Number Crunching - Corbyn, Czech Republic and mybet

Number Crunching - Corbyn, Czech Republic and mybet

Wednesday, May 24, 2017 Posted by Sam Cooke
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

€11.8 million - The value of the out-of-court settlement between mybet and Westdeutsche ‘WestLotto’ Lotterie GmbH & Co following a legal dispute. As a result, mybet Holdings SE has informed that its Supervisory Board has granted the approval for the company to raise its ‘target values for earnings before interest and taxes, as well as the firm’s full-year cash position.

€7.65 million - The upfront cash payment made by Catena Media for and its related assets. The deal has a further €4.25 million in performance earn-out incentives. It will see Catena’s affiliate network grow and the governance has detailed that the new acquisition will immediately generate revenue and earnings for the company.

£6 million - The amount of money taken in matched wagers on Betfair. 65% of bets placed last weekend were on the Labour party as they’ve now come into their shortest price since the snap call for an election. They are now into 15/1, but YouGov election polls still have the Conservative Party maintaining a lead. Betfair Politics maintains the Tories as 1/18 market favourite to stay in charge.

2015 - The year that the Irish Ministry of Finance issued the “2015 Betting Industry Amendment Act”. The Ministry has now confirmed that it will review its rate of industry taxes as part of its ongoing review of Irish Corporate Taxation laws. The ministry is seeking wider information from stakeholders and thus has invited people to submit opinions to them directly.

23% - The tax on sports betting revenues in the Czech Republic. This combined with a 35% tax on casino slots play has led GVC Holdings to not pursue operator licensing in the country. It concluded, following a review of market conditions, that current gaming laws are ‘incompatible with the principles of the European Union’.

£83 million - The amount Sportech’s Football Pools division was sold to London private equity firm OpCapita for last March. Sportech has now discontinued the accounting of the performance for the aforementioned division, but has still declared a solid start to 2017 (Q1), stating that it’s in-line with corporate expectations.

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FanDuel’s shareholders take equity slice after failed merger

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M&A effective Catena Media delivers H1 revenue boost

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Aspire to be different: Provider launches progressive jackpot slot

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Making the Pragmatic move: Supplier gains Danish approval

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