Ladbrokes has announced the full roll-out of its ‘cash-out’ function following its successful trial period in April. The bookmaker had tested the product on its accumulator ‘My-Accas’ products during the month of April, allowing for customer to cash-out early priced winning on their accumulator bets. The operator revealed that more than 25,000 of its customers had used the cash-out function …

Having confirmed its re-entry into the UK sports betting market, Asian handicap sports betting specialist 12BET has announced the re-launch of its new European and UK sportsbook product. 12BET will remain in-play football betting specialists, with over 6000 live football events each month, an average of 60 markets per event and a host of 5 minute mini markets. 12BET will …

UK business news sources have reported that 888 Holdings are preparing a £1 billion takeover of igaming and sports betting operator bwin.party. The news, follows last Friday’s media conformation by rival operator GVC Holdings of its acquisition interest in purchasing bwin.party entertainment in its entirety. The 888 bid would likely be treated as a reverse takeover as bwin.party has a …

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

Digital marketing and user engagement/optimisation specialist Maxymiser, has announced a set of further extensions to its optimisation suite with update 9.1 which its hopes will boost the performance of its igaming and sports client portfolio which  includes operators Paddy Power, Camelot, iGame, bwin and Betfair Maxymiser 9.1 includes new features that empower marketers to easily personalise customer experiences and also …

Online gambling investment firm GVC Holdings has confirmed to the media, that it has submitted a proposal for the acquisition of bwin.party entertainment in its entirety. GVC Holdings this morning released a short corporate statement confirming its actions and interests with regards to bwin.party. A bwin.party counter statement would confirm the interest of GVC’s acquisition proposal, and would further state …

Following the forecast of an impending AUS $2.7 billion (£1.4 billion) state deficit, West Australia governors are eyeing the potential sale of state assets, with a view to raise AUS $5 billion (£2.65 billion) in funds. Presenting his upcoming budget, Treasurer Dr Mike Nahan has outlined the potential sale of state gambling enterprise TAB to the private sector for an …

Ash Gaming Managing Director Andrew Porter and Gaming Standards Association Protocol Director Ethan Tower have been confirmed as high-profile speakers at next month’s edition of the Slot Summit in Bucharest, Romania. Jonathan Smith, Training and Development Consultant, Sporting Index/ Sporting Option, has also been named on the stellar line-up of speakers for the June 9-11 event. Attendees will be provided with valuable …

William Hill is set to ramp up its innovation projects and in-house development competencies as the operator looks to reinvigorate the sports betting and igaming markets. Speaking to advertising news source TheDrum at the Shoreditch Digital Festival, Crispin Nieboer William Hill’s Director of Corporate Development and Innovation detailed that the operator would look to launch up to 10 new innovations …

The European Amusement and Gaming Federation (EUROMAT) has joined its Dutch member, the VAN Kansspelen Branche-organisatie, in filing a formal state aid complaint to the European Commission. The complaint argues that the Dutch Government will violate EU law if it allows online gambling companies to benefit from a tax rate of 20% compared to the 29% currently paid by their …