Ted Menmuir

Bayern Munich executive Jörg Wacker criticises Interstate Treaty’s ‘false protections’

SBC News Bayern Munich executive Jörg Wacker criticises Interstate Treaty’s 'false protections'

FC Bayern Munich board member Jörg Wacker has become the latest German sports and business figurehead to criticise the online betting restrictions of the nation’s ‘Fourth Interstate Treaty on Gambling’ inbound for 2021. Despite Lander (state) consensus being reached on eliminating restrictions on online casino products, Germany’s Bundesrat (Federal Council) maintains controversial requirements attached to sports betting, restricting monthly player …

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Spanish joint-proposal seeks to revamp Quiniela coupons with a female touch

SBC News Spanish joint-proposal seeks to revamp Quiniela coupons with a female touch

Spain’s Professional Footballers Association (AFE) is working with centre-right political party ‘Ciudadanos’ (Citizens) to revamp Spanish football’s  ‘Quiniela’ (pools) by enhancing coupons featuring women’s football matches. The collaboration aims to present Congress with a draft proposal which will introduce Liga Futbol Femenino (LFF) ‘Primera Iberdrola’ matches, Spain’s top tier of women’s’ professional football, to Quiniela matchday coupons. The joint proposal …

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Coronavirus disruptions see AGBrief postpone ASEAN Summit

SBC News Coronavirus disruptions see AGBrief postpone ASEAN Summit

Issuing a corporate statement, Asian gambling B2B publisher AGBrief has moved to postpone its flagship ‘ASEAN Gaming Summit’ (17-19 March 2020) citing the travel disruptions and potential health risks of the coronavirus outbreak. Updating delegates and partners, AGBrief informs that its ASEAN summit has been rescheduled to the dates 28-30 July 2020, maintaining the venue of Shangri La At-The-Fort in Manila …

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Everton cuts ties with SportPesa

SBC News Everton cuts ties with SportPesa

Premier League football club Everton FC has issued a statement confirming that it has mutually ended its shirt sponsorship with Kenyan online betting group SportPesa. On Sunday night, Everton management announced that by mutual consent SportPesa would not fulfil its five-year principal shirt sponsorship agreement, secured in May 2017 as a club-record deal for The Toffees. In its statement, Everton …

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Paysafe hires former Barclays UK platform lead Sujit Unni as new CTO

SBC News Paysafe hires former Barclays UK platform lead Sujit Unni as new CTO

Online payments group Paysafe has confirmed the appointment of Sujit Unni as Group Chief Technology Officer (CTO), leading the firm’s product cycles, payment networks and innovation frameworks. A key leadership hire for Paysafe’s corporate strategy, Unni joins Paysafe from Barclays UK, where he served as a Managing Director overseeing the development of the firm’s retail and business lending platforms. Updating …

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Tough closing period weighs heavy on LeoVegas 2019 results

Gustaf Hagman, LeoVegas CEO

LeoVegas AB has detailed a tough closing period to 2019 trading, in which significant Q4 exceptional costs have impacted the firm’s full-year performance. Updating investors, the operator explained that it has booked €6 million attributed to restructuring costs, on top of a €10 million Royal Panda impairment charge. The expenses see LeoVegas post Q4 2019 operating losses of €2.5 million …

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GiG divests B2C arm to Betsson AB for €31 million

SBC News GiG divests B2C arm to Betsson AB for €31 million

Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has disclosed that it will divest its entire B2C unit to Betsson AB. The company confirmed that it has agreed terms on a share purchase agreement worth €31 million, consisting of a €22.3 million cash payment for the assets on top of a further  €8.7 million prepaid platform fee. …

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AgiproNews Italian View – Dignity Decree’s blanket ban shows no effectiveness

SBC News AgiproNews Italian View – Dignity Decree's blanket ban shows no effectiveness

Italian betting leaders attending the ICE2020 London conference detailed their frustrations as Italy’s new coalition government continues to enforce a blanket ban on gambling advertising sanctioned by the former administration’s Dignity Decree mandate. Prior to the conference, online gambling trade body LOGiCO bluntly stated that the Decree had failed in its core objectives of reducing Italian gambling spend and safeguarding …

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Oliver Dowden takes charge of DCMS

SBC News Oliver Dowden takes charge of DCMS

An afternoon of frantic Downing Street movements has seen Oliver Dowden (MP for Hertsmere Hertfordshire) promoted to the senior position of Secretary of State for Department of Digital, Culture, Media and Sport (DCMS). Dowden replaces Baroness Nicky Morgan as DCMS leader, who stood down as a Conservative MP last December after choosing not to contest her constituency seat in the …

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FDJ ups corporate guidance in preparation for action packed 2020

SBC News FDJ ups corporate guidance in preparation for action packed 2020

French lottery operator Française des Jeux (FDJ) has declared a ‘landmark year’ after publishing its first set of corporate results as a Paris Euronext Exchange enterprise. Citing growth across ‘all lottery verticals’, FDJ recorded a 9% increase in stakes to €17.2bn (FY2018: €15.8bn). FDJ said that it is now operating its largest point-of-sale network with a capacity of +30,000, leading …

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