Tag Archives: finance

Delasport bolsters finance team with Pasternack appointment

Pasternack

Delasport has added “fresh perspectives and new capabilities” to its leadership team through the appointment of new Chief Financial Officer Alon Pasternack. Pasternack, said Delasport, brings a wealth of experience in regulation and the iGaming industry, as well as strong qualifications from leading global finance organisations. As the new CFO, he will drive operational gains and steer Delasport’s growth strategy …

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Danish owned Fibetco launches BetOnFinance.dk

Danish owned Fibetco has launched BetOnFinance.dk, a game that merges the financial and gambling markets. BetOnFinance will take up a unique spot in the Danish gambling sector and within international markets, as part of Fibetco’s vision to ‘make financial markets available for the man on the street.’ Fibetco has built up over 30 years of experience within the financial markets …

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Predict the Six turns to crowdfunding to finance ‘rapid’ expansion

Premiership based football betting game Predict The Six has launched a crowdfunding campaign in order to fulfil its ambition of rapid expansion. The football jackpot game is aiming to become a modernised football pools for the 21st Century. It launched last season, and enjoyed considerable success, with the idea of the game very simple to understand, and easy to use. …

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New mobile sportsbook boosts Ladbrokes

Some good news for Ladbrokes in the bookmaker’s poor annual results has come in the shape of its mobile strategy. The firm launched its new mobile sportsbook in December and has seen amounts staked and sign ups up by more than 50% and active players growing by more than 30% year on year since the launch. Over the 2013 mobile …

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Increase in costs wipes out retail gains

A 6.6 per cent increase in operating costs and a 20 per cent increase in gaming machine taxation saw Ladbrokes’ UK retail division post a 25.9 per cent drop in operating profit for 2013 to £133.9m. While gaming machines saw a net revenue increase of 20.2 per cent to £408.4m (mostly driven by growth in £2 stake B3 content), over …

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Perform looking abroad for growth

UK based sports media and betting insight and informations services operator Perform Group, will look to grow its business in the US, through  digital distribution of media rights and video streaming of sports content. The US sports market has become a major target to Perform Group, after a difficult 2013, in which the operator had warned investors and analysts that …

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William Hill Post Q4 Surge

UK Gaming and sports betting operator –William Hill expects 2013 group operating profit to be around the £335m mark, as the operator report a strong Q4 results to finish the 2013 financial year. The operator further reported that EBIT before exceptional items would reach + £320m. Additionally William Hill reported a boost in net revenue by 14%. Key Q4 drivers …

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32Red Post a Record 2013

Gibraltar based igaming operator 32Red published that  it had posted record annual revenues for 2013. The company stated that it had now witnessed 4 years of consecutive annual growth for its gaming operations in casino and sports betting. The operator revealed that its total revenues had increased by 21% on 2012 figures to £38.8m in 2013. Management at 32Red had …

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Spain’s Groupo Codere Enter Debt Talks

Spanish Gaming Group – Codere, has issued a corporate statement declaring that the group would not make its debt interest payment due on Jan. 15 2015  on a several bond issues. Codere added that it was continuing debt restructuring negotiations with creditors to help the company maintain operations. According to news source Bloomberg, Codere have been granted an extended loan …

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500.com File For US IPO

Chinese digital lottery and sports betting operator 500.com has filed for a $150m initial public offering. The Chinese operator has yet to declare how many US depositary shares it is willing to to offer in its initial filing. 500.com has applied to list on the New York Stock Exchange under the symbol WBAI. Deutsche Bank AG is managing the offering. …

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