Facebook has become the latest US tech giant to confirm that it will comply with the approved mandate of the new Italian coalition government’s ‘Dignity Decree’. Updating its Italian advertising terms and conditions, Facebook states that it will no longer accept adverts, promotions, pages, Instagram accounts and apps that promote or facilitate online gambling. “Pursuant to recent legislative developments, our …

As Italy’s parliament debates the approved mandate of the Lega-5Star ‘Dignity Decree’, implementing a blanket ban on sports betting advertising and sponsorship, the European Gaming and Betting Association (EGBA) has detailed its support for Italian industry trade body – LOGiCO’s stance against the proposal. Teaming up with LOGiCO, the EGBA has sent a joint letter to Italian MPs ‘expressing significant …

US multi-national private equity firm Apax Partners has reached a ‘definitive agreement’ to acquire leading sports data and media distribution firm Genius Sports Group. A proven PE investor in technology and telecom enterprises (King.com, Orange, Aptos), Apax confirms that it has agreed to acquire Genius Sports outright from ‘founders, management, funds advised by Three Hills Capital Partners (“THCP”) plus other …

Endre Nesset, Director of Sports for Gaming Innovation Group (GiG) breaks down delivering a two-year project, launching GiG’s new sportsbook platform. Highlighting increased operator-to-consumer demands, Nesset details to SBC that GiG’s sportsbook platform had to develop as an ‘anything is possible’ proposition, beating the expectations set by ‘one-size fits all’ solutions.     _____________  SBC: Hi Endre, can you detail to …

As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …

Spanish business news source OK Diario has reported that US multi-national private equity firm Blackstone is preparing a bid for Grupo Codere, Spain’s largest gambling operator. The private equity firm, seeks to create the world’s leading Spanish-language gambling/betting group, merging its recently acquired Grupo CIRSA asset with Codere’s enterprise. In its report, OK Diario details that Blackstone executives have turned …

Seeking to bring transparency to its current ‘voluntary funding arrangement’, industry charity GambleAware has published details of donations and pledges received by industry stakeholders. Updating the market, GambleAware details that the ‘total amount of money pledged and received during Q1 2018 (April-June) amounted to £2.8 million’. At present, industry incumbents that support GambleAware initiatives are required to contribute annually a …

Colombian industry trade body, AsoJuegos has confirmed the appointment of Dr Juan Carlos Restrapo as its new Executive President. The former senator will represent the interest of Colombian industry stakeholders, both domestic and international within the nation’s newly reformed gambling framework. A seasoned political operator, Restrapo has formerly served as a 16-year representative for Colombia’s Cambio Radical (Economic liberal) party. AsoJuegos’s …

Sky News has this morning reported that FTSE-listed gambling group GVC Holdings is set to unveil it’s $/£ multi-million US strategic partnership with MGM Resorts International next week. According to city insiders, GVC governance is finalising plans on a long-term 50-50 joint venture with MGM Resorts, considered the US’ largest casino operator. Both parties will commit an initial $100 million …

Independent online bookmaker BetBright has moved to develop a more open, informative and engaging experience for its customers, launching its new platform ‘BetFeed’. The BetFeed platform will support BetBright markets, by offering customers unique market insights and data on popular bets and events. “BetFeed, an industry first, offers a unique insight into which events or bets are popular with other …