Mecca owner Rank slashes estimates as punters dodge bingo halls and casinos April 21, 2022 Mecca owner Rank issued a warning on profits this morning after the firm struggled to hit the jackpot with its pandemic recovery. Following softer than expected trading and increased costs pressures, the company lowered trading expectations by roughly 15 per cent, estimating earnings of around £47m to £55m for the year. It comes after the [...]
888’s UK user dip cuts into revenue as player restrictions sink in April 20, 2022 Gambling giant 888 posted humble growth this morning, with group revenue up one per cent to $224m (£172m) for the first quarter.
Ladbrokes owner Entain scores record number of bets at ‘fairytale’ Grand National April 12, 2022 Ladbrokes owner Entain has reported a record-breaking number of bets on Saturday’s Grand National at Aintree, with over 20,000 bets-per-minute placed in the run up to the race.
888 shares soar amid William Hill bargain deal April 7, 2022 Gambling giant 888 has agreed a renewed price for its acquisition of William Hill, dropping from £2.2bn to £1.95bn, and reflecting the change in the "macro-economic and regulatory environment" since the deal was first announced.
Ladbrokes owner Entain posts online slowdown as lockdown boom dwindles April 7, 2022 Ladbrokes owner Entain reported an online gaming slowdown this morning as the pandemic boom dwindled during the first quarter of 2022. Though net gaming revenue was down eight per cent compared to the immense growth seen in 2021, group revenue was up 31 per cent thanks to retail. Discussing the results, Jette Nygaard-Andersen, Entain’s [...]
Into the final straight: An interview with gambling chief Michael Dugher April 1, 2022 For most punters, it’s the thrill of horses entering the last couple of furlongs when the heart rate starts picking up. The betting industry however is in a final stretch quite unlike that at courses like Cheltenham and Epsom – for a government review in the works since 2020 is due to finally set the [...]
Gambling giant 888 launches African joint venture as online betting market swells March 29, 2022 Gambling giant 888 makes a major move into the African market, signing an agreement with industry specialists to form 888Africa.
Gambling addiction could be nine times worse than the bookies say March 23, 2022 New research has suggested that gambling addiction rates could be nine times higher than the gambling industry claims.
Watchdog whacks Sky Vegas with £1.2m fine after it offered free casino spins to recovering addicts March 9, 2022 Sky Vegas has been hit with a £1.2m fine by gambling watchdog after it sent free casino "spins" to recovering addicts.
Revenue growth drives 888’s ‘record year’ March 9, 2022 Betting and gaming giant 888 has said 2021 was a “record year” for the company, as revenue surged to $980.1m. In the year ended 31 December, the group’s gross profit went up 15 per cent to $647m, while profit before tax rocketed from $26.7m to $81.3m, bringing with it a 500 per cent increase in [...]