![]() ![]() —Donald McGannon |
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6th April 2018 | SHARE THIS
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The Story | |||||
The profits of UK gambling operator Rank Group took a dive in the first quarter of 2018 as the bitter winter winds prevented punters from going to their casinos and bingo halls. |
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Rank's digital unit has saved the day. |
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The company reported that its like-for-like revenue dropped by 2% in the first three months of 2018. Two factors contributed to the Rank's revenue decline: “weaker than expected visits” due to the cold weather and their high-rollers getting lucky in their bets. The only good news is that Rank's UK digital unit posted a 17% growth in its revenue. The decrease in its casino and gaming revenue forced the group's board to lower its full-year operating profit from £84.5 million to between £76 million ($107 million) and £78 million for the year ending June 30. |
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Foxconn tapped to manufacture $1,000 blockchain phone |
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The manufacturer has partnered with Swiss startup Sirin Labs to launch a smartphone with a built-in cold storage cryptocurrency wallet and encrypted communications. |
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Macau tourist arrivals drop 5% over Easter break | |||||
This year's Easter weekend saw a decrease in tourists going to the former Portuguese enclave but it did not make a dent in the earnings of the casinos. |
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PAGCOR gives $200M Clark casino the green light | |||||
The state-run gambling corporation has approved the construction of the integrated resort which will be constructed at the Clark Special Economic Zone (CSEZ). |
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Lottoland sings swan song, but Aussie newsagents aren't buying it | |||||
The online gambling company dangled commissions and other benefits in an attempt to lure newsagents to partner with the company. |
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Spanish online gambling and betting market poised to hit $1.22B by 2023 | |||||
A consultancy firm declared that unlike other European markets, the Spanish gambling market is set to become a billion dollar industry in the next three to five years. |
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Former NFL player finally settles Atlantic City poker debt | |||||
Clinton Portis will make good on his promise to pay the debt with the Borgata casino in Atlantic City by paying monthly from now until 2021. |
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Stemming—in digital marketing, this refers to the extraction of root words by dropping plurals and gerunds for search engine optimization. Most search engines stem words by default. |
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Tech developments can put golf betting top of the leaderboard |
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Metric Gaming has revolutionized the way people bet on golf through Super Live which allows customers to bet on the performance of golfers in real time. |
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Congratulations to Vadim Soloveychik for becoming the chief marketing officer of Luckbox. Before joining the eSports betting start up, Soloveychik served as PokerStars marketing director. | |||||
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Want to be a guest contributor? Email [email protected] |
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