The European Commission has confirmed this week that it will investigate German state regulatory frameworks attached to land-based casino taxation policy to assess whether certain tax grants favour state-owned operators. Confirming its investigation, the EC details that it has received several complaints branding Bundesland (German state) tax grants and guarantees offered to ‘public casinos’ as forms of state aid, breaching …
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For the first time that I can recall, all four major UK political parties have featured gambling reform within their respective General Election manifestos. As a result, it’s clear that, regardless of the outcome of Thursday’s voting, the industry’s regulatory landscape will experience some fundamental change in the not too distant future. Online is the clearly declared focus but the …
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Peter Nolte, Chief Executive of Patagonia Entertainment, has told SBCNoticias that the bespoke supplier of industry B2B systems and platforms will move to significantly expand its operations in Peru, meeting increased LatAm wagering demands. Expanding its operational capacity beyond its home market of Uruguay, “Patagonia will open an office in Peru during the first quarter of 2020,” he detailed, following a ‘year of …
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Esports wagering platform Luckbox has announced the launch of further player engagement functionalities with lead esports data partner Abios. New platform developments see Luckbox launch a new ‘stats widget’ powered by Abios, allowing Luckbox players to view esports team performance and stats over the past twelve months. Abios stats will be displayed as a percentage to give players more information …
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FTSE gambling group GVC Holdings has bolstered its corporate governance capacity, confirming the appointment of Jette Nygaard-Andersen as an Independent Non-Executive Director with immediate effect. A 20-year executive in media, entertainment and digital enterprise, Nygaard-Andersen is the former VP and Chief Executive of Stockholm-listed media conglomerate Modern Times Group’s EMEA division. Recognised as one of Scandinavian businesses top digital executives, …
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Stockholm-listed Betsson AB has acquired a 75% majority shareholding in Brazilian racing operator Suaposta, securing an early foothold in Brazil ahead of an anticipated regulated market opening. Betsson management has confirmed its investment in Suaposta, but as yet has chosen not to disclose any deal terms or conditions. Operating in partnership with Porto Alegre’s ‘Rio Grande do Sul Jockey Club’, Suaposta …
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Just one day of campaign shenanigans remains as the UK electorate heads for General Election 2019 polls on Thursday 12 December. How confident are bookmakers of their market readings, as polls and punters anticipate a Conservative majority outcome, or will Britain be hung out to dry on its Brexit election… SBC gets the bookies lowdown.! _______________ SBC: Entering the final …
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Closing 2019 trading, IMG Arena confirms that it has secured a long-term partnership to distribute Scottish Professional Football League (SPFL) content to the global betting market. Agreeing terms on a five-year arrangement, IMG Arena will act as lead distributor of SPFL ‘live stream broadcasts’, and will maintain production set-ups for certain SPFL matches. The distribution will encompass Ladbrokes Premiership matches including the …
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Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement, Novomatic confirms that it has reached a binding agreement with SAZKA dependent on regulatory approvals. The transaction will see SAZKA increase its shareholding in Casinos Austria to 55% (formerly 38%), after securing majority investment rights in the leading …
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French national lottery operator Francaise des Jeux (FDJ) has confirmed a major corporate initiative after becoming an official partner of the Paris 2024 Olympic and Paralympic Games. Continuing its investment in French sports development, FDJ will join the Paris 2024 organising committee. It has become a key stakeholder in the funding, planning and promoting of the biggest ever global sports …
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