Jason Trost the CEO & Founder of online betting exchange Smarkets, has revealed that his firm will move to launch a traditional sportsbook platform supporting its existing operations. Speaking to Bloomberg Business, Trost detailed that Smarkets had spent circa $5 million developing its sportsbook extension which will attached to the Smarkets exchange. Focusing on the in-house development of its proprietary …

FTSE-listed gambling technology provider Playtech Plc has confirmed the appointment of Richard Bayliss as its new Regulatory Compliance Manager. Bayliss joins Playtech’s group compliance team, from the UK Gambling Commission where he served as the UKGC’s Senior Online Manager (2006-2018). In his new role Bayliss will be a key corporate stakeholder in leading the direction of Playtech’s group responsible gambling initiatives and strategy. …

Colombian lottery operator Corredor Empresarial SA has launched its first marketing campaign for new sports betting product BetPlayCO – BetPlay.com.co. Corredor Empresarial is the lottery operator of popular Colombian instant-win and football pools games; SuperAstro, LIGA14 and MegaGOL. Last September, the Bogota gambling firm became the second operator to be granted a newly sanctioned online gambling licence by Colombian gambling …

Having been promoted to President of Spanish online gambling trade body Jdigital this January, Mikel López de Torre seeks to develop a progressive, business first and socially responsible framework for Spain’s new and existing stakeholders. Leading Jdigital, López de Torre details Spain’s new upcoming licensing window, which will see new operators enter the market. However, López de Torre warns potential …

Updating the market, Stockholm-listed industry affiliate network Catena Media Plc has confirmed the successful placement of a new €150 million senior unsecured bond due for 2021. The update sees Catena governance expand its current corporate debt framework to €250 million ‘new bond loan’, with corporate interest payments reduced from 6.75 to 5.5%. Moving forward, Catena governance will refinance its existing €100 …

FTSE online gambling group GVC Holdings has confirmed that it will offload its ‘Headlong Limited’ Turkish business unit relinquishing any payment from the asset. GVC governance undertakes its decision in order to help secure its £4 billion takeover of Ladbrokes Coral Plc, which is currently being reviewed by the UK Competitions & Markets Authority (CMA), which has set a 21 February deadline …

Updating the market, Nasdaq-listed gambling technology group Scientific Games Corporation (SGC), has confirmed the successful conclusion of its + $1 billion debt notes sale to private investors. The Nasdaq corporation first announced its $ and € debt sale on 30 January, seeking to restructure its long-term corporate financing. Completing the debt transactions, SGC governance secures the following financing structure: Tranche …

Closing its full-year 2017 accounts, Stockholm-listed online gambling group Cherry AB reports solid growth, despite its operational restructure to acquired asset ComeOn. Publishing its full-year 2017 results, Cherry records a group revenue increase of 104% to SEK 2,252 million (FY 2016: SEK 1,102 million), with organic assets contributing 27% of revenue share. A strong revenue performance would see Cherry declare …

Global gambling trade body the Gaming Standards Association (GSA) has elected a new board of directors, as it marks its twentieth year in existence. Updating industry stakeholders, GSA governance stated that it wanted to reflect its diversity of membership with its new board appointments. The new GSA board will consist of Novomatic senior executive Roman Czubak, taking the role of …