Tag Archives: results

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

William Hill’s Australian operation was the only one that increased its operating profit in the fourth quarter, thanks to the Spring Carnival period, with a 59% jump mitigating somewhat a 13% drop in retail operating profit and a 6% dip online. It meant that the group’s Q4 operating profit as a whole dropped 7%. On a full-year basis, Group net …

Online operator 888 Holdings has recorded an increase in revenues of 15% to US$111m for the second quarter of the year, with all divisions experiencing growth. 888’s Emerging Offering channel, which incorporates its 888Sport sportsbook, saw an increase of 15% to $7m, with casino, poker and bingo all experiencing uplifts of 15%, 2% and 17% respectively. On the B2B side, …

William Hill has announced a 26% drop in profits after tax to £98.6m for the first half of the year, although net revenue over the period increased by 7% to £805.2m. Group operating profit was 2 per cent lower at £176.9m, which the bookmaker said reflected the impact of more customer-friendly results year on year, particularly in the first quarter. …

Bwin.party Chief Executive Officer Norbert Teufelberger believes that the group has reached a ‘turning point’ after suffering a ‘challenging year’. Total revenue for 2013 dropped by 19% from €801.6m (£671.5m) to €652.4m (£546.5m) which the company said reflected its shift in policy from ‘volume to value’, ISP blocking in Greece, migration losses and the full year impact of gaming taxes …