The Betting and Gaming Council (BGC) has relaunched its ‘Charity Bet’ campaign for the 2024 Grand National, celebrating British horseracing’s marquee event. Organised by the trade body for UK gambling, this year’s Charity Bet campaign will see “More than 50 MPs from both sides of the House visiting local betting shops to place a Charity Bet on the Grand National.” …
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Allwyn maintains Euro growth as focus turns to revitalising National Lottery sales
Allwyn International has marked 2023 as a transformative year for its business, which will now focus on revitalising the performance and sales of the UK National Lottery. Upon publishing its unaudited full-year 2023 accounts, the company saw its corporate revenues double to €7.87bn. The year’s accounts detailed that National Lottery sales accounted for a revenue contribution of €3.9bn, down 4% …
Read More »Playtech hits 2023 targets on SNAI & Latin America growth
Playtech Plc has celebrated a year of strategic and commercial achievements across its B2B and B2C businesses. Publishing its full-year 2023 accounts, the FTSE250 gambling technology group achieved corporate revenues of €1.7bn, up 7% on FY2022 comparative results of €1.6bn. Of note, year-end trading revealed Playtech’s B2C business generated revenues “exceeding €1bn for the first time”. The achievement was recognised …
Read More »Allwyn gains access to €500m accordion debt facility
Allwyn International has secured a $500m accordion facility underwritten by a ‘syndicate of international banks’. The $500m facility will be made available to the global lotteries group for a period of six years, as part of the firm’s existing Senior Facilities Agreement (SFA). Allwyn will use the proceeds to finance its planned investment in Instant Win Gaming, announced in February …
Read More »HBA & Genius launch CJRFantasy racing
HBA Media has partnered with Genius Sports to launch ‘Crown Jewels Racing Fantasy’ (CJRFantasy), aiming to make horse racing competitive in the world of sports broadcasting. CJRFantasy, the first international horse racing fantasy game, has been launched to help ‘unify the global horse racing calendar’, providing broadcasters and fans around the world with a new platform to improve their knowledge, and compete with each other …
Read More »888 narrows 2023 losses as Widerström Evokes new vision
888 Holdings declares that it has established the foundations for future sustainable growth under new company leadership, which will lead the business under its new identity as Evoke Plc. This morning the LSE gambling group published its full-year 2023 accounts, registering ‘reported’ corporate revenues of £1.71bn, up 38% on FY2022 comparative results of £1.23bn. However, pro-forma trading marked 888’s revenue …
Read More »Flutter counts $1.2bn loss completing its 2023 transformation
Flutter Entertainment Plc has declared corporate losses of $1.21bn after completing a transformative year for its business, which achieved the headline objective of becoming global gambling’s most valued Plc. Publishing its full-year 2023 accounts, the joint FTSE-&-NYSE-listed gambling group reported revenues of $11.7bn, a 24% increase over the FY2022 results of $9.4bn. Headline growth shows Flutter delivering on the goals …
Read More »Sky Bet backs EFL community projects with fresh funds
The English Football League (EFL) has announced plans to allocate £600,000 in funding to communities throughout England, marking the initial distribution of grants in collaboration with Sky Bet. As part of the fund, financial assistance will be directed towards initiatives associated with over 60 EFL clubs, including a variety of projects aimed at addressing isolation, enhancing fitness and mental well-being, boosting sports …
Read More »Entain faces €104m counterclaim on BetCity.nl deal rewards
Further developments have surfaced in the ongoing legal dispute between Entain Plc and Sports Entertainment Media BV regarding the deal valuation of BetCity.nl. On 19 March, Sports Entertainment Media BV and related parties submitted a counterclaim to the High Court of Justice of England and Wales demanding €104m in compensation from Entain. The counterclaim, put forward by the Singels family …
Read More »Continent 8 hires Ai Ishii as Regional Sales Director
Continent 8 Technologies has confirmed the appointment of Ai Ishii as the Regional Sales Director of the igaming infrastructure and cybersecurity solutions provider. Ishii is an experienced business development specialist skilled in sales and fostering strategic partnerships, having worked for renowned organizations such as Bragg Gaming and nChain. Brian Koh, Chief Commercial Officer at Continent 8 Technologies, added: “Ai is …
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