Grupo Codere SA cites that its business has been negatively impacted by the “temporary closures by public authorities due to alleged noncompliance with certain regulations in both Mexico and Argentina”. Publishing its Q2 trading update, the Spanish and Latin America-focused gambling group booked a net loss of €164m due to ‘impairment provisions’ needed to consolidate its performance in Mexico and …

Flutter Entertainment Plc begins a new corporate governance era as Chairman Gary McGann steps down from all directorship duties effective 31 August. As of 1 September, the board of the FTSE100 gambling group will be led by US executive John Bryant serving as Chair of the Flutter Board and Chair of the Nomination Committee.  Closing 2022, Flutter notified investors that …

September is poised to be the make-or-break month for the passage of Brazil’s desired federal sports betting marketplace, as pressure mounts on the government to settle final terms. Yesterday, Arthur Lira, President of the Chamber of Deputies, declared that a Bill to launch and regulate Brazil’s sports betting market must be presented by 9 September. The matter carries a ‘constitutional …

Seeking to improve the industry’s accountability, the UK Gambling Commission (UKGC) has signalled its intent to tighten its reins on individual licence holders.  Bahar Alaeddini, Partner at Harris Hagan for online gambling, breaks down why transforming corporate culture by driving personal accountability and responsibility will be the key to better outcomes. The White Paper included a fleeting mention of extending …

Pressure mounts on the government of Brazil to impose stricter advertising rules and marketing restrictions on the plans to launch a federal sports betting marketplace.  New developments have seen Ricardo Ayres, the Deputy of the State of Tocantins and member of the República Party, sponsor new Bill 3915/2023. Ayres has called on Congress to intervene on the advertising make-up of …

Total Performance Data (TPD) has announced that Silicon Valley enterprise expert Jeremy Doig has joined its business as a non-executive director (NED). A 35-year technology veteran, Doig has most recently served as CTO of the Disney+ network, overseeing the streaming giant’s team of over 2,500 developers working on technologies for ESPN+, Hulu, Star+ and Disney+.  Recognised as a ‘Valley figurehead’ …

Intralot SA highlighted its enhanced operational earnings and cash flow despite commercial adjustments that affected its revenue performance. Releasing its H1 2023 interim trading results, the Athens-listed gambling technology group reported corporate revenues of €175m, a 14% decrease from the 2022 comparative results of €205m. The decline in headline revenues was mainly due to Intralot discontinuing its Malta business, which …

Svenska Spel has pledged to fund five new research projects aimed at enhancing the understanding of Swedish gambling addiction and its societal impacts.  This initiative was announced by the Independent Research Council of Svenska Spel, Sweden’s state-owned gambling and lotteries operator. The research projects will collectively receive funding of SEK 4.1m (€350,000), with the aim of providing Swedish public health …

BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …

Toto, the flagship sports betting brand of Nederlandse Loterij, will serve as a principal partner of the Azerion Women’s Eredivisie. The partnership sees Toto continue to expand its presence within Dutch women’s pro-football, in which the betting brand serves as principal sponsor of the women’s teams for PSV, ADO Den Haag, Heerenveen and FC Twente. Beginning on Friday 8 September, …