Number Crunching - 32Red cash offer and punters’ preferences

Number Crunching - 32Red cash offer and punters’ preferences

Thursday, March 30, 2017
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

£176 million - The outright cash offer for 32Red PLC from Kindred which has now become unconditional. The governance of 32Red informed corporate stakeholders that both its investors and directorship had accepted the offer which was put forward on 23 February 2017. Kindred will look to integrate all 32Red assets by H1 2017.

87% - The amount of UK sports punters who already have a betting provider in mind when considering placing a bet. It’s one of many findings from user experience and digital marketing consultancy Global Reviews' latest report. Other key statistics include online sports betting brands losing, on average, 75% of their potential customers during their online orientation.

19% - Jackpotjoy Plc’s reported EBITDA growth in the company’s maiden results on the London Stock Exchange. CEO Andrew McIver commented: “The past financial year has been a turbulent one for the Group, so I am pleased to be reporting strong results today, which clearly demonstrate the strength of our brands across the portfolio”.

45% - The increase in revenue reported by Gfinity Plc, Europe’s only listed esports firm. They still have a pretax loss of £1.7million but the message from the Gfinity camp is one of optimism. The company’s pretax loss has narrowed and Gfinity, who boast London’s only dedicated esports arena, have spoken optimistically about the coming year.

120 - The number of Ladbrokes Coral senior executives that have been presented with the new firm’s vision and strategy. CEO Jim Mullen has urged his team to utilise the enlarged revenue generating capabilities with market-leading operational efficiencies following the merger to help the company reach its optimal value.

$1.7 billion - The value of the specially built state-of-the-art dome that will house the Las Vegas Raiders after NFL Franchise owners voted in favour of the relocation of the (previously) Oakland based franchise. The Vegas Raiders are set to secure a whopping $750 million in Nevada state funding, and the Davis family heading up the venture will be granted a $600 million loan from Bank of America.

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