaming revenues up 30% to £117.3 million (Q1 2014: £90.4 million). Its sports betting division posted a 30% net revenue increase to £83 million (Q1 2014 £64 million), igaming divisions further …
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Bernard Marantelli, CEO and founder of innovative football pool operator Colossus Bets, explains how the company is continually developing its B2B and B2C offering. You’ve just launched HDA15 – a 15 team accumulator with a £1m jackpot. What is the thinking behind this? We built this company in the belief the public wanted lotto sized sports jackpot bets with Fractional …
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