Sports Business Correspondent
Keith's Feed
Sep 4, 2014

Betfair lifted by World Cup, defends its accounting

LONDON (Reuters) – Online gambling company Betfair (BETF.L: Quote, Profile, Research, Stock Buzz) reported strong growth in quarterly profit on Thursday thanks to the soccer World Cup and defended its accounting policies after an error relating to past dividend payments.

Betfair said it generated revenue of almost 16 million pounds ($26.3 million) from the month-long soccer tournament in Brazil, more than double what it made during Euro 2012.

Sep 2, 2014
Sep 2, 2014
Sep 2, 2014

English clubs lead the way in summer spending spree

LONDON (Reuters) – English Premier League soccer clubs spent a record 835 million pounds on hiring players during the summer transfer window as they reinvested cash from the latest round of broadcast deals.

That total was almost double the 425 million paid out by teams in Spain’s La Liga, the next highest spending country, according to figures released by business services group Deloitte on Tuesday.

Sep 2, 2014

Soccer-English clubs lead the way in summer spending spree

LONDON, Sept 2 (Reuters) – English Premier League soccer clubs spent a record 835 million pounds ($1.4 billion) on hiring players during the summer transfer window as they reinvested cash from the latest round of broadcast deals.

That total was almost double the 425 million paid out by teams in Spain’s La Liga, the next highest spending country, according to figures released by business services group Deloitte on Tuesday.

Sep 1, 2014
Aug 29, 2014
Aug 29, 2014

Bwin.Party outlines turnaround plan, more cost cuts

LONDON, Aug 29 (Reuters) – Online gambling company
Bwin.Party set out plans on Friday to cut costs further
and improve the performance of a business that has suffered a
series of setbacks since its creation three years ago.

Under pressure from a new U.S. activist shareholder, Bwin
said it would be prepared to play a part in industry
consolidation, comments that could revive speculation over a
possible break-up of the company.

Aug 28, 2014

Lifted by new contracts, Playtech set to top forecasts

LONDON, Aug 28 (Reuters) – Playtech said on
Thursday that profit was likely to come in ahead of forecasts
this year, with new contracts in Mexico, Britain and Italy
underpinning optimism at the online gambling software company.

Playtech shares, which are listed in London, traded 7.7
percent higher at 714p by 0900 GMT, valuing the company at about
2 billion pounds.

Aug 22, 2014
    • About Keith

      "Sports Business Correspondent, a new role at Reuters. I was previously UK Chief Correspondent and have also worked in Italy, Ireland and the Netherlands during more than 20 years with Reuters. I have also worked as an editor in a number of senior roles."
      Joined Reuters:
      September 1988
      Languages:
      English, French, Italian, German and Dutch
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