Number Crunching – Operator losses, payment restructures and a crowdfunding success

Number Crunching – Operator losses, payment restructures and a crowdfunding success

Thursday, January 12, 2017
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

£100 million - The estimated losses for betting operators over the festive period. William Hill alone detailed losses of £20 million in December, which was largely due to unfavourable football results. From December 26-28, Chelsea, Manchester City, Liverpool, Arsenal, Tottenham and Manchester United all won their Premier League matches.

£260 million - These December losses for William Hill left profits £20 million below prior expectations. Closing its full-year 2016 performance, the company's governance detailed to investors that earning guidance would be 'at the bottom end' of its £260-280 million range.

$197.7 million - Amaya Inc has detailed changes to its payment plan for Rational Group assets. The company has confirmed that it will pay the $197.7 million balance relating to the deferred purchase price of the assets throughout the course of 2017.

90% - The governance of Caesars Entertainment Corporation (CEC) are closing on a final resolution relating to the $18 million debt restructure of its Caesars Entertainment Operating Company (CEOC), after a reported 90% of senior creditors accepted the terms.

50 million - The amount of content updates that Sky Betting & Gaming brands publish each day across multiple verticals. The bookmaker has therefore partnered with digital data and customisation specialist Qubit to boost its personalisation and player targeting capabilities, specifically by utilising Qubit’s ‘Visitor Cloud’ technology.

99% - DFS operator Premier Punt will use the money from its successful crowdfunding campaign on Seedrs to 'move into overseas markets and make more proprietary gambling software'. The Aberdeen-based company has raised 99% of its £200,000 target.

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