Ted Menmuir

Wager launches promising to conquer betting’s social conundrum

London start-up ‘Wager’ becomes the latest incumbent to tackle betting’s ‘social wagering conundrum’ launching its propitiatory product on the Apple App Store. The enterprise founded by Oxford University graduates Leo Barnes (CEO) and Elliot Robinson seeks to move wagering away from traditional bookmaker markets, by tapping into betting’s ‘growing social trends’. Launching its app, Wager believes that it has developed …

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Betfair accelerates LATAM drive by backing CONMEBOL

Betfair has advanced its LATAM profile after confirming that it has become an ‘Official Partner’ of CONMEBOL – the governing body of South American football. The partnership, which will extend until December 2022, will see the Betfair brand displayed across CONMEBOL’s flagship Copa Libertadores and Sudamericana tournaments, South America’s most prestigious club competitions. Betfair Brand Director Stephen Mault said: “We are delighted to be …

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STS Poland makes its Interactive play with BetGamesTV

Leading Polish bookmaker STS Gaming Group has moved to enhance its interactive gaming capacities, integrating the full portfolio of live studio games supplier BetGamesTV across its digital portfolio. The interactive gaming partnership has launched on of the STS.pl platform, with the bookmaker confirming that BetGames.TV portfolio will be imminently made available on STS’ mobile inventory. Confirming the partnership, STS management …

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Kenneth Alexander underlines long-term GVC leadership commitment

Kenneth Alexander, Group Chief Executive of FTSE gambling group GVC Holdings, has underlined his long-term commitment to the company by purchasing £5 million worth of shares. GVC’s leader confirmed that he had acquired 833,000 shares at a purchase price of 588.17p – the transaction sees Alexander increase his total shareholding in the firm to approximately 2.5 million shares. Issuing a …

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Codere secures Hard Rock Mexican market joint-venture

Spanish business news sources report that Bolsa Madrid gambling group Codere SA has signed a joint-venture agreement with Hard Rock International, which will see both companies develop new gaming properties within Mexico. The joint-venture will begin with Codere and Hard Rock establishing a new ‘tourist complex’ valued at $1 billion, which will see the US leisure and entertainment group develop …

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Spelinspektionen continues penalty stance on under-18 wagering

Swedish gambling regulator Spelinspektionen has sanctioned a further raft of fines and warnings to licensed operators for breaching its rules on offering ‘under-18’ betting markets. Publishing its latest industry update, Spelinspektionen has fined four licensed incumbents – ComeOn Sweden, Hajper Ltd, Legolas Invest and Faster Ltd – for offering ‘betting on events where the majority of participants are under 18 years of …

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B2B and SNAITECH growth gives Playtech confidence in future prospects

Publishing its 2019 interim results (period ending 30 June), Playtech Plc has underlined its confidence in delivering on full-year expectations and strategic targets. Recording a 68% increase in group revenues to €736 million (H12018: €436m), Playtech highlighted growth across its ‘Core B2B Gambling’ division and the integration of SNAITECH Italia assets as key performance drivers. The FTSE250 technology group detailed that …

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SuperBet makes Zagreb its new technology home acquiring Axilis studio

Croatian tech news source Netokracija.com has reported that Romanian betting group SuperBet Group has acquired Zagreb-based technology development studio Axilis. The acquisition will see Axilis become the lead development hub of SuperBet’s planned proprietary sportsbook platform launch. Both companies maintain an existing working relationship, with Axilis having led the frontend redevelopment of SuperBet new website, which was launched in ‘beta …

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Italian Police charges SKS365 with €124 million Glassia payback

SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has been charged by the Italian Financial Police of corporate tax evasion totalling €124 million. The tax evasion charge forms part of Italian Police’s wider ‘Glassia’ anti-Mafia investigation, undertaken during the course of 2018, which saw 60 people arrested and €1 billion seized in illegal funds. Conducting a probe of gambling …

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‘Provably Fair’ CSGOEmpire winning skins integrity battle

‘Fair skin betting operator’ CSGOEmpire has launched a new ‘match betting’ product to complement its popular roulette game. Launched in 2016, CSGOEmpire seeks to lead the esports market in relation to ‘skin wagering’ dynamics, a controversial element of esports which sees players compete to win virtual goods or currencies (referred to as skins) that hold no material value. In its mission …

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