Number Crunching - LeoVegas, Playtech and snooker

Number Crunching - LeoVegas, Playtech and snooker

Wednesday, October 25, 2017 Posted by Joseph Streeter
Breaking down all the weeks news into a set of easy to manage figures

$850M - The value of the deal that Las Vegas-based Golden Entertainment is closing in on completing, purchasing four casinos in South Nevada. The deal, which is expected to double the revenue of Golden Entertainment has now been unanimously approved by the Nevada Gaming Commission and is expected to be completed in the near future.

€60M - The amount it cost LeoVegas to acquire UK established casino, Royal Panda in a deal that was confirmed in the Q3 trading update of LeoVegas.

Gustaf Hagman Group CEO of LeoVegas commented on the deal: “Royal Panda has in a short time built up an efficient business with an exciting and strong brand. This is a major acquisition that we are carrying out following a carefully executed process.”

£600,000 - The amount that one fortunate punter scooped after winning the jackpot on Playtech’s Age of the Gods Live Roulette. It means that the omni-channel title has now paid out over £1m in prizes since its launch just two weeks ago.

£20,000 - The costs that Current world snooker number 10 Stuart Bingham was forced to pay after he was found guilty of breaching betting rules. The former world champion was also banned from the sport for six months.

11% - Growth reported by Bettson compared to the same period last year, nonetheless, the group’s CEO Pontus Lindwall still maintained that the overall level of growth for the period was ‘unsatisfactory’. Lindwall highlighted a lack of development from NetPlay, a UK interactive gaming operator acquired by Betsson back in April, as cause for concern.

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QTech Games CEO Jonas Alm: The challenges and complexities of the Asian market

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