Bolsa Madrid gambling group Codere SA will launch an investigation into the auditing of its Latin American business unit, as the firm admits to inconsistencies published in its year-to-date financial reporting. Communicated through Spain’s CNMV market authority Codere governance confirms that it will review the auditing of its entire LATAM unit, following ‘overstated accounts’ reported by a number of its …
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Betgenius continues to enhance its sports betting engagement provisions, after launching its first ever streaming service designed to help sportsbooks plug crucial gaps in their in-play betting schedules with sports content from around the world. Seeking to become the industry’s optimal streaming service, Betgenius has developed its product from partnerships with official rights holders across multiple sports, maintained through Genius …
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H2 trading saw all betting operators report tough and costly adjustment periods, complying with enforced KYC demands across multiple markets. Rob Griffin CEO of MIRACL, developer of tailored ID provisions for highly regulated markets tells SBC that betting incumbents can clear their KYC hurdles by challenging out-of-date verification concepts and operating norms. ___________________ SBC: Hi Rob, thanks for this interview, you …
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The ramifications of Italian police’s ‘Glassia’ anti-mafia investigation deepen as Dutch finance magnate Marcel Boekhoorn, founder of private equity fund Ramphastos Investments, is placed under investigation. Amsterdam-based Ramphastos sees itself implicated in Glassia, having acquired Austrian betting firm SKS365 Group the operating company of bookmaker Planetwin365, in 2016 for €160 million. Last week, the magistrate of Reggio Calabria confirmed that Boekhoorn …
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The Department for Digital, Culture, Media & Sport (DCMS) has published an 8-point checklist, preparing gambling businesses and wider stakeholders for a potential No-Deal Brexit scenario. At present, the Conservative government maintains its deadline that the UK will leave all European Union institutions on 31 October, underlining that it will seek no further withdrawal negotiation extensions. This September, the government …
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The governance of GambleAware has confirmed the appointment of Peter Holt as Chief Financial Officer (CFO) of the UK charity. An expert in the financial planning of public sector organisations, Holt was recently the finance director of NHS Health Education England (HEE) for London & the South East, responsible for a £1.2 billion budget. During his HEE tenure, Holt oversaw the …
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GVC Holdings has confirmed the appointment of BBH London as lead creative marketing agency for its Ladbrokes Coral advertising account. This September, GVC governance called for an ‘agency pitch’, consolidating the multi-million £ creative advertising accounts of Ladbrokes and Coral – the FTSE gambling group’s flagship UK betting brands. A specialist in delivering effective brand development strategies for large scale …
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The International Betting Integrity Association (IBIA) has published its official response to the Brazilian government’s ‘draft decree’ on developing a regulatory framework for fixed-odds betting services. Representing the integrity interests of multiple sports betting incumbents, the IBIA raises stakeholder concerns with decree provisions attached to taxation and the Brazilian government’s approach to tackling potential sports manipulations. “Our response focuses on …
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New online sportsbook BetWarrior has secured its first football partnerships with Paraense State (North Brazil) teams Clube do Remo and Paysandu Sport. Complying with current Brazilian gambling regulatory frameworks, BetWarrior details that it has formed ‘fan-focused partnerships‘ with the two clubs, who compete in the ‘Campeonato Paraense’ state league. BetWarrior’s partnerships will allow fans of Remo and Paysandu to place …
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Spain’s Competition & Markets Authority (CNMC) will allow Grupo CIRSA to acquire bookmaker Sportium outright, permitting the Blackstone owned operator the right to purchase Ladbrokes 50% joint-venture shareholding. The CNMC had been forced to review CIRSA’s pending €70 million acquisition of Ladbrokes JV stake in Sportium, which would see CIRSA control Spain’s biggest wagering network made-up of 3,000 retail betting …
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