Number Crunching - Cheltenham, MGM Resorts and Paysafe

Number Crunching - Cheltenham, MGM Resorts and Paysafe

Wednesday, March 14, 2018 Posted by Joseph Streeter
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Breaking down all the weeks news into a set of easy to manage figures

$362m - MGM Resorts International has detailed plans to purchase 10 million shares of its common stock from Tracinda Corporation at $36.24 per share for a total of $362.4m.

Issuing a statement, the group’s chairman and CEO Jim Murren said: “With our larger scale development projects soon coming to completion, today’s announcement underscores our confidence in the company’s meaningful cash flow trajectory and commitment to a balanced capital allocation strategy.

“This strategy includes prudently investing in attractive growth opportunities and returning excess capital to shareholders while maintaining a strong credit profile, which we believe will maximise shareholder value.”

€4m - A Sweden based player was fortunate to scoop a jackpot of more than €4m last week whilst playing NetEnt‘s Mega Fortune Dreams slot on Unibet casino. The win followed on from a player winning  $2.5m on an alternative jackpot on the site earlier in the year.

Henrik Fagerlund, chief product officer of NetEnt, said: “At NetEnt, this is what we do – thrilling entertainment. We’re delighted that Mega Fortune Dreams has created yet another multi-millionaire. The game is a real favourite and we hope 2018 continues to be a great year for more and more lucky players."

62% - Income Access, Paysafe’s marketing and technology services provider, issued a study entitled State of Play: iGaming’s Affiliate Marketing Industry, which detailed statistical and anecdotal insights on the current state of the affiliate marketing industry as well as looking ahead to what the market should anticipate in 2018.

A key takeaway from the research, which analysed more than 20 survey questions and covered a range of topics, was that 62% of affiliates chose Facebook as the social media channel they will focus on the most in 2018.

Commenting on the research Lorenzo Pellegrino, CEO of Income Access and Digital Wallets at Paysafe, outlined: “With the survey report, Income Access set out to evaluate the state of the industry through the eyes of affiliates. What we found was a mix of consistency, which can be seen in results for the leading markets and verticals, and evolution.

"Increased interest in bourgeoning verticals such as eSports and Lottery is a great sign for the industry. That affiliates are making a conscious effort to be strategic with their content development is similarly encouraging.”

45% - A new analysis from Worldpay, which utilised gambling data from the 2017 Cheltenham Festival, has revealed that there could is likely to be a 45% surge in online betting activity during the four-day festival, as racing fans aim to get the better of the bookies over the festival.

Commenting on the data, James McGurn, VP Growth – Digital Content & Gaming at Worldpay Inc., said: “More than 250,000 spectators visit the Cheltenham races, making it one of the most anticipated events in the British horse racing calendar. While the Grand National remains the undisputed champion when it comes to bets placed on a single race, Cheltenham is the most popular four days of betting for horse racing fans.”

“Whether gearing up for the Gold Cup in the grandstand, or enjoying the event from the comfort of the sofa, punters are seeking greater flexibility in how they place their bets, and that includes using their smartphones to bet on the go. In the incredibly fast-paced world of gaming, speed and simplicity is everything. Operators that offer a great user-experience across both desktop and mobile, to cater to the growing demand for betting in-play, will see the greatest gains this coming week.”

36 - Cheltenham festival opened at heavy going for the first time in 36 years, the last time the much anticipated festival opened with heavy going was in 1989, when 66/1 shot Ikdam claimed success in the opening race.

In a statement on the official twitter of Cheltenham Racecourses of the morning of the opening day, Clerk of the Course Simon Claisse stated: “We haven’t had rainfall since about one o’clock this morning and the outlook is for a dry day, with temperatures up to about nine or 10 degrees.

“The going on today’s Chase and Hurdle courses is heavy to soft in places, it’s the first time we have started on heavy ground at the festival since 1982, we had a bit of heavy in Gold Cup in 1989, so it’s been a long time since we had conditions such as this, but a dry outlook for the next couple of days, should be great for this afternoon’s racing."

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