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Financial News

29th January
BetUK takes up Queens Park Rangers sponsorship deal
English Championship football team Queens Park Rangers (QPR) has changed shirt sponsor and betting partner from Royal Panda to...
27th January
Coates family payments top £276m as Bet365 owners become Britain's highest taxpayers
The tax paid by Bet365’s owners, Denise, John and Peter Coates rose by 177% from £156m ($204m) to £276m...
24th January
Interwetten generates best financial results in 30-year history with €99.5m revenue
Interwetten achieved gross gaming revenue growth of 25% year-on-year for 2019, generating €99.5m ($109.9m) in revenue. As part of the most successful...
20th January
Genting Singapore seeks approval for $10bn Japan IR budget
Genting Singapore has set a maximum budget of $10bn for a proposed development, operation, management and/or ownership of...
17th January
Evolution Gaming CEO offered incentive scheme by major shareholders
Major shareholders of Evolution Gaming are set to offer CEO Martin Carlesund one million shares following a three-year vesting...
16th January
Industry GambleAware donations hit £7.6m for 2019
GambleAware has announced the latest figure for donations from the UK gambling industry for the period from 1 April...
16th January
Caesars and VICI agree $50m sale of Harrah’s Reno
Caesars Entertainment and VICI Properties will sell Harrah’s Reno Hotel and Casino to an affiliate of CAI Investments for $50m. In accordance...
15th January
Sports betting rise continues in final NJ report of 2019
New Jersey sports betting revenue has continued its rise, with the state’s December results showing a 41% year-on-year increase, to $29.4m. Sports...
13th January
Newgioco CEO: Nasdaq listing increases investment potential
After a long process beginning in early 2018, Newgioco’s common stock began trading on the Nasdaq Capital Market with the opening...
13th January
William Hill CFO steps down, despite trading update exceeding market expectations
William Hill CFO Ruth Prior has resigned to join Elemental Materials Technology in the same role. Prior however, has a 12-month notice...
6th January
GAN operator revenue up 189% for Q4 2019
GameAccount Network (GAN) saw gross operator revenue of $120.8m for Q4 2019, an increase of 189% year-on-year. The supplier also saw a...
23rd December
Reporting the facts and figures: how companies deal with financial reports
When, and if, you get to the top of the corporate food chain and CEO appears next to your...
19th December
Rivers Casino fined $60,000 for underage gambling violations
Sugarhouse HSP Gaming, operator of Rivers Casino Philadelphia, has received a $60,000 fine after the Pennsylvania Gaming Control Board (PGCB) found...
18th December
Veikkaus predicts €50m loss from responsibility measures
Finnish monopoly operator Veikkaus predicts it will lose €50m ($55.5m) in 2020 revenue, due to its new commitments to corporate responsibility...
17th December
Bet365 sees 10% revenue rise for fiscal year, to £2.98bn
According to Bet365’s latest financial report, obtained by Gambling Insider, the operator generated revenue of £2.98bn ($3.94bn) for the 12 months...
16th December
Trustly reported to Swedish Competition Authority by Zimpler
Zimpler has reported Trustly to the Swedish Competition Authority (Konkurrensverket) over locking companies into exclusive, expensive contracts and stopping them from...
13th December
New Jersey sees further growth in casino, online gaming and sports betting revenue
Total gaming revenue for November rose 19% year-on-year in the state of New Jersey, to $306m. Another healthy month of gaming revenue...
12th December
European online gambling market grows 11% in 2018
Europe’s gross gaming revenue (GGR) grew 11% last year to €22.2bn ($24.71bn), according to figures released by the European Gaming and...
12th December
Analysis: How will policymakers respond to New York’s dwindling sports betting figures?
"Shocking and disappointing." That’s how Senator Joseph Addabbo Jr, one of New York’s biggest proponents of legalised sports betting, described the...
12th December
Raketech appoints new President and CEO
Raketech has announced the appointment of Oskar Mühlbach as its new President and CEO. Mühlbach, who has held the role of COO since...
11th December
Scientific Games extends California Lottery agreement
Scientific Games has announced a three-year extension to its agreement with the California State Lottery. The new deal will see the supplier...
10th December
Analysis: The National Lottery – time for change?
Since the UK National Lottery was created in 1994, it has raised over £40bn ($52.7bn) for its chosen causes, paying out...
9th December
FDJ makes bid for 2023 UK National Lottery
Française des Jeux (FDJ) has reportedly launched a bid to operate the UK National Lottery in 2023. Reports suggest FDJ has been...
6th December
Melco Resorts unveils Nagano ski resort hotel plans
Melco Resorts has announced plans to develop a 280-room hotel at a ski resort in Nagano, Japan. The project will see Melco...
5th December
Analysis: The Scandinavian issue
The Gambling Insider newsfeed has been like a Nordic-themed collage in recent weeks – littered with Scandinavian flags. The reasons for such...
4th December
Better Collective sell shares to fund further M & A
Affiliate Better Collective has raised SEK 312m ($32.8m) through a directed share issue of four million new shares, earmarking the figure...
3rd December
Danish Government will increase online gambling tax in 2021
The Danish Government has revealed plans to increase online gambling tax by eight percentage points in its 2020 Finance Act. The government...
3rd December
Veikkaus will lose €30m through 2020 slot reductions
Veikkaus has vowed to remove one-fifth of its slot machines from Finnish shops by the end of 2020 – a total...
2nd December
Spain online gaming revenue up 5% for Q3
Spain's gross gaming revenue (GGR) was €191.7m ($211.5m) for Q3 2019, a rise of 5% year-on-year, and an increase of 7%...
2nd December
Macau’s gaming revenue falls 9% for November
Gross gaming revenue in Macau fell 9% year-on-year to MOP22.9bn ($2.9bn) for November, as the US-China trade war and Hong Kong...
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#003
The Future of Gambling Sponsorship in Sport (30:50)
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