Ted Menmuir, Author at SBC News

Better Collective strengthens US grip by acquiring Vegasinsider and Scoresandodds

July 23, 2019

Industry affiliate Better Collective A/S has advanced its US strategic agenda by acquiring Florida-based Vegasinsider.com and Scoresandodds.com in a $20 million cash transaction. Updating investors, Better Collective said that it has significantly expanded its US portfolio by acquiring two of the most trusted sports betting wagering portals which maintain a legacy of ‘more than 20-years’ experience in offering premium sports picks, content, …

Stanleybet’s Magellan Robotech gets new LATAM commercial lead

July 23, 2019

Magellan Robotech, the B2B virtual games subsidiary of Stanleybet, has moved to strengthen its South American commercial capacity by appointing Antonio Salord as regional sales manager. Salord has formerly acted as Stanleybet Director of Business Development for Peru, and will takeover the strategic commercial development of Magellan Robotech products and services across LATAM territories. Founded in 2014, Magellan Robotech is the fast growth …

Pinnacle backs hot esports prospect NORTH

July 22, 2019

Low-margin bookmaker Pinnacle continues to expand its profile and brand coverage within esports, becoming an official partner of Copenhagen-based esports organisation NORTH (north.gg) Founded in 2017, NORTH is the ‘fast growth’ esports organisation formed by Danish Superliga FC Copenhagen and Nordic entertainment group Nordisk. Since its foundation, NORTH has risen to become one of the leading European esports team ‘consistently …

Spain to outlaw wagering on ‘under 18’ sports

July 22, 2019

Spain’s DGOJ has approved a number of new provisions to its gambling code, enforcing new measures banning licensed operators from offering betting markets on under-18 sanctioned sporting events. Updating the market, the DGOJ states that it wants to form a ‘clear distinction’ between wagering categories, focused on protecting the integrity of sports where the majority of participants are considered minors. …

Winning Post – Irish outlook… Sin tax errors, on both sides!

July 22, 2019

Opening the week, industry strategic consultancy Regulus Partners provides an Irish overview, assessing whether the government can reform its newly sanctioned betting tax scheme by forming a level playing field for its incumbents. ________________ The Irish government is reportedly considering changes to its betting duty regime in light of the evidence of the first six months of doubling the rate …

Richard Flint – Racing is a ‘critical friend’ of betting in tackling its regulatory predicaments

July 22, 2019

Ending his 17-year tenure at Sky Betting & Gaming (Sky Bet), industry figurehead Richard Flint has called for betting and racing leaders to work in partnership, tackling an ‘existential threat’ facing all betting stakeholders. Speaking to the Racing Post, Richard Flint the former Executive Chairman of Sky Bet, warned UK racing leaders not to be complacent in believing that their …

Scotbet handed lifeline by last minute receivership deal

July 22, 2019

Scotbet one of the few remaining independent bookmakers operating in Scotland has detailed that it is fighting for its survival, having been placed into receivership last Friday. The struggling bookmaker blames the UK government’s £2 FOBTs stake reduction, detailing its enforcement as ‘the straw which broke the camel’s back’. Restructuring its operations, Scotbet management has been forced to close 11 …

SportPesa tells stakeholders it has no fear in its Kenyan position

July 22, 2019

Leading Kenyan bookmaker SportPesa has issued a statement to media and its corporate stakeholders underlining that its business will not be ‘shut down’ by Kenya’s current hostile agenda against licensed betting incumbents. A turbulent week saw Kenyan betting grab global business headlines as the Uhuru Kenyatta government instructed a number of national departments to undertake the strictest of enforcements against gambling …

Betsson H1 results disrupted by tough regulatory dynamics

July 19, 2019

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

Jesper Søgaard: Stage 1 – Establishing Better Collective’s US profile

July 19, 2019

Last May, Stockholm-listed Better Collective A/S moved to significantly advance its US profile by acquiring US legacy betting publisher the RotoGrinders network for $21 million. Branded as a transformative deal for Better Collective’s organisation and growth strategy, Chief Executive & Co-Founder Jesper Søgaard details to SBC why his firm is ready to gamble on the US betting market’s undefined agenda …

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