Tag Archives: investec

Stride places itself under ‘offer period’ reviewing all future options

Issuing a market statement, the governance of London AIM-listed online gambling group Stride Gaming Plc has clarified its strategic position/intent, following media reports that it seeks an outright sale of the business. Stride governance confirms that at present ‘all strategic options are being considered’ with a view to maximising shareholder value, including – i) implementing an aggressive UK and international …

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City views tough Q2 trading outlook for FTSE bookmakers

Industry market analysts are weary of FTSE listed operator stock performance, taking the position that ‘punter friendly’ sporting results, rising costs and a tough 2016 comparable period, will have hindered all-round Q2 trading. As FTSE-listed bookmakers prepare to announce their full H1 trading results this coming July and August. City analysts have placed a gloomy forecast for industry H2 performance, …

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Playtech pushes on with Q3 revenue rise

Industry supplier Playtech has posted a 47% increase in revenues for the third quarter with increases in all divisions, apart from poker. The growth has been boosted by the company’s recent acquisitions, the figure would be around half if they were discounted, but it still represents impressive progress for the firm. Regulated revenues accounted for over half of group revenues …

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888 performance ‘significantly ahead’ for 2014

Online gaming operator 888 has said that it expects to announce a first half performance ‘significantly ahead’ of last year’ in a surprise trading update to the London Stock Exchange. For the six month period ended 30 June 2014, 888 said it has continued to deliver a very strong performance in comparison to the same period in the prior year. …

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Tax increase hits bookmaker shares

Shares in Ladbrokes fell by almost 12 percent to 139.8p yesterday, while market leader William Hill was down 7 percent at 350.1p, as the market responded to Chancellor George Osborne’s latest tax raid on the betting industry. The Treasury increased the rate of Machine Games Duty (MGD) on games with a stake higher than £5 from 20% to 25%, with …

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