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Record Loss for Russian Bookmakers In The World Cup Final

George Miller

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Record Loss for Russian Bookmakers In The World Cup Final
Photo Credits: Matthias Hangst/Getty Images
Reading Time: 1 minute

In the 2018 World Cup final, France defeated Croatia and won the world championship for the second time in its history. Deputy General Director for Trading BC “League of Stakes” Maxim Afanasyev said that the match was a record loss for Russian bookmakers.

“We recorded a record for the loss – 3.5 times more than at the Champions League final. They played all the outcomes, which were mostly put by the clients: the victory of France, the handicap (-1.5) for the French, both will score, goals in both halves, and, of course, all conceivable and inconceivable totals, ” said Mr. Afanasyev.

He also noted that the final match was probably the most record on payments in the entire bookmaker industry.

“The loss on the Russian market from one final match, according to my estimates, is about $ 100 million,” the expert believes.

In the final match of the 2018 World Cup, France defeated Croatia 4: 2.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Daily Fantasy Sports

New headquarters for DraftKings

Niji Narayan

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New headquarters for DraftKings
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DraftKings, one of Boston’s largest tech companies, is moving into a new corporate headquarters in downtown Boston, as it planned to grow from 425 employees to more than 700 employees in 2019. About 600 of those workers were expected to be based in Boston.

Company executives are hosting a ribbon cutting and tour of the 105,000-square-foot space near Copley Square in the city’s Back Bay neighbourhood.

DraftKings was founded in 2012 and made its mark as a major force in daily fantasy sports. The company is currently located in an office building near South Station.

 

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Industry News

AGTech announces revenue report of 2018

Niji Narayan

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AGTech announces revenue report of 2018
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AGTech Holdings Limited announced its final results for the last year, revealing a profit of approximately HK$317.1 million (US$40.4 million). The results were up from a loss of HK$302.2 million in the prior year period.

Revenue of the group, however, was down 44.2 per cent year-on-year to approximately HK$168.6 million.

The main revenue contributions were from lottery hardware, lottery games, and systems, provision of distribution and ancillary services, games and entertainment business in the PRC.

The decrease in revenue was caused by an HK$86.0 million decrease in revenue from its games and entertainment division and a decrease in sales of lottery hardware of approximately HK$60.3 million.

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Gambling in the USA

Caesars Palace casino dealers join with UAW Labour Union

Niji Narayan

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Caesars Palace casino dealers join with UAW Labour Union
Photo Source: agoda.com
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Caesars Palace is one of the largest properties in that part of Las Vegas with a variety of spacious facilities, including its nearly 125,000-square-foot casino floor.

Caesars Palace table game dealers now move to unite with the UAW, the major Detroit-based labour union representing workers from different industries across the United States and Canada. Nearly 550 casino dealers at Caesars Palace voted to unite with the UAW.

The Caesars Palace unionisation decision was made after a 371-12 vote in favour of the move. More than 1,470 dealers at Caesars-owned Bally’s Harrah’s, Paris, and Wynn Resorts’ Las Vegas casinos voted last week to join the union that represents around 400,000 active workers in different industries.

Union President Gary Jones said that they were thrilled to have Caesars Palace “vote to be allowed to join what are now over 10,000 casino workers in the UAW.”

Vance Pearson, Director of UAW Region 5, said in a release that they welcome the new union members and “look forward to getting down to business and bargaining great contracts.”

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