Number Crunching - MRG, the NFL and OPTIMA

Number Crunching - MRG, the NFL and OPTIMA

Wednesday, May 23, 2018 Posted by Michael Lawson
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Breaking down all the week's news into a set of easy to manage figures.

40% - The expected increase in 2018 full-year revenues for Mr Green. The firm also announced it will be rebranding to MRG, and set a target of 25% annual growth until 2020.

4 - The number of core principles outlined by the NFL in relation to the Supreme Court’s recent decision to repeal PASPA. The NFL, and particularly its Chief Commissioner Roger Goodell, were amongst the staunchest opponents of sports betting. The association urged Congress to develop a uniformed betting framework, guided by the following principles:

- The development of substantial consumer betting protections.

- All sports leagues must be able to protect content & intellectual properties.

- Fans & audiences must have reliable access to official league data & information.

- Law enforcement must have resources to monitor betting markets, and the capabilities to penalize and prosecute bad actors at home and abroad.

38% - The percentage of retail betting shops William Hill expects to lose on the back of last week’s governmental ruling on FOBTs, that saw maximum stakes on the machines slashed from £100 to £2.

A statement released from the UK giant read: “At this point, preliminary estimates suggest that the stake limit could result in c900 William Hill shops (c38% of our existing Retail estate) becoming loss-making. A proportion of these would be at risk of being closed within a relatively short time of the proposed staking change being implemented and, for the remainder of the estate, we will monitor the actual impact on the estate and performance over the medium and long term.”

12 to 18 months - The time period that OPTIMA CEO Jacob Lopez has called for the government to afford British bookmakers following on from the FOBT review. Lopez argued that this transition period would give betting firms a chance to adapt their business models and help guard against substantial revenue falls.

“The decision from the UK government regarding FOBTs is on one hand understandable due to political pressure and the magnification of the existing problem gambling in the UK,” said Lopez. “However, as the UK Gambling Commission study highlighted, it is not clear that there is justification for a cut in the stakes to the maximum of £2.

“This is a measure that will certainly impact those retail bookmakers that haven’t got the budget or the means to make plans to innovate and find ways to become less reliant on revenue generated by the FOBTs in a short period of 12 to 18 months.”

$17 million - The figure raised by digital sports publisher Minute Media from a funding round, as the company seeks to expand its platform, technologies and media assets.

The enterprise’s latest financing round was supported by Goldman Sachs and European venture capital firms La Maison Luxembourg and Vintage Partners.

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