Number Crunching - appointments, Lithuanian acquisitions and bingo

Number Crunching - appointments, Lithuanian acquisitions and bingo

Friday, September 9, 2016 Posted by Andy McCarron
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days

1,000 – the distance in kilometres that bingo halls will have to be spaced out from one another under the new Brazilian law “The Regulatory Framework of Gaming”. The law, which still has to be approved in Parliament, also sets stipulations for casinos and their need to be established in integrated hotel establishments. States of 25m people and above can get up to three casinos, while states of 15m and above are eligible for two casinos, with anything smaller only being allowed a single casino.

3 – the number of new senior appointments at the Playtech Sports brand. Richard Andrew has joined Playtech Sports as Chief Operating Officer (COO) from The Hong Kong Jockey Club; and Danny Angus has joined as Chief Technical Officer (CTO) from OpenBet.

Mor Weizer, CEO, Playtech, said: “The three appointments we have made align with our strategic vision for Playtech Sports and our Playtech ONE technology of creating a simple and intuitive experience for customers as well as creating an opportunity to extend beyond online and mobile and into further retail opportunities.

It has also been announced that Eoin Redmond will join Playtech Sports from Paddy Power Betfair on 1 October as Sportsbook Product Director; while Peter Greberg has been appointed as Technical Director and leader of the division’s Malmo operations.

1 – the number of new appointments at Scan Coin this week where Jim Anderson has come in as Managing Director, responsible for leading the growth of the company’s regional business in the United Kingdom and Ireland. He said: “I’m thrilled to be joining Scan coin and Suzo Happ and working closely with such a dedicated team. I look forward to enhancing the Group product and services portfolio and contribute to take the company business to the next level.”

€14.9m – the EBITDA achieved by Portugal’s leading casino operator Estoril-Sol in the first half on 2016. The Portuguese division of the Stanley Ho’s Group saw its EBITDA figure increase by 7.9%, on the back of gross revenues up 3.2% to €90.9m. The firm has also spent a million euro in the first half of the year on improving the entertainment and leisure offer and restaurants in the casinos.

The company, which owns three of the existing eleven casinos in Portugal, also launched its online offer in July.

€4m - the agreed initial acquisition fee Betsson governance has agreed to pay Lošimų Strateginė Grupė for Tonybet Lithuania, representing a 3.6x multiple on the acquired assets 2016 to-date EBIT of €550,000.  Betsson will further add €2 million target based incentives for 2017 asset performance, as the operator looks to expand its presence within Baltic markets of Estonia, Lithuania and Latvia.

$1.5 million - the sum of alleged kickbacks former Amaya CEO David Baazov and close associates are alleged to have earnt from their ‘sophisticated’ insider trading system, according to documents presented by the Quebec AMF. The securities watchdog further alleges that the case against Baazov has been the biggest insider trading charge in Canadian corporate history. 

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