Number Crunching - Joey Barton, Graham Sharpe and financial updates

Number Crunching - Joey Barton, Graham Sharpe and financial updates

Wednesday, April 26, 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.

45 years - The duration of Graham Sharpe’s service to bookmaker William Hill. He most recently held the post of Media Relations Director, but has this week confirmed to the Racing Post that he will be leaving the bookmaker. He joined the ranks at William Hill back in 1972, and has previously served as the political betting lead before co-founding the prestigious “William Hill Sportsbook of the Year” prize. Having agreed redundancy terms, Sharpe revealed he would leave the company at the end of April but would remain as an advisor on its Sportsbook of the Year prize.

£153 million - The all time high in-group revenues of Kindred Group Plc. The group has published its unaudited Q1 2017 interim results which suggests the revenues would be up 25% on 2015’s £122 million. Kindred governance detailed that the boost in revenue performance had been driven by a significant boost in sports betting wagering, which hit a staggering £1.1 billion. Forecasts look good as well as the group welcomes UK operator 32Red from the second quarter of 2017.

18 months - The lengthy ban from footballing activities dished out to notorious Premier League footballer Joey Barton. The ban comes as a result of Barton repeatedly breaching FA gambling rules and regulation. He breached FA Rule E8 after placing 1260 bets on a number of football matches and competitions over a ten year period. He took to his personal website to release a statement including screenshots of bets in matches that he was involved in. It even included an ambitious £3 on himself to score first.

€1.4 million - The operating profit posted by Kambi Group Plc in what has been described as a difficult start to 2017. The company’s operating margins and profits were hit by player friendly football results recorded during the final weeks of Q1 2017. The operating margin declined to 10% from Q1 2017’s 15%.

AUS $7.3 billion - The all-cash offer for Tatts Group from Pacific Consortium. It’s a bid to try and  better Tabcorp Holdings’ planned AUS $11 billion merger with Tatts. Pacific Consortium. the joint-venture investment consortium will allow for Tatts governance to continue to pay-out dividends to corporate shareholders, should a takeover extend beyond the 2017 period. This is considered to be a deal sweetener for existing Tatts investors. Australian news sources report that Tabcorp governance will attempt to fully halt the rival bid by influencing shareholders to vote down against Pacific’s approach.

€20 million - The amount of money that Finnish state-owned gambling operator Paf has announced it will donate to national charities and social initiatives. It comes after the release of their full-year 2016 financial update which revealed that operating profits would decrease to €15.2 million, down 22% on 2015’s €22.7 million.


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