Tag Archives: results

Paddy Power revenues hit €1bn before Betfair merger

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

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Revenues drop but EBITDA up for Bwin.party’s H1

Bwin.party CEO Norbert Teufelberger has not ruled out recommended a takeover offer from GVC Holdings, but wants the firm to work on its bid. Until then, the board is continuing to support 888 Holdings’ original bid. He commented: “We have been working with GVC and their advisors to try and help them resolve certain key aspects of their proposal, something …

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Spring Carnival boosts William Hill Q4 performance

William Hill’s Australian operation was the only one that increased its operating profit in the fourth quarter, thanks to the Spring Carnival period, with a 59% jump mitigating somewhat a 13% drop in retail operating profit and a 6% dip online. It meant that the group’s Q4 operating profit as a whole dropped 7%. On a full-year basis, Group net …

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Bingo boost for 888 Holdings

Online operator 888 Holdings has recorded an increase in revenues of 15% to US$111m for the second quarter of the year, with all divisions experiencing growth. 888’s Emerging Offering channel, which incorporates its 888Sport sportsbook, saw an increase of 15% to $7m, with casino, poker and bingo all experiencing uplifts of 15%, 2% and 17% respectively. On the B2B side, …

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Customer-friendly results hit William Hill’s bottom line

William Hill has announced a 26% drop in profits after tax to £98.6m for the first half of the year, although net revenue over the period increased by 7% to £805.2m. Group operating profit was 2 per cent lower at £176.9m, which the bookmaker said reflected the impact of more customer-friendly results year on year, particularly in the first quarter. …

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Turning point for Bwin.party after 19% drop in revenues

Bwin.party Chief Executive Officer Norbert Teufelberger believes that the group has reached a ‘turning point’ after suffering a ‘challenging year’. Total revenue for 2013 dropped by 19% from €801.6m (£671.5m) to €652.4m (£546.5m) which the company said reflected its shift in policy from ‘volume to value’, ISP blocking in Greece, migration losses and the full year impact of gaming taxes …

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