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Business
February 27, 2020
William Hill Sets Out Plans For Future Growth And Expansion
William Hill outlined its plans for further development by focusing on growing revenue through improving its operational efficiency and utilizing economies of scale, supported by a highly competitive customer service complemented by the introduction of an agile team. Technology Innovation After revealing its 2019 financial results yesterday, William Hill explained its strategy built around continuous […]
Business
February 26, 2020
William Hill Retail Division Performance Impacts 2019 Results
William Hill reported today its 2019 fiscal year financial results, with net revenues down 2% year-on-year to £1.6 billion and underlying operating profits on the red 37% to £147 million, mainly due to rising operating costs stemming from increased investment. Retail Stake Limit Hit William Hill was most affected by the implementation of the £2 […]
Business
February 26, 2020
Caesars Entertainment Posted $1.2B Net Loss In Fiscal 2019 Year
Caesars Entertainment Corporation reported today results from the fourth quarter of 2019, as well as results for the full fiscal 2019 year ending June 30, and despite an increase in net revenues, the net result of $1.2 billion loss marks a significant drop in profitability for the largest casino operator in Nevada. Q4 Up But […]
Business
February 25, 2020
William Hill Secures Tribal Gambling Market Access In Michigan
William Hill becomes the next sports betting operator to ensure entry into the forthcoming Michigan market by signing a long-term agreement with the Grand Traverse Band of Ottawa and Chippewa Indians /GTB/. Legislation Only two months have passed since in December 2019 State Governor Gretchen Whitmer approved HB 4311, creating the Lawful Internet Gaming Act […]
Business
February 25, 2020
NAB Gambling Block Feature Extended to Android Mobile App
In March 2019, the National Australia Bank (NAB), one of the country’s Big Four incumbent banking institutions, announced the roll-out of a special feature that gave its iOS customers the ability to block gambling transactions. These included sports betting, casino games, online betting, and even lottery tickets. Now, this feature has also been rolled out […]
Business
February 22, 2020
Barstool Sports Sells 36% Stake to Penn National for $163m
After four years of rapid expansion and an estimated monthly traffic of 10 million visitors, Barstool Sports turned the next chapter of its development story by signing a $163 million deal with Penn National Gaming. Barstool Sports Seals $163m Deal with Penn National Casino operator Penn National Gaming (PNG) has acquired a 36% stake in […]
Business
February 21, 2020
Sportradar Agree Data Deal With The Action Network
Sportradar has penned a multi-year agreement with the sports betting platform, The Action Network, to become an official provider of sports data and content for the media company. Under the agreement, the US-based Action Network will be able to leverage sports data services from the content solutions provider Sportradar to power up its premium subscription […]
Business
February 21, 2020
Gambling Addiction in Japan to Be Covered by Public Health Insurance
Japan is still on track with its plans to launch a gambling industry despite a few setbacks that have gotten in the way of progress. The issue of gambling in the country has been very controversial with many people citing serious concerns regarding the establishment of integrated resorts in three Japanese prefectures. Recent bribery allegations […]
Business
February 19, 2020
Scientific Games Reports 2019 Growth Despite Tough Q4
The Las Vegas-headquartered Scientific Games has surprisingly announced a rise in its year-on-year revenue and a reduction of the reported 2019 net loss, despite having a tough Q4 with falling gaming and social revenue. Revenue The 12 months through to 31 December 2019 reportedly generated revenue of 1.2% higher than the previous period, with $3.4 […]
Business
February 19, 2020
Nominations Finally Open for 2020 American Gambling Awards
The wait is finally over for anyone who has been waiting for the highly-anticipated 2020 American Gambling Awards. Its organizers have recently announced that the nominations are now open being accepted for the 12 categories of the Awards whose winners will get to walk away with the highly-coveted Golden Eagles. Needless to say, the American […]