Number Crunching - DFS, Tanzania and The Rich List

Number Crunching - DFS, Tanzania and The Rich List

Wednesday, May 10, 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.

$48 million - The total amount of money Paddy Power Betfair will pay for US mobile-focused fantasy sports operator DRAFT. The initial upfront payment is $19 million for all DRAFT related assets and resources, with $29 million payable in performance related benchmarks to be earned within four-years of the acquisition. It comes as PPB look to expand their corporate footprint within the US market. PPB have warned that the acquisition may lead to an immediate drop in earnings, citing the potential of the market as the main reason the acquisition is set to go ahead. 

50% - The tax charge in Kenya that has seen operator SportPesa seek business in neighbouring Tanzania. SportPesa governance has confirmed that the company has been granted an operational license by the Gaming Board of Tanzania (GBT). Kenyan business news has reported that SportPesa has been reviewing its growth strategy after the announcement that Kenya’s treasury will implement a blanket 50% charge on all gambling services. 

9% - The reported group net revenue growth expected by William Hill Plc following a ‘positive start’ to the new year. In the latest trading update (17-week period to 25 April), William Hill reported a period growth in wagering and net revenues across all core business divisions. The highlight was arguably the online business, which saw an 11% increase in wagering during the 17-week period. 

£5 billion - The combined estimated wealth of Denise, John and Peter Coates. The founders and largest shareholders of bet365 retain the highest-ranking digital enterprise owners in The Sunday Times Rich List. The Sunday Times latest report details that the family’s wealth has grown approximately £1 billion in the last 12 months alone as bet365 continues to expand its online presence. Denise Coates (CBE) has been ranked as the UK’s fifth richest woman. The family owners of Stoke City have retained a 93% share in bet365 despite numerous requests by banks and financiers to take the company public. 

100 - The amount of jobs that Sky Betting and Gaming aim to create within its Leeds and Sheffield offices. The betting firm has been outlined as one of the UK’s fastest growing digital tech enterprises, and already houses over 1,200 staff members. 

€5.5 million - The operating profit reported by LeoVegas Group AB as it returns to profit. The mobile-first operator reported a significant increase in new depositing customers (+75,000) and high player activity (170,000) which saw revenue rise by 49% on Q1 2016. 

Latest
No alternative text provided

FanDuel’s shareholders take equity slice after failed merger

No alternative text provided

M&A effective Catena Media delivers H1 revenue boost

No alternative text provided

Aspire to be different: Provider launches progressive jackpot slot

No alternative text provided

Making the Pragmatic move: Supplier gains Danish approval

Gaming Products & Services Directory

The essential directory for the gaming industry