Betvictor gambled on its ability to boost revenues with its own, in-house live casino studio and lost. After 18 months of operation, the Malta-based operator is shuttering its live casino studios and moving on. The company's indigenous live casino facility had been in business since October, 2013 and was operated in conjunction with Media Live…
Betfair betting exchange stock prices took a 21% leap after the company released some very impressive numbers in their Q3 earnings reports. According to a report from CalvinAyre.com, Betfair's revenue was up 20% last quarter over the same time last year. Earnings on that revenue were up a whopping 17%. Mobile wagering was one (of…
Paddy Power is reporting record profits for 2014, a year company officials describe as having, "more ups and downs than Taylor Swift's love life." Earlier this week, the Ireland-based bookmaker reported that group revenue from 2014 was up 18% from the previous year while pre-tax revenue was up a whopping 21%, according to a report…
If there's one company in the igaming business that knows the value of the old adage, "There's no such things as bad publicity," it's Paddy Power. Ireland's biggest independent bookmaker has a reputation for off-the-wall promotions but their recent, "Money back if he walks," Oscar Pretorious murder trial promotions was one for the books. The…
William Hill's bid to acquire 888 Holdings has ended after the two gaming giants could not come to terms on a price for the deal. BBC News reported that the final offer from William Hill was somewhere in the neighborhood of £744m ($1.1 billion USD). That offer valued each 888 share at about 200 pence.…
Four of the UK's biggest bookmakers are banding together to form a new industry watchdog organization called the Senet Group. The group's founding members are comprised of some very familiar names including, William Hill, Ladbrokes, Gala Coral and Paddy Power. The Senet Group's main thrust is enforcing regulatory standards on the UK's growing fixed odds…
Any iGaming affiliate who is looking for steady revenue streams in 2015 definitely has his or her eyes fixed on the industry's Big Three markets, Asia, the UK and the US. These three markets offer established gaming markets, improving economies and billions of potential players. At the same time, the Big Three throw down plenty…
UK-facing online sports betting operators are poised to take a big revenue hit when a new, 15% point of consumption tax (POCT) takes hold on December 15. The tax is part of the he Gambling (Licensing and Advertising) Act 2014, which includes new rules on who needs to hold UK gaming licenses. By levying a…
From an economic standpoint it's easy to understand why the UK is imposing a new Point of Consumption Tax (PCT) on online gambling transactions. By imposing a 15% tax rate on wagers as they're made, in the UK, they're doing an end-run around tax-dodging offshore-licensed operators and could be putting an additional £300 million ($500…
The UK online gambling market is booming with licensed operators reporting combined revenue of £1.06 billion ($1.82 billion USD) between September, 2012 and September, 2013. That billion pound mark represents a pretty sweet 16% gain over the previous year. One of the biggest winners in the British boom were sports betting operators, who are benefiting…
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