Company Reports

The top casino operator Genting UK has officially announced the roll-out of interactive sports lounges. Genting Casino Sheffield and Genting Casino Liverpool Queen Square are to become the first casinos of the brand to launch the unique facility, which has never been offered by Genting before. The innovative sports lounges that are to be brought to the two gaming venues are to provide the brand’s customers with high-quality sports viewing facilities and also with a couple of gaming products which are completely new to the UK. Two Genting Casinos to…

The Greek betting company OPAP revealed a massive increase in its third-quarter net profit, saying that the boost was driven by its newly-released video lottery terminals, as well as by the reversal of litigation provisions. Currently, the operator is the fifth-largest betting company on the territory of Europe. In its latest fiscal report, OPAP revealed that its net profit over the period from July to September amounted to €48.1 million. In comparison, the net profit reported by the firm over the same period a year earlier was estimated to €29.3…

The founder of bet365 Denise Coates has reportedly become the highest-paid chief executive officer in the UK, after receiving a payment of £217 million in 2016. Last year, the reported profit generated by the online gambling operator reached £525 million, while the brand’s customers wagered a record of £47 billion. The amount wagered topped the bets made over the previous year by approximately £10 million. The payment came as a recognition for the massive growth in the gambling operator’s profits, which were up by 15% and reached £514 million. According…

The online betting agency Neds got another backlash after it was forced to pull out another one of its adverts after complaints have been made to the Australian Standards Bureau (ASB). The latest TV commercial that Neds was forced to withdraw was considered to be promoting excessive gambling according to the board of the Australian Standards Bureau. The ad and its tagline “It’s time to bet” has been removed from all websites and YouTube, too. This is the second time the company suffers a sanction due to various complaints related…

Sky Bet’s boss has tried to persuade Chancellor Philip Hammond not to increase gambling-related taxes in the upcoming Budget. According to the gambling operator’s Chief Executive Officer Richard Flint, such a step could restrain the company’s investment plans for its domestic markets. The commentary of Mr. Flint came at a time when Sky Betting & Gaming, the parent company of Sky Bet, revealed a 38% revenue increase to £516 million. The operator’s EBITDA (earnings before interest, taxes, depreciation and amortisation) also rose by 38% in comparison to the previous year,…

One of the largest bookmakers on a global scale – William Hill – has been accused of releasing “sexist” promotions to its customers. The gambling and betting giant was caught offering a special promotion featuring a AU$150 bonus, but for male customers only. The promotion material was sent to the company’s customers last week via e-mail. Under the rules, every member of William Hill’s website would be granted with a free AU$150 bonus in case that they convince a friend to register an account with the bookmaker, while the new…

The UK Gambling Commission (UKGC) has imposed a £2.3-million fine on Gala Interactive after an investigation found that the company breached customer protection regulations. The UK gambling regulatory authority’s actions follow an investigation, which discovered considerably flaws of the Gala Interactive’s dealings with two high-roller customers who spent approximately £1.3 million of stolen money to gamble. According to the data announced by the UK Gambling Commission, the first customer lost a total of £837,545 in a period of 14 months, while the other player lost the amount of £432,765 over…

It seems that the Hard Rock Casino is trying to expand its gambling offerings by avoiding the political games at city hall. Hard Rock International, which acquired the operations of the Rideau Carleton Raceway about a month ago, has quietly sought a permission to add 14 new gaming tables to its offerings. The Casino, located in South Ottawa, has applied for a permission seeking to give it the chance to boost the number of gaming tables it offers from 21 to 35, trying to fully bypass local council’s approval. The…

The shares of UK’s two largest bookmakers increased after the Department for Culture, Media and Sport (DCMS) announced that new rules must be imposed on the local industry. Yesterday, the DCMS finally published its long-awaited review of controversial fixed-odds betting terminals, which was followed by a boost in the shares of Ladbrokes Coral and William Hill. The Share price of William Hill rose by 2.34%, while Ladbrokes Coral saw its share price increase by 1.68%. At the time when the report was published, the Government revealed that the FOBTs’ maximum…

The casino and real estate mogul Steve Wynn provided some information about the Las Vegas-based resort that is to be built. The owner of the property, which has been estimated to $1.6 billion, revealed more details about the attractions that are to be offered at the new property and that have been especially designed for customers who are not there to gamble. Steve Wynn revealed on an earnings call with investors that the project, which is called Paradise Park, is to feature bumper cars that are to be chased around…