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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Expekt, one of Europe’s oldest online sportsbooks, has confirmed that it will no longer operate its services for the UK. Issuing a player communication, the Betclic Everest Group subsidiary confirms its UK market closure, informing customers that it will ‘suspend its activities for the British market as of 31/10/2019’. The legacy sportsbook will no longer accept UK deposits but will …
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Political debate on how to reform Veikkaus continues, as Finland’s Consumer Ombudsman urges the government to overhaul the gambling monopoly’s operational procedures and governance structures. Speaking to media, Krisi Leivo, Director General of Finland’s KKV Consumer Authority, stated that Veikkaus profits should be directly controlled by the state. Leivo believes that Veikkaus would be a more beneficial state asset if the monopoly …
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US private equity fund Apollo Global Management (Apollo) has this morning confirmed that it has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange. A former Italian gambling subsidiary of Greek gambling group Intralot SPA, in 2018 …
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Following seven failed attempts to sanction an effective tender process, BNDES – Brazil’s national development bank – has confirmed the sale of state-owned instant win games (scratchcard) operator LOTEX to ‘Consórcio Estrela Instantânea’ – a 50/50 joint venture consortium formed by IGT and Scientific Games Corporation (SGC). The IGT-SGC vehicle secures a 15-year concession, having been the only entity to bid …
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Barcelona’s City Council has ruled that it will not permit the opening of any new gambling establishments, arcade, bingo hall or casino, as communicated in a statement sent to Catalunya’s municipal government. Barcelona’s executive states that it will trial its mandate for a period of one year in support of the city’s health networks dealing with addiction, and further underling …
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William Hill has announced the ‘final six’ books and authors that will compete for its ‘Sports Book of the Year’ (SBOTY2019) heritage award, a prize recognised as the most prestigious accolade in English sports literature. The bookmaker’s judging panel, which this year is led by The Times lead football journalist and author Alysson Rudd, has narrowed SBOTY2019’s initial longlist of …
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Stockholm-listed Gaming Innovation Group (GiG) has this afternoon confirmed that it has agreed to acquire a 75% stake in ‘Top Games d.o.o.’ – a Croatian gambling enterprise which maintains a remote gambling permit. Updating investors, GiG governance states that the agreement will allow the company to launch its in-house B2C brands for the Croatian market, in which GiG will move …
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Updating the market, the Malta Gaming Authority (MGA) has amended several provisions of its ‘Gaming Licence Fee Regulations (2018)’ updating conditions and criteria related to its MGA legislative frameworks. Publishing its 2019 amendments, the MGA focuses on the definition of start-up businesses working within its jurisdiction, in which the regulator has expanded the criteria and requirements for incumbents to be …
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Australian ASX gambling group Tabcorp Holdings has announced a major coup for its TAB sportsbook subsidiary, which has become the official Australia broadcast and betting operator for the NBA. Securing a multi-year agreement, TAB is set to broadcast ‘NBA TV’ across its digital platforms and 4,400 retail venues. Confirming the partnership Scott Levy, Executive VP of NBA Asia, said: “Tabcorp’s extensive …
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