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UK News

888 nets positive Q1 results ahead of VCP reset

888

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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Rank clears path to profit recovery following positive Q3 trading

John O’Reilly: Rank is a clear winner of White Paper changes

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 …

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Entain opens 2024 trading with no home comforts

SBC News 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 …

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‘Inspirational’ Brian Toomey sponsored by Star Sports

SBC News ‘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 …

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Martin Hodges joins BetComply as new CMO

Michael Ahearne steps down from GiG board to focus on SkyCity CEO duties

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 …

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Flutter opens $1bn debt note offering

SBC News 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 …

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BGC raises £15,000 for charities over Grand National weekend 

grand national horse racing

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 …

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IDnow brings VideoIdent Flex to UK market… AI-engineered for high-risk KYC demands

SBC News 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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