The recent announcement of the merger between PartyGaming and bwin has shaken the online gambling industry to its core, leaving some of their major competitors desperately looking at how to maintain their market share in an industry that is destined for consolidation.
Financial results have been released this week for bwin, and like PartyGaming the numbers [...]
Tags: Australian gambling, bwin, Financial Results, gaming industry finance reports, partygaming
Tabcorp Holdings have announced a change in strategy following a disappointing financial result for 2010 which saw overall profit for the group drop by $52m to $469.5m.
Tabcorp CEO Elmer Funke Kupper has announced a change in strategic direction that will see the group become more of a casino focussed company. In a move away from [...]
Tags: Australian gambling, Financial Results, gaming industry finance reports, Tabcorp
PartyGaming, the publicly listed online gaming company, today released their financial results for the fist 6 months of 2010. Total revenue is up 30% to €181m on the same period as last year, a figure that has surprised many industry analysts.
Total EBITDA is also up to €48.1m, a rise of 15%, but the consolidated numbers, [...]
Tags: Financial Results, partygaming
32 Red Plc, the casino and online pokies operator that is listed on the London Stock Exchange has released record revenue figures to the market. Despite difficult trading conditions caused by the global economic downturn, total revenue for the group is up 34% to £7.8m for the first 6 months of 2010 compared to the [...]
Tags: 32 Red, Financial Results, gaming industry finance reports
The recent run of poor financial results experienced by leading online gambling companies has been attributed to the huge popularity of the football World Cup. PartyGaming, one of the biggest online gambling operators, whose markets stretch from the UK to as far as Australia from their European base have seen their poker and casino activity [...]
Tags: Financial Results, gaming industry finance reports, partygaming
William Hill the UK based gambling group has seen 25% growth in its Q1 egaming revenue compared to the same period last year.
Much off this has been attributed to the new Orbis powered sportsbook platform which has a new in-running product that enables bets to be taken during sporting events. This has resulted in them [...]
Tags: Financial Results, gaming industry finance reports, William Hill
William Hill, the UK based bookmaker today recorded a huge slump in profits for the 2009, indicating that the gambling sector has been hit hard by the global recession.
Tags: Financial Results, William Hill
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