Number Crunching - Cheltenham, Esports and Equity

Number Crunching - Cheltenham, Esports and Equity

Thursday, March 16, 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.

25/1 - The odds on Labaik as he stormed home in the Supreme Novices Hurdle to put the bookies on the front foot on a good first day of Cheltenham. The £10 million battering of last year may seem a distant memory for most now, although with Altior winning at 1/4 and Un Temps Pour Tout well backed at 9/1 it wasn’t plain sailing for the bookmakers. Reports suggest that punters were narrowly behind the bookmakers overall after the first day of action.

€11.5 million - The total consideration for the acquisition of by Oslo-listed Gaming Innovation Group. The portal has a reported nearly €3 million yearly revenue run rate as one of Europe’s largest online casino review portals.

$100 million - The total amount raised by DraftKings in venture financing, led by Los Angeles based VC fund Eldridge Industries. This brings the total amount raised by DraftKings to approximately $700 million in nine rounds of funding.

4.1% - The percentage of Playtech Plc sold by company founder Teddy Sagi at 872.5p per share. The shares were sold through his investment vehicle Brickington Trading Limited to London based Hedge Fund Boussard & Gavaudan.

1,000 - Jim Mullen, Ladbrokes Coral CEO’s damning prediction on shop closures should the government enforce stringent limits on fixed-odds-betting-terminals. Campaigners and a number of politicians want the maximum stake reduced from £100 to £2 but Mullen believes it will cripple London’s betting shops. He added that he believes 4,300 people would lose their jobs and the government would lose £230 million in tax revenue by 2020.

$3.5 billion - The amount that esports and streamed games content could be worth in 2021, according to Juniper Research. It’s a notable increase on the current analysis which places its value at $1.8 billion in 2017.


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