Number Crunching - Corbyn, mybet and Stride Gaming

Number Crunching - Corbyn, mybet and Stride Gaming

Wednesday, May 31, 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.

9/2 - The shortest price yet for Labour leader Jeremy Corbyn to become the next UK Prime Minister, with Paddy Power Politics. The bookmaker informs that it has recorded a ‘continuous flow of money’ on Labour, who started this UK General Election campaign being given the longest opposition odds in UK political history of 18/1. Labour and Corbyn’s odds continue to shorten, suggesting that we could be in for yet another political upset.

€8.9 million - The mybet group revenues for Q1 2017, down 29% on corresponding Q1 of 2016. The operator attributed the decline to its online casino product being out of operation during the period due to ‘complaints raised by authorities’. In addition, part of the decline was attributed to a high number of sports betting customer wins accumulating during February and March which led to a significant hit on earnings.

21%  - The increase in corporate revenues, to £44 million reported by multi-brand iGaming group Stride Gaming PLC in its six-month interim H1 2017 results. The company attributed strong organic growth to its portfolio of iGaming brands and an increased yield per player of £127 for the period’s activity. Although the company had a 24% decline in its Social Gaming verticals, the company’s governance has outlined that moving forward it will add a weaker outlook for its social gaming division.

£83 million - The amount that The Football Pools will be sold by Sportech Plc to private equity firm OpCapita for. Sportech governance outlined that it will conclude the sale by 8 June, with OpCapita special vehicle ‘FP Acquisitions Limited’ having been approved a betting operator licence by the UK Gambling Commission (UKGC).

£12 million - The value of Casino 36 project as it aims to expand its casino presence within the West Midlands. The company has secured the rights to build a new casino property in the town of Dudley. The project will be £12 million, which will see the operator relocate its existing Castle Casino property from Castle Hill to a new site in Dudley. It promises a fully serviced casino and 450-seater bingo hall. It may also create up to 100 new jobs in the West Midland’s town.

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