Ted Menmuir

Gamban blocks user access to trading platforms

Gamban has updated its self-exclusion system to block user engagements and access with FX, crypto and currency trading platforms. Updating stakeholders, Gamban disclosed that it had added CFDs cryptocurrency exchanges, binary options, forex trading platforms to its list of blocked websites. The changes are set to be introduced from 1 August and follow an assessment by Gamban that noted a …

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Richard Hayler: IBAS – The Ombudsman from abstract concept to a workable reality

Industry leadership, MPs and wider stakeholders are all in agreement that UK gambling requires a sector-specific ombudsman to rectify consumer concerns and reputation. Betting dispute and settlement expert Richard Hayler Managing Director of IBAS, underlines that the creation of an ombudsman will be no easy undertaking for participants who must understand and accommodate the intricacies of gambling products, practices and …

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Gambling.com sets initial Nasdaq IPO pricing

Gambling.com Group Limited has announced the pricing of its initial public offering of 5,250,000 ordinary shares offered by the company at $8 per ordinary share. The underwriters of the offering will also have a 30-day option to purchase up to an additional 787,500 ordinary shares from Gambling.com at the initial public offering price, less underwriting discounts, and commissions. The company noted …

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Kambi rides high from all market comeback

Sports betting technology provider Kambi Group Plc has underlined its continued commercial momentum, securing Q2 revenues of €42.8 million, an operator trading margin of 9.3% and a net cash position of €84.5 million. Publishing its Q2 and H1 2021 interim results (period ending 30 June), Kambi generated period revenues of €86 million, up 102% on 2020 interim results of €43 …

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Kindred lauds product excellence as uninterrupted H1 delivers record results 

Kindred Group Plc has registered record gains across its H1 metrics, following an ‘exceptionally strong business period’.  Publishing its H1 2021 interim results (period ending 30 June), the Stockholm listed online gambling group declared period profits of £160 million – up 575% on 2020’s corresponding H1 results of £27.8 million. Though performance comparatives were set against the peak COVID-19 impacts …

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William Hill rides as title sponsor of Racing League  

William Hill has become the title sponsor of the inaugural ‘Racing League’ – UK horse racing’s first team-based competition which aims to revive public interest in the heritage sports.     Beginning on Thursday 29 July at Newcastle Racecourse, the Racing League will feature 12 teams riding in 36 handicap races, with the competition taking place over a six-week period. Competition organiser …

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ANJ issues yellow card on Euro 2020 advertising failures

France’s licensed operators have been warned by the L’Autorité Nationale des Jeux (ANJ) of ‘crossing the line on betting advertising volumes’ during this summer’s UEFA Euro 2020 championship. The rebuke follows a review carried out by ANJ of operator advertising campaigns during the football tournament, in which France’s regulatory agency had previously warned incumbents of upholding their marketing duties back …

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DCMS secures +30,000-strong response to loot box consultation

DCMS has revealed that it has received over 30,000 responses to its call for evidence on how loot boxes should be regulated.  The request for stakeholder guidance was launched last September on behalf of a Select Committee examining ‘Immersive and Addictive Technologies’. DCMS had formally pledged that it would introduce initial laws and standards on loot box rewards and incentives, …

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EGBA cites industry progress on safer gambling duties

The European Gaming and Betting Association (EGBA) has reported that its members are “significantly stepping up their safer gambling efforts” towards their customers, including the greater deployment of tools and increased communications to promote safer gambling. The comments come in the group’s Sustainability Report 2020/21, which aims to support accountability, transparency and reinforce a strong culture of safer gambling in Europe’s online …

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Betsson delivers record earnings results as leadership targets dominance of new markets

Betsson AB has lauded its capacity to match operational scale demands, after the online gambling group posted record-breaking Q2 2021 earnings of SEK 472 million (€46m). Publishing its interim 2021 trading results (period ending 30 June), Betsson recorded Q2 group revenues to SEK 1.75 billion (€175m) – up 14% on corresponding 2020 results of SEK 1.53 billion. Q2 trading’s results …

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