Ted Menmuir

Betsson adds €75m bond to M&A war chest

Betsson

Betsson AB has bolstered its M&A options by completing a senior unsecured bond issuance of €75m. The €75m bond is authorised under a larger framework, which provides Betsson access to capital of up to €250m. The transaction is set at a three-year tenor, with the bond’s maturity date scheduled for September 2026. The interest rate is based on EURIBOR for …

Read More »

Rhodes answers light touch and risk assessment misconceptions 

SBC News Rhodes answers light touch and risk assessment misconceptions 

The UK Gambling Commission (UKGC) has posted a personal response from CEO Andrew Rhodes regarding “misunderstandings around financial risk checks and what they really mean”. In a blog and video posted on the Commission’s website, Rhodes seeks to answer important questions and clarify the most frequent misconceptions related to financial risk checks. Having initiated the consultation phase of the gambling …

Read More »

Playtech tax punch impacts stellar H1 trading

SBC News Playtech tax punch impacts stellar H1 trading

Playtech Plc has reaffirmed all financial year targets as group trading outperforms all corporate expectations, despite operating profits being dragged by tax impairments.  Posting its Interim 2023 results, Playtech declared a record H1 2023 performance with Adjusted EBITDA increasing by 10% to €219.9m (H1 2022: 199.1m) and total group revenue up by 8% to €859.6m (€792.3m). However, period trading saw …

Read More »

EEG promotes Villani to CFO for reogranisation 

SBC News EEG promotes Villani to CFO for reogranisation 

Esports Entertainment Group Inc (EEG) has confirmed the promotion of Michael Villani to Chief Financial Officer (CFO), effective from 29 August. Villani served as the interim CFO of EEG following the departure of Damian Mathews in January. Prior to this interim appointment, Villani had served as the financial controller for the Nasdaq-listed firm. EEG highlighted Villani’s credentials, noting his nine-year …

Read More »

GGL hosts State Coordinators on GlüNeuRStv protections

GGL

Gluecksspiel (GGL), the Federal Authority of German Gambling, will host its first “joint exchange meeting of state coordinators” in Halle. The meeting will convene representatives from Germany’s 16 Federal States (Bundesländer). They will share their specific experiences and challenges in prevention work in the online gambling sector since the inception of the Fourth Interstate Gambling regime (GlüNeuRStv) on 1 July …

Read More »

Kazakh President wants ‘concrete plans’ to curb gambling addiction 

SBC News Kazakh President wants ‘concrete plans’ to curb gambling addiction 

Kassym-Jomart Tokayev, President of Kazakhstan, has ordered government departments to draft plans on imposing new gambling restrictions.  Astana news sources report that President Tokayev has highlighted the dangers of gambling addiction to department leaders at a Security Council meeting. According to Tokayev, “gambling addiction has increased over recent years and has affected many families in the country”. He pointed specifically …

Read More »

Veikkaus begins ‘transformation programme’ for monopoly closure 

veikkaus

Veikkaus, Finland’s gambling and lotteries monopoly, has initiated a ‘transformation programme’ to brace itself for a significant ‘system change’ in Finnish gambling. The company anticipates that proceedings will commence this fall. Earlier this year, the Finnish government confirmed its intention to terminate Veikkaus’ monopoly privileges by 2026. This move is part of a broader strategy to restructure Finland’s gambling market. …

Read More »

Xtremepush acquires Thunderbite to gain new gamification muscle 

SBC News Xtremepush acquires Thunderbite to gain new gamification muscle 

Xtremepush has announced that it will add new gamification and customer loyalty services to its omnichannel marketing platform by acquiring Thunderbite. The firms “agreed a deal last week” which will see Xtremepush, recognised as the leading live engagement and personalisation platform for igaming operators acquire Thunderbite outright and its related tech and IPs.  Moving forward, Xtremepush will integrate Thunderbite to …

Read More »

GGL responds to tender queries on player protections study  

SBC News GGL responds to tender queries on player protections study  

Gluecksspiel (GGL), the Federal Authority of German Gambling, has issued an open response to media inquiries related to the tender process of its ‘Evaluation Study on Player Protections’. In August, the authority announced that it had appointed Dr. Tobias Hayer of the University of Bremen to lead the year-1 evaluation of player protections formed under the Fourth Gambling Interstate Treaty …

Read More »

Allwyn ready for UK landing backed by solid Q2 trading

SBC News Allwyn ready for UK landing backed by solid Q2 trading

Allwyn International cites confidence in achieving its full-year 2023 corporate objectives as group subsidiaries (legacy and acquired) maintain ‘organic growth’.  Publishing its Q2 ‘preliminary results’, an enlarged Allwyn sees its lottery portfolio generate consolidated revenues of €2bn for the first time and adjusted EBITDA of €381m (+35%). Headline growth reflects a 115% year-on-year increase, primarily driven by the recent acquisition …

Read More »