Number Crunching - SJM Holdings with a 3.86bn dollar answer

Number Crunching - SJM Holdings with a 3.86bn dollar answer

Thursday, August 11, 2016 Posted by Andy McCarron
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days

10 - People arrested for match fixing in the Welsh Premier League. Seven men and three women were held in police custody after allegations of match fixing on a game involving Port Talbot Town FC. Jonathan Ford, Football Association of Wales Chief Executive, said: “These arrests are as result of a thorough process of evidence gathering and close co-operation between the FAW, South Wales Police and the Gambling Commission."

120 - the number of new games that online gaming company bgo can offer its players after signing a deal with iSoftbet. The company will now add iSoftBet’s entire gaming suite, comprising original slots and branded games in HTML5 and Flash. Nir Elbaz, managing director at iSoftBet, said: “We're very excited about our partnership with bgo - it will be particularly a good one for players as they will experience an outstanding fusion, where iSoftBet's innovative games will be available at a platform known for its excellent operation, bgo.”

3,300,000,000 - Amount in £ that Rank Group and 888 Holdings reportedly bid for William Hill. The bid was duly rejected with Will Hill’s frank response that the offer ‘substantially undervalued’ its enterprise. Gareth Davis, Chairman of William Hill stated: “This conditional proposal substantially undervalues William Hill, is highly opportunistic and does not reflect the inherent value of the business.”

3,860,000,000 - SJM Holdings Limited CEO Dr. Shu Fai So revealed this week that the company is aiming to open its $3.86bn Grand Lisboa Palace resort in the Cotai area of Macau by 2018.

23,000 - What Northern ireland and Norwich city striker Kyle Lafferty was fined by the FA on a betting charge. The FA rule E8 stipulates that footballers, and others involved in the game, must not bet on any games  worldwide. This charge related to a match played back in February of this year. An FA statement read: “Kyle Lafferty has been fined £23,000 and warned as to his future conduct after he accepted an FA misconduct charge in relation to betting. The Norwich City forward breached FA rule E8 in respect of a bet placed on the result, progress, conduct or any other aspect of, or occurrence in, a football match or competition on 20 February 2016.”

12 - Ban in years that South African wicketkeeper, Thami Tsolekile, was given as a punishment for charges related to match fixing. Tsolekile is one of a number of players caught up in the scandal around South Africa’s Ram Slam Twenty20 competition in 2015. Haroon Lorgat, Chief Executive of CSA, said: “Whilst there has been no evidence to suggest that an actual fix in any match was carried out, these players all participated in material discussions about match fixing. In fact, they all went further and accepted, or agreed to accept in the future, sums of money which they knew or ought to have known was given to them to partake in activity that would amount to a breach of the Code, or bring the game into disrepute.

400,000,000 - MGM boosted its EBITDA target for 2017 to $400m (£308m). This follows considerable refigurement of the company structure including the sale of Crystals retail outlets, and the splitting off of 10 properties with a new Real Estate Investment Trust (REIT), MGM Growth Properties. MGM Resorts International Chief Executive Jim Murren said: “We had an extraordinary May last year with the Mayweather-Pacquiao fight and a couple of major music festivals. It made for a really tough second quarter (comparison) and despite that our Strip (revenue per room available) grew 3.1 percent, which I know is below what we guided.”

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