Following the news that William Hill is considering a takeover bid for online operator Sportingbet, analysts at Numis Securities have written of their belief that potential Australian synergies make Sportingbet a more valuable proposition to Paddy Power and Betfair than to its current suitor.
Following on from the firm’s publication of “disappointing” half-year results late last month, analysts at Macquarie have cited Bwin.Party’s “weak” current trading trends as evidence that market share losses in regulating markets are beginning to weigh on the group’s performance.
GamblingData projects that the UK online gaming market was worth as much as £1bn in net gaming revenue terms in the first half of 2012, with significant market share gains made by William Hill in sports betting and by 888 in poker.
Analysts on Tuesday reacted to the publication of “strong” fiscal first quarter results at Betfair by poring over the potential areas for improvement at the firm under new CEO Breon Corcoran.
Figures released by the Nevada Gaming Control Board on Monday showed that July gaming revenues on the Las Vegas Strip climbed 27.5 percent year-on-year to $597.5m, as an atypically high hold rate drove baccarat win to its third highest ever level.
Ahead of the release of an interim management statement at Betfair on Tuesday, analysts at Panmure Gordon have forecasted that the firm will report year-on-year net gaming revenue growth of around 10 percent for the fiscal first quarter, with mobile remaining “a core driver”.
Following on from the release of mixed quarterly results at Greek betting and lottery monopoly OPAP, analysts at Eurobank have estimated that Greece’s gaming market will contract by 13 percent in 2012, weighed down by the country’s continuing economic woes.
Analysts at Roth Capital have estimated in a recently published industry note that the global electronic table game (e-Table) market is worth around $200m in terms of annual revenue, with over 70 percent of total positions located in Europe.
Analyst attention once again turned to Germany after UK-listed online gaming giant Bwin.Party Digital Entertainment reported above-consensus half-year earnings, driven by strong momentum in casino revenues and lower than expected costs across the group.
Analysts at Union Gaming have reported following a recent trip to Atlantic City that operators are heartened by the impact of the refurbished Golden Nugget but “largely discouraged” by the initial results out of Revel.