Number Crunching – Compensation claim, software development and 2016 results

Number Crunching – Compensation claim, software development and 2016 results

Thursday, January 26, 2017
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

€12.5 million - The amount that Stanleybet is seeking in compensation from the government of Cyprus for the loss of operating profits, legal costs and restriction of services relating to the ‘2012 Betting Law’ which banned wagering on Virtual Sports terminals.

$1.153-1.158 billion - Amaya's anticipated revenue range for 2016, which represents a significant increase on the previous guidance of $1.137-1.157 billion. However, CEO Rafi Ashkenazi has predicted that the strength of the US dollar against international currencies could pose a problem in 2017.

£12.2 million - The amount spent by Tabcorp on software development for Sun Bets, the Australian gambling company's joint venture with News UK. CIO Kim Wenn confirmed that Tabcorp has created a team of 188 dedicated to the development and delivery of a new proprietary wagering platform to scale up its betting services in the UK.

£40 million - The amount of revenue lost by Paddy Power Betfair in Q4 after 'adverse results' across European football. However, PPB governance has told investors that full year 2016 EBITDA would still fall around the mid-point range of £390-405 million.

200 - The number of proactive compliance inspections undertaken by the Gambling Commission on licensed gambling premises in Scotland since 2014. The Commission targeted 'a range of possible gambling offences' in last Thursday's multi-purpose compliance exercise at betting shops in Falkirk.

8/11 - William Hill's enhanced price for a 'March trigger' on its 'Article 50 deadline' market. The bookmaker increased the price on Theresa May's specified March exit from 4/7 after the UK Supreme Court ruled that the UK government cannot trigger Article 50 without the consent of parliament.

24 - Boylesports has extended its sponsorship of RTÉ Sport’s horse racing coverage for another year. The deal covers 24 days of coverage, which includes popular races such as the Irish Grand National, Irish Champion Stakes and The Irish derby, as well as festival coverage of Punchestown and Galway.

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