Tag Archives: financials

An industry analysts is being cautious on the performance of  William Hill ahead of the bookmaker’s interim results on Friday. Nicholas Batram of Peel Hunt said that he expects first-half EBITA to fall to around £172.1 million, largely due to retail’s poor performance. Given the industry has struggled in the first half of the year, with sporting results favouring the …

Online casino operator 32Red has seen a 20% increase of Net Gaming Revenue increased to £15.2m for the six months ended 30 June 2014. The figures are again a record for the firm, thanks to a stellar performance at the firm’s flagship 32Red Casino. Ed Ware, CEO of 32Red, said: “We are pleased to report yet another record performance for …

Financial spread betting operator IG Group posted full year or year growth, reporting net trading revenues of £370.4 million (€468.5 million/$632 million), up 2.4% on the £361.9 million achieved in the previous year. The spread betting operator posted net revenues of  in £194.7 million up 1.3% on 2013 figures (£192.2 million) The FTSE 250 company, which has a market capitalisation …

Bwin.party has reported a mixed quarter, with sportsbook performance filling in for a drop in poker and casino business. The company revealed that, since the end of June, volumes and gross win margins from the FIFA World Cup have been strong and overall the tournament performance has been in-line with management’s expectations Bwin’s sports betting operation in Italy became the …

GVC Holdings has revealed that trading during the World Cup was up 61% on the same period last year, with an average net gaming revenue per day of €736,000. The firm, which owns the Sportingbet brand, said that trading over this thirteen day period was assisted by the favourable results in the latter stages of the World Cup which resulted …

Spread betting and fixed odds operator Spreadex has seen profits rise by nearly 30% according to the latest financial accounts filed at Companies House. The firm, which offers sports betting and financial trading from one account, posted profits before tax of £18.5m from turnover of £35.4m for the year ending 31 May 2014. Spreadex, originally formed in 1999, has seen …

Online gaming operator 888 has said that it expects to announce a first half performance ‘significantly ahead’ of last year’ in a surprise trading update to the London Stock Exchange. For the six month period ended 30 June 2014, 888 said it has continued to deliver a very strong performance in comparison to the same period in the prior year. …

Slots developer Aristocrat Leisure Limited has revealed that group performance for the six months to 31 March 2014 was ahead of the prior corresponding period, with reported profit after tax and non-controlling interest of AUS$57.4m representing a 9.1 per cent increase over the prior year. The firm said that the result was driven by improving operational delivery, particularly share growth …

Two weekends of winning favourites on the football has severely impacted William Hill’s Q1 figures, with the bookmaker announcing a 14% drop in operating profit for the period. The two weekends of ‘unfavourable sporting results’ saw a 25% drop in operating profit for the firm’s retail business and a 6% drop in its online sportsbook. However the firm also marked …

Sports betting operator – Interwetten posted a year on year 7% increase in revenues for the opening quarter of 2014, the operator posted  revenues of €11.1 million (£10.1 million). The operator cited the performance of its mobile sports betting inventory as the key driver for its performance, mobile operations now account for 40% of the operators overall turnover. Furthermore Interwetten had …