Flutter Entertainment Plc has declared corporate losses of $1.21bn after completing a transformative year for its business, which achieved the headline objective of becoming global gambling’s most valued Plc.  Publishing its full-year 2023 accounts, the joint FTSE-&-NYSE-listed gambling group reported revenues of $11.7bn, a 24% increase over the FY2022 results of $9.4bn.  Headline growth shows Flutter delivering on the goals …

The English Football League (EFL) has announced plans to allocate £600,000 in funding to communities throughout England, marking the initial distribution of grants in collaboration with Sky Bet. As part of the fund, financial assistance will be directed towards initiatives associated with over 60 EFL clubs, including a variety of projects aimed at addressing isolation, enhancing fitness and mental well-being, boosting sports …

Further developments have surfaced in the ongoing legal dispute between Entain Plc and Sports Entertainment Media BV regarding the deal valuation of BetCity.nl. On 19 March, Sports Entertainment Media BV and related parties submitted a counterclaim to the High Court of Justice of England and Wales demanding €104m in compensation from Entain. The counterclaim, put forward by the Singels family …

Continent 8 Technologies has confirmed the appointment of Ai Ishii as the Regional Sales Director of the igaming infrastructure and cybersecurity solutions provider. Ishii is an experienced business development specialist skilled in sales and fostering strategic partnerships, having worked for renowned organizations such as Bragg Gaming and nChain. Brian Koh, Chief Commercial Officer at Continent 8 Technologies, added: “Ai is …

Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a warning and a penalty fee of SEK 300,000 (€26,000) to Yggdrasil Gaming for non-compliance with regulations related to licensed supplier services/authorisations. The regulator has stated that, through its investigations into unlicensed gaming websites on January 16, 2024, it determined that Yggdrasil had provided gaming software to an operator who didn’t have the necessary Swedish licence to …

Fitzdares has bolstered the content and data of The Racing App to cover North American horseracing events and fixtures. The Racing App has been launched in November 2023 by premium sportsbook Fitzdares and app-developer Quantum Leap Solutions to provide racing punters with an all-in-one platform for data, insights, and content on UK and Ireland racing fixtures. The Racing App is …

BetMakers has informed investors that Anthony Pullin has resigned as Chief Financial Officer (CFO) of the ASX-listed wagering technology group. Pullin, who has served as BetMakers’ financial lead since 2018, will end his CFO tenure on Wednesday, 27 March. CEO Jake Henson thanked Pullin for his significant contribution to BetMakers’ growth and development. “Over the past 5 years, Anthony has …

SBC’s Affiliate Leaders recently engaged in a discussion with Leanne Muleba, Chief Operating Officer of Matching Visions, in anticipation of her upcoming role as a speaker at the CasinoBeats Summit in May. Muleba delved into the mechanics of affiliate networks, underscoring their advantages for both smaller to medium-sized affiliates and well-established industry players. Muleba advocates alternative strategies for traffic monetisation …

The board of 888 Holdings has informed markets that the UK Gambling Commission (UKGC) will take no further regulatory action against the LSE-listed gambling group. This morning, 888 issued a corporate update announcing that the Gambling Commission had completed its license review, initiated in July 2023 due to regulatory concerns raised on FS Gaming’s investment in the LSE firm. Investors …

Penta Investments is reported to be weighing up a ‘possible sale’ of its gambling asset, Fortuna Entertainment Group (FEG). As reported by Reuters, the Central and Eastern European private equity fund is open to offers to acquire Fortuna Entertainment, recognised as the biggest betting firm of the Czech Republic and Slovakia. The private equity fund of Czech moguls Jaroslav Hascak …