The iconic Hippodrome Casino in London reported that its profits suffered a sharp decline over the past fiscal year, blaming economic and political turbulence for diminishing its patrons’ confidence. As revealed in the latest financial filings published by the casino operator a few days ago, its revenue over the twelve months which ended on December 31st, 2018, fell by about 2% from £77.8 million to £76.5 million, while its EBITDA (earnings before interest, tax, depreciation and amortisation) was down from £8.6 million in 2017 to £5.2 million in fiscal 2018.…
Read MoreDay: 16 July 2019
Gambling Operators Paddy Power and 1xBET Emerge as Major Shirt Sponsors of Two English Football Clubs Despite Criticism
The invasion of gambling operators into football and sports is still proceeding, despite the strong wave of criticism faced by the companies over the past few years. The beginning of the week saw two professional English football clubs announce sponsorship agreements with gambling companies. First, it was Chelsea FC, which is to start the 2019/20 season at the third position of the English Premier League, to reveal a new sponsorship agreement with 1xBET. The football club revealed that has named the online global gambling operator as its latest commercial partner…
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