Sportech profits down after SGR acquisition
- Mar 24, 2011
Sportech’s annual pre-tax profit has suffered a 20% downturn due to its lengthy nine-month acquisition of US pari-mutuel and tote business Scientific Games Racing last year.
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Bwin publishes final pre-merger results
- Mar 23, 2011
Bwin has published its last set of annual results before its impending merger with PartyGaming, ending its stint as a single entity with record levels of sports betting turnover.
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Unibet further delays French re-entry
- Mar 23, 2011
Unibet chief Henrik Tjarnstrom has blasted the French government’s decision not to reform egaming tax rates this year, and confirmed this has further delayed its re-entry to the market.
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LCG looks to raise £8m to secure future
- Mar 22, 2011
The London Capital Group is looking to raise £8m through the issue of new shares in order to ensure it continues trading at current levels without disruption.
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Greece drops egaming black period
- Mar 21, 2011
The Greek government has dropped the proposed black period from the draft egaming bill it presented to its parliament last week, which would have required applicant operators to cease activity in the market until approved.
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Greece opts for gross profits tax
- Mar 11, 2011
The Greek government has voted for a 30% gross profits tax (GPT) on online gaming, eGaming Review understands, rejecting the 6% turnover tax proposed in its initial draft bill.
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Feds lobbied for single-sport betting
- Mar 9, 2011
The late Shaughnessy Cohen lobbied with help from Herb Gray to overturn a provision based on 611-year-old English common law that forbade gambling with dice.
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Betfair joins UK offshore exodus
- Mar 8, 2011
Betfair has become the latest operator to move offshore to escape the UK’s 15% gross profits tax and will save close to £20m a year.
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Record net gaming wins for 32Red
- Mar 8, 2011
32Red doubled its profits before tax and posted record net gaming wins last year, the Gibraltar-licensed company revealed in its results for the year ended 31 December 2010.
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Paddy Power COO pledges European growth
- Mar 7, 2011
Paddy Power’s increased online focus and investment has paid off after the Irish operator announced record annual results this morning.
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The Spanish Gambling Bill – EU Submission Propose License Restrictions
- Mar 4, 2011
We can now reveal, in conjunction with the leading Spanish law firm ECIJA, that a draft EU Submission concerning the future of the online Spanish Gaming.
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Paddy Power reviews LCG agreement
- Mar 1, 2011
Paddy Power has informed the London Capital Group that it is reviewing its white-label spread betting agreement with the AIM-listed company.
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