Monthly Archives: March 2018

‘Estonian Jesus’ and Espen Uhlen Jorstad Launch Poker-Crypto Vlog Series ‘1 Year 1 Million’ (Video)

The poker world has been obsessed with crypto currency, and those two worlds are colliding in the game’s latest vlog series, “1 Year 1 Million,” featuring Unibet Ambassadors Espen Uhlen […]

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Sheldon Adelson Sells Sands Bethlehem for $1.3B, Before Legal Online Poker Arrives in Pennsylvania

Las Vegas Sands Corp., the company owned and operated by anti-online poker billionaire Sheldon Adelson, is getting out of the casino business in Pennsylvania, unloading the successful Sands Bethlehem resort […]

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GVC Holdings’ future so bright, it’s gotta wear shades

UK-listed online gambling operator GVC Holdings went from strength to strength in 2017, and 2018 promises to accelerate that momentum.

In its final 2017 report released Friday, GVC’s full-year net gaming revenue jumped 13% to €1.008b, while the gains were up 17% to €925.6m if you factor out the recently jettisoned Turkish-facing operations. Clean earnings were up 40% to €239.5m while adjusted pre-tax profits totaled €178.7m.

GVC assumed control of the Bwin.party digital entertainment brands in February 2016, making direct year-on-year comparisons tricky, but pro-forma sports betting handle improved 2% to €3.85b despite 2016 featuring the UEFA European Championship tourney. Even better, sports margins rose 1.4 points to a healthy 10.8%, which pushed sports revenue up nearly one-fifth to €331.2m.

Gaming/other revenue at GVC’s ‘sports brands’ (Bwin, Sportingbet, Betboo, Gamebookers) enjoyed 21% growth last year, pushing its 2017 total just ahead of sports at €332.6m.