Ted Menmuir

Bengtsson posts solid start as William Hill’s new leader

The governance of FTSE bookmaker William Hill Plc has expressed confidence in the firm’s performance and future prospects, as group trading maintains full-year expectations. Publishing William Hill ‘unaudited’ results for the 17-week period up to 29 October 2019, it confirmed that group net revenues were 1% up on 2018 comparatives. Absorbing the assets of Mr Green, William Hill online net …

Read More »

Strong Q3 US trading sees Gambling.com edge ahead

Gambling.com Group Plc has recorded a slower period of growth for Q3 2019, with revenues up 2% to 4.16m euros, but the firm is still 22% ahead of 2018 for the first three quarters. The digital marketing firm reported New Depositing Customers (NDCs) for the period increased by 4% to 18,411 however adjusted EBITDA (excluding non-recurring costs) dropped to 610,000 euros …

Read More »

DGOJ reduces red-tape for Spanish tech incumbents

The DGOJ, Spain’s regulatory authority for gambling, has streamlined its approval procedures for technical and operational changes to reduce administrative burdens placed on regulated market incumbents’ tech and product development. Updating the market, the DGOJ confirms that it has reorganised its ‘approval procedure’ attached to the modifications of games, platforms and data centres, which will no longer require authorisation by …

Read More »

Barley Laing: Melissa – Betting… It’s time to embrace biometrics

Barley Laing UK MD of Melissa Data Corp, details to SBC audiences that biometric technologies may become the betting’s industry’s remedy, following a year of tough compliance adjustments related to KYC, verification and customer duty enforcements… __________________ In the internet age, consumers demand a fast onboarding experience when signing up to a new service, otherwise, they will head elsewhere. This …

Read More »

Sports VCs back Mercurius Milan as betting’s hottest prospect

Milan-based start-up Mercurius, sports betting data science enterprise confirms that it has raised €500,000 completing its second round of venture capital funding. Mercurius is founded by the engineering trio of Fabrizio Machella (CEO), Lorenzo Malanga (Data Science Chief) and Mario Ciardulli (CMO) seeking to develop new algorithms and components treating sports betting as a ‘new alternative asset class’ open to …

Read More »

Draft divergence sees little consensus on Ukraine gambling

Further Ukraine gambling developments have seen seven draft regulatory proposals submitted to Rada (Ukraine’s Parliamentary council), presenting alternatives to the ‘law on legislating gambling services’ – published by the governing Servant of the People (SOP) party this November. Of the seven, only five have been made available to the public, sharing commonalities and divergences on developing an effective regulatory framework …

Read More »

Codere reviews ‘corporate structure’ following damaging LatAm investigation

Bolsa Madrid gambling group Codere SA has sanctioned a review of its ‘operating structure’, following an independent investigation of auditing discrepancies found within its LatAm subsidiaries. This October, an embattled Codere governance was forced to declare to Spain’s CNMV markets authority that year-to-date accounts had ‘overstated earnings’ by €13-20 million attached to the firm’s LatAm business unit. Facing investor backlash, …

Read More »

Rank smooths verification with SafeCharge’s ‘ID Manager’

London-listed Rank Group Plc has deepened its ongoing agreement with payment systems provider SafeCharge to incorporate its ‘Identity Manager’ solution, enabling a smooth and secure verification process for consumers. Using the Nuvei company’s payment solutions to improve conversions and secure customer data since 2014, the heightened link-up includes identity verification to enable a seamless, automated and compliant method of on-boarding customers quickly and …

Read More »

Dutch government delays market launch date to review secondary concerns

Plans to launch the regulated Netherlands online gambling marketplace have been delayed for a further six months to 1 June 2021. Dutch Justice Minister Sander Dekker confirmed the six-month delay to the Kamer (parliament) on Friday 15 November, with Netherlands gambling regulatory authority Kansspelautoriteit (KSA) informing industry stakeholders. The KSA said that the delay is related to a review of …

Read More »

GiG gearing up for 2020 data drive

Stockholm-listed Gaming Innovation Group (GiG) will expand its product portfolio through new vertical ‘GiG Data’ – the firm’s soon to be launched ‘next generation’ data platform. Inbound for 2020, GiG Data will be fully integrated with GiG’s lead industry platform solution ‘GiG Core’ and made available for third-party integrations. In its product notes, GiG details that it industry-tailored data solution …

Read More »