Six things you need to know in gaming today – Thursday, March 5

Six things you need to know in gaming today – Thursday, March 5

Thursday, March 5, 2015

Betfair has raised its full-year profit forecast range after revealing that trading had remained strong following an impressive third-quarter performance. The online gaming operator raised guidance for full-year 2014-15 core earnings from a range of £97-103m ($148-156m/€134-142m) to £113-118m. Revenue was up 20 per cent to £114.6m in the three months to the end of January – a fourth consecutive quarter of growth...

Meanwhile net gaming revenue at online operator 32Red rose by 26 per cent to £32.1m in 2014. The Gibraltar-licensed company enjoyed an “excellent performance” according to chief executive Ed Ware, with pre-tax profits increasing from £2.3m to £3.4m...

Another company that enjoyed a good 2014 was Fortuna Entertainment, which reported that total gross win for the year was €132.6m, up 13.9 per cent on the previous 12 months. The operator, whose FortunaWin brand is central and eastern European-facing, enjoyed a 14.9-per-cent rise in sportsbook gross win at €125.1 million. For more on the preliminary results, click here to check out today's report on TotallyGaming.com...

Holland Casino, the Dutch state gambling monopoly, has ended seven years of losses after posting a net profit of €12m in 2014. The company, whose 14 casinos are in the early stages of being sold off by the government, said the improvement was partly due to its placing of fruit machines in smoking zones...

Bet365 could be in hot water Down Under after the Australian Competition and Consumer Commission (ACCC) regulatory body said it is to sue the operator for “misleading representations” in the promotion of its free bet and deposit bonus offers. The ACCC said it would seek “declaration, injunctions, pecuniary penalties, corrective advertising, a compliance program and costs” from the operator...

Meanwhile, New Zealand has launched a public consultation on proposed changes to gambling fees. Internal Affairs Minister Peter Dunne said that changes are necessary because it is costing more to regulate the gambling sector than it generates in revenue, as fees have remained unchanged since 2008.

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