Ted Menmuir

Forward looking 888 adjusts to stricter UK regulatory environment

SBC News Forward looking 888 adjusts to stricter UK regulatory environment

FTSE250 online gambling group 888 Holdings has posted its 2018 interim results (period ending 30 June) reporting a sharp decline in its UK revenue performance. 888 which is adjusting to all-around tougher European regulatory conditions, maintains group revenues of $273 million (H1 2017: $270 million), sustaining revenue performance across its B2C and B2B verticals. However, the FTSE enterprise reports an …

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Paddy McDermott: SportCaller – Racing coming out on top for retention

SBC News Paddy McDermott: SportCaller - Racing coming out on top for retention

SportCaller’s Paddy McDermott (Digital Performance Director) unpacks the rapid rise of free-to-play games, explaining how horse racing is reducing client churn levels and boosting customer value. _____________  The free-to-play value proposition for bookmakers is happily a clear and provable one. Chiefly, the general perception is that they provide the mechanism to acquire players in great numbers at a low cost. …

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Ainsworth confirms departure of Danny Gladstone as CEO

SBC News Ainsworth confirms departure of Danny Gladstone as CEO

Industry games manufacturer Ainsworth Game Technology has confirmed that Danny Gladstone, will be stepping as Group CEO in 2019. Filing an Australia ASX update, Ainsworth governance confirms that Gladstone will depart corporate leadership on 30 June 2019. Gladstone has served as CEO of Ainsworth since 2007, leading the games manufacturer through a number of transitions and expanding the firm’s services …

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Sportium ESP expands racing live inventory with French PMU

SBC News Sportium ESP expands racing live inventory with French PMU

Ladbrokes and Grupo Cirsa, Spanish market bookmaker Sportium has announced that it will amplify its horseracing inventory by adding the syndicated content of French racing operators Pari Mutuel Urbain (PMU). Agreeing on partnership terms, Sportium will be able to offer PMU French racing days and events, which will further be streamed across Sportium betting platforms (land-based and digital). Working on …

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Stride revises 2018 expectations following £4m UKGC compliance penalty

SBC News Stride revises 2018 expectations following £4m UKGC compliance penalty

The governance of London AIM-listed online gambling group Stride Gaming has set aside £4 million to pay a forthcoming UK Gambling Commission (UKGC) penalty in relation to compliance failures. The UKGC penalty sees Stride revise its 2018 corporate forecasts (year ending 31 August), with governance anticipating a 20% decline in EBITDA performance to £16 million. On 2 August 2018, Stride …

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Power Play! William Hill & IGT partner targeting US lottery betting contracts

SBC News Power Play! William Hill & IGT partner targeting US lottery betting contracts

William Hill US and International Game Technology (IGT) have confirmed that they have entered a ‘multi-year agreement’, seeking to deliver sports betting provisions to US state licensed lottery incumbents. The alliance sees FTSE250 William Hill partner with IGT the leading technology systems supplier for North American lotteries. Last August, both organisations partnered to provide a ‘full-service sports betting solution’ for …

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“Culture Clashes & Blurred Lines” – M&A in a post-PASPA environment

SBC News "Culture Clashes & Blurred Lines" – M&A in a post-PASPA environment

Dominating the industry’s agenda and context, the liberalisation of the US betting market post-PASPA has changed all working dynamics of the betting sector. Following three-years of mass sector consolidation, European leaders believed that the betting industry had finally settled. On 14 May 2018, SCOTUS would announce its supreme drop of federal PASPA laws…Facing new realities, has a further US-centric round …

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Catena restructures board following departure of Anders Brandt

SBC News Catena restructures board following departure of Anders Brandt

Stockholm-listed industry affiliate marketing network Catena Media has moved to restructure its Board of Directors following the resignation of Anders Brandt. A board member since 2015, Brandt has voluntary resigned from Catena governance to pursue ‘personal interests and new assignments’. Updating investors, Catena Media Group Chairman Kathryn Moore Baker confirmed the appointment of Øystein Engebretsen as Brandt’s replacement on the …

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Tabcorp continues Racing ATA legacy sponsorship

SBC News Tabcorp continues Racing ATA legacy sponsorship

Australian gambling operator Tabcorp will continue its legacy sponsorship of the Australian Trainers Association (ATA) for a further 12-months. Updating the media, Tabcorp marketing detailed that it would continue to act as the ATA’s ‘official wagering partner’, a position it has maintained since 2014. Renewing sponsorship terms for a further 12-months, the ATA detailed that it would work with Tabcorp …

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Newgioco unveils new US executive team

SBC News Newgioco unveils new US executive team

Italian betting technology group Newgioco Inc has undertaken an executive management restructure, targeting future expansion and growth within the liberalised US sports betting market. Updating investors, Newgioco welcomes four new faces to its executive management team, as the company restructures its financial and commercial divisions to take on future US market challenges. US finance and technology veteran Elizabeth J Maclean …

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