Tag Archives: euro 2016

William Hill hails revenue growth amid 11% drop in profits

William Hill has claimed wagering growth across all four of its divisions in the first half of 2017, although profit before interest and tax was 11% lower than the corresponding period in 2016. However, given that there was some revenue growth (3% to £837.0m) against last year’s figures which had been boosted from the Euro 2016 tournament, and adjusted operating …

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GVC posts 10% NGR growth despite major tournament absence

GVC - Copyright: 8vfanrf / 123RF Stock Photo

GVC Holdings has reported a Group net gaming revenue (NGR) increase of 10% from the first half of last year (€441.8 to €484.8m), even in the absence of a major football tournament. Issuing its combined H1 and Q2 trading update, GVC also showed that Group NGR per day was up 10% from H1 2016 and 8% for Q2, even though …

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Bet365 holds firm despite changing bookmaker demand in Russia

bet365 & Bookmaker Ratings - Copyright: boarding1now / 123RF Stock Photo

As the process of “squeezing out” foreign bookmakers in Russia gathers pace, bet365 is one of the only operators to avoid a decreased level of interest from Russian users. Data compiled by Bookmaker Ratings has shown that the practice of blocking online bookmakers prohibited in Russia has affected the number of inquiries via search engine Yandex, as users want to …

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Lennart Gillberg – Spiffx – What 2016 meant to me

Lennart Gillberg 2016 & Cheza Gaming

SBC News caught up with Spiffx founder Lennart Gillberg to reflect on an eventful 2016 in the sports betting industry, and a breakthrough year for his betting exchange company. Favourite Memory of 2016 Launching the first version of the Take5Live app during Euro 2016. Take5Live is an engaging game based on Spiffx market activity that allows customers to place bets on …

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Marketing expenses outpace revenue growth for Bet-at-home

Bet-at-home enjoyed a successful third quarter in part due to the European Championships, but it still saw its marketing expenses outpace gross gaming revenue growth for the nine months to September. The Austrian, German and Eastern European-facing operator saw gross gaming revenues for the nine-month rise nearly 15% to €100.4m. Net revenue after gaming taxes and VAT rose 13.5% to …

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Profitable Euro 2016 for combined Paddy Power Betfair

Paddy Power Betfair’s third-quarter revenue performance for its sportsbook was flattered by the recent decline in the value of the pound but still managed a 15% rise in constant currency terms over the period. Total sports net revenue came in at £316m. Adding in gaming net revenues of £88m, which rose 14% in constant currency terms, and the total net …

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Kambi continues strong 2016 momentum following ‘all-growth’ Q3 2016

Stockholm Nasdaq-listed online betting platform provider Kambi Group Plc (Kambi) continues its positive 2016 momentum as the company welcomed new partners in its latest quarter performance Publishing its ‘unaudited’ Q3 2016 update (period ending 30 September), Kambi recorded a 15% revenue gain to €14.8 million (Q3 2015: €12.8 million). Its positive Q3 revenues, would see the Kambi post year-to-date corporate …

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BetVictor socially boosts ‘Golden Goal’ campaign with the Ball Street network

UK independent bookmaker BetVictor has partnered with social media and ‘influencer’ marketing specialist Ball Street to boost the launch of its £100,000 ‘Golden Goal’ campaign. The Gibraltar-based bookmaker will utilise Ball Street’s network of influencers (YouTube content creators, fan channels and football commentators) to socially boost its Premier League promotion. BetVictor has previously worked with Ball Street during this summer’s …

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Betsson back on track following strong Q3 2016 performance

Stockholm-listed online sports betting group Betsson AB has recovered from a disappointing Q2 2016 performance, posting a 9% increase in corporate revenues to SEK 1.06 billion (€110 million) for its Q3 2016 corporate performance (period ending 30 September). Presenting its Q3 update, Betsson governance detailed top-line metric growth across all its core verticals, as the operator recorded a period operating …

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NetBet becomes first UK licensed operator to accept Bitcoin

NetBet has announced that they will accept Bitcoin for bets on their sportsbook and casino products. The UK bookmaker and online casino operator has become the first licensed operator in the UK to embrace the virtual currency. NetBet customers will now have the option to use Bitcoin to load their accounts via the Neteller and PaySafe payment methods. Alexandre Mangaud, …

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