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Uk Land based casino's quiet
The UK publicly listed gambling group Rank plc reported a quiet 15 weeks leading up to December 12 2008, and blamed a 7 percent decline in sales on public smoking bans and new gambling laws in Britain.
Sales at the Mecca bingo halls subsidiary dropped after admissions fell by 11 percent. Bingo revenues were roughly comparable to the same period last year, with a 5 percent increase in spend per head offsetting the fall in admissions. The Spanish bingo clubs continued to experience a difficult trading environment, with a 9 percent year-on-year decline in local currency. The company reported that overall Spanish admissions were down by 3 percent and spend per head declined by 6 percent.
Grosvenor casinos subsidiary saw like-for-like revenue growth of 4 percent, with spend per head up 16 percent while admissions were down 12 percent.
The online betting division, Blue Square, increased revenue by 1 percent, with income from the online bingo offering offsetting a decline in revenue from sports betting.
“Trading for the current financial year remains in line with market expectations,” the board said. "While the outlook for the UK economy in 2009 is uncertain, Rank has taken a number of key actions to strengthen the Group's position and the board is confident in the Group's longer-term strategy."
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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