Closing Monday 26 August trading, Bolsa Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations. Codere cannot escape Argentina’s economic volatility caused by the nation’s shock primary election results as voters turned against President Mauricio Macri’s government, backing the ‘Frente de Todos’ Peronist coalition. The …
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On Monday 26 August, Paul Gauselmann – founder of German gaming machines conglomerate Gauselmann Group (Merkur Gaming) – celebrated his 85th birthday and six decades working in the gambling sector. The industry figurehead, referred to in Germany as ‘the Pope of the amusement business’, is recognised as one of the top German post-war industrialists, having grown Gauselmann into the lead supplier of …
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French betting group Betclic has courted controversy after launching its new Portuguese advertising campaign ‘Censurado – (Censored)’ featuring popular comedian António Raminhos. The integrated campaign, which features the slogan ‘The ad that TV could not approve’, sees Raminhos ‘bleeped out’ on TV formats as he tries to explain the benefits of wagering on Betclic against Placard– the digital property of Portuguese …
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Isle of Man-based law firm MannBenham has announced the formation of a new igaming-specific legal advisory, offering counsel on the changing dynamics impacting the global gambling sector. The advisory has been developed by MannBenham to offer legal advice on new disciplines such as blockchain and cryptocurrencies, alongside further guidance on changing compliance directives impacting all industry stakeholders. In its statement, …
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London start-up ‘Wager’ will become the latest incumbent to tackle betting’s ‘social wagering conundrum’ after launching its propitiatory product on the Apple App Store. The enterprise founded by Oxford University graduates Leo Barnes and Elliot Robinson seeks to move wagering away from traditional bookmaker markets by tapping into betting’s ‘growing social trends’. Launching its app, Wager believes that it has …
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Betfair has advanced its LATAM profile after confirming that it has become an ‘Official Partner’ of CONMEBOL – the governing body of South American football. The partnership, which will extend until December 2022, will see the Betfair brand displayed across CONMEBOL’s flagship Copa Libertadores and Sudamericana tournaments, South America’s most prestigious club competitions. Betfair Brand Director Stephen Mault said: “We are delighted to be …
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Leading Polish bookmaker STS Gaming Group has moved to enhance its interactive gaming capacities, integrating the full portfolio of live studio games supplier BetGamesTV across its digital portfolio. The interactive gaming partnership has launched on of the STS.pl platform, with the bookmaker confirming that BetGames.TV portfolio will be imminently made available on STS’ mobile inventory. Confirming the partnership, STS management …
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Kenneth Alexander, Group Chief Executive of FTSE gambling group GVC Holdings, has underlined his long-term commitment to the company by purchasing £5 million worth of shares. GVC’s leader confirmed that he had acquired 833,000 shares at a purchase price of 588.17p – the transaction sees Alexander increase his total shareholding in the firm to approximately 2.5 million shares. Issuing a …
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Spanish business news sources report that Bolsa Madrid gambling group Codere SA has signed a joint-venture agreement with Hard Rock International, which will see both companies develop new gaming properties within Mexico. The joint-venture will begin with Codere and Hard Rock establishing a new ‘tourist complex’ valued at $1 billion, which will see the US leisure and entertainment group develop …
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Swedish gambling regulator Spelinspektionen has sanctioned a further raft of fines and warnings to licensed operators for breaching its rules on offering ‘under-18’ betting markets. Publishing its latest industry update, Spelinspektionen has fined four licensed incumbents – ComeOn Sweden, Hajper Ltd, Legolas Invest and Faster Ltd – for offering ‘betting on events where the majority of participants are under 18 years of …
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