Diageo hit as sales slow down in Europe

first_img SHARES in drinks giant Diageo dropped yesterday after the company said that European sales were weakening and that it was pinning its growth hopes on middle class drinkers in emerging markets.The company said like-for-like sales in the six months to 31 December rose four per cent to £5.3bn.Operating profit increased two per cent to £1.7bn, but fell short of the five per cent forecast by analysts.Diageo, which has brands including Guinness and Johnnie Walker, said European sales had been dragged down by the economic crisis in Spain and Greece where consumers’ spending power has been hit. Net sales fell by 38 per cent in Greece, where excise tax rises also took their toll.However, the company said emerging markets were driving growth with beer in Africa and scotch in Asia proving popular – particularly with middle class customers. Despite shares dropping by around four per cent after the half yearly results, chief executive Paul Walsh said the company was performing well and was hiking the interim dividend. “Emerging market sales in scotch have been very strong. “Middle class customers in these are on the rise. Our super-premium ranges are very popular.“There have been problems in Europe and consumers have been hit in Spain, but particularly Greece.”But Russia and East Europe saw net sales up 20 per cent, driven by spirits.In the UK net sales grew by one per cent, with sales of wine like Blossom Hill up at the expense of beer. North American sales were solid, with Canada the star performer. Net sales rose seven per cent to £1.8bn across the region. Johnnie Walker contributed more than a third of all Diageo’s sales growth over the period.Total group marketing spending in the half increasing 12 per cent to £813m. Meanwhile Walsh said that Diageo would continue to be based in the UK for the time being as the coalition’s corporate and personal tax plans would not be detrimental to the business. “We do not feel compelled to be talking about leaving,” he said. whatsapp KCS-content Show Comments ▼ Tags: NULL Diageo hit as sales slow down in Europe whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Thursday 10 February 2011 8:33 pmlast_img read more

Libya’s Gaddafi vows to “triumph over the enemy”

first_img Libya’s Gaddafi vows to “triumph over the enemy” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Libyan leader Muammar Gaddafi has vowed defiantly to triumph over his enemies, urging his supporters in Tripoli’s Green Square to protect Libya and its petroleum interests.Addressing cheering supporters from the old city ramparts looking over Green Square, Gaddafi, wearing a winter jacket and a hunter’s cap that covered his ears, said:“Get ready to fight for Libya, get ready to fight for dignity, get ready to fight for petroleum.”The Libyan leader, who has lost swathes of his country to rebels, said: “Respond to them, put them to shame” and “we can triumph over the enemies.”Blowing kisses to his supporters and then shaking his fist in the air, Gaddafi said: “This nation, we are the nation of dignity and integrity, this nation has triumphed over (former colonial power) Italy.”Gaddafi shouted: “You must dance, sing, and prepare yourself … this spirit you have is stronger than any other attempt by the foreigners and the enemies to destroy us.”Becoming more and more animated, Gaddafi said: “Muammar Gaddafi is amongst you. I stand among the people and we will fight and we will kill them if they want.”“Look at the people’s force. This is the people’s force that cannot be defeated.”“Do as you please. You are free to dance, sing, and celebrate in all squares throughout the night. Muammar Gaddafi is one of you. Dance, sing, rejoice!” Friday 25 February 2011 2:43 pm whatsapp whatsapp Show Comments ▼center_img alison.lock More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Share Tags: NULLlast_img read more

BILL OF THE WEEK

first_imgSunday 13 March 2011 9:54 pm BILL OF THE WEEK whatsapp KCS-content Share Show Comments ▼ FIFTEEN members of a certain high-flying company are regulars at Mayfair haunt Mahiki – although their most recent celebration was large even by their standards, racking up more than £50,000 in tequila, cocktails and champagne. Shots of Patron tequila and top-end versions of the club’s famous Treasure Chest cocktail did the rounds, although the centrepieces of the revelry were magnums and jeroboams of champagne – 13, to be precise, although The Capitalist hears the party gave some to other tables. Throw in a Rehoboam of Grey Goose, containing 4.5 litres of French-distilled vodka, and you have the makings of a record-breaking night. center_img whatsapp Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia last_img read more

Flight insurance on the rise

first_img Share Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe whatsapp Flight insurance on the rise Airline industry predictions of a passenger increase in 2011 combined with fleet investment has led to a four per cent jump in insurance premiums, says Aon Risk Solutions. Passenger forecasts for 2010-11 have picked up in every region of the world including a likely 12 per cent improvement in the Asia Pacific region. center_img Show Comments ▼ whatsapp Monday 4 April 2011 7:12 pm More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com KCS-content last_img read more

Rexam to build new plant as Brazil sales rise

first_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Share whatsapp whatsapp PACKAGING company Rexam is to build a new beverage can plant in northern Brazil.The new plant, which will be located close to the city of Belém, will have a capacity of 1.2bn cans and is expected to be operational by mid-2012. Rexam’s total can capacity in Brazil will increase from around 11bn at the beginning of 2011 to 14bn by the end of 2012.The new plant is to meet demand in fast growing markets in the country, mainly in the north. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgcenter_img KCS-content Rexam to build new plant as Brazil sales rise Monday 11 April 2011 7:26 pm Show Comments ▼ last_img read more

Barclays warns that inflation could soar past five per cent

first_img whatsapp Show Comments ▼ Barclays warns that inflation could soar past five per cent whatsapp Tags: NULL KCS-content center_img Wednesday 13 April 2011 7:59 pm INFLATION could still rise above five per cent this year, economists at Barclays claimed yesterday. The announcement surprised analysts after consumer price inflation sank to four per cent in March, from 4.4 per cent the previous month.However, strong upwards pressures in food and energy costs will drive inflation to a peak of 5.1 per cent in the consumer price index, Barclays forecast.Hikes in duties on alcohol and tobacco from last month’s Budget will also push prices further upwards, Barclays said.“The higher inflation profile we now expect during the remainder of this year will make it hard for the Bank of England to resist pressure to raise rates indefinitely,” it added.Bank governor Mervyn King (pictured) previously warned that inflation could reach the five per cent mark in 2011, yet many analysts now expect price pressures to linger closer to four per cent. “The dreaded five per cent rate that we had once feared now looks unlikely to be realised,”Andrew Goodwin of the Ernst & Young Item Club said. Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

BHA talks up racing’s future amid FOBT changes

first_img Email Address Topics: Legal & compliance Sports betting Tech & innovation BHA talks up racing’s future amid FOBT changes 18th May 2018 | By contenteditor Legal & compliance The British Horseracing Association (BHA) has said the sport looks set to play a more vital role for gambling operators after the government cut the maximum stake on fixed-odd betting terminals (FOBTs) AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Tags: OTB and Betting Shops The British Horseracing Association (BHA) has said the sport looks set to play a more vital role for gambling operators after the government cut the maximum stake on fixed-odd betting terminals (FOBTs).Yesterday (Thursday), the government confirmed that the top stake on FOBTs will be lowered to £2 (€2.29/$2.70), with Remote Gaming Duty raised to fill the resulting hole in the pubic finances. Campaign groups have long been pushing for changes in regulation for FOBTs, which currently allow punters to bet up to £100 per spin, and the government had been expected to take major action. Operators had warned of the impact that the move could have on the gambling industry in the UK, claiming that a cut in the top stake could lead to widespread joblosses and a decline in tax income for the government. However, the BHA has backed the move, saying the changes in FOBT regulations could lead to a brighter future for racing, talking up the sport’s future role in the gambling market. BHA chief executive Nick Rust said: “British racing has a strong social conscience and we support measures announced by the government today to reduce the harm caused by problem gambling. “We are also an industry that generates significant employment, provides education and training and funds charitable work, particularly in rural areas. “Throughout this consultation process, we have aimed to protect these valuable social contributions from any potential adverse impacts from wider policy changes. “We are pleased that government has acknowledged the reasonable arguments we have made in the consultation process that jobs and revenues in the racing industry should not be adversely affected by changes to wider gambling policy.” Rust added: “British racing shares a unique interdependency with the betting industry and we recognise that this decision will affect jobs in the betting industry, with which we work closely in partnership. “We want betting on horseracing – on the High Street, at racecourses and online – to continue to be accepted as legitimate and socially responsible. “Recreational betting has been a part of racing for centuries and is an accepted entertainment pursuit during a day at the races or on the High Street.” “Our industry’s leaders – who have worked together throughout this consultation – will now work with the betting industry and government as to how we can grow such legitimate, socially responsible betting activity on racing and take measures to address problem gambling wherever we can.”Related articles: UK to cut FOBT stake to £2 and raise remote tax BHA aims to maximise revenues with new strategy Regions: UK & Irelandlast_img read more

SG claims industry first with syndicated jackpots

first_img Topics: Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Scientific Games has claimed an industry first by launching its new online casino syndicated jackpots product with Betsson, while the gaming tech giant has also agreed a deal to launch a range of content with 888 in Spain.The Mega Drop Quest syndicated jackpot product will be offered under Scientific Games’ OpenGaming brand, allowing groups of people to band together to win prizes, splitting larger jackpots between groups.Betsson will be the first operator to go live with the new product, running the game on an exclusive basis for a limited period. Mega Drop Quest will launch on the Open Gaming System network in Europe, with a wider global roll-out to follow.“It is important that we as suppliers embrace syndicates and help build solutions that simplify community games to make them accessible and enjoyable for all players,” SG Digital’s senior vice president casino, Dylan Slaney, said.“This has been one of the greatest challenges our team has undertaken, and we feel that we have risen to the occasion, creating a value proposition that goes well beyond a ‘big win’.”Betsson’s head of gaming Phil Lam added: “Social gaming is set to become an important aspect of online casinos in the coming year. We’ve been very impressed with Scientific Games’ new Mega Drop Quest syndicated jackpot, which is sure to create a fun and engaging experience for groups of players, as they look to win big prizes together.”Meanwhile, Scientific Game has agreed a new deal to provide more than 120 of its online games to the 888 Casino brand in Spain. Content will be provided to the operator via the Open Gaming System.888’s Spanish-facing games portfolio now features titles from Scientific Games’ in-house studios and third-party partners, including content such as Merlin’s Millions, Superbet, Gorilla Go Wilder and Zeus 2.“888 is a huge player in the Spanish igaming market, and we’re thrilled to offer our content to their player,” Slaney said. “It will increase our presence in the market and give players a top-notch iGaming experience backed by the reliability and scalability of our OpenGaming platform.”888’s senior vice president of B2C at 888, Guy Cohen, added: “At 888, we are focused on providing our customers the most enjoyable gaming experience. Through our partnership with Scientific Games we can now offer our Spanish customers an additional 120 games to our platform with more games to come.” SG claims industry first with syndicated jackpots Email Address Tags: Online Gamblingcenter_img Tech & innovation 9th January 2020 | By contenteditor Subscribe to the iGaming newsletter Scientific Games has claimed an industry first by launching its new online casino syndicated jackpots product with Betsson, while the gaming tech giant has also agreed a deal to launch a range of content with 888 in Spain.last_img read more

Best bookmaker for boxing

first_img Regions: UK & Ireland Sports betting Leading tipster site Betting Expert compared bookmakers’ offerings for the recent Wilder vs. Fury fight, exploring their markets and odds to determine the best in the UK Topics: Sports betting Email Address Best bookmaker for boxingcenter_img 4th March 2020 | By Joanne Christie Leading tipster site Betting Expert compared bookmakers’ offerings for the recent Deontay Wilder vs. Tyson Fury fight, exploring their markets and odds to determine the best in the UK.Boxing is one of the biggest sports worldwide, and betting on boxing has increased dramatically in recent years. That’s particularly true of the biggest and most highly anticipated fights, where operators tend to offer a bigger range of markets and promotions.To determine the best bookmaker for boxing, we studied what was available for the rematch between Deontay Wilder and Tyson Fury, two of the biggest names in boxing. We looked at what was available at the UK’s top bookmakers. The operators we tested were:We analysed the odds available for fight winner, fight result and round betting, along with the number of individual markets available.Our research was carried out on 17-18 February, 2020.Overall best bookmaker for Wilder vs. Fury betting One of the biggest fights of the year, the Deontay Wilder vs. Tyson Fury bout captured the imagination of viewers and bettors alike. Bookmakers typically offer a much bigger range of odds and markets on the biggest fights, along with a variety of promotions and bonus opportunities.According to the research we conducted, the overall top three bookmakers for Wilder vs. Fury were as follows.#1 – 888sport #2 – William Hill #3 – Mr GreenAs the above shows, 888sport offered the best all-round betting experience for Wilder vs. Fury.888sport performed well in all categories considered. In particular, it offered more betting markets on this particular fight than most of its competitors.888sport also shared the number one spot for best fight result odds. For this category, we analysed and compared the odds for both boxers to win by knockout, technical knockout and disqualification, along with the odds for decision, technical decision and the draw.This operator, along with Mr Green, Unibet and LeoVegas, also occupied the number one spot in terms of offering the lowest commission on this market.In second place overall was William Hill. William Hill scored well in two categories in particular. The first was its round betting odds. It offered the lowest commission on this market by some distance.It also offered low commission in the fight winner category. Betfair came out on top here, with William Hill sharing second place alongside Paddy Power, Coral and Ladbrokes.In third place overall was Mr Green. This might come as a surprise to some, but in our bookmaker comparisons, we’ve found that Mr Green generally performs well against its more established competitors in a number of categories.It may be better known for its online casino, but we have been impressed by its sportsbook in general and its offerings on this fight in particular. It was one of four operators to offer the lowest commission in the fight result market and was just behind those operators listed above in the best fight winner odds category.Best fight winner odds Let’s discuss the fight winner odds category in more detail. Arguably the most popular market when betting on boxing, finding the most competitive fight winner odds is important to punters.From our research, we found that the following bookmakers offered the best odds and lowest commission in the fight winner market.#1 – Betfair #2 – Paddy Power #2 – Coral #2 – William Hill #2 – LadbrokesAs you can see from the list above, Betfair offered the best odds, taking zero commission on the Wilder vs. Fury bout. Betfair is famous for both its standard sportsbook and its betting exchange, and the results for this category show why it’s so well regarded.This list is interesting, as it contains some of the most popular and famous bookmakers in the UK. For other bookmaker comparisons we’ve conducted, we’ve often found that some of the smaller bookmakers performed better than their more established competitors.However, in this comparison of one of the biggest sporting events of the year, the more experienced bookies, in general, performed much better.Best fight results odds As we touched upon earlier, for this category we considered the odds on both fighters to win by KO, TKO and disqualification, both fighters to win by decision or technical decision, and the draw or technical draw.Four operators shared the top spot in this category:#1 – Mr Green #1 – Unibet #1 – 888sport #1 – LeoVegasWhile the fight winner market is the most popular, the fight results market can offer a great deal more value to bettors. As the list above shows, the top spot is shared by two of our overall top three, 888sport and Mr Green, along with Unibet and LeoVegas.Best round betting odds Let’s now look at which operators offered the best odds in the round betting market.The best odds were found at the following bookmakers:#1 – William Hill #2 – Marathonbet #3 – BetVictorWhen analysing this market, we found the greatest difference in odds between bookmakers than on any other market.Conclusion While 888sport, William Hill and Mr Green were the top three overall, we’d like to point out that Unibet and LeoVegas came very close to breaking into our top three for boxing results. Both operators performed well in many categories, particularly fight result odds.In addition, some bookmakers offered more markets than others, which could be a deciding factor for some punters. We found Paddy Power offered the highest number of different markets, followed by 888sport and Sky Bet.Offering a good range of markets is important. Other operators would have performed much better overall in our comparison if more exotic markets were available.About bettingexpert.com Providing expert tips and in depth betting theory, bettingexpert.com is the world’s biggest social network of sports betting tipsters. Its global community of experts compete for prizes by sharing their strongest tips on upcoming matches across 25 different sports to help millions of sports bettors place knowledge-supported bets, with the best odds available from a variety of bookmakers. Betting Expert is owned by Better Collective, the leading developer of educational platforms within the igaming industry. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

FDJ hails post-lockdown recovery despite H1 revenue decline

first_img Subscribe to the iGaming newsletter La Française des Jeux (FDJ) said a strong performance after France emerged from its novel coronavirus (Covid-19) lockdown has reduced a decline in revenue for the first half of the operator’s financial year.The operator saw amounts wagered over the six months to 30 June fall 18.4% year-on-year to €6.90bn (£6.25bn/$8.11bn). Revenue for the period was down 10.1% at €849m.It noted that until France went into lockdown on 16 March, stakes had been up 5% year-on-year, before dropping 60% over next two months.However, since the French government began lifting the lockdown from 11 May, FDJ said it began to see a gradual recovery. This was then accelerated with the resumption of sporting competitions and the resumption of its Amigo lottery game on 8 June.As such, the H1 stakes decline was significantly reduced, and stakes returned to 2019 levels by mid-June.Lottery games still accounted for the majority of stakes despite its contribution falling 12.6% to €5.78bn, of which €3.56bn came from instant win games (down 11.3%). Draw-based games, meanwhile, saw stakes fall 14.6% to €2.22bn. If Amigo’s contribution was removed from stakes, draw-based sales would have only declined 1.7%.For sports betting – for which figures were adjusted to reflect the contribution from Sporting Group, acquired in June 2019 – stakes were down 38.8% at €1.11bn, in a period where the sporting calendar was almost wiped out by Covid-19. France’s 2019-20 football season was also ended prematurely in April, with no league action to take place until September.This served to drag down online’s contribution to stakes, which fell 15.8% to €1.39bn, though FDJ noted that online lottery stakes enjoyed strong momentum in the half-year period, rising around 50% to €500m. This was dwarfed by retail stakes, however, which contributed €6.27bn, down 20.8% year-on-year.Across all verticals and channels, players won €4.65bn, down 19.3% and equating to a payout ratio of 67.3%. After winnings, FDJ’s gross gaming revenue for the six month period was down 15.4% at €2.25bn.This broke down to GGR of €1.95bn from lottery, down 13.2%, and €298m from sports betting, down 26.1%. B2B sports betting solutions brought in a further €6m.After duties and fees of €1.43bn, net revenue for H1 fell 14.7% to €829m. This was increased by €20m, thanks to its payments and entertainment businesses, for total half-year revenue of €849m, down 10.1%.While earnings declined sharply, FDJ noted that a cost-saving plan, to ultimately reduce outgoings by €80m in 2020, helping to keep the operator earning before interest, depreciation and tax margin about 20%, at 20.5%. EBITDA for the period declined 16.4% to €174m.The cost reduction plan helped reduce operating expenses by 12.% to €725m, with the biggest decline seen in cost of sales, which fell 17.6% to €482m. Marketing and communication expenses amounted to €147m, while general and administrative expenses came in at €87m.After costs, operating profit was down 8.9% to €124m. FDJ also incurred €30.3m in non-recurring expenses, reducing the operating profit to €94m, down 27.2%. After financial expenses of €5.2m, pre-tax profit was down 36.5% at €89m, with net profit for H1 down 47.7% at €50m after income tax of €39m.“The group’s strong mobilisation from the onset of the health crisis and a swiftly implemented cost-cutting plan have limited the impact on the first-half results,” FDJ chief executive Stéphane Pallez said.“From mid-June, we have been recording stakes at a level comparable with that of 2019,” she said. “Our strategic orientations and the strength of the FDJ model have been confirmed, and we continue to invest to support the development of all our activities.” Email Address La Française des Jeux (FDJ) said a strong performance after France emerged from its novel coronavirus (Covid-19) lockdown has reduced a decline in revenue for the first half of the operator’s financial year. 30th July 2020 | By contenteditor FDJ hails post-lockdown recovery despite H1 revenue decline AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling OTB and Betting Shops Topics: Finance Lottery Sports betting Regions: Europe Western Europe France Financelast_img read more