In Part 2 of the iGaming Business Salary Survey, Pentasia’s regional specialists provide an overview of the trends and drivers of salaries in their respective territories, including the UK, Malta, Gibraltar and North America
Flutter Entertainment saw revenue increase 10% to £533m (€618.4m/$685.7m) for the third quarter of 2019, as FanDuel and Sportsbet’s successes in the US and Australia respectively offset a retail decline driven by fixed odds betting terminal (FOBT) regulation.
GVC Holdings has today (30 September) launched the GVC Foundation, a new body that will execute its global corporate social responsibility (CSR) strategy, as well as announcing a host of new CSR projects.
Happy Friday igamers! This weeks Diary questions EA's assertion loot boxes are like Kinder Eggs, chuckles at Hills' creative writing donation, considers the state of racing Down Under and ponders SBKings
888 Holdings has promoted senior vice president and head of human resources Naama Kushnir to the role of chief operating officer. Kushnir takes on the role to replace Itai Pazner, who was named chief executive of the operator in January 2019.
The Stars Group chief executive Rafi Ashkenazi believes the operator can achieve double-digit growth in highly competitive and mature UK market in 2019, by leveraging the Sky Betting and Gaming assets acquired in 2018.
Paddy Power Betfair has set out a four-pillar strategy through which it aims to grow the business in 2019 and beyond, though analysts have questioned whether this leaves the operator over-reliant on regulatory progress in the US
The Stars Group has reported a 54.6% increase in revenue for 2018, with the strong organic growth of the PokerStars operator complemented by contributions from the newly acquired Sky Betting & Gaming and BetEasy businesses. However the company posted a loss for the year, due to soaring administrative costs, increased investment in sales and marketing and finance-related expenses.
William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.
The first day’s panels at ICE VOX 2019 saw speakers talk up the need for cooperation between operators and regulators if the industry is to survive in the face of increasing regulatory pressure and worsening public opinion. Speakers also highlighted the importance of clarity on issues such as the Department of Justice’s reinterpretation of the Wire Act and what is expected of operators when it comes to player protection.