|
25th Oct 2007
Boylesports reports record results
Ireland's largest independent bookmaker Boylesports announced a
record 25 per cent rise in turnover, to €629.3 million, for the
year ending June 2007. Operating profit for the betting firm
rose to €15.6 million in the period, a gain of nearly €12
million.
French government orders release of Unibet boss
The French government has ordered the case against Petter
Nylander, CEO of gaming firm Unibet, to be dropped amid a
backlash of criticism from the European Commission. A
spokesperson from the budget ministry in Paris stated that it
was not a matter between the state and Unibet, and said that the
Française des Jeux and PMU would be told to drop their
complaint.
Smith steps down as BACTA's chief executive
Keith Smith has decided to step down from his role as chief
executive of BACTA after three years in the position. He will be
succeeded by Leslie MacLeod-Miller, who is currently employed as
the trade association's general counsel. The full article
appears in this week's
Coinslot, available today (Thursday).
Purnell calls for UK tourism review
Culture Secretary James Purnell has ordered a review into the UK
tourist industry and the way it promotes the country. Purnell
said it would give the industry an opportunity to focus on the
priorities for British tourism and act as a catalyst for other
agencies.
Church leaders forgive Sony
The Dean of Manchester Cathedral, Rogers Govender, has forgiven
'violent' video game maker Sony for using images of the
cathedral in its Resistance: Fall of Man shoot 'em up without
permission. He said that important lessons had been learnt,
adding that it was important the game industry respected the
dignity of its subject.
Swedish monopoly announces 1.4bn profit
Sweden's Svenska Spel made a third quarter profit of nearly 1.4
billion Kronor, a rise of 92 million Kronor against the same
period last year. The state-owned gaming monopoly said that
overall profits for the first three quarters were up 19 per cent
on 2006, to over 4 billion Kronor.
Paddy Power leaves IBA
Paddy Power has left the Irish Bookmakers Association (IBA) over
'irreconcilable differences' according to the organisation.
Sharon Byrne, Chair of the IBA, said differences on key
objectives contained in the IBA's budget submission – including
funding of the horse racing industry, repatriation and measures
needed to bolster the future of smaller bookmakers – had caused
the split.
Aristocrat warns of stalled full-year profits
Aristocrat Leisure said profits would stall for a second year,
citing the strong Australian dollar and difficult trading in
Japan and North America. The Sydney-based slot machine maker
said net income would be around Aus$240 million in the 12 months
ending Dec. 31, nearly 20 per cent below analysts estimates.
Ladbrokes facing ASA investigation
Ladbrokes first advertising campaign is to be investigated by
the Advertising Standards Authority (ASA) after the agency
received four complaints. People are arguing that the use of
celebrities in the M&C Saatchi created ad encourages bravado and
could influence young people to gamble.
Probability reports strong gains
Probability reported a maiden second quarter net gaming revenue
of £675,413, compared with £503,607 in the first quarter. The
AIM-listed mobile phone gambling specialist added that it would
not revise its medium-term earnings forecasts at present.
Richelieu Finance adds to Partouche stake
Paris-based Richelieu Finance has increased its stake in casino
operator Groupe Partouche from nearly four per cent to 7.1 per
cent of the capital and voting rights. Last week, after the
French interior minister said she wanted French casino operators
to be allowed to launch internet betting services, Partouche's
share price jumped over five per cent.
Genting founder dies
Lim Goh Tong, founder of Genting – Asia's biggest publicly
traded gaming company – has died aged 90. A spokesperson for the
Associated Chinese Chambers of Commerce and Industry of Malaysia
called Lim a legend, saying that he was an impressive
entrepreneur who had overcome many challenges in building his
business.
Dubai World calls MGM shares 'overpriced'
Dubai World's chairman Sultan Ahmed bin Sulayem said that the
state-owned investment group had stopped buying shares in MGM
Mirage because they were overpriced. He told reporters that
stock in the US-based gaming company was overvalued 'based on
today's price'.
Disney to phase out fatty foods
Walt Disney said that it would phase out trans fats from food
served at its theme parks in Paris, Hong Kong and Tokyo over the
next two years. The world's largest theme-park operator said
that it was expanding its plan for healthier food overseas to
attract consumers concerned about their children's diets.
Rank shares rise amid tie-up talks
Shares in gaming group Rank rose by over four per cent amid
rumours of a tie-up with bookmaker Ladbrokes, whose shares rose
by nearly two per cent. Both companies declined comment
Gaming Industry News
Gaming Industry News goes directly to the inboxes of over 31,000
authenticated recipients, in over 100 countries twice a week. If
you have any news or information for consideration, please send
to
st@sjc.co.uk. To advertise contact
egreen@ateonline.co.uk.
|
Mansion
Sports Betting Exchange.
