Grosvenor Casinos Invests in Brighton Project Despite Offline Revenue Slump

Grosvenor Casinos may have seen a drop in offline revenue recently but that isn’t slowing down its expansion efforts.

Following a new deal with Coventry’s Ricoh Arena, the UK gaming operator has announced a new casino development.

Set to enhance the current Grosvenor Casino Brighton complex, the project will transform the city’s former Art Deco cinema.

Multiple Ways to Have Fun Inside Pier Nine

News of the plans was made public on August 27 and early estimates put the renovation costs at £5.2 million. For that price, Pier Nine, as the venue will be known, will feature a range … Read more

The value of online gaming will improve by 11.5 percent over the next five years according to a new report by Grand View Research Inc.

Disseminating its results on August 27, the research company believes online betting revenue will top $102.9 billion/£830 million by 2025.

Explaining its conclusion, Grand View Research pointed to the popularity of social gaming as well as key opportunities opening up in new markets as drivers of growth.

UK Holds Key Role in Online Gaming Industry

The UK was highlighted as a source of continued growth. Noting the role of the UK Gambling Commission (UKGC), the … Read more

Rank Group, the parent company of Grosvenor Casinos and Mecca Bingo, has said digital innovations and cost-cutting have helped revive its flagging finances.

Publishing its preliminary results for the 12 months to June 30, 2019, Rank showed a 22 percent slump in operating profit.

Fuelling the drop from £50.1 million to £39 million over the last year was decreased footfall and a decline in high roller spending.

Offline Revenue Falls

As outlined in the August 22 report, revenue on a like-for-like basis across its network of live venues was down two percent. However, despite offline earnings taking a dive, the … Read more

Grosvenor Casinos Makes Move to Keep Goliath Inside Ricoh Arena

Grosvenor Casinos will continue its relationship with Coventry’s Ricoh Arena meaning its successful Goliath should remain in place for the next decade.

Announced on August 21, the new deal will extend Grosvenor’s lease for another ten years. In renewing the partnership, Ricoh Arena expects the relationship to be mutually beneficial for all parties.

Everyone Wins with Ricoh Arena Deal

Since striking up a partnership in 2009, Grosvenor Casino and the entertainment complex have hosted thousands of customers. Indeed, thanks to investments totalling £1.6 million, the casino now attracts 250,000 visitors every year.

For the owners of Ricoh Arena, the Wasps … Read more

VideoSlots Makes UK Online Gaming Safer with Mandatory Loss Limits

UK online gaming site VideoSlots has introduced a mandatory loss limit feature in a bid to become one of the country’s most socially responsible operators.

Announced last week, the move will force UK players to specify the amount they can afford to gamble each month. Additionally, VideoSlots will ask players to prove their occupation.

Only once the initial checks are complete and a loss limit has been set will they be able to bet for real money.

Flexible Settings – Mandatory Compliance

Naturally, as people’s circumstances change, so too may the amount they’re able to wager each month. To cover … Read more

Fixed odds betting terminals (FOBTs) and tighter regulations aren’t hampering growth at GVC Holdings according to the operator’s latest financial filing.

Summarising its H1 results and looking forward to the end of 2019, GVC’s CEO Kenneth Alexander way buoyant on August 15.

Describing the company’s online operating model as “highly effective,” Alexander is confident full-year profits will exceed previous expectations.

Online Gaming at GVC Holdings Exceeds Expectations

According to the interim report, proforma net gaming revenue (NGR) is five percent ahead of projections at £1.8 billion. Contributing to that improved full-year projection is a 17 percent surge in online gaming … Read more

ComeOn Looking to Improve UK Online Gaming with AI-Powered Innovation

Artificial intelligence (AI) looks set to make UK online gaming safer thanks to a new innovation from ComeOn.

The online casino operator recently revealed that it’s working with Neccton to develop a new responsible gambling tool. As per the August 13 press release, the AI software is a player tracking and personalised feedback tool.

Using Big Data to Solve Big Problems

In working with big data specialist Neccton, ComeOn’s developers are aiming to gain better insights into customers.

By combining resources and implementing the latest artificial intelligence technology, the operator believes it can detect problem gambling before it becomes an … Read more

1XBet has dragged three English Premier League clubs into the mire following allegations of promoting underage gambling and pornography.

An investigation by the Sunday Times has forced the Russian gaming operator to shutter its UK betting site. However, the exposé has also called into question the actions of Liverpool FC, Chelsea FC and Tottenham Hotspur.

Multiple Infractions Lead to Multiple Investigations

Although it doesn’t suggest the football clubs have engaged in any illegal activities, the report does accuse them of “whitewashing” 1XBet’s questionable reputation.

At the heart of the controversy are allegations of improper conduct. As per the August 11 … Read more

Flutter Entertainment, the new trading name of Paddy Power Betfair, has seen revenue increase but profits take a knock in the first half of 2019.

Publishing its H1 results on August 7, Flutter Entertainment showed that revenue was up 18 percent year-on-year. However, despite income increasing from £867 million to £1.02 billion, underlying profit before tax was down 24 percent.

According to the interim report, the “strong” revenue increase was due to organic growth and acquisitions.

Flutter Entertainment Confident Despite Challenges

Alongside its takeover of Adjarabet, Paddy Power Betfair has been increasing its presence in the US this year.

However, … Read more

Wayne Rooney’s move to Derby County has angered retired MP Richard Caborn after it was revealed his shirt number will promote 32Red.

Speaking to The Daily Telegraph, Caborn said the decision to give Rooney the number 32 shirt was “crass.”

The Labour politician had been instrumental in putting together the 2005 Gambling Act but feels the industry has taken some wrong turns in recent years.

Industry Support Hit Out at 32Red Stunt

During his tenure Minister of Sport, Caborn was in favour of reforming the gambling. Seeing it as an opportunity to generate much-needed investment, he lent his support to … Read more