Number Crunching - SNAP!, Tatts Group and The Investec Derby

Number Crunching - SNAP!, Tatts Group and The Investec Derby

Wednesday, April 19, 2017 Posted by Sam Cooke
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

$7.3 billion (AUS) - The all-cash transaction put forward by Pacific Consortium for the acquisition of Australian gambling operator Tatts Group. Pacific Consortium is the joint-venture investment vehicle of London private equity firm Macquarie Group and New York fund Kohlberg Kravis Roberts. The ‘last minute’ bid is intended to derail the operator’s agreed AUS $11 billion merger with Tabcorp Holdings.

91% - The chance of the Conservative Party winning a majority in Theresa May’s Snap UK General Election, according to bookmakers. With the Tories priced as short as 1/14 it’s clear who the clear favourite is. A ‘Hung-Parliament’, i.e. no clear majority, is priced at around 5/1 yet will only happen if the Brexit matter is divisive as some believe. Labour are at their longest odds in UK political history, with the Corbyn led party as long as 14/1 with certain operators.

2 - The number of seasons for which TLCBET will be Southampton’s official Asia Betting Partner. The deal begins immediately and will span the next two seasons, with TLCBET additionally holding the title of Global Casino Partner for Southampton FC. It’s not the first foray into football from TLCBET, having sponsored West Bromwich Albion’s shirts in 2015/16 and forming a partnership with Middlesbrough in 2016.

68,000 - The bets-per-minute processed by NYX’s OpenBet platform on Saturday, 8th April 2017. It was an increase of 10% from the 2016 figure in what is the supplier’s busiest 24-hours of the year. It came on Grand National weekend and 24 million bets were processed in the one day period.

$825 million - The price paid by Korean games developer DoubleU Games to IGT Group Plc for its social casino subsidiary Double Down Interactive. IGT governance informed investors that it had agreed to sell the social casino asset for $825 million, representing a value of 10.5x on Double Down full-year 2016’s adjusted earnings. Additionally, IGT now form a ‘multi-year strategic partnership’ with DoubleU.

£1.5 million - The record minimum total prize fund for this year’s Investec Derby. European online bookmaker Unibet (Kindred Group) has this week been announced as the official partner of The Investec Derby Festival, forming a three-year partnership with Epsom Downs Racecourse. The Derby is renowned as the greatest flat race in the world, and Unibet estimates that there will be an excess of £60 million wagered across the industry on this year’s Investec Derby.   

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