Ted Menmuir

Paddy Power Betfair extends loan capacity to £700 million

Issuing a market filing, FTSE100 betting group Paddy Power Betfair (PPB) has confirmed it has added an additional £250 million to its corporate loan facility. Updating investors, PPB governance details that it has expanded its corporate loan facility to gain ‘further strategic financial flexibility’. The firm’s latest transaction will be added to PPB’s existing £450 million five-year revolving credit facility, …

Read More »

SBC Bookies Corner: European Elections – A Strange Affair…

Brexit delays see the UK electorate participate in next Thursday’s European Elections (23 May). With Conservative and Labour parties damaged by their handling of Brexit, does this ‘last UK-EU election’ point towards a new dawn for UK politics? Furthermore, what are the implications of any UK-EU election results – SBC gets the bookies lowdown… ______________ SBC: Both Conservative and Labour …

Read More »

Degree 53 revamps Betfred Lotto dynamics

Industry, design and innovation studio Degree 53 continues its legacy partnership with Betfred, announcing that it has redesigned the ‘Lotto section’ of the Betfred.com website.   In its update, Degree 53 details that it has revamped frontend and backend capabilities with a ‘mobile-first strategy in mind’ delivering a fully responsive experience across web, tablet and mobile devices. Product upgrades see …

Read More »

Blackstone eyes ‘IPO on the horizon’ for CIRSA

A year following its €2 billion acquisition of Grupo CIRSA, US private equity fund Blackstone Group, is reported to be assessing ‘future options’ for the Spanish market gambling group. Spanish business news source Economia Digital, reports that Blackstone eyes an ‘IPO on the horizon’ for its CIRSA vehicle. Blackstone, which maintains one of gambling’s biggest investment portfolios, is reported to …

Read More »

Luckbox rolls out beta testing

Luckbox, an enterprise seeking to disrupt and lead esports wagering outright, has announced the rollout of its ‘beta phase’ platform, taking onboard its first real money players. More than a year in development, Luckbox opens its betting platform to a set number of players, who will test the firm’s wagering capacities. In its product notes, Luckbox details that its aims …

Read More »

Codere places responsibility at the forefront of Real Madrid renewal  

Issuing a market update, Spanish gambling firm Grupo Codere SA informs that it will continue to serve as ‘official betting partner’ of Real Madrid FC until the end of the 2020/21 European football season. Bolsa Madrid gambling group Codere has served as Real Madrid betting partner since 2016, representing Codere’s biggest marketing commitment. The Spanish betting group has previously used …

Read More »

Rey del Valle replaces Richard Santiago as GAN CFO

London-listed GAN Plc, a specialist supplier of online gambling software solutions for the US market, has confirmed the departure of Richard Santiago as Chief Financial Officer and Executive Director. Santiago departs GAN executive team to pursue opportunities ‘unrelated to the global gambling sector’. The company has informed that Santiago will be replaced as CFO by Rey del Valle, a seasoned …

Read More »

Jack Davison: Genius Sports – Betgenius & Football DataCo partnership benefits all football stakeholders

Last week, Genius Sports subsidiary Betgenius announced its biggest and most important commercial agreement to date, becoming the ‘exclusive live data supplier’ of Football DataCo servicing the global betting industry. Valued as one of the most important data contracts in sport, starting season 2019/2020 Betgenius will supply entire data provisions for the Premier League (EPL), English Football League (EFL) and Scottish Professional Football League …

Read More »

EPIC forms ‘big collaboration’ with Whysup on harm prevention

Independent gambling harm and minimisation consultancy EPIC Risk Management has teamed up with Whysup to support the ongoing efforts of the UK Gambling Commission’s (UKGC) ‘National Strategy’ on gambling harm reductions. Updating the media, EPIC and Whysup have formed a shared collaborative approach to combat and reduce gambling-related harms at a national level, helping regulatory stakeholders. The strategic partnership is formed, …

Read More »

Codere refreshes legacy brand to reflect new global identity

Spanish legacy gambling operator Grupo Codere SA has rebranded its entire corporate identity, seeking to reflect the firm’s ongoing transition as a global gambling enterprise. Last week, Group Chief Executive Vicente Di Loreto presented Codere’s new corporate logo and tagline ‘Contigo Cambiamos el Juego’ – ‘We Change the Game with You’. Updating stakeholders and the media, Di Loreto detailed that an …

Read More »