Bettson 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. […]
Read MorePlaytech sets sights on South and North America
The top line – H1 Revenues were down 4% YoY to €457.4m, AEBITDA was up 14% on constant currency to €124.1m and adjusted post-tax profits were up 1460% to €54.6m. Retail closures in Italy were offset by 95% revenue growth to €123.4m and 118% EBITDA growth to €51.6m for Snaitech. On the B2B front revenues […]
Read MoreBoyd buoyed by high margin new normal
Boyd Gaming Q2 The top line Revenue more than quadrupled YoY to $893.6m (up 18.6% sequentially and a 5.6% increase on Q219) with net income coming in at $113.7m compared to a loss of $108.5m in the prior year period. Total adjusted EBITDAR hit $385.4m from $16.1m in Q220, up 23.8% sequentially. Company-wide margins came in […]
Read MoreTabcorp opts for wagering split
Tabcorp strategic review Keeping tabs: Tabcorp has announced a major restructuring which would see the lottery and keno business demerged from the wagering and gaming services arm, creating two new listed vehicles. The demerger comes after the company completed a strategic review aimed at unlocking shareholder value, looking at all options including a sale of […]
Read MoreGamenet bemoans lack of license visibility
The top line Group revenues were down 61% to €57m, pre-tax losses were €32.7m compared to profits of €11.7m in Q1 2020. EBITDA was down 73.9% to €11.3m, all figures were caused by lockdowns, the group said. Online accounted for 99.7% of the group’s revenues at €56.9m and growth of more than 100% YoY. Online […]
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