Issuing a market filing, London AIM-listed Nektan Plc has confirmed that it has disposed of its UK B2C unit, offloading the asset to Grace Media for £200,000. News of the transaction follows a Tuesday update by Nektan governance confirming that the appointment of Mark Phillips and Julie Swan of PCR London as joint administrators of the B2C unit. Grace Media …
Read More »
Spain has broken its 10-month political deadlock after acting Prime Minister Pedro Sanchez secured a narrow vote of confidence, allowing the embattled PSOE party to form a ‘socialist coalition’ with minority partner Podemos. Hosting Spain’s second parliamentary vote in four days, yesterday Sanchez squeaked the minimum 167 votes (165 against) needed to form a new government, as Basque MPs joined …
Read More »
Seeking to boost its US market profile and coverage, Stockholm-listed Catena Media confirms that it has entered a strategic arrangement with ‘i15Media’, the media investment vehicle established by Chris Grove and Kendall Saville. Updating the market, Catena governance confirms that it has completed its buyout of i15Media US assets, initially triggered in December 2016. Further to the earn-out, Catena governance …
Read More »
London-listed enterprise 888 Holdings is confident of delivering on its full-year 2019 earnings expectations after closing the year with revenues at an “all time high” for December trading. 888’s strong H2 performance was ‘underpinned by the continued success of the Group’s Orbit casino platform’ which was launched across a number of regulated markets. It also sustained improved revenues across its sport betting …
Read More »
Olga Sanchez Cordero, Secretary of Governance of Mexico (SEGOB), has disclosed that Leonel Cota Montaño has been appointed as the Secretary-General of gambling supervisory department ‘Dirección General de Juegos y Sorteos’ (Games & Lotteries Mexico). A Labour Party (PT) political veteran, Cota Montaño is the former governor of the state of Baja California Sur (1999-2005) and will take leadership of …
Read More »
Bolsa Madrid gambling group Codere SA will maintain its Panamanian horseracing capacity having negotiated a ‘happy arrangement’ with Panama’s Equestrian Guild to resolve a dispute on prize funding. Conducting negotiations with Panama’s government, Codere has agreed to pay half of the $8 million prize fund of 2020 schedule, a sum desired by the Equestrian Guild meeting the expectations of its …
Read More »
Despite failing to secure a parliamentary majority, the agreed ‘socialist coalition’ of PSOE and Podemos (minority partner) have confirmed that Alberto Garzon Espinosa will be appointed as Minister of Consumer Affairs to oversee Spain’s gambling regulatory development. On Sunday, Spain’s parliamentary vote saw PSOE leader Pedro Sanchez fail once more in his attempt to secure a governing majority despite Catalan …
Read More »
Sports betting technology supplier FSB has issued a corporate statement on the website of white label sportsbook Black Type (BlackType.bet), confirming that the racing specialist bookmaker has entered administration and will ‘wind down all business affairs’. Black Type management’s decision has forced FSB to take control of the sportsbook to protect all customer funds and honour all open wagers. “We …
Read More »
Ardalan Shekarabi, Sweden’s Minister of Social Security, has told national media that the government is ready to publish ‘stage two’ of its regulatory approach on gambling, focusing on enforcing tougher advertising and marketing restrictions upon licensed incumbents. Recognised as one of the highest-profile MPs within the governing Socialdemokraterna (social democrats) party, Shekarabi is the former Minister of Civil Affairs, who …
Read More »
Stockholm-listed LeoVegas AB has continued to restructure its marketing leadership, after confirming the appointment of Johan Rikner as new Digital Marketing Director. Detailed as a key leadership appointment for 2020 directives to Swedish business news source Resume.se, Rikner is the former founder of Nordic native and press advertising publisher Nyheter365 (‘News365’) – a business acquired by Stockholm marketing group Mediaplanet in …
Read More »
SBC News Voice of the Sports Betting Industry