Ted Menmuir

UKGC hosts tech expert meeting on safer gambling

The UK Gambling Commission (UKGC) has hosted a two-day meeting between industry executives and technology experts, seeking to make progress on the development of a ‘single industry-wide solution’ reducing gambling harms. Forming a ‘single customer view’ of UK gambling has been previously outlined as a major strategic initiative of the UKGC’s ongoing ‘National Strategy’ regulating the UK gambling incumbents The …

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Betsson AB sees no home comforts closing tough 2019

Publishing its full-year 2019 results, Stockholm-listed online gambling group Betsson AB details that it has achieved its strategic goals in a year of tough industry challenges and corporate adjustments. Tougher operating conditions within its Nordic home markets and the Netherlands see Betsson record a 5% decrease in group revenues to SEK 5,173m / €493m (FY2018: SEK 5,419m). Lower group revenues …

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DSWV – German online restrictions will not stand up to channelisation demands

Mathias Dahms, President of the German Sports Betting Association (DSWV), has urged Bundesrat officials to ditch the ‘agreed’ online sports betting restrictions of the inbound 2021 ‘Fourth Interstate Treaty on Gambling’. Representing DSWV members, Dahms states that restrictions of sports betting markets and in-play restrictions would simply be ‘proven as ineffective for a digital age’. Despite amending Interstate Treaty provisions …

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Spelinspektionen rejects Ninja Casino domain transfer

Stockholm-listed Global Gaming AB has had its latest attempt to revive its flagship Ninja Casino property within Sweden rejected by gambling inspectorate Spelinspektionen. Spelinspektionen governance is reported to have blocked the transfer of Ninja Casino’s SE domain to Global Gaming marketing partner Viral Interactive. A marketing services provider, Viral Interactive had applied to secure the Ninjacasino.se domain under the management …

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Irish Greyhound Board orders Sportech Tote upgrade

Copyright: juhku / 123RF Stock Photo

The Irish Greyhound Board (IGB) has sanctioned racing systems provider Sportech Plc to upgrade its Tote wagering services operating across its syndicated Ireland track portfolio. Securing a multi-year agreement with the Sportech Racing and Digital division, IGB upgrades its current ‘Series 7 Tote’ to Sportech’s state-of-the-art Quantum™ System. The agreement sees IGB partner with the ‘most widely deployed’ Tote betting …

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Diversified Kambi delivers on 2019 growth

Stockholm-listed sports betting platform and systems provider Kambi Group Plc has reported a strong close to 2019 trading, which has been driven by a significant increase in partner wagering volumes recorded across its commercial pipeline. Publishing its full-year 2019 accounts, Kambi posted another consecutive quarter of double-digit growth by recording Q4 2019 group revenues of €27m (Q42018: €22m). Meanwhile, its full-year 2019 …

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Matchbook Betting Podcast repeats best in show performance

For a second consecutive year, online betting exchange Matchbook’s ‘Matchbook Betting Podcast’ has been recognised as the ‘Best Betting Podcast’ by members of tipster community the ‘Smart Betting Club’. Securing 24% of votes, Smart Betting Club members acknowledged the Matchbook Betting Podcast for its ‘Consistent expertise and insight on football, horse racing, the NFL, and a wide range of other sports’. …

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UKGC defends ‘comprehensive National Strategy’ protecting consumers from present and future harms

Neil McArthur, Chief Executive of the UK Gambling Commission (UKGC), accompanied by Chairman Dr Bill Moyes, yesterday gave evidence to the House of Lords Select Committee investigating the ‘social and economic impact of the Gambling Industry’. A two-hour hearing saw McArthur and Moyes detail industry intricacies and diverse social factors attached to regulating the UK gambling sector amid a backdrop …

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Bet booster Kwiff promotes Charles Lee to CEO

Kwiff the sports betting app which ‘supercharges player odds’, has confirmed the appointment of Charles Lee as new Chief Executive Officer, effective since the start of 2020. Lee is promoted to CEO, having formerly served as Kwiff’s Head of Sportsbook (2018-2019), and will be tasked with leading the enterprise next stage of commercial development as the London based start-up seeks …

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GVC reprices and relocates its corporate debt holdings

Issuing a corporate filing, the governance of FTSE250 GVC Holdings Plc has today disclosed that it has sanctioned the repricing and reallocation of its existing $786 million (€720m) first-lien term corporate debt bond. Updating investors, GVC details that it has undertaken the transaction to ‘simplify its corporate debt structure’, which will see the debt-bond placement transferred to its wholly-owned GVC …

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