Germany and Netherlands dog 888
888 trading update The top line Revenues rose 7% (+3% on constant currency) YoY to $229.9m; gaming revenues were up 11% to $193.5m, sports betting was down 15% to $26.8m. B2B revenues were up 4% to $9.6m. YTD revenues were up 28% to $758.3m, with B2C gaming up 27% to $622.3m and B2C betting up […]
Read MoreRank trading Update
Rank trading update The top line Group GGR was up 69% YoY to £163.1m with Grosvenor venues up 209% YoY to £79.2m, Mecca venues up 41% to £34m and the Spanish Enracha business up 20% to £6.5m. UK digital returned to growth, up 4% to £38.2m while international digital was up 11% to £5.2m. FY22 […]
Read MoreEntain silent on DraftKings bid
The top line NGR up 4% (+6% constant currency), with online up 10% (18% ex-Germany) and retail up 1%. Online driven by strong sports-betting margins of 12.8%. BetMGM delivered 26% sports-betting and igaming market share across states in which it operates and 32% igaming share. FY21 EBITDA expected to be in line with previous guidance […]
Read MoreNetherlands shambles
How do you say chaos in Dutch? As of today the Netherlands’ online gaming and betting market is regulated, with 10 operators having received licenses, including bet365, Tombola and Holland Casino. But the advent of a regulated regime was the cause of a flurry of announcements yesterday, and much confusion. Timeline: 8:39 am – Entain […]
Read MoreBettson boardroom rupture
Blood on the carpet: A week after Betsson was announced that CEO Pontus Lindwall had “completed his assignment” and that the company had embarked on a search for his replacement, it announced yesterday the resignation of chairman Patrick Svensk with immediate effect after the company’s major shareholders said they “no longer had confidence” in him. […]
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