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Playtech points to ‘strong core’ as TradeTech struggles

SBC News Playtech points to 'strong core' as TradeTech struggles

Publishing its latest year-to-date trading update, the governance of Playtech Plc has disclosed that full-year adjusted EBITDA will be below market consensus, despite the firm’s ‘core business’ segments continuing to perform strongly. The FTSE250 technology group attributes its earnings slowdown to financial unit ‘TradeTech’, which expects 2019 results to be ‘well below management expectations’. Updating investors, Playtech governance informs that …

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EveryMatrix develops games capacity by investing in Spearhead Studios

SBC News EveryMatrix develops games capacity by investing in Spearhead Studios

Industry platform and software provider EveryMatrix has expanded its services into games development by investing in Marbella-based games developer Spearhead Studios. Recently acquired from Gaming Innovation Group and led by the firm’s former managing director Mathias Larsson, the team’s previously created Book of Souls enjoyed over twenty million game rounds in the first ten months post-launch. Plans for the future include finishing multiple video slots projects …

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Labour manifesto seeks to rebalance gambling & football

SBC News Labour manifesto seeks to rebalance gambling & football

Publishing its party manifesto today, Labour confirms that it will sanction for a new ‘Gambling Act’, should it win the UK General Election on 12 December. Presenting the ’Real Change manifesto’, party leader Jeremy Corbyn stated that a new Gambling Act was required to overhaul betting advertising, making UK gambling legislation ‘fit for the digital age’. Beyond advertising, a new …

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Scout Gaming appoints ‘IT Pro’ Terje Bølstad as new COO

SBC News Scout Gaming appoints 'IT Pro' Terje Bølstad as new COO

Issuing a corporate update, Stockholm-listed B2B fantasy sports network Scout Gaming AB has confirmed the appointment of Terje Bølstad as new Chief Operations Officer (COO). Bølstad joins Scout Gaming’s executive leadership team from Norwegian workforce systems supplier Experis Group, where he formerly served as a regional IT Lead (2017-2019). The executive holds extensive experience in tech product management and leading …

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Ninja collapse sees Global Gaming move to redefine business

SBC News Ninja collapse sees Global Gaming move to redefine business

Publishing its Q3 trading statement, Embattled Global Gaming AB records period operating losses of SEK 40 million (€3.7m), as the Stockholm-listed enterprise continues to suffer from the consequences of its home licence revoke by regulator Spelinspektionen. Recording declines across all core metrics, Global Gaming sees its Q3 corporate revenues fall by 78% to SEK 60 million (Q32018: SEK253m), as year-to-date …

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William Hill US expands Vegas profile by acquiring CG Technology sportsbooks

SBC News William Hill US expands Vegas profile by acquiring CG Technology sportsbooks

Further to publishing its Q3 trading statement this morning, FTSE bookmaker William Hill confirms that its ‘US division’ will expand its Las Vegas footprint by acquiring the sportsbook assets of CG Technology. CG Technology has operated Nevada-based sportsbooks since 2009, establishing six luxury wagering premises in The Venetian, The Palazzo, The Cosmopolitan, Palms Resort, the Tropicana and Silverton Casino. Furthermore, …

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Bengtsson posts solid start as William Hill’s new leader

SBC News Bengtsson posts solid start as William Hill's new leader

The governance of FTSE bookmaker William Hill Plc has expressed confidence in the firm’s performance and future prospects, as group trading maintains full-year expectations. Publishing William Hill ‘unaudited’ results for the 17-week period up to 29 October 2019, it confirmed that group net revenues were 1% up on 2018 comparatives. Absorbing the assets of Mr Green, William Hill online net …

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Strong Q3 US trading sees Gambling.com edge ahead

SBC News Strong Q3 US trading sees Gambling.com edge ahead

Gambling.com Group Plc has recorded a slower period of growth for Q3 2019, with revenues up 2% to 4.16m euros, but the firm is still 22% ahead of 2018 for the first three quarters. The digital marketing firm reported New Depositing Customers (NDCs) for the period increased by 4% to 18,411 however adjusted EBITDA (excluding non-recurring costs) dropped to 610,000 euros …

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DGOJ reduces red-tape for Spanish tech incumbents

SBC News DGOJ reduces red-tape for Spanish tech incumbents

The DGOJ, Spain’s regulatory authority for gambling, has streamlined its approval procedures for technical and operational changes to reduce administrative burdens placed on regulated market incumbents’ tech and product development. Updating the market, the DGOJ confirms that it has reorganised its ‘approval procedure’ attached to the modifications of games, platforms and data centres, which will no longer require authorisation by …

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Barley Laing: Melissa – Betting… It’s time to embrace biometrics

SBC News Barley Laing: Melissa – Betting… It’s time to embrace biometrics

Barley Laing UK MD of Melissa Data Corp, details to SBC audiences that biometric technologies may become the betting’s industry’s remedy, following a year of tough compliance adjustments related to KYC, verification and customer duty enforcements… __________________ In the internet age, consumers demand a fast onboarding experience when signing up to a new service, otherwise, they will head elsewhere. This …

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