Author: Olivia Cole

Today, Paddy Power Betfair published its trading update for the third fiscal quarter which ended on September 30th. The company praised its stability over the period and raised its full year profit outlook, saying that its earnings before interest, taxes, depreciation and amortisation (EBITDA) would be in the range from £390 million to £405 million. In comparison, the previous guidance provided by the operator ranged from £365 to £385 million. The Chief Executive Officer of Paddy Power Betfair Breon Corcoran commented on the company’s performance over the three-month period, explaining…

The leading UK bookmaker William Hill apologised to its users after the company’s website crashed two days ago. The gambling operator explained that they suffered a cyber attack, described as a distributed denial of service (DDoS) attack. Such attacks flood their target website with traffic in order to make it stop functioning properly. As a result of the incident, some of the operator’s customers failed to place their wagers on the Tuesday evening’s football matches of the UEFA Champions League, including the ones involving Manchester City and Arsenal F.C. The…

The Isle of Man-based online gambling company GVC Holdings Plc released a trading update for its results over the third financial quarter as well as a special dividend announcement. The Chief Executive Officer of the international gaming and sports betting company Kenneth Alexander shared that the gaming operator expected to start paying dividends earlier than initially planned. He said that the company’s shareholders had always supported the operator, so it was a real pleasure for GVC to be able to reward them with their dividend ahead of schedule. Mr. Alexander…

The real money and social games developer, supplier and licensor Gaming Realms announced its results for the third fiscal quarter that ended on September 30th 2016. The Chief Executive Officer of Gaming Realms Patrick Southon shared that the entire team of the company was very happy with its prolonged growth. He also highlighted the fact that the gaming content developer had managed to finally swing to profitability and emphasized on the fact that it happened in a quarter when the company had released a number of social and real money…

The business-to-business supplier of managed sports betting services Kambi Group Plc posted its financial report for the third quarter of 2016. In addition, the company revealed that its current strategy of improving and bolstering the brand’s retail operations has been put among its paramount goals over the three-month period ended on September 30th. The Chief Executive Officer of the company Kristian Nylén shared he was pretty satisfied with the delivered results over the third quarter of 2016. Mr. Nylén also explained that the partnership agreement the operator had inked with…

The online gambling operator Unibet Group that specialises in offering casino, poker sports and live betting, bingo, scratch cards and soft games, has announced its quarterly results. The company, which headquarters are in Malta but also operates under licenses in several other countries and territories such as the UK, Gibraltar, France, Italy, Denmark, Australia, Estonia and Denmark, has revealed a record performance over the third fiscal quarter. The Chief Executive Officer of Unibet Group Henrik Tjärnström commented on the company’s results over the period and explained that the strong performance…

The UK subsidiary of Scientific Games – SG Gaming – boosted its product offering by adding two new games. The games release is initiated by the division in order to help it meet the local customers’ needs. In addition, it happens at a time when the company is primarily focused on global expansion to consolidate its presence in international regulated markets. SG Gaming’s UK Director of Content Development Rick Mountney commented on the new additions, revealing that the US company’s subsidiary had always been focused on content innovation. According to…

The online gambling operator Mr Green published its financial results for the third fiscal quarter from July to September 2016 in an interim report. The Malta-based company reported a total revenue increase that was considered to be due to the positive impact of its increasing customers base and enlarged product range. Mr Green also revealed that its stable results over the period were also based on the fact that the company has managed to consolidate its position on the foreign markets, too. The Chief Executive Officer of the company Per…

Today, UK casino, betting and gaming operators Ladbrokes and Gala Coral officially announced that they have finalised their merger. The newly formed company changed its name to Ladbrokes Coral Group Plc and announced that Ladbrokes finally managed to complete its merger with certain business of Gala Coral, including the company’s Retail division, Europet Retail and the online businesses of Gala. The Chief Executive Officer of the new entity – Jim Mullen – commented on the announcement, describing the day as a historic one for the company. He explained that during…

The UK division of the Austrian gaming technologies operator NOVOMATIC Group – NOVOMATIC UK Ltd – which acquired Talarius Ltd on June 24th could face an in-depth investigation. Last week, the Competition and Markets Authority (CMA) in the country issued a decision that the merger may result in hurting the competition on the territory of the UK. This is exactly why the CMA officially announced that the merger between NOVOMATIC UK and Talarius is to be referred for a second phase of the investigation, unless the two parties present sufficient…