Company Reports

Paddy Power Betfair has published its first set of interim results for the first half of the fiscal year ended on June 30th, 2016. According to the company’s official statement, there was a massive increase in the revenue generated over the period, as well as a double-digit growth in its four major divisions. The Chief Executive Officer of the company Breon Corcoran commented on Paddy Power’s performance over the above-mentioned period and said that the bookie had managed to sustain “good momentum” over the first half of the year, which…

One of the subsidiaries of the UK-based 888 Holdings – 888Sport – announced that it is to release its Free Bet Hunt game, which is based on the geo-technology style of Pokemon Go. The new game of the brand provides customers with the chance to search for free-bet offers every time they got near to a stadium. The Senior Vice President of 888 Holdings Itai Pazner, who is also Head of the Business to Consumer division commented on the release saying that the thing that was really great about the…

The primary affiliate network of Swedish online gaming operator Cherry Gaming – Game Lounge – has consolidated its presence on the territory of Europe after it confirmed the acquisition of industry subsidiary Interclick Limited. The deal is estimated to £1.1 million. The Chief Executive Officer of Game Lounge Jonas Cederholm commented on the company’s statement, saying that the entire team of Cherry’s affiliate was pleased with the fact that they had managed to reach an agreement with Interclick Limited. According to Mr. Cederholm, the latter had long been involved in…

Today, the Grosvenor Casinos and Mecca Bingo halls operator Rank Group announced its preliminary results for the fiscal year ended June 30th, 2016. The company revealed that its full-year pre-tax profit and revenues increased over the 12-month period. In addition, the gaming and bingo operator shared that it saw no likely impact from the BREXIT vote in the country. The Chief Executive Officer of Rank Group Henry Birch commented on the company’s results, saying he was pleased with the the group’s performance over the period and the fact that Rank…

The data-driven gaming software and services provider Betgenius has announced that its new Racing Manager product is released. The latter is aimed at making horseracing betting simple and cost-efficient by providing the regulated sportsbook operators with the chance to access over 40,000 events in the UK and Australia on a yearly basis without being forced to compile expensive and resource-requiring manual odds. The Managing Director of Betgenius Jack Davidson commented on the new product’s launch, saying that sportsbook operators will be provided with better betting opportunities around the clock without…

The London-based mobile gaming supplier Nektan Plc has announced that it has decided to carry out an asset sale in addition to a licensing deal with Buckingham HMB Ltd. A total of three gaming brands that are wholly-owned by the company are subjected to the sale. The Chief Executive Officer of Nektan Leigh Nissim commented on the deal, saying that Nektan had started to “refine” its structure in order to become more focused on its businesses on the territory of Europe and the US. According to Mr. Nissim, the company…

A few months after the merger that led to the establishment of Paddy Power Betfair, the company is about to release information about its financial performance during H1 of the year. The report that is to be released on August 24th is greatly anticipated by market analysts and investors. The two betting giants joined forces in February and started trading on the Irish and London stock exchanges. Since February key company executives stepped down from their positions including Andy McCue, who used to be Paddy’s Chief Executive. The maiden interim…

A few days after William Hill officials dismissed the sweetened Rank Group-888 Holdings takeover bid, the consortium announced that no further efforts towards bookmaker’s acquisition were to be made. Rank Group and 888 submitted bids for the acquisition of the casino and sports betting giant on August 8th and August14th. The three-way deal would have resulted in the establishment of the largest multi-channel gambling operator in the United Kingdom and a competitive gambling company on a global scale. However, William Hill officials regarded the first £3.6 billion offer as “highly…

The online betting group SeanieMac International announced that it has entered into talks with potential investors due to the massive revenue slump it had experienced recently. Company representatives revealed that if SeanieMac is unable to raise additional funds and make up for the $10 million losses, it might cease its operations. Seaniemac was founded by Sean McEniff, the son of the former GGA player Brian McEniff. However, Mr. McEniff is no longer in charge of the company. He used to be SeanieMac’s CEO and Chairman until 2014 when he decided…

The UK provider of sports betting and gambling services Sky Betting and Gaming announced that it has entered into a partnership with Cloudera Enterprise with the aim of strengthening its positions on the online gambling market. Sky Bet, which is a division of Sky, has a weekly client base of approximately 500,000 customers who will benefit from personalised gambling experience and money-back promotions. Sky Bet is largely owned by CVC Capital Partners and the partnership with Cloudera means it will substitute the enterprise data warehouse for its very own platform…