Number Crunching - Kindred, BetBright and Ladbrokes

Number Crunching - Kindred, BetBright and Ladbrokes

Wednesday, April 25, 2018 Posted by Joseph Streeter
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Breaking down all the week's news into a set of easy to manage figures

£207 million - Releasing its results for Q1 2018, Kindred has reported a strong opening to 2018, as the group continued to benefit from its expansions strategy and strong casino offering with a 36% group revenue uplift to £207 million (Q1 2017: £153 million).

Henrik Tjärnström, Group CEO of Kindred Plc, commented: “After an exceptional sportsbook margin in the fourth quarter last year, the margin has normalised in the first quarter of 2018 at 8.2 percent after free bets. Gross winnings revenue grew by 36 percent as reported and by 23 percent organically and in constant currencies, compared to the same period last year.”   

“During the first quarter, gross winnings revenue from mobile grew by 34 percent compared to the first quarter last year and amounted to 72 percent of our total Gross winnings revenue. Of the Group’s Gross winnings revenue, 42 percent came from locally regulated markets.”

$81.2m - Wynn Resorts has reported a loss in its Q1 financial results, as the group was hit with a $463.5m litigation settlement, and seeks to fight back following sexual misconduct allegations levelled at former CEO Steve Wynn.

Announcing an operating income loss of $81.2m, a number of settlements across its Macau and Las Vegas properties have also been blamed for its net income loss.

50,000 - Betting shops currently employ over 50,000 people in 8,500 shops throughout the UK and pay over £1 billion in tax, £270 million to horse racing and £80 million to local authorities in business rates every year.

As shop staff from Ladbrokes Coral, William Hill, JenningsBet and a number of independent bookmakers descended on Westminster to protest against government plans to cut stakes on gaming machines by 98% from £100 to £2.

A £2 maximum stake will have a catastrophic impact on the future of retail betting. Independent accountants analysed the financial data from 6,500 shops and estimate that a £2 stake would result in 21,000 direct job losses, half of all betting shops closing, a loss to HM Treasury of £1.1 billion over the next three years and a loss to local authorities of £45 million and to British Racing of £50 million per annum.

£10,000 - Bookmaker BetBright have donated £10,000 to the Irish Injured Jockeys Fund, after the Irish defeated the British 17-11 at this year’s Cheltenham Festival.

The BetBright Cup is awarded to the country with the greatest number of Cheltenham Festival winners. Following the Irish victory, the winning BetBright Cup Irish captain, snooker player Ken Doherty, received the trophy on the last day of the festival. The bookmaker has now delivered on its promise to award the donation of £10,000 to the Irish Injured Jockeys Fund.

BetBright is dedicated to supporting the brave men and women of racing and hope the £10,000 donation helps the Injured Jockeys Fund continue to make a real difference to the lives and welfare of the heroes of the sport we love.

43 - Liverpool hero Mo Salah was cut to just 11/8 with Ladbrokes to win the 2018 Ballon d'Or.

The Liverpool ace netted his 42nd and 43rd goals of the season on Tuesday night, forcing the bookies to slash odds to 11/8 on him being the first player other than Lionel Messi or Cristiano Ronaldo to claim the gong since 2007.

That means he's now as likely as Ronaldo and ahead of Messi (7/2) in the betting for the award, while Liverpool are currently 6/4 favourites to win the Champions League.

Alex Apati of Ladbrokes said: "Salah has averaged almost a goal-per-game in all competitions this season and given Liverpool's current position in Europe, it's easy to see why he's priced so short to win this year's Ballon d'Or."

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