Financial

Financial News

James Henderson, chief executive officer of William Hill, said: “As expected, group operating profit was impacted by a £20 million increase in gambling duties following the introduction of POC tax in December 2014 and the increase in the machine gaming duty rate in March 2015.   “However, we are well positioned to benefit as the UK online market evolves following the introduction of POC tax, with our ongoing technology investments expected to benefit both product and customer experience and with a substantial marketing commitment.

Financial News

PGRI Note:  This model of setting up private commercial online lottery companies to illegally compete with authorized government-lotteries is evolving quickly and with potentially profound impacts on the funding for Good Causes that state lotteries support.   This is article describes how Lottoland is tapping into new capital markets to hedge against the risk of covering large jackpots.  Much more on the implications of these developments are discussed in the next issue of Public Gaming International Magazine.

Financial News

The casino operator said the  company’s bankrupt operating division, Caesars Entertainment Operating Co., has been unable to reach a deal regarding the restructuring plan to cut “some” debt, Reuters reported.  The company said it halted talks with the Ad Hoc Committee Bank Lenders. Caesars has until May 15 to file a plan for reorganizing Caesars Entertainment Operating Co.

WORLD LOTTERY SUMMIT Photos Rome







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