Number Crunching – Corporate revenues and conservative Nordic tipsters

Number Crunching – Corporate revenues and conservative Nordic tipsters

Thursday, February 16, 2017
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

£544 million - The corporate revenues that Kindred Group expects to declare for 2016. Speaking to investors and stakeholders this week, CEO Henrik Tjärnström hailed the effectiveness of a multi-brand strategy, with 15 brands now falling under the Kindred Group, and confirmed the firm's intention to relocate its London, Malta and Gibraltar divisions into new offices.

11% - The revenue growth achieved by Stockholm-listed European sports betting operator Betsson in 2016. The online casino division contributed 70% of its total group revenues, which increased from SEK 3.7 billion in 2015 to SEK 4.1 billion for last year.

14 - The shareholding percentage of Parvus Asset Management in William Hill. The London hedge fund, headed up by Danish financier Mads Eg Gensmann, is lobbying for an outright sale of the company in 2017.

2.66 - The average odds for recommended bets from UK community tipsters on bettingexpert. Sweden and Denmark are the two most conservative countries, advising bets at an average of 2.18 and 2.15 respectively, although this strategy is clearly paying off. Sweden (51.2%) and Denmark (49.7%) top the list for win rate, with the UK in mid-table at 46.1%.

€1.8 million - The decrease in operating EBIT for Kambi from Q4 2015 to the corresponding quarter in 2016. The supplier also declared Q4 2016 corporate profits of €1.2 million, down from €2.9 million from the previous year, explained in part by adverse sports results.

10/11 – Betfair odds for Labour retaining one of its supposed 'safe seats' in Stoke on Trent next week (23 February). A divided party following the departure of senior cabinet members, Labour will also battle to keep its seat in Copeland (Cumbria).


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Is the current bonus structure to blame for the gambling industry losing trust?

A recent Gambling Commission survey has noted a plummet in consumer confidence in the gambling industry. What do you think is the biggest cause behind this?

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