Fezbet

Despite the drop, the operator has labelled 2019 a “well-executed year of transition,” with April’s reduction of maximum stakes on fixed-odds betting terminals from £100 to £2 certainly creating a significant impact for the company. William Hill was also comparing a 52-week period to a 53-week period for the year prior. Adjusted operating profit from […]

The platform will offer up to two live streams per day throughout the NHL season. The games will be viewable in states with legal sports betting, with live streaming available to customers who have deposited into their sportsbook account or wagered on an event. Last month, IMG Arena secured the rights to provide operators with

Through the deal, the two companies will launch ‘Racing Post Live’ – a new show covering horseracing festivals throughout the year. Covering more than 42 live racing events, the show will feature racing experts from Spotlight Sports Group and Betfair Exchange, offering tips, insight and reaction to horseracing. Gethin Evans, Spotlight Sports Group Digital Marketing

However, the marginal annual growth was accompanied by a 5% reduction in adjusted EBITDA, to £9.3m. Adjusted profit before tax from continuing operations also halved to £1m, during a year of transformation and adjustment for the company. Accounting for the company’s sports betting investment, Sportech registered a statutory loss before tax from continuing operations of £8.4m.

Last week, the Chancellor of the Exchequer announced the Government would be providing a business rate holiday for “every single shop, pub, theatre, music venue and restaurant and any other business in the retail, hospitality or leisure sector.” The relief excluded the gambling sector, however, with bingo halls, betting shops and casinos classified as ‘financial

In the absence of football, tennis, Formula 1, American football, basketball and more, some bettors are turning to table tennis in states like Pennsylvania and Indiana. But, to generate revenue on a much larger scale, sports wagering firms simply have to turn elsewhere. So which vertical stands to gain the most from sports betting’s hiatus?

The LA County Department of Health temporarily suspended racing at Santa Anita on Friday ahead of the day’s first scheduled race.  The TOC, in conjunction with Stronach Group and the California Thoroughbred Trainers, states: “The revenue generated from continued live racing at Santa Anita is critical for the thoroughbred ecosystem to keep these backstretch workers

Does esports remain completely unaffected by the impact of coronavirus, or has it also been limited in some way? It’s no secret that the COVID-19 outbreak is a real challenge for both the sports and betting industries. The makeup of esports, however, means that rather than suspending action for the foreseeable future, competition organisers can move

The operator’s results from January to March were largely unaffected by the coronavirus pandemic, although the impact of the COVID-19 outbreak should take a greater hold on results from April and beyond. For instance, daily average revenue in Q2 2020 until 16 April was just 0% (2% organic) higher in year-on-year terms. For Q1, casino

The updated RCF is on predominantly the same terms as the former agreement except for a revised covenant limit. Through the terms of the new RCF, the covenant of net debt/EBITDA will be measured on a trailing 12-month pre IFRS-16 basis only if the facility is drawn by more than 35% at the end of