Canada-based betting and entertainment group FansUnite has sold its Scotland-facing McBookie brand for CA$5m (£2.9m), three years after first acquiring the operator. Scott Burton, CEO of FansUnite, explained in a statement that the TSX-listed firm has opted to offload the betting and gaming operator in order to focus more on B2B operations, citing the recent publication of the Gambling Act …

The UK Gambling Commission (UKGC) has updated stakeholders on its plans following the publication of the Gambling Act review White Paper, outlining that the results of its consultations should be due by the end of the summer. Last week’s recommendations published by the DCMS put forward a number of recommended changes for UK gambling’s regulatory framework. However, the clarity stakeholders …

Flutter Entertainment has ‘got its mojo back’ in the UK and Ireland, according to Group CEO Peter Jackson, who addressed investors alongside the firm’s newly appointed Chief Financial Officer (CFO) this morning. Following the group’s Q1 2023 trading update, Jackson, along with Paul Edgecliffe-Johnson, provided a breakdown of the group’s market performance across a range of international jurisdictions. A leading …

Kambi has fully repaid the €7.5m convertible bond held in its business by Kindred Group, enabling the B2B betting and gaming supplier to expand directional control. The bond was established as part of the terms of Kambi’s divestment from Kindred back in 2014, after which Kindred became a primarily B2C-focused company via its Unibet and 32Red holdings. Despite the divestment …

Last week’s White Paper on UK gambling law reform contained numerous proposals for change, some of which were unexpected, others which were less surprising – such as the creation of an industry ombudsman. Establishment of a single body to handle customer complaints and redress was widely reported by several outlets, including the BBC, as a likely outcome of the review …

EveryMatrix has announced its latest senior appointment, naming Gonzalo De Osma Bucero as Chief Financial Officer (CFO), with group-wide responsibility and oversight. De Osma Bucero’s primary remit will be to manage and coordinate EveryMatrix’s finance and legal teams across its full range of business assets, such as the OddsMatrix sportsbook and SlotMatrix slot division. The company has highlighted its new …

For the past two years, affordability checks have cast a long shadow over the UK gambling industry, with many stakeholders uneasy about the potential impact such measures could have. With the publication of the Gambling Act review White Paper last week came clarity on a number of issues, including affordability with the introduction of ‘finance risk checks’ for online gambling. …

LeoVegas has secured a majority stake in development studio Push Gaming in the latest commercial move for its LeoVentures investment arm. The Swedish company has outlined a strategy of investing in game content creation and distribution to support its own international expansion plans, with the group emphasising that the development ‘leapfrogs’ its exposure into slots content. In addition to securing …

The Netherlands online gambling space will continue to grow at a rapid pace according to the Kansspelautoriteit (KSA), the country’s national gambling regulator. Latest KSA figures from its fourth monitoring report show a gross gaming result (BSR) – aka net gaming revenue (NGR) – of €90m for January. Based on this NGR valuation, the KSA projects that the Dutch online …

A feeling of optimism, calls for more work to be done and a sense of relief – the reaction to the Gambling Act review White Paper from the UK’s research, education and treatment (RET) community has been eclectic to say the least. Issuing statements to the regulatory proposals, three of the UK’s most prominent RET organisations outlined viewpoints on what …