Wednesday, June 16, 2021

Tag: financials

Flutter US up 67 percent ahead of Stars takeover

Flutter US Stars Takeover
Both Flutter Entertainment and The Stars Group report strong Q3 growth as they continue embedding themselves in the US ahead of the $10bn mega-merger..

Revenues stagnant in “year of transition” for William Hill

William Hill revenue
William Hill’s revenues grew by just one percent in the first half of this year, with adjusting operating profits down by 33 percent, amid regulatory..

AGEM release March 2019 Index

AGEM,
The AGEM Index decreased in March 2019 by 11.27 points to 452.46 points, a 2.43 percent decline from February 2019. The AGEM Index's March 2019 decline was driven by a 24.70 percent decrease in the stock price of International Game Technology PLC (IGT)…

Rank boosts digital revenue with transformation plan

Rank Group, digital revenue, transformation, financials
Rank Group has reported its revenue for the second six months of 2018 fell 2.5 per- cent to $480.7m, following “venue declines” across its UK Grosvenor sites where takings fell by 3.9 percent. However, the company...

UK-listed companies feel the pinch in 2018

Profits warnings at FTSE-listed gambling firms were at their highest point in over a decade through 2018, according to a new report from EY. And with more regulation coming for the world most mature market…

AGEM releases February 2019 Index

AGEM February Index financials
The AGEM Index increased in February 2019 by 0.15 points to 463.73 points, a 0.03 percent gain from January 2019. The largest positive contributor to the AGEM Index in February 2019 was Scientific Games Corporation (SGMS), which added 6.47 points due in large part to a 15.96 percent increase in stock price. International Game Technology PLC (IGT) experienced a 5.44...

NetEnt cuts over 50 jobs as preparations begin for increased development period

Sweden, NETENT, business
NetEnt has announced it will reduce its Swedish workforce by 55 staff members, in a bid to focus on increased game development in the new year. The casino games supplier will dedicate $2.2m to funding the redundancies, with most job cuts to be made from

Rush for Pennsylvania licenses boosts official coffers

usa, licences, PENNSYLVANIA
The Pennsylvanian gambling market has generated $385m for the government’s General Fund, since the October 2017 legislation which legalised sports and online lottery in the state. The figure, revealed as part of a PlayUSA report which combined

Racing ahead – UK online market continues upward trajectory

uk, racing online
The UKGC has reported that the UK online gambling industry GGY hit £5.3bn for the year ending March 31, with the sector now accounting for 37 percent of the country’s £14.4bn market. Total yield was up 4.2 percent on the same period ending 2017

Donaco struggles to cement online presence as profits disappear

CAMBODIA, FINANCIALS, Donaco, operator
Donaco International has announced its recently established online gambling arm is producing “small amounts” of revenue, despite its land-based ventures lagging behind. Reporting on the four months from 30 June, chairman Stuart McGregor stated

French market sees overall boost from World Cup fever

EURO, FRANCE, sports betting
ARJEL has reported the largest year-on-year growth in online wagers since regulation in 2010, with operators handling E995m across the third quarter of this year. The French regulator recorded the 81 percent increase on Q317 thanks to ongoing ...

Loto Quebec reports revenue rise as it maintains case for international ISP blockade

politics QUEBEC
Loto Quebec has reported a one third increase in online gambling revenue for the first half of FY18/19, recording a 4.6 percent increase to $1.06bn. The Canadian gambling monopoly added that net income had also increased 6.3 percent to achieve $551m over the six...

Yggdrasil pursue expansion plans as partnership investments deliver returns

YGGDRASIL, FINANCIALS, revenue, business
Yggdrasil has announced revenue of $7.8m for the third quarter of 2018, a 62 percent increase on 2017’s figure of $4.8m, after player rounds increased 51 percent to 1,534 million. The three month period contributed to the 66 percent increase

World Cup still provides kick for European market as unity deliver results

IGT 169 EURO DPS SPAIN PORTUGAL ITALY
Three key European regulated markets of Italy, Portugal and Spain have posted revenue figures that prove the enduring power of the World Cup to boost market interest. Despite both the Portuguese and Spanish teams going home in the knockout stages.

Codere records significant revenue drop after Peso collapse

IGT 169 LATAM DPS CODERE
Codere has reported that the fall of Argentina’s Peso, declining 50 percent against the Euro since 2017, was the driving factor behind a seven percent revenue loss for H118. Citing a group turnover figure of $880m, the Spanish operator recorded…

Gauselmann annual report shows sales up 15.8%

Gauselmann Group
The Gauselmann Group in Germany has enjoyed a fantastic 60th anniversary year with its annual report showing a sales increase of 15.8 percent to €2.93bn. The increase in sales for the firm comes at a difficult time in its domestic market after a Federal Court…

AGEM releases August 2018 Index

AGEM-Index-
The AGEM Index decreased in August 2018. The composite index finished the month at 565.39 points, a decline of 43.88 points or 7.76 percent, compared to July 2018. The AGEM Index reported a year-over-year increase for the 35th consecutive month…

William Hill looks to US after £900m FOBT adjustment

horse-racing
With UK revenues increasingly tricky to come by, William Hill’s CEO Philip Bowcock says the US could one day become its largest market. In the meantime however, success across the pond is essential, if only to stand still. Success in America…

Novomatic posts double-digit revenue growth after US and Europe expansion

Following several noteworthy acquisitions and expansion into European regulated territory Novomatic has reported revenue for the first half of 2018 jumped 12.6 percent to $1.6bn. The gaming technology company stated earnings for the period rose…

NOVOMATIC AG’s half-year result sees record revenue and clear earnings improvement

NOVOMATIC, Europe’s leading gaming technology group, recorded around 700 new employees in the first half of the 2018 financial year, with revenue increasing by 12.6 percent to a new record despite regulatory challenges. The firm's sales…

AGEM releases July 2018 Index

Financials
The AGEM Index increased in July 2018. The composite index finished the month at 565.39 points, a gain of 19.02 points or 3.48 percent, compared to June 2018. The AGEM Index reported a year-over-year increase for the 34th consecutive month and has climbed…

Inspired announces the release of third quarter results on 13/08/2018

Financials
Global games technology company, Inspired, has announced it is to release its financial results for the third quarter of its 2018 fiscal year, ended June 30, 2018, on Monday, August 13, 2018. The firm’s management will host a conference call at 8:00 a.m.

Betfred suffers eight figure loss in 2017

BetFred
Despite reported good growth across eight gaming divisions, Betfred was pulled into the red in 2017. With a new FOBT stake now looming, the retail-centric adds puts an emphasis on SSBT to minimise the losses. Betfred disclosed suffering a loss of £13.4m…

Yggdrasil almost doubles revenue with fourth quarter boost

Betting Business Yggdrasil GVC betfred
Yggdrasil Gaming has announced its revenue figure for 2017 was almost double that of the previous year. The Swedish online gaming supplier reported a 95 percent revenue rise in its latest financial report, outlining a total figure of $20.5m for the 12 months ending 31 December. “These fantastic results were only possible because of the team we have assembled, and the...

Scientific Games sees revenue up seven percent in Q3 results

Coinslot- Scientific -Games-increase sg
Gaming, lottery and interactive segments drove up Q3 revenues for Scientific Games, according to its latest financial results.   The company saw revenue rise seven percent to $768.9m, up from $720m compared with the same period for last year. Meanwhile, operating income in the three-month period rocketed 170 percent year-on-year from $33.5m to $90.6m, while net loss was slashed from $98.9m to...

Deloitte names NSoft one of Central Europe’s fastest growing companies

NSoft Deloitte Feature Image
  NSoft claimed seventh place in Deloitte's competition with its four years growth rate of 1,990 percent.     It marks the second year in a row that NSoft made it into the top ten, and remained the only company from Bosnia and Herzegovina in the competition. The Technology Fast 50 award winners for 2017 are determined based on the revenue growth...

Intralot sees revenues up by 15 percent

Betting Business - Intralot
Intralot, an international gaming solutions and operations provider, saw 15.1 percent revenue growth as it announced its financial results for the six month period ending 30 June, 2017.   Intralot Group CEO Antonios Kerastaris (pictured) said: “Continued double digit revenue growth and profitability improvements are directly linked to reforms implemented in the previous year and more specifically to our M&A and partnership...

Playtech hails “strong” results in Q2

BBi - Playtech June SSBTs
  Playtech delivered continued strong growth in revenues in the second quarter of the year, but has warned of slowing growth in the next quarter.   Revenues were up 25 percent year-on-year to E421.6m, with growth driven by Playtech's core online casino business, the company said. Adjusted earnings per share were up by 13 percent and the dividend was raised by ten percent,...

Cherry’s revenues nearly double for Q2

BBi Cherry financials
Cherry, the Swedish iGaming provider, has revealed huge growth for the second quarter of 2017. Group revenue increased by 179 percent year-on-year to SEK536m ($66m), with organic revenue growth amounting to 37 percent. Profit for the period amounted to SEK15m. Additionally, earnings per share before and after dilution amounted to SEK0.03. “We continue to be a profitable, fast-growing company,” Cherry CEO Anders...

Sportech pays off debts, sees revenues increase in latest financial results

bbi sportech
Sportech PLC saw its revenues grow and debt paid off, as the company announced its interim results for the six months ending 30 June 2017. Overall revenues increased five percent from £34.7m to £36.4m, with other highlights including expansion in Hong Kong, Denmark, Netherlands, and the US through investing in technology. The group also managed to pay off £60m in debt...

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