Number Crunching - William Hill fine, Will Grigg's goal and record revenues in Portugal

Number Crunching - William Hill fine, Will Grigg's goal and record revenues in Portugal

Wednesday, February 21, 2018 Posted by Michael Lawson
No alternative text provided
Some of the key figures from the gambling world over the past seven days.

£6.2 million - The William Hill Group was handed a £6.2m penalty package for “systemic social responsibility and money laundering failures”. A near two year Gambling Commission investigation, undertaken between November 2014 and August 2016, found that senior management failed to mitigate risks, with a sufficient number of staff members not on hand to ensure anti-money laundering (AML) and social responsibility processes were effective.As a result, ten customers were able to deposit £1.2m of money linked to criminal offences, and from which William Hill gained.

£25 million - The amount British bookmakers have saved from Manchester City not winning the quadruple. Manchester City crashed out of the FA Cup at League One Wigan Athletic on Monday night courtesy of a Will Grigg goal. The Northern Irish international struck as the tie approached the final ten minutes, putting to bed any hopes Pep Guardiola’s side had of securing an unprecedented and historic four-trophy haul.

€250 million - The amount Stockholm-listed industry affiliate network Catena Media Plc has expanded its current corporate debt framework to. Corporate interest payments were also reduced from 6.75% to 5.5%.

€36.5 million - The amount of revenue generated by Portuguese gambling operators in the final quarter of 2017 - a new record. Portugal’s gambling regulatory body Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) announced the figures, which are nearly €10 million higher than the same period of the previous year.

AU$1 million - Australia’s TopBetta Holdings Ltd  has received firm commitments to raise AU$1 million to fund the development of its global betting platform. The Tatts Groupfirm was able to do so via a placement of shares at AU$0.285 each to trusted investors. Funds received will be used primarily for working capital and to strengthen future cash flow obligations. The move comes after TopBetta last month revealed 95% year-on-year revenue growth for the second quarter.

Latest
No alternative text provided

RISQ's Julian Borg-Barthet - The evolving jackpot landscape

No alternative text provided

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

No alternative text provided

Number Crunching - John Asher, Cherry AB and GIVEMESPORT

No alternative text provided

Number Crunching - STS, DrückGlück and Etoro

Gaming Products & Services Directory

The essential directory for the gaming industry