Tag Archives: edison

Rank Group digital revenue climb offsets stagnant venue performance

London LSE-listed gambling operator Rank Group Plc has this morning issued a short trading statement informing investors of its corporate performance for the 46-week period to 14 May. Issuing its statement, Rank governance informs that group combined revenues remain flat gaining a 1% year-on-year increase. On a channel basis, digital revenues grew by 13%, however group revenue performance has been …

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GVC Holdings records strong 2015 performance ahead of bwin.party merger

This morning London AIM listed betting operator GVC Holdings (GVC) issued a corporate trading update for its full year 2015 performance (period ending 31 December) Ahead of its merger with bwin.party Entertainment, GVC reported Net Gaming Revenues (NGR) of €247 million (£184 million) up 10.2% on FY 2014’ €224 million (£167 million). The operator further detailed that during 2015 it …

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32Red takes encouragement from underlying performance

A £2m bill for the UK’s Point of Consumption Tax and an increase in marketing in Italy has put a dent in 32Red’s profits despite the online gaming firm’s improved underlying performance. The company has reported EBITDA of £1.2m for the first half of the year, compared to £2.3m in H1 2014, with profit before taxation plummeting to £100,000 from …

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Bwin.party needs real change to avoid break up

Industry analysts have warned that Bwin.party will really need to show some signs of momentum this year if it is to withstand any pressure to break the company up into its constituent parts. The arrival of activist investor Spring Owl into Bwin’s shareholders last month saw speculation arise that the group would be better served by being split up and …

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