Number Crunching - 32Red, Betway and Bet365

Number Crunching - 32Red, Betway and Bet365

Wednesday, June 7, 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.

£175 million - The cost of Kindred Group Plc’s acquisition of 32Red Plc. Although the deal was announced on 23 February, the deal has now been completed. Kindred has acquired 97% of 32Red Plc’s shares which will now fully delist from the London AIM exchange market. Kindred governance has attributed acquisition related costs of £4.6 million, of which £600,000 has been accounted for within its Q1 2017 update.

3 years - The extension of Betway’s sponsorship of the Grade One Queen Mother Champion Chase. The champion two-mile chase takes place at the Cheltenham Festival each year and was Betway’s first major race sponsorship back in 2015. Special Tiara won the race this year, whilst Dodging Bullets took the crown in the company’s first year of sponsorship.

£108 million - The amount earned by the Shaked Family by selling shares in 888 Holdings. The Shaked Family are the largest shareholders in the company, but have sold 40 million shares at a value of £2.70 per share leaving the family with 37% equity in the company.

£7.7 million - The amount committed by bet365 to building a 33,500 square foot ‘leisure and training centre’ at Eturia Valley Business Park in Stoke-on-Trent, Staffordshire. The bookmaker has been granted planning permission by Stoke City Council and the anticipated opening date is April 2018. The premises will hold two five-a-side football pitches, a gym area, games section, changing rooms and training facilities.

$825 million - The value of the IGT Group Plc sale of its social games/gambling division Double Down Interactive to Korean games developer DoubleU Games Studio. The deal was first announced last April. IGT’s legacy firm acquired Double Down in 2012 for a sum of $500 million. The deal will see IGT now create a ‘multi-year strategic partnership’ with buyer DoubleU - which will seek to enhance ‘player experiences’ in both gambling and social gaming.


Paddy Power Betfair takes majority stake in Adjarabet


888 secures igaming licence in Portugal


Swedish regulator issues final warning to licensed operators


IG highlights client ‘quality’ as ESMA measures hit

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