Following the conclusion of the 2022/23 financial year and the publication of the UK’s gambling White Paper, the Horserace Betting Levy Board (HBLB) has revealed its estimation of levy contributions. The racing funding organisation projects that, after receiving provisional submissions from levy-paying bookmakers, the total payment as of 31 March 2023 will stand at £99m. Contributions from operators have therefore …
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Kambi details share buyback progress as 92,500 repurchased
The share buyback programme initiated by Kambi following the repayment of its convertible bond to Kindred Group is progressing well, according to an update from the firm. Issuing an update this morning, the Stockholm-listed explained that between 10-16 M ay a total of 92,500 of its own shares at a volume weighted average price of SEK 212.75 (€19). The total …
Read More »bet365 extends GiG marketing compliance partnership
Gaming Innovation Group’s (GiG) partnership with bet365 has been renewed for an undisclosed period of time, centred around delivery of the GiG Comply tool. An automated affiliate marketing compliance solution, GiG Comply will be used by bet365 to scan web pages for content such as links, igaming ‘code red words’ and regulatory requirements across multiple jurisdictions. GiG Media’s end goal …
Read More »BETER appoints ‘seasoned’ Chuck Robinson to CRO role
BETER has appointed Chuck Robinson as Chief Revenue Officer, lauding the new addition to its senior management team as a ‘seasoned’ executive with proven experience. Robinson’s chief remit will be to oversee and coordinate BETER’s sales, marketing and account management, enhance client services and make improvements to the overall customer experience. On a wider scale, Robinson will contribute towards achieving …
Read More »Nils Andén to lead Kindred after Henrik Tjärnström steps down as CEO
Henrik Tjärnström has resigned as CEO of Kindred Group, with Nils Andén named as his replacement by the firm’s Board of Directors on an interim basis. The outgoing CEO first assumed leadership duties of the Stockholm Nasdaq gambling group in July 2010, having stepped up from his joint role as Deputy CEO and Chief Financial Officer, a position he began …
Read More »ASA rules against kwiff for Portsmouth FC casino ad
The Advertising Standards Authority (ASA) has issued a warning to kwiff after an advert for the operator’s casino offering appeared in a Portsmouth FC news article about the club’s younger supporters. Specifically, the ad was for the Book of Dead slot game, promoting free spins offers and an ‘18+ new customers only’ accompanying text, and was featured in a news …
Read More »Jesper Søgaard: Better Collective song remains the same from Europe to LatAm
Better Collective is on track to achieve its vision of becoming the sector’s leading digital sports media group, CEO Jesper Søgaard informed investors following the group’s record-breaking Q1 earnings call. Addressing shareholders and media, Søgaard and Group CFO Flemming Pedersen provided a market-by-market breakdown of Better Collective’s operations during the first three months of the year and beyond. “We continue …
Read More »NHS figures reaffirm UK 0.3% problem gambling rate
An NHS report into the prevalence of gambling participation, behaviour and problem gambling in UK society has been released, amid continued discussion around the sector’s regulatory future. At a time when the extent of problem gambling in the UK has been a major talking point around the publication of the Gambling Act review White Paper, the NHS stats have drawn …
Read More »LeoVegas launches ‘Nye Expekt’ in Denmark to continue Nordic betting vision
LeoVegas has taken another step in its strategy of enhancing its sports betting operations, with a particular focus in the Nordic markets, relaunching the Expekt brand in Denmark. The company, which has traditionally focused on online casino products, has taken its ‘Nye Expekt’ (New Expect) sportsbook live in Denmark following a successful run in neighbouring Sweden. Expekt returns to Denmark …
Read More »BtoBet’s SOJOGO Mozambique partnership goes live
BtoBet‘s omni-channel betting partnership with SOJOGO, the global arm of Portuguese National Lottery Santa Casa da Misericórdia de Lisboa, has launched in Mozambique. The partnership focuses on a rollout of BtoBet’s Neuron 3 sportsbook and turnkey solution for SOJOGO in the east African country, supporting the operator’s online and retail activity. This includes the launch of a new online betting and …
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