Number Crunching - SportPesa, Sky Bet and IGT

Number Crunching - SportPesa, Sky Bet and IGT

Wednesday, November 15, 2017 Posted by Joseph Streeter
Breaking down all the week's news into a set of easy to manage figures

$550m - The latest operating losses recorded by IGT in the group’s Q3 2017 trading update, IGT cited the $714 million write-down charge of its ‘North America Gaming & Interactive’ business unit as the reason for the heavy losses.

In a statement regarding the update,  Marco Sala, CEO of IGT Group stated:“Our largest global Lottery operations are growing steadily and acceptance of our newest gaming machines is expanding around the world. The significant increase in Gaming and Lottery product sales demonstrates clear interest in our systems and technology solutions. We expect our sustained investment in innovation, led by a customer-first, player-centric focus, to drive continued momentum in both Lottery and Gaming.”

€401m - The operating profits reported in the Q3 2017 trading update from refinanced Spanish gambling firm Grupo Codere. Furthermore, the significant operating profits of the group were part of an improved net operating income of €8.7 million.

£6,000 - The amount that Sky Bet’s tech team raised for Leeds based charity ‘give a duck’. The charity event tested employees’ tech, coding and bug hunting skills as they aimed to unearth security flaws across several key company systems, with cash awards for the severity of the bug. 

Technical Vulnerability Analyst at Sky Betting & Gaming, Glenn Pegden said: “The Charity Hack Day this year was bigger and better than ever, with more employees choosing to get involved and experienced bug hunters giving up their time to provide mentoring and assistance to less experienced colleagues, all of whom went on to log their first ever bug. It was great to be involved in planning the event for a good cause and the atmosphere on the day was amazing.”

25 - The number of years since the implementation of the ‘Professional and Amateur Sports Protection Act’ (PASPA), which currently prohibits sports betting activities throughout the USA. This week New Jersey Congressman Frank Pallone expressed his belief that the ban should be lifted. His opinion was supported by UFC Vice President of Regulatory Affairs Marc Ratner, who stated: “Personally, not for the UFC, I am in favor of sports betting around the world, around the country especially.”

5 - The number of years that SportPesa signed a deal to become a partner of ever popular video game Football Manager. As part of the newly formed partnership, SportPesa will receive in-game advertising during match simulations and dual-branded content will appear on the operator’s popular social media channels. Commenting on the partnership, Shaun Simmonds Head of Marketing for SportPesa said: “We’re thrilled to finalise this partnership with Football Manager, the game is rightfully adored by thousands of football fans all over the world and is recognised as a footballing institution.”

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