Tag Archives: FTSE

Itai Frieberger – 888’s technology dynamics will meet future consumer multi-faceted demands

Presenting investors 888 Holdings full-year 2016 financial results, Chief Executive Itai Frieberger has stated that following a ‘fantastic year’, 888 now enters a crucial period in its existence as the company vows to compete in a ‘multi-faceted arena’. Updating corporate shareholders, Frieberger detailed that 888’s 82% profit increase was a testament to the firm’s governance strategy, focusing on a ‘continued …

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Philip Bowcock takes full leadership of William Hill Plc

The William Hill board of directors has this morning confirmed that acting Interim-CEO Philip Bowcock has been promoted to the position of Group Chief Executive Officer, taking on full leadership duties of the FTSE-listed betting operator. The official appointment of Bowcock as CEO, sees William Governance end its + 8-month search for a replacement to former leader James Henderson who …

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Breon Corcoran – Paddy Power Betfair considering all options to build a Global Legacy

Breon Corcoran has told Paddy Power Betfair (PPB) investors and the media that his company will not shy away from corporate acquisitions, as he expects further consolidation within the global gambling market. Speaking to investors following the presentation of PPB’s full-year 2016 results, Corcoran detailed that PPB governance was keeping an eye on market M&A activity, despite undertaking the integration …

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William Hill pushes for three-point recovery plan in 2017

William Hill governance has this morning published its full-year 2016 financial statement, in what has been a tough year for the FTSE-listed bookmaker, having to revise its corporate forecasts twice in one year due to higher costs and unfavourable sports results. Closing its 2016 performance, William Hill governance posted a group revenue rise of £1.6 billion in-line with 2015 results. …

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William Hill board to promote Philip Bowcock to Group CEO

The Financial Times has reported that William Hill governance will announce the promotion of Chief Financial Officer and ‘interim’ CEO Philip Bowcock to the corporate leadership position of Group Chief Executive this Friday. Bowcock who joined the FTSE operator in November 2015 from UK Cinema chain Cineworld Group, has been acting as interim William Hill leader following the departure of …

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Strengthened Playtech focuses on customer ‘lock-in’ for 2017

Declaring its full-year 2016 performance, the governance of FTSE-listed Playtech Plc has stated that the firm will now concentrate on a ‘locking-in’ strategy having boosted its sports betting services and added new gaming inventory to its client portfolio. Posting its full-year 2016 financial summary, Playtech would declare increased corporate revenues of €708 million up 12% on corresponding FY 2015’s €630 …

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Paddy Power Betfair positive on 2016 performance despite unkind Q4 closing

FTSE-listed Paddy Power Betfair Plc (PPB) is the latest industry operator to fall foul of punter-friendly results recorded during Q4 2016. Issuing a trading update ahead of its full-year 2016 results on 7 March, PPB governance detailed that an unkind Q4 2016 closing had cost its operations revenue losses of £40 million on European football results and a further £5 …

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Betfred & GVC forgo platform partnership

Industry news sources have reported that Betfred and GVC Holdings (GVC) have terminated their planned platform partnership, just months before Betfred was due to begin its platform migration to GVC systems. EGR Magazine reports that the both Betfred and GVC governance have agreed by ‘mutual consent’ to terminate the partnership, first agreed in May 2016. Entering the partnership, Betfred had …

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Playtech hires Alex Latner as new General Counsel

FTSE-listed gambling technology provider Playtech Plc has confirmed that it has appointed long-term legal adviser Alex Latner as its new General Counsel.  Latner has prior experience of working with Playtech governance, having advised the company as a partner of London law firm Berwin Leighton Paisner (BLP) on several corporate acquisitions, important industry transactions and legal disputes. The appointment of Latner …

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Paysafe governance confident of outperforming 2016 revenue & earnings guidance

Issuing an ‘unaudited’ full-year trading update, FTSE 250 listed payment provider Paysafe Group stated that combined momentum of its enlarged group would see the firm exceed $1 billion in corporate revenues.  Updating investors, Paysafe governance stated that a strong second half to FY 2016 would see the company report top-line metric guidance towards the upper end of its corporate guidance. …

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