Racing News

US racetrack business boosts Webis Holding’s turnover in first half

London-listed betting and racetrack operator Webis Holding has reported a 50 per cent increase in group turnover to US$8.1m for its first half ended 30 November 2019.

The company saw an improved period of trading for WatchandWager.com during the period, despite the previously reported loss of a large syndicate business which negatively impacted total amounts [...]

1 min read

PointsBet shares slide as first half loss widens

Sydney-listed sportsbook operator PointsBet has seen net revenue more than double to AUD$27.4m during the first half ended 31 December 2019, driven by growth in Australia and the US.

Total turnover rose 154 per cent to $533.1m, with the operator accepting more than 7.1m bets during the period, an increase of 92 per [...]

1 min read

UK Betting and Gaming Council appoints new communications head

UK gambling industry association the Betting and Gaming Council has appointed Kevin Schofield as director of communications and digital.

Schofield will join the association in the summer from political news source PoliticsHome, where he has served as editor since 2015.

Prior to PoliticsHome, Schofield spent over 25 years working as a political journalist at various [...]

2 mins read

ATG sees operating profit decline despite record revenue high in 2019

Swedish betting and gaming operator ATG has recorded a 57 per cent fall in operating profit to SEK1.5bn for the 2019 year.

Despite a record revenue performance in 2019, results were impacted by higher costs relating to equestrian sports rights and new gaming taxes introduced in Sweden at the start of the [...]

1 min read
Scientific Games

Scientific Games to launch first historical horse racing games

New York-listed supplier Scientific Games has developed its first historical horse racing gaming machines, which are set for launch in the US state of Kentucky.

Approved by the Kentucky Horse Racing Commission, the machines have been developed in partnership with racetrack operator Churchill Downs Incorporated (CDI) and gaming supplier Ainsworth Game Technology.

Scientific Games [...]

4 mins read

Strong year for French operators as sports betting turnover surpasses €5bn

France’s regulated online betting and gaming market has recorded its best performance since 2010 as total gross gaming revenue increased by 18 per cent to €1.42bn during 2019.

Sports betting turnover from the country’s 13 licensed operators surpassed €5bn for the first time in 2019, climbing 30 per cent versus the prior year period to [...]

1 min read
William Hill

William Hill names Adrian Marsh as next finance chief

London-listed betting and gaming operator William Hill has appointed Adrian Marsh as its next chief financial officer (CFO).

Marsh will replace incumbent CFO Ruth Prior, who announced her resignation at the start of the year, and will join William Hill from international packaging business DS Smith, where he has held the position [...]

2 mins read

Daily Racing Form signs exclusive partnership with Station Casinos

US publisher and online horse racing betting provider Sports Information Group has entered into a four-year exclusive agreement to provide the Daily Racing Form (DRF) to Las Vegas casino operator Station Casinos.

The agreement will see DRF become the official racing content provider to eight of Station Casinos’ Race & Sports Books [...]

2 mins read

UK competition watchdog to review Flutter-Stars Group merger

The UK’s Competition and Markets Authority (CMA) has confirmed that it is investigating the proposed merger between operators Flutter Entertainment and The Stars Group.

The CMA has begun a merger inquiry to consider whether the £10bn merger will create a “substantial lessening” of competition within the United Kingdom for goods or services.

To assist [...]

1 min read

BetMakers shares soar after New Jersey horse racing deal

Sydney-listed supplier BetMakers Technology Group has secured an agreement to bring its fixed odds horse racing solution to the US market.

The deal with the New Jersey Thoroughbred Horsemen Association and Darby Development, owner of Monmouth Park racetrack, will see BetMakers deliver and manage fixed odds horse racing in New Jersey.

In addition, the supplier will [...]

1 min read

Penn National Gaming names former Apple executive as CFO

US racing and gaming operator Penn National Gaming has appointed former Apple executive David Williams as its new chief financial officer (CFO).

Williams will take up his position on 3 March and succeeds incumbent CFO William ‘B.J’ Fair, who announced his resignation last September.

Williams brings a wealth of finance, technology and strategic management expertise [...]

3 mins read

Sports betting and online casino drive ATG revenue growth in 2019

Swedish betting and gaming operator ATG has reported a 7 per cent increase in net gaming revenue to SEK4.44bn (€420.7m) for 2019.

In the first year of Sweden’s re-regulated gambling market, former racing monopoly operator ATG generated total net gaming revenue (NGR) of SEK4.34bn in Sweden, with horserace betting accounting for 88 [...]

1 min read
Page 66 of 75