888 Holdings has detailed a positive start to year trading, as the LSE gambling group prioritises the objectives of its Value Creation Plan (VCP). Publishing a Q1 trading update, 888 revenues stand at £431m, with results tracking slightly above the £420-430m guidance outlined by FY23 Results on 26 March 2024. Improved headline results carry notice that “the Group continues to …
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FA & PL change FA Cup format & enhance grassroots support
The FA and the Premier League have reached an agreement to strengthen the Emirates FA Cup format. Starting next season, the six year deal will see all rounds of the Emirates FA Cup now played on weekends, including the fifth round which has been regularly played during the midweek of late February/early March for the last five seasons. The fourth …
Read More »Rank clears path to profit recovery following positive Q3 trading
Rank Group Plc trades with confidence as both its venue and digital business segments maintain revenue and Key Performance Indicator (KPI) growth. This morning the London Stock Exchange (LSE) gambling group published its Q3 2023/2024 trading statement (period ending 31 March), informing investors that year-to-date net gaming revenues (NGR) stand at £555m, up 8% on 2022/2023 comparatives of £512m. Headline …
Read More »Entain opens 2024 trading with no home comforts
Entain Plc remains focused on accelerating operational efficiency, aiming to return its business to growth by 2025. Publishing its Q1 2024 trading update, the FTSE100 gambling group stated that its “performance aligned with expectations,” with leadership prioritising operational performance improvements to drive organic growth. Period trading saw group net gaming revenues (NGR), including the BetMGM JV, increase by 6% on …
Read More »‘Inspirational’ Brian Toomey sponsored by Star Sports
Star Sports has announced that it is sponsoring racehorse trainer Brian Toomey for the 2024 flat season. The British bookmaker praised the ex-jockey for the amount of high-profile owners in his portfolio which include: Amo Racing, Clipper Logistics, Jimmy Fyffe and Jeff Smith. Harry Redknapp provided him with his first winner when Wake Up Harry won at Kempton on 20 …
Read More »Martin Hodges joins BetComply as new CMO
Gambling compliance specialist BetComply has welcomed Martin Hodges to the role ofChief Marketing Officer (CMO). Hodges joins the ranks of BetComply with over 15 years of experience in the igaming industry, having previously taken up roles in the strategic marketing field. Reflecting his past experience, the new CMO will be in charge of driving the company’s marketing strategies and growth …
Read More »Flutter opens $1bn debt note offering
Flutter Entertainment Plc has notified markets that it has launched an offering of senior debt notes equivalent to an aggregate principal amount of $1.05bn. The twin-listed NYSE and FTSE gambling group has authorised the transaction for both USD- and EUR-denominated senior secured notes due by 2029. Markets were informed that proceeds from the debt notes issuance will be used to …
Read More »BGC raises £15,000 for charities over Grand National weekend
Betting and Gaming Concil’s (BGC) Grand National Charity Bet campaign has managed to raise more than £15,000 for good causes. Launched in time for the Grand National, the campaign saw over 50 parliamentarians placing a charity bet on last weekend’s race. The funds were then distributed to their charities of choice by some of the UK’s biggest betting operators. Christian …
Read More »“Enough is enough”: Fred Done cashes out early on Betfred Man City wagers
Betfred founder Fred Done is giving bettors a chance to cash-out early on a Manchester City title win. There are just six matches left in what is being described as ‘one of the most fiercely contested’ Premier League victory races in years. Done was also the first to pay out on the winners of the English top flight market back …
Read More »IDnow brings VideoIdent Flex to UK market… AI-engineered for high-risk KYC demands
IDnow has debuted its enhanced video-led customer verification solution ‘VideoIdent Flex’ to boost customer conversion rates and accuracy of KYC compliance measures for existing partners and new clients. A leading provider of customised ID verification solutions for high-risk sectors such as online banking, insurance, and igaming, IDnow brands VideoIdent Flex as “a bridge of AI technology merged with human interaction …
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