Ted Menmuir

Betsson clears interim high targets on EE and LatAm growth 

SBC News Betsson clears interim high targets on EE and LatAm growth 

Betsson AB boasts stellar interim trading, achieving record results matched against peak comparatives. Publishing its H1 2024 accounts, the Stockholm-listed online gambling group achieved ‘record high’ group revenues of €520m, up 13% on interim 2023 results of €459m. Peak revenue reflects Betsson achieving consecutive ‘record high’ Q2 revenues of €272m, up 15% on corresponding 2023 income of €237m. Matched against …

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Betsson orders GiG to repower Inkabet for new Peru market

SBC News Betsson orders GiG to repower Inkabet for new Peru market

Gaming Innovation Group (GiG) will lead the platform supply for Inkabet, Peru’s top online sportsbook brand, enabling its expansion into new South American markets. Betsson AB, the owner of Inkabet and technology partner of GiG since 2020, announced the partnership. Betsson acquired Inkabet in 2021 for $25m to strengthen its South American portfolio. GiG will upgrade Inkabet’s platform and operating …

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Temur Mikeladze: West must understand Eastern gambling’s shifting interplays

SBC News Temur Mikeladze: West must understand Eastern gambling’s shifting interplays

The tectonic plates are shifting between Western and Eastern European gambling as noted by Temur Mikeladze, Chairman and Co-Founder of Crocobet. Sharp contrasts appear, as market maturity and regulatory tightening begin to set across multiple Eastern jurisdictions. An expert in scaling EE and former CIS markets, Mikeladze tells SBC that igaming’s future winners recognise the unique “cultural, regulatory, and economic …

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Montenegro to revise unworkable e-payments ban on gambling transactions

SBC News Montenegro to revise unworkable e-payments ban on gambling transactions

Montenegro will re-evaluate the controversial ban proposed on digital payment systems, wallets and mobile apps for betting transactions. The government enacted laws this year that prohibit electronic payment methods, including Apple Pay and PayPal, for online gambling services. Incumbents of Montenegros betting sector instantly criticised the laws, that will likely  hinder Montenegro’s efforts to join the EU. Several months later, …

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Evoke returns to UK online growth but highlights EBITDA struggles

William Hill Group sets new record with £19.2m penalty

Evoke Plc has returned its online unit to growth but has chosen to revise down its full-year guidance due to weaker revenues and adjusted EBITDA forecast. The LSE gambling group published its H1 interim results in which it detailed that Q2 trading was broadly stable sequentially on a year-on-year basis, helping the firm make strategic progress on its value creation …

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Loket Kansspel promotes risk awareness for Dutch under-25s

SBC News Loket Kansspel promotes risk awareness for Dutch under-25s

Kansspelautoriteit (KSA), the Netherlands Gambling Authority, has backed the new ‘gambling risk advice’ campaign of Loket Kansspel. Titled “Don’t Play with Games,” the campaign has been developed by Loket Kansspel to raise awareness of gambling behaviours and risks among Dutch audiences under the age of 25. Loket Kansspel serves as a central advice bureau for gambling addictions, offering help to …

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New KSA President backs ‘Globalised approach’ against Black Market threats

SBC News New KSA President backs 'Globalised approach' against Black Market threats

Michel Groothuizen has delivered his first address as Chairman of Kansspelautoriteit (KSA), the Netherlands’ Gambling Authority, opening the iGB Live, Amsterdam Conference (16-19 July). Beginning his tenure as KSA chairman on 1 July, Groothuizen told delegates: “I am probably entirely new to you, the gambling market is not entirely new to me,” referencing his casework in 2015 with the Ministry …

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2mee: iGaming KYC requires a Human Touch

SBC News 2mee: iGaming KYC requires a Human Touch

Janet Brennan-Gray, Chief Commercial Officer (CCO) at 2mee, says operators need to humanise their approach to player engagement if they are to acquire and retain players at scale while ensuring compliance and KYC duties. Online sportsbook and casino operators are being too conservative when it comes to engaging players one-on-one but with good reason. Regulatory constraints and compliance requirements limit …

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CIRSA acquires 70% stake in Apuesta Total to dominate Peru

SBC News CIRSA acquires 70% stake in Apuesta Total to dominate Peru

Grupo CIRSA has acquired a 70% stake in Apuesta Total, to become Peru’s biggest gambling group. As announced, Blackstone-owned CIRSA has become the majority shareholder of Apuesta Total, Peru’s biggest sportsbook, operating 500 betting locations across the Andean nation’s provinces and municipal districts. CIRSA has operated in Peru since 1996, building its land-based portfolio of 19 casinos, 74 betting points, …

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GamCare promotes Alexa Roseblade to Chief of Staff

SBC News GamCare promotes Alexa Roseblade to Chief of Staff

GamCare has appointed Alexa Roseblade as the new Chief of Staff. She will support GamCare’s leadership team in delivering on organisational priorities and achieving the charity’s governance objectives. Alexa Roseblade steps into this role after four successful years managing GamCare’s Children and Young People’s Team. She further led the Young People’s Service and the Young People’s Gambling Harm Prevention Programme …

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