Ted Menmuir

Dreams CEO Wilhelm resigns over Chile antitrust investigation 

SBC News Dreams CEO Wilhelm resigns over Chile antitrust investigation 

Dreams SA has informed investors that Jaime Wilhelm has resigned as Chief Executive of the Pan-South American casino group. The resignation comes as Wilhelm is announced as one of the executives to be investigated by Chile’s Competition Authority (FNE) for alleged market violations and fraud charges. Last April, the FNE intervened in the planned merger of Dreams with its main …

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Italy approves phase-1 of gambling overhaul 

SBC News Italy approves phase-1 of gambling overhaul 

 Italy will undertake a comprehensive overhaul of its gambling laws, as Parliament has officially authorised the approval of the ‘Tax Delegation Law’.  The legislation recognises Italian gambling as a sector requiring a “reorganisation of tax duties and the introduction of new player protection measures that aim to create a more transparent and accountable industry”. As such, the Italian government will …

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Harris Hagan: Legal Eye… Where Crypto stands with UK gambling

SBC News Harris Hagan: Legal Eye… Where Crypto stands with UK gambling

The reference of ‘cryptoassets’ in the White Paper, reflects the UK government’s undecided stance on governing cryptocurrency adoption as such DCMS cites the absence of specific laws barring their use for online gambling firms. Hilary Stewart-Jones, technology and digital consultant at Harris Hagan, provides an expert end-to-end breakdown on crypto disciplines remit and boundaries within UK gambling laws. ___________ Adopting …

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Barry Gibson: Entain is Gambling’s most sustainable Plc 

SBC News Barry Gibson: Entain is Gambling’s most sustainable Plc 

Further to this morning’s announcement of H1 2023 interim results, Barry Gibson, Chairman of Entain Plc, has issued a separate statement on the FTSE100 firm’s ongoing HMRC investigation. The news that corporate governance had reserved a £585m legal provision to settle the HMRC dispute related to the former Turkish business terminated in 2017 dominated Entain’s half-year results. “Whilst negotiations with …

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Genius Sports: Programmatic advertising key to hitting 2023/24 targets

Genius Sports Premier League data

Once again, sportsbook operators will have likely increased their marketing spend to welcome the start of a new Premier League season this August. However, Josh Jolliffe, Senior Sales Director at Genius Sports states that an iGaming-centric approach to football marketing spend is an absolute must… SBC: From your experience, what digital marketing tactics are most effective for new customer acquisition …

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Entain H1 progress tainted by £580m Turkish legal provision  

SBC News Entain H1 progress tainted by £580m Turkish legal provision  

Entain Plc stands by its growth strategy and long-term financial prospects, following a transformative H1 trading period in which the FTSE gambling group acquired four new businesses to its global portfolio.  Publishing its 2023 Interim trading results, Entain registered a net group revenue (NGR) of £2.4bn, up 14% on H1 2022 results of £2.1bn. Generating a period NGR of £1.65bn …

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Greek Commission launches consultation on casino reforms 

SBC News Greek Commission launches consultation on casino reforms 

The Hellenic Gaming Commission (EEEP) has launched a consultation seeking stakeholder feedback and opinion on proposed changes to Greece’s gambling laws. The consultation will review the ‘draft gaming regulation’ aimed at modernizing practices in the regulatory, supervisory, and auditing functions of the country’s gambling sector. In addition, the draft proposal has recommended new ‘administrative controls’ to be imposed on casino …

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Catena seeks + €3m savings from new cost reduction programme

Catena Media

Catena Media has informed investors that it expects to secure group cost savings of between €3.8m and €4.2m.  The savings target has been set as Catena launches a Cost Reduction Programme following the recent divestment of the firm’s UK and Australia sportsbook assets to Moneta Communications Ltd for €6m. The deal, announced on 3 August, will see Catena benefit from …

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Rank recruits Mark Harper as MD of Grosvenor Casinos

SBC News Rank recruits Mark Harper as MD of Grosvenor Casinos

Rank Group Plc has confirmed the appointment of Mark Harper as Managing Director of Grosvenor Casinos. Harper will take on the position overseeing Rank’s flagship casino unit from Monday 14 August and will join the executive committee of the LSE gambling group. An expert in the management of mass-market leisure and hospitality businesses, Harper joins Rank having previously served as …

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Flutter faces ‘transformation point’ on positive US EBITDA of $100m

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc has reached an “inflection point” for its business, as its US FanDuel division ‘achieves profitability’ to transform its group earnings performance and prospects.  Delivering on a core strategic target, Flutter published its Interim H1 2023 results registering group revenues of £4.8bn, up 42% on 2022 comparatives of £3.38bn. Period trading marked a strong momentum, with average monthly …

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