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Ladbrokes gains investor confidence despite earnings downturn

SBC News Ladbrokes gains investor confidence despite earnings downturn

Despite forecasting a 57% drop in Group EBIT earnings for its Q3 2015 performance, Ladbrokes Plc shares recorded an 8.7% gain on yesterday’s FTSE trading (closing price 109.05p per share). Presenting the operators performance guidance, CEO Jim Mullen outlined that Ladbrokes was in the process of implementing an “organic plan to aggressively invest and grow our recreational and multi-channel customer base …

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GeoComply launches “Solus” – Geo-location solutions service for the DFS industry

SBC News GeoComply launches "Solus" - Geo-location solutions service for the DFS industry

Compliance grade  geo-location provider, GeoComply USA, Inc. has  announced the launch of “Solus,” its new suite of services for the daily fantasy sports industry. Specially designed for the needs of this rapidly evolving sector, Solus provides cutting edge geolocation and anti-fraud solutions tailored for the particular operational and market needs of daily fantasy sports. “DFS is one of the fastest growing sectors …

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DJI Holdings moves for secondary listing on US NASDAQ

SBC News DJI Holdings moves for secondary listing on US NASDAQ

Governance of Chinese focused lottery provider DJI Holdings is seeking a secondary listing on the US NASDAQ exchange. The specialist in Chinese sports lotteries views the NASDAQ listing as key to enhancing its market liquidity and developing a stronger investor base for future growth plans. DJI Holdings’ governance outlined that the aimed to complete the listing by first quarter 2016. Chief …

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INTRALOT gains WLA Responsible Gaming Certification for lottery services

SBC News INTRALOT gains WLA Responsible Gaming Certification for lottery services

International lottery supplier INTRALOT has announced that it has been awarded for its global lottery operations with the prestigious WLA Responsible Gaming Framework Certification for associate members by the World Lottery Association (WLA). As a leader of the gaming sector and a Platinum Contributor of WLA, in 2012 INTRALOT received an invitation to participate in a Responsible Gaming (RG) pilot …

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Yahoo eyes eSports entry with Major League Gaming acquisition

SBC News Yahoo eyes eSports entry with Major League Gaming acquisition

US news sources have reported that advertising giant Yahoo Inc has entered talks to acquire eSports organization Major League Gaming. The news of Yahoo’s interest in entering the eSports market, comes as the media owner posted a Q3 2015 earnings decline with revenue generation well-below analysts’ expectations. Under pressure Yahoo CEO Marissa Mayer is reported to want to continue to …

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Increased player activity & positive acquisition sees Betsson hit record results for Q3 2015

SBC News Increased player activity & positive acquisition sees Betsson hit record results for Q3 2015

European sports betting operator Betsson AB has announced a record revenue quarter for Q3 2015 (3 month period ending 3 September), with group revenues increasing to SEK 973 million (£75.5 million) up 24% on Q3 2014 corresponding SEK 782 million (£60.5 million). The operator continues its strong 2015 momentum, posting top line growth on all key metrics. Q3 Operating income …

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Tax headwinds & increased marketing spend halve Ladbrokes Q3 earnings

SBC News Tax headwinds & increased marketing spend halve Ladbrokes Q3 earnings

Updating the market this morning, Ladbrokes Plc has issued its Q3 2015 (period 30 September) interim management statement forecasting a 57% drop in period Group EBIT earnings of £14.3 million. Ladbrokes governance stated that its earnings performance had been impacted by higher taxation (POC and gaming machine duties) and increased marketing spend targeting UK football and recreational players. The operators …

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NCAA prohibits DraftKings & FanDuel of advertising on associated sports events

SBC News NCAA prohibits DraftKings & FanDuel of advertising on associated sports events

US sports network ESPN, reports that the NCAA the governing body of college sports in the US, has prohibited DraftKings and FanDuel from advertising during its associated events. ESPN obtained a communication addressed to DraftKings CEO Jason Robins and FanDuel senior executives Christian Genetski (Chief Legal Officer) and Matt King (Chief Financial Officer) requesting the operator to stop TV advertising …

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Botemania in-line for €80 million FC Barcelona training kit sponsorship

SBC News Botemania in-line for €80 million FC Barcelona training kit sponsorship

  Barcelona based football newspaper, ‘El Mundo Deportivo’ has reported that Intertain Spanish igaming subsidiary Botemania are favourites to land FC Barcelona’s training kit sponsorship deal. Mundo Deportivo , one of the leading FC Barcelona news sources, has detailed that the Catalan club’s management are seeking €80 million (£59 million) for a four sponsorship of its training kit, which would …

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