888 sees profit growth but suffers decline in poker, bingo

Despite reporting record earnings in 2018, 888 Holdings saw double digit declines in its poker and bingo businesses. According to figures released on Tuesday, the UK gambling operator’s poker revenue tumbled 37% to $49m, bingo was down 17.5% to $32.4m and the Dragonfish B2B bingo division fell 8% to $50.6m. These numbers did not dampen… Continue reading 888 sees profit growth but suffers decline in poker, bingo

Bwin’s sponsorship days in German football are numbered

The German government is flexing its regulatory muscle too hard these days after it warned the German Football Association (DFB) that one of its sponsors has been offering illegal gambling products. In a letter addressed to the DFB, the Ministry of Interior said that GVC Holdings’ Bwin offers “online casino and slot games” and that… Continue reading Bwin’s sponsorship days in German football are numbered

CEO and chair sell bulk of GVC stakes, trigger price drop

Despite delivering a fairly impressive financial report card for 2018, GVC shares was down nearly 14% to 588.5p last week on the London Stock Exchange. down nearly 14% to 588.5p. The sell-off happened following news that GVC CEO Kenneth Alexander and Chairman Lee Feldman had divested themselves of nearly 3m GVC shares. Despite selling majority… Continue reading CEO and chair sell bulk of GVC stakes, trigger price drop