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bet-at-home sees revenue & earnings boost as efficiency led strategy pays off in 2015

SBC News bet-at-home sees revenue & earnings boost as efficiency led strategy pays off in 2015

Announcing its full-year 2015 results (12-month period ending 31 December), Frankfurt-listed European betting operator bet-at-home AG has declared earnings of €33 million (£25.7 million) up 20% on FY 2014’s results of €27.5 million (£21.4 million). bet-at-home governance was delighted to have surpassed the strong results posted in 2014, a year which was boosted by the FIFA World Cup. The operator …

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Codere narrows 2015 losses to €113 million

SBC News Codere narrows 2015 losses to €113 million

A restructured Grupo Codere SA (Codere) has detailed that it has cut its 2015 group net losses to €113 million (£88 million), down 34.6% on FY 2014’s €173 million (£135 million). The embattled Spanish gambling operator detailed that it had increased its group revenues to €1.64 billion up 18% on FY 2014’s €1.38 billion. Outlining positive impacts, Codere governance stated …

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Teufelberger & Bodner face Austrian corruption charges relating to Turkish licence bribery

SBC News Teufelberger & Bodner face Austrian corruption charges relating to Turkish licence bribery

Austrian news sources have reported that former Bwin leaders Manfred Bodner and Norbert Teufelberger are facing charges of bribery relating to the firm’s 2007 application for a sports betting licence for Turkey. The former Bwin executives have been accused by a Vienna public prosecutor of paying €2.25 million in order to bribe Turkish officials. Bodner and Teufelberger are set to …

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Oscars 2016: Any Room for an upset?

SBC News Oscars 2016: Any Room for an upset?

The 88th Academy Awards takes place this Sunday 28th February. These awards have been heavily touted as the year DiCaprio will finally get his hands on the Best Actor prize which has long evaded him, and with odds as low as 1/100 in places, the bookmakers appear to agree. Whilst this category may be a write off, there are plenty more …

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William Hill implements ‘technology first’ strategy following tough 2015

SBC News William Hill implements 'technology first' strategy following tough 2015

Presenting its full year 2015 corporate results this morning (52-week period ending 29 December), William Hill governance detailed that the company had paid circa £87 million in additional UK gambling duties. The hefty tax charge would impact the FTSE listed betting operator’s top-line metric performance, with William Hill announcing FY 2015 operating profit slump of 22% to £291 million (FY …

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Strong ‘Commercial Pipeline’ sees Playtech post 38% revenue surge in 2015

SBC News Strong 'Commercial Pipeline' sees Playtech post 38% revenue surge in 2015

New client acquisitions, combined with the continued growth of Tier 1 UK digital accounts (Sky B&G, Gala Coral, Ladbrokes and Betfair) have helped Playtech Plc post full-year 2015 revenues of €630 million up 38% on 2014’s corresponding €457 million. Declaring 2015 corporate results (period ending 31 December), Playtech governance was pleased to announce top-line metric growth on all its core division. …

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End of Year Report – How Britons gambled in 2015

SBC News End of Year Report - How Britons gambled in 2015

The Gambling Commission has published its latest report which sheds some light on gambling behaviour in Britain in the past year. Vitally, and for the very first time, this research includes extensive information about how people gamble in terms of which devices they use, where they gamble and how many accounts they use for it. Paul Hope, Gambling Commission Programme Director, …

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Heavy Load! Ladbrokes posts £37 million in losses for 2015

SBC News Heavy Load! Ladbrokes posts £37 million in losses for 2015

Increased costs combined with the extra burden of betting taxes have seen Ladbrokes Plc post full-year 2015 (period ending 31 December 2015) group losses of £43 million, detailing a corporate decline from 2014’s profits of £37.7 million. Outlining 2015 impacts, Ladbrokes governance detailed that the company had paid circa £50 million in taxes due to increased duties on machine gaming …

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Mr Green aims for sports betting launch as losses widen in 2015

SBC News Mr Green aims for sports betting launch as losses widen in 2015

Presenting its 2015 full-year results, the governance of Mr Green & Co AB (Mr Green) has detailed to investors that the company will aim to launch a sports betting product in 2016, as the Malta based operator looks to broaden its European online gambling services. Presenting its 2015 results, the operator detailed that it had grown its corporate revenues to …

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