Ted Menmuir

Chris Murphy: Americas Outlook – No drama just business as US systems are go

SBC News Chris Murphy: Americas Outlook – No drama just business as US systems are go

As US betting approaches the final straight of its first full year in operations,  SBC Americas’ Editor Chris Murphy details that coast-to-coast all critical stakeholders appear to be playing their part in progressing US betting’s agenda –  ‘No drama, just business’ the US really is a new territory for gambling… ___________________ With G2E deals still fresh on the order pad …

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Valencia moves to revamp its autonomous gambling code

SBC News Valencia moves to revamp its autonomous gambling code

Valencia becomes the latest Spanish autonomous region to update its laws governing gambling establishments operating within its municipality. Concluding its plenary session, Valencia’s municipal government ‘Generalitat Valenciana‘ confirmed that it had given approval to drafting the ‘Ley del Juego’ bill, moving to establish measures preventing minors from accessing gambling halls and implementing further support programs tackling problem gambling. In its …

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Tabcorp governance survives investor AGM backlash

SBC News Tabcorp governance survives investor AGM backlash

Tabcorp Holdings governance has survived a bruising annual general meeting (AGM), in which the firm’s corporate governance and executive leadership were questioned by frustrated investors of the ASX-listed gambling group. AGM voting saw 35% of Tabcorp shareholders oppose the re-election of Paula Dwyer as corporate chairman, extending her tenure for a further two-years. Further investor upheaval saw 37% of Tabcorp …

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Betclic Everest waves adieu to the UK

SBC News Betclic Everest waves adieu to the UK

French online gambling group Betclic Everest has confirmed that it has withdrawn its entire UK market presence. Last week, Betclic Everest brands – Betclic, Everest Gaming and Expekt – issued communications to players and marketing partners confirming their UK market withdrawal effective from 31 October. Post the withdrawal date, Betclic Everest brands will allow limited access to ‘My Account’ areas, allowing …

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UKGC publishes ‘Marketing Workshop’ knowledge findings

Sarah Garnder: UKGC consultation conclusions due this summer

The UK Gambling Commission (UKGC) has published the findings and recommendations of its first ‘Co-creation Workshop’, an event in which industry marketing stakeholders shared their knowledge and experience in adjusting to the UK’s new advertising standards. Hosted on 12 September, the UKGC Workshop heard feedback from marketing leaders with regards to complying with new UK advertising requirements related to promotions, …

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Home market adjustments impact Kindred’s YTD profits

SBC News Home market adjustments impact Kindred's YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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Italy’s new coalition hikes taxes again on machine revenues

SBC News Italy's new coalition hikes taxes again on machine revenues

No respite will be offered to Italian gambling incumbents, as the newly installed 5Star-DP coalition government confirms the fourth set of tax hikes on gaming machines sanctioned over the past year. Inbound with 5Star-DP’s first ‘Budget Law’ decree, Italian gambling faces an increase in video lottery terminals (VLT) turnover tax to 9% – formerly set at 7.9%. Meanwhile, arcade operators …

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Greece shows no movement on 35% GGR tax rate

SBC News Greece shows no movement on 35% GGR tax rate

Seeking to reform its online gambling marketplace, the Greek government maintains that it will stand by its contested 35% tax charge on gross gambling revenues (GGR). At the start of October, the Greek government approved a series of reforms updating the nation’s gambling frameworks with regards to licensing and taxation. Controversially, the Greek government retained its 35% GGR tax charge but …

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Tipico boosts retail exprience with Bettorlogic content

SBC News Tipico boosts retail exprience with Bettorlogic content

Leading DACH-region bookmaker Tipico Sportwetten will enhance its betting shop engagement and all-round customer experience by utilising Bettorlogic content and analytics solutions. Securing a new partnership, Tipico will deploy Bettorlogic’s extensive betting content service across its entire German and Austrian retail portfolio. The agreement will see Tipico’s 1,200 betting shops upgraded with Bettorlogic’s comprehensive range of live updates and further …

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Tax burden weighs heavy on Betsson Q3 trading

SBC News Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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