Tag Archives: Caesars Entertainment

888 Holdings has stressed that all compliance failures cited by the UK Gambling Commission (UKGC) in its £19.2m enforcement action against William Hill have been addressed. The LSE gaming group issued a statement this afternoon outlining that it had moved to improve and address William Hill’s shortcomings on social responsibility and anti-money laundering after finalising its £2bn acquisition of the …

Acknowledging several new opportunities and challenges following the enlargement of its operations this year, 888 Holdings has published updated targets at its Capital Markets Day.. Having acquired William Hill’s non-US assets from Caesars Entertainment for £2.2bn in July, the company has noted emerging operating challenges, increased levels of debt exposing it to the impact of higher interest rates, and moderation of …

Metropolitan Gaming has offloaded its South African casino interests in a move that the firm has said is reflective of a focused strategy to invest and develop facilities across primary markets. After purchasing 11 venues across the United Kingdom, Egypt and South Africa from Caesars Entertainment in August 2021, the casino and entertainment firm added the Park Lane Club London in June 2022 in what …

As the ink dries on a number of partnership contracts, BetMakers’ CEO Todd Buckingham is confident in the company’s financial future as FY22 revenue rose by 371% from the previous year. As detailed in its FY22 financial report, the Australian sportsbook technology and software provider revealed that revenue (June 2021-June 2022) stood at AUS$91.6m (2021: AUS$19m). Adjusted EBITDA was positive …

Australian sports betting solutions supplier BetMakers has detailed a successful close to its 2022 financial year trading, as group revenue grew 370% year-on-year.  The firm, listed on the ASX stock exchange, achieved revenue of $91.6m for the full year, finishing June with a cash balance of AUS$87.6m and Q4 revenue ‘in excess’ of $100m. Additionally, in the final quarter BetMakers …

William Hill has been named official betting partner of the Racing League for the second year in a row, sponsoring the 2022 edition of the tournament.  Launched last July, the Racing League is the first horse racing event in the UK to follow a league format, featuring teams of horses, jockeys and trainers representing seven regions of Great Britain and …

Welcome to the second part of Delasport’s deep dive into sports betting through the ages. In part 1, the sports betting and igaming software solutions provider covered the early days from the first bookie to the engagement years of the 2000s. Let’s pick up the story. Customer centricity While the early incarnation of sports betting sites served their purpose, the …

888holdings has completed the sale of its B2B and B2C Bingo business to Saphalata Holdings, a major development in its corporate restructuring.  A member of the Broadway Gaming Group, Saphalata initially agreed to buy 888’s Dragonfish brand for a total cash consideration of $45,25 million (£37.4m) back in December 2021.  The transaction saw $45.25m payable on completion of the deal …

The upcoming SBC Summit North America at the Meadowlands Exposition Centre, New Jersey, will witness a star-studded speaker line-up that will deliver a comprehensive overview of the fundamental opportunities and challenges in the region.  SBC Summit North America is the leading conference and tradeshow dedicated to the online betting and iGaming industry in the United States and Canada. The agenda …

William Hill has secured market access into Latvia for its flagship sportsbook and casino brand, enabled by an existing holding in the country.  The UK bookmaker plans to build on its pre-existing momentum with 11.lv – which it states has become a ‘top three player’ in Latvia’s online betting and gaming market – as well as its financial support for …