Ted Menmuir

SportPesa faces €120m Kenyan tax showdown

East African betting group SportPesa faces turbulent times in its home market of Kenya, as the Kenyan Revenue Authority (KRA) demands that the company pays back its KSH multi-billion tax arrears. In 2018, the KRA filed a KSH 10.3 billion (€80m) demand against ‘Pevans East Africa‘ the holding company of SportPesa Kenya, stating that the bookmaker had purposely withheld taxes …

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Women in Racing joins The All-in Diversity Project

Industry workplace diversity, inclusion and equality program ‘The All-in Diversity Project’ (All-in) has strengthened its reach and profile within UK horseracing, announcing ‘Women in Racing’ as its latest strategic partner. An independent organisation with over 200 members, Women in Racing’s seeks to promote female representation and participation within all levels of horseracing. Furthermore, the organisation campaigns to encourages leadership across …

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Inspired appoints Steve Beason as group technology lead

Issuing a market update, Nasdaq-listed industry virtual content supplier Inspired Entertainment has confirmed the appointment of Steve Beason as its new Group Chief Technology Officer (CTO) with immediate effect. Beason has formerly served as an independent consultant to Inspired Entertainment since 2018, advising the group on technology projects and innovation strategies. A seasoned industry executive, Beason is the former Chief …

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SIS ups LATAM coverage securing Caliente MX partnership

Racing content and data provider Sports Information Services (SIS) continues to advance its international profile, announcing that it will supply its ‘Greyhound Channel’ to  Caliente, Mexico’s biggest bookmaker. The partnership sees SIS significantly bolster its LATAM coverage, as SIS will broadcast its Greyhound Channel (in Spanish) across Caliente’s entire Mexican retail network. In addition, SIS will work with Caliente, on …

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Rafi Ashkenazi – Bold FOX JV is the ideal platform for US domination

Hosting a special conference call, Rafi Ashkenazi Chief Executive of The Stars Group Inc, has detailed further insights and arrangements related to the firm’s announced joint venture ‘FOX Bet’, partnering with US national broadcaster FOX. Securing a 25-year commercial agreement, the Stars Group will act as lead sports betting and igaming services provider for the FOX Corporation. “This partnership gives …

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CIRSA completes €390 million bond placement eyeing future investments

Spanish gambling firm Grupo CIRSA has confirmed that it has secured a €390 million bond placement with private investors. Issuing a market filing, CIRSA majority owned by US private equity firm Blackstone, confirms that 120 institutional investors have backed its bond arrangement, which maintains a 4.75% annual interest rate, with debt maturity triggered in 2025. In its update, CIRSA governance …

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Kindred Group recognised as Top-30 UK employer

‘Best Workplaces’ a UK index measuring employer and employee wellbeing have named industry incumbent Kindred Group Plc as one of the ‘top 30 workplaces’. The Stockholm-listed enterprise has ranked as a top UK workplace, as a large company employing 250-to-1000 staff members. In its review, Best Workplaces described Kindred as maintaining ‘a great working environment’ for its ‘diverse workforce’, with …

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SuperBet Romania secures £175 million Blackstone backing

US private equity fund Blackstone Group LLP continues to expand its European gambling investment portfolio, confirming that it has invested €175 million in Romania and CIS market bookmaker SuperBet. The transactions sees the US PE firm secure a minority stake in SuperBet, Romania’s largest sports betting operator, through its strategic vehicle ‘Blackstone Tactical Opportunities’. Founded in 2008 by industry investor …

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Spelinspektionen strengthens Gibraltar ties with GGD collaboration

Spelinspektionen, Sweden’s newly reformed gambling regulatory body, has signed a memorandum-of-understanding (MoU) with the Gibraltar Gambling Division (GGD), seeking to cooperate in matters of public policy and further forming common interests. The GGD is a strategic unit of Gibraltar’s Ministry of Commerce, which details guidance on governing the British overseas territory’s vital igaming sector. Moving forward, Spelinspektionen and the GGD will …

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Genius Sports wins ‘game changing’ Football DataCo betting contract

Genius Sports Group betting subsidiary Betgenius has secured its biggest data contract to date, having been appointed as the ‘exclusive live data supplier’ for the English Premier League (EPL), English Football League (EFL) and Scottish Professional Football League (SPFL) to the global sports betting industry. Commencing season 2019/2020, Betgenius will act as the ‘official supplier of live data’ for sports betting …

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