When Kindred Group announced earlier this month that it would be acquiring the London-listed online gambling group, 32Red Plc, the deal was still subject to a number of terms and conditions. These included approval for the deal by the Licensing Authority of Gibraltar which licenses and regulates the Microgaming powered online casino 32Red Casino, as well as the acceptance of the deal by majority shareholders of 32Red. This week, Kindred Group announced that its EUR 203 million deal to acquire … [Read more...]

888 Holdings reported for the fifth consecutive year that it will be paying a dividend to shareholders after the London-listed group saw its profits rise a massive 82%. As a result of the announcement made by the group last week, stock prices climbed 7% to an 11 year high. A strong performance in sports betting and online casino divisions resulted in the excellent numbers for 888 Holdings. Speaking about the dividend payout, the chief executive officer of 888, Itai Frieberger said: “There’s … [Read more...]

IG Group has just revealed its results and here and there is a both mix and match of profit and loss. While, it suffered a 15% year-on-year drop in revenue in the UK and Ireland during the third quarter, to make a slightly recovery there is a report growth in other markets. Grossly speaking the overall gross revenue for the three month at the online trading company came in at £117.4 million (€135.8 million/$146.7 million) during the three months to February 28, a drop of 15% on the £122 … [Read more...]

The Toronto listed online gambling group, Amaya announced that its revenues reached record breaking levels in 2016. Total revenue for the PokerStars parent company spiked to $1.15 billion – up 8% compared to last year’s revenues. Amaya’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) also rose significantly to $524.1 million, or an increase of 14%. The numbers confirm Amaya’s preliminary results announcement earlier this year that it expected to reach record … [Read more...]

Every gaming operator these days wants to spread its arms beyond the horizon so his services could be made available everywhere under the Sun; hence it keeps signing new partnership deals for that effect. Evolution Gaming is one such operator who has expanded its services into the Mexican market after securing a content deal with Codere. As being expected by everyone, under the agreement, Codere will hold the exclusive rights to offer Evolution’s ‘Live Casino’ products in the … [Read more...]