Issuing a market update, the governance of mybet Holdings SE has confirmed that it has secured a non-exclusive ‘term sheet’ (a business arrangement) with a strategic investor ‘outlining the possible sale of its online business’. The Frankfurt Xetra-listed enterprise details that the arrangement has been approved by mybet’s Supervisory Board, which would see the company divest all digital assets operated …

Revolt, within the Conservative Party may tip Britain towards a snap General Election being called for in 2018, as Brexit chaos governs all UK politics. Bookmakers have adjusted their political betting markets, following the events of a ‘manic Monday’ which saw LEAVE stalwarts David Davis, Secretary for Exiting the EU and Foreign Secretary Boris Johnson resign as senior cabinet ministers. …

Alex Capurro, CEO of Easy Payment Gateway, says US gambling operators must look to alternative options to deliver a seamless payments journey for consumers. ___________ Following the repeal of PASPA last month, and the growing number of US states pushing ahead with legal, regulated online gambling, the USA has quickly become one of the hottest emerging markets in the world. …

Updating the market, Stockholm-listed online gambling group Cherry AB has confirmed that it has secured a Polish sports betting licence, granted by the nation’s Ministry of Finance. The Stockholm enterprise becomes the ninth gambling operator to secure a sports betting licence under the terms of Poland’s amended (2017) ‘Gambling Law’. Complying with the mandate of Poland’s new gambling regime, Cherry …

Italian betting, sports and media stakeholders have been left perplexed, following the Council of Ministers approval of the directive to introduce a blanket ban on gambling/betting advertising. Reviewed on Monday, the Council of Ministers would approve Deputy PM Luigi Di Maio’s draft mandate, which introduces an outright ban on all forms of gambling (except the state’s national lottery) across all …

Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed the appointment of Jeff Karp as Managing Director & President of Big Fish Games, heading up its recently acquired social gaming subsidiary. Seeking to diversify its corporate entity beyond casino technologies, in December 2017 Aristocrat completed its $1 billion acquisition of Seattle-based Big Fish, from former owner Churchill Downs. Regarded as …

Spain’s Parliament has pushed forward with its 2018 fiscal budget, which will implement a significant 5% tax reduction on a number of online gambling/betting services. Spain cuts taxes on gross gambling revenues from 25% to 20% on a range of industry online verticals including sports and exchange betting, online casino games and horseracing. Despite the recent upheaval in Spanish politics, …

FTSE250 gambling technology group Playtech Plc has today issued a corporate profit warning, detailing continued Asian market woes. Issuing its second Asia related profit warning over the past year, Playtech governance details a continued slowdown of its Asian market operations and services. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop. Towards the end …

Industry technology provider SBTech details its ‘second major US sports betting announcement’, confirming that it will act as lead betting systems provider for the Resorts Casino Hotel in Atlantic City New Jersey. Securing the partnership, SBTech has been selected by Resorts governance to provide its legacy Boardwalk casino with a full omni-channel sports betting solution servicing on-property, digital and mobile …

Kindred Group’s European online betting subsidiary Unibet awaits a monumental Tuesday of trading as Sweden seeks to make the quarter finals of Russia 2018. Taking on Switzerland at the Saint Petersburg Stadium (Tuesday 3 July 16:00 CET), Unibet anticipates a record day of market trading as Sweden’s ‘Blågult’ seeks to continue its unexpected World Cup 2018 journey. Having topped World …