Number Crunching - Paddy Power, Golden Gate and FOBTs

Number Crunching - Paddy Power, Golden Gate and FOBTs

Wednesday, August 9, 2017 Posted by Joseph Streeter
Breaking down all the weeks news into a set of easy to manage figures

$2.86 billion – The monthly gross revenue of Macau Casinos in July, climbed to $2.86 billion, contributing to an accumulated gross revenue (January to July) of $18.66 billion, an increase of 18.9% against the amount recorded in the same period of last year. Read More 

£827 million – Revenues recorded by Paddy Power Betfair in the first half of 2017. While the UK betting giant’s top line was up 9% on the prior-year period, growth was down by 50% when compared between the first half of 2015 and 2016. PPB attributed the slowdown in growth to the lack of a major football tournament and unfavourable sports results. Read more

£24,000 – The amount raised by Mecca Bingo and Gala Bingo clubs across the South East, as the charity partners took part in a hugely successful charity football match. Read More 

£100 – The maximum stake on Fixed-Odds Betting Terminals (FOBTs) in the UK, which hit the headlines this week amid rumours the government’s review of the machines had been scrapped. Tracey Crouch MP immediately dubbed the Daily Mail article “fake news”, and Bacta chief executive John White reassured members the review had not been derailed. Read more

6 – The number of days the iconic Golden Gate Hotel & Casino will close at the end of this month, as developers nearly double the casino size with an expanded all-slot floor. One of Las Vegas’ original hotels will continue its storied 111-year legacy with a major expansion that will also include the addition of a dramatic entry way on Fremont Street Experience. Read more

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