Number Crunching - Article 50 and a big year for 888

Number Crunching - Article 50 and a big year for 888

Thursday, September 1, 2016 Posted by Andy McCarron
A roundup of some of the more interesting numbers to emerge from the past week

48 - The percentage of total gross game win via mobile gaming for slots developer Yggdrasil Gaming in the first half of the year. CEO Fredrik Elmqvist commented: “We identified some time ago the importance of adopting an HTML5 strategy and that has paid dividends. We look forward to 2017 and believe we are well-positioned to take advantage of an ever-changing technological landscape which could see Google Chrome reduce its support for Flash.”

25,000,000 - Ahead of the merger with Ladbrokes Gala Coral announced an ‘exceptional costs’ loss of £25m. In what is expected to be its final financial report before the £2.2bn merger with Ladbrokes, despite net revenues being up 10% on the same period from last year, this sizable loss was a standout figure. The costs were reportedly related to the restructuring ahead of the merger which is expected to be concluded in autumn.

100,000 - the number of live events that 888sports now offers. The betting division of 888 has helped the company achieve an increase in total revenues by 19% to $262m.

32,000 - The capacity at Sheffield United’s Bramall Lane. Online bookie Betsafe agreed a partnership for in-stadia advertising with the Blades this week. The deal includes branding on staff clothing and betting kiosks in the stadium.

257,000,000 - ASX listed casino operator Crown Resorts is said to have sold off 4.8% off the business for a return of AUS $257m. This is a part of James Packer’s equity and reduces his majority stake to 48.2%. Back in August 2015 Packer stepped down as Crown Executive Chairman. He was replaced by former Deutsche Bank executive Robert Rankin.

40 - The % of total betting volume with Sportsbet.io that was placed on the Olympics during the 16 day period. The Bitcoin friendly operator revealed that it enjoyed a great Rio 2016 with in-play betting the name of the game too as it accounted for a huge 60% of bets.

Sportsbet.io spokesperson Joe Jordan, said: “Rio 2016 has demonstrated just how popular betting on the Olympic Games has become. Not just on tennis and football, but also handball and track events. Tennis and football will always prove popular, however it’s the popularity of the so-called lesser sports that is impressive. Nobody would have expected handball to achieve similar volumes as football.”

2019 - William Hill has stated its belief that Brexit will go through in 2019. With Article 50 yet to be triggered, and the government seemingly reluctant to push it through and commence the two year countdown bookmakers have been offering odds on if and when it will happen. Prime minister Theresa May has repeatedly stated it will.

Graham Sharpe, Political Spokesperson for William Hill, commented: “Theresa May seems set on making Brexit happen as soon as she can, but allowing for inevitable delays along the way we reckon 2019 is the best bet”.

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