Kenny Alexander is to step down as CEO of GVC Holdings after 13 years with COO Shay Segev taking control of the FTSE-100 operator almost immediately. Alexander will remain at GVC in the short term as a company executive to support the leadership transition. Confirming the leadership change, Chairman Barry Gibson said: “Kenny has built a remarkable global business, and has …
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Progressing on its regulated market schedule, the Dutch government has forwarded its Remote Gambling Act for review by the European Commission. Despite covid interruptions, the Dutch government maintains that it will launch its new regulated gambling marketplace on 1 July 2021. Prior to market launch, Dutch gambling regulator Kansspelautoriteit (KSA) will open its first licensing window on 1 January 2021, …
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Buzz Bingo has revealed plans to close 26 of its UK venues in a move that will place 570 employees at risk of losing their jobs. The UK’s largest bingo hall operator stated that it had undertaken the drastic actions to ‘protect the future of its business’ as it seeks to mitigate pandemic circumstances affecting the entire leisure and hospitality …
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Clarion Gaming has issued an ‘advanced notice’ to industry incumbents and stakeholders confirming that its flagship ICE London show will be moved to April in 2021. Managing Director Kate Chambers stated that the decision had been undertaken following ‘discussions with the market’, after which it became clear that concerns remained attached to COVID-19 impacts should the exhibition maintain its traditional …
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Canada’s continued resistance towards legalising a ‘single sports betting’ framework has perplexed industry observers, as a subject matter that has all political party support, professional sports’ blessings and a ready-made audience. One-by-one as US states regulate sports wagering, the Great White North continues its slumber on adopting some form of a modern sport betting framework, replacing its antiquated parlay systems. …
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In last month’s “Licensing Expert” article for SBC News, I talked about a possible link between erosion of parliamentarians’ trust in the Gambling Commission and erosion of the Commission’s trust in the gambling sector. Since then, more recent events have served to underline even more the extent to which trust in both the regulator and the regulated has so regrettably …
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The CIS office for international law firm Dentons has issued on-the-ground perspectives with regards to the approval of Ukraine’s ‘Gambling Law’ (Bill-2285-D). Tuesday’s industry headlines were dominated by the Verkhovna Rada approving the bill’s second reading 248-to-95, moving to end Ukraine’s 11-year prohibition of all forms of gambling except for lotteries. Observing Rada developments, Dentons CIS has detailed further insights …
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Curacao-based esports bookmaker GG.Bet has become the official global betting partner of pro-esports organisation ESL for Counter-Strike: Global Offensive and Dota 2 tournaments. The arrangement will cover all ESL One and Intel Extreme Masters (IEM) tournaments through the rest of the year, as well as the ESL Pro League Seasons 11 and 12. GG.Bet will provide odds for each tournament …
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The National Lottery has pledged to provide a further £45 million in funding for the UK’s ‘most vulnerable communities’ to help them recover from COVID-19 impacts. Through its ‘Community Fund’, the National Lottery has established a new network which will help it distribute central funds to five partners supporting organisations that work within communities that have been disproportionately impacted by …
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Embattled Spanish gambling group Codere SA has agreed terms on a new ‘refinancing proposal’ with existing bondholders, which will allow the firm to access a further €250 million credit extension. Following weeks of negotiations, Codere has secured the vital liquidity funding to keep its Spanish and South American business units afloat. US bondholders Jupiter AM, Dryden Capital, Invesco and Blackrock …
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