A cross-party group of Dutch MPs has questioned two Ministers with oversight on betting and gaming over the sector’s potential impact on young people. Questions were submitted by Mirjam Bikker of the Christian Union, with co-initiations from Michel van Nispen of the Socialist Party, Kees van der Staaij of the Political Reformed Party and Songül Mutluer of the Labour Party. …
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LeoVegas revenue hits €99.5m in debut quarter of MGM ownership
LeoVegas AB has published its latest results from the Nasdaq stock exchange after integration into MGM Resorts portfolio, reporting positive trading in Europe although some international markets proved difficult. Total group-wide revenue over the three-month period rose 1% to €99.5m (Q4 2021: €98.2m), although various business costs meant that adjusted EBITDA fell by 77% to €3.7m (€11.6m), with a margin …
Read More »10Bet to pay £620k settlement in latest Commission regulatory action
The UK Gambling Commission (UKGC) has taken enforcement action against Blue Star Planet Ltd, which operates online sportsbook 10Bet. Following a regulatory review, the Commission found that 10Bet had violated social responsibility licensing requirements between November 2019 and June 2021. As a result, the regulator has charged the firm a settlement of £620,000, which will be redirected towards ‘social responsibility …
Read More »Andrew Rhodes: The reality is there are risks that need to be addressed
The UK Gambling Commission (UKGC) has been cooperating with the government on the Gambling Act review White Paper, but cannot pre-empt what the White Paper will entail. These were the words of UKGC CEO Andrew Rhodes, speaking to Racing TV via video link, where he was quizzed about the potential outcomes of the review and the dynamics on affordability checks. …
Read More »DATA.BET enhances product ‘unlike any other’ with player markets
Eyeing up a highly unique betting experience, DATA.BET has added individual player markets to its esports wagering product. The new features will be made available for live betting on all Counter Strike: Global Offensive (CS:GO) maps, allowing for more betting markets on matches. Punters can bet on the number of kills and deaths a specific player will accumulate throughout a …
Read More »New attendance record set at ICE 2023 with 40,000 visitors
ICE London upped its attendance numbers by 4,000 this year, as a total of 40,000 ‘unique attendees’ visited the event at the ExCel centre last week. This is a record figure for the betting and gaming trade show, up from 36,000 in 2020 and 24,000 who attended the ‘scaled down’ post-pandemic edition in April 2022. Stuart Hunter, Clarion Gaming Managing …
Read More »GiG examining how to ‘maximise output’ from strategic split
Gaming Innovation Group (GiG) has begun a strategic review of its business, which could see a separation of the company into two publicly traded enterprises. The review will take place throughout the year, having been ‘initiated immediately’, with a focus on what strategic and operational objectives will need to be achieved for a split between the two respective divisions. A …
Read More »GiG to review strategic split following ‘stellar’ fourth quarter
Gaming Innovation Group (GiG) has reported ‘all-time high’ revenues for its Media, Platform and Sportsbook services, driving substantial business growth for the firm during Q4 2022. Total quarterly revenue rose year-on-year by 44% from €18.1 to €26m, with adjusted EBITDA up 71% to €10.8m (Q4 2021: €6.3m), with a margin of 41.4% (34.9%). EBIT, meanwhile, stood at €4m, an 80% …
Read More »Allwyn examining media potential as National Lottery transition underway
As a transformational year for the company gets underway, Allwyn has initiated a review of its media planning and buying account, according to Campaign. The multinational European lottery group has reportedly retained Dentsu-owned media agency iPropsect as its partner for the review, which is being handled by intermediary Ebiquity. Allwyn is apparently conducting the creative review with an aim to …
Read More »Anna-Clara Fredriksson to drive ‘diversity for innovation’ in Svenska Spel HR role
As revenues remain steady and amid a renewed focus on safer and sustainable gambling, Svenska Spel has appointed a new HR lead. Anna-Clara Fredriksson has been named as the Swedish state-backed betting group’s Chief Human Resources Officer (CHRO), set to take up the role on 8 May. Specifics of Fredriksson’s position will include responsibility for fostering corporate culture and development …
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