FRI, 24TH MAR 2017

In-Depth Analysis for the gaming industry

Financial News

23rd March
Cheltenham Festival proved to be a record breaking week for PBS and Smarkets
Playtech BGT Sports (PBS) reported record-breaking shop SSBT performance during the Cheltenham Festival. It was the first Cheltenham Festival...
23rd March
Vietnam's $2bn casino gets the go-ahead
FLC Group Joint-stock CO. has joined the increasing number of foreign and local investors betting on Vietnam’s new legislation which allows...
23rd March
GVC hails successful Bwin integration as it reports full-year revenue growth
Isle of Man-headquartered GVC Holdings has reported pro forma net gaming revenue growth of 9% in its full-year results for 2016,...
22nd March
Amaya hits record revenues for 2016
Canadian gaming and online gambling operator Amaya Inc. has reported a fourth-quarter profit in its full-year 2016 results. The results are...
22nd March
Pennsylvania senator unveils online gaming bill
Yet another online gambling and gaming reform bill has been presented in Pennsylvania. The 207-page online gambling and gaming reform piece...
21st March
Adelson tops Forbes' rich list again
According to the Forbes Magazine’s list of the world's wealthiest billionaires, Sheldon Adelson continues to be the richest person in the...
21st March
888 revenues send it straight to the top of UK market
Online gaming and solutions provider, 888 Holdings has declared a special dividend for the fifth straight year as full-year pre-tax profit...
20th March
Edgeless.io $2m crowdfunding leads the way for Ethereum-based gambling
Edgeless.io has raised over $2m to date, making it the most successful Ethereum-based gambling ICO in history. The company raised over...
17th March
Pennsylvania table games revenue drops 3% during February
Pennsylvania casinos experienced a dramatic decrease in gross revenue from table games during February 2017. According to data released by the...
17th March
‘Political risks’ expected to delay Cebu casino
A group of potential investors in the US$1.4-billion casino project on the Philippine island of Cebu has dropped out due to...
16th March
Tabcorp fined $45m for anti-money laundering and counter-terrorism
The Federal Court has fined gaming operator giant, Tabcorp $45m for breaches of anti-money laundering and counter-terrorism financing laws on 108...
14th March
Industry financiers tap into eSports betting market with Blinkpool investment
Blinkpool has recently secured $700,000 in funding from venture capital investors Velo Partners and 12 other industry players who are keen...
10th March
IGT achieves “important milestones” as full-year finances rise
IGT recorded strong overall progress in its full-year results for 2016, posting year-on-year growth of 10% to a total of $5.2bn. ...
9th March
Baazov offloads $100m worth of Amaya’s stock
David Baazov has sold seven million common shares in Amaya Inc, almost a third of his stake in the Montreal-based online...
9th March
32Red reports surging growth in 2016
Online operator 32Red has announced record revenue growth in 2016, growing 28% to £62.3m, the vast majority of which was generated...
9th March
Paysafe revenue exceeds $1bn in full-year results
Payments services provider Paysafe Group exceeded $1bn in revenue for the first time in its 2016 full-year results, representing year-on-year growth...
7th March
Paddy Power Betfair’s latest results show considerable growth
Paddy Power Betfair plc generated double-digit growth across its divisions during 2016, according to the latest figures released by the group....
6th March
South Korea’s gambling revenue nears $18bn in 2016
Increases in gaming and lottery sales of 7.7% for 2016 saw South Korea’s gambling industry generate a total of KRW 20.3tn...
3rd March
Baazov charged with five counts of illicit ‘insider trading’ activity
On 20 November 2017, Amaya’s former CEO David Baazov will be brought to Canada’s High Court by Quebec securities regulator Autorité...
3rd March
Scientific Games continues to grow in Q4 results
Industry provider Scientific Games has reported its fifth consecutive quarter of growth, with revenue for Q4 rising 2% to a total...
3rd March
GVC signs long-term financing deal worth €320m
Online gambling firm GVC Holdings has raised a €320m leveraged loan, making the company’s first venture into the syndicated debt markets...
2nd March
Macau’s February growth exceeds analysts’ expectations
Monthly gross revenue from games of fortune in Macau climbed by 17.8% to 23bn patacas in February, marking the seventh month...
27th February
Tax avoidance case hits Ladbrokes with £71m penalty
This weekend, business news sources reported that Ladbrokes has lost an appeal over a tax avoidance case. After judges ruled against...
27th February
Mor Weizer exclusive: "Playtech is determined to maintain its position"
How would you summarise Playtech’s results for 2016? What is your reaction to them? The main take away from these...
24th February
William Hill release 2016 results
William Hill has released its results for the full-year of 2016. The Group reported a net revenue increase of 1%...
23rd February
Playtech announces record results for 2016
Industry provider Playtech has reported impressive growth in its 2016 full-year results, with revenue rising 20% at constant currency to €708.6m,...
22nd February
Yggdrasil report impressive full-year and quarter four results
Yggdrasil recently released its impressive quarter four and full-year results for 2016. The company’s fourth-quarter revenues increased by 207%...
21st February
MGM China release quarter four and full-year results
MGM China Holdings Limited recently announced the selected financial data of the Company and its subsidiaries for quarter four of 2016...
21st February
Cherry announces surging growth as Holmgren named CEO
Stockholm-headquartered Cherry AB has announced an increase in group revenue of 109% in its full-year results for 2016, climbing to 1,102.4...
16th February
Borgata Casino and New Jersey reach tax appeal settlement
New Jersey has agreed to pay $72 million Atlantic City's Borgata casino to in order to settle a long-running tax dispute....
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