Number Crunching - Money, money money

Number Crunching - Money, money money

Thursday, March 23, 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.

€200 million - The amount secured by Greek gambling operator OPAP following a bond issue. The investment came through both Greek and foreign investors and will help the operator speed up its internal investment plans. The plans include ambitious video lottery terminals (VLT) expansion and an upgrade to its lottery and gambling networks. It will be broken down as follows: €72 million to be used for IT infrastructure improvements; €25 million invested in VLT expansion; €20 million for the installation of self-service betting terminals.

€894 million - The Net Gaming Revenues reported by GVC Holdings in its first year as a FTSE-listed enterprise. The company has outlined the integration of its acquired bwin.party assets (Bwin, party gaming brands and Foxy Gaming) and improved platform stability as highlights in its successful year. The total payout for investors in 2016 was a dividend of €30.

82% -  888 Holdings reported profit increase in 2016. The FTSE250 online gambling operator attributed the growth to the continued growth of its B2C casino division and a market uplift in its sports betting wagering.

£1 million - 123gaming Limited’s aim from its Seedrs crowdfunding campaign. It will come for a combined equity of 11.66%. The campaign is to raise money for its 123Bet racing product which will pit players against the market, with leaderboards displayed on-screen at racetracks, terminals, online and on mobiles across America. Sportech has got the campaign off to a solid start with a £100,000 investment. 

£20.9 million - The accepted buyback of shares issued under a ‘tender offer’ from racing technology and systems provider Sportech Plc. The share buyback will be fully executed by 28 March 2017.

$21 billion - The revenue recorded by Tencent, the company behind the world’s largest esports title League of Legends.The company’s game portfolio also includes huge mobile games Clash of Clans and Clash Royale as the mobile esports scene continues to grow. 

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