Monday, March 2, 2015
Sunday, March 1, 2015
Bookmaker William Hill said a big loss-making week, where football results came in overwhelmingly in favour of its customers, weighed on the company’s performance in the first quarter.
The company, which has about 2,400 betting shops in the UK and online operations in countries including the US, Australia and Spain, said revenue for the period was behind its expectations.
James Henderson, the chief executive, said William Hill was confident about prospects for the full-year despite the early setback.
“Whilst inclusion of the loss-making week leaves us behind internal expectations for the period as a whole, the board’s view is that this volatility in sporting results is now a normal part of the group’s trading, given the increased proportion of accumulator football betting in online as well as retail. Therefore, the board remains confident in its expectations for 2015.”
Investors appeared unconvinced, with shares down 5.7% at 369p.
Earlier this month, William Hill’s potential £720m takeover of 888 collapsed after a key shareholder in the online poker and gaming company failed to back the deal.
View full article at http://www.theguardian.com/business/2015/feb/27/william-hill-revenue-hit-by-customers-winning-streak
Veteran casino financial and operations executive David Sisk (pictured) has been appointed chief operating officer (COO) of Genting Singapore Plc’s Resorts World Sentosa, the firm has announced.
In his new role, Mr Sisk will be responsible for all the day-to-day operating units at the Singapore casino resort, the company said in a press release related to its financial results for 2014. The executive will report directly to Tan Hee Teck, chief executive of Genting Singapore, a subsidiary of Malaysian conglomerate Genting Bhd.
The same release said Goh Chye Boon, executive vice president of operations at Resorts World Sentosa, had resigned “to pursue other opportunities”.
The news came at the same time Genting Singapore, the property’s developer and operator, announced a 30 percent year-on-year decline in fourth quarter profit, weighed down, said analysts, by falling volume and bad debt in the VIP player segment at Resorts World Sentosa.
Mr Sisk previously worked for ...
View full article at http://www.ggrasia.com/david-sisk-named-coo-of-resorts-world-sentosa/
(Bloomberg) -- Wynn Macau Ltd. fell to the lowest in more than two weeks, leading declines in casino shares after a senior Macau official said the city wants to study restrictions on mainland Chinese tourists to ease overcrowding.
The government will approach China’s central government in Beijing to analyze Macau’s capacity for visitors, and to consider how “too many tourists impact residents’ quality of life,” local broadcaster Teledifusao de Macau cited the Secretary for Social Affairs and Culture Alexis Tam Chon Weng as saying on a radio talk-show.
Wynn Macau dropped 3.7 percent to HK$...
View full article at http://www.bloomberg.com/news/articles/2015-02-24/macau-casinos-slump-on-city-s-plan-to-review-chinese-visits