Ted Menmuir

FDJ appoints Andy Wright as new CEO of Sporting Group  

Groupe FDJ has confirmed the inbound appointment of Andy Wright as Chief Executive of Sporting Group, the sports betting technology unit of the Paris-listed gambling group. Wright will replace Sporting Group CEO Simon Trim, who has chosen to end his 23-year association with the company where he has spent the last five years as Chief Executive, leading the technology group …

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Codere shareholders approve liquidation terms

The board of Codere SA has been granted approval by shareholders to proceed with the ‘liquidation arrangement’ agreed last month with existing creditors.  Shareholders of the Bolsa Madrid gambling group have approved the terms of the liquidation agreement, allowing for creditors to take control of the embattled firm – the liabilities of which are reported to stand at €700 million. …

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EveryMatrix: The Netherlands to become Europe’s freshest battleground  

The Netherlands has the potential to become Europe’s next breakout market for igaming and sports betting, according to EveryMatrix.   The technology supplier has published its ‘Gaming Market Report’ for the country – which will officially launch its regulated online gambling marketplace on 1 October under the mandate of the Kamer approved ‘Remote Gambling Act’ (KOA Act). Maintaining a population …

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KSA begins affiliate sweep ahead of Dutch KOA launch 

Kansspelautoriteit (KSA), the Netherlands Gambling Regulatory Authority, has sanctioned a ‘new round of action’ against websites promoting unlicensed operators deemed to be targeting Dutch consumers. The tougher monitoring of affiliate websites will be undertaken by KSA, as the regulator moves to officially launch the Netherlands regulated online gambling marketplace on 1 October under the mandate of the Kamer approved ‘Remote …

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Gamenet takes control of Lottomatica’s identity as new Italian giant is born

A new era for Italian gambling has started after Gamenet Group completed its €1.1 billion buyout of IGT Plc’s Lottomatica B2C subsidiaries.  This morning, Gamenet and IGT disclosed that all final arrangements had been concluded in the sale of Lottomatica’s Scommesse (sports betting) and Videolot Rete gaming machine units. Finalising its acquisition, Gamenet has confirmed that it will now operate …

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New Duma bill to establish POC regime for Russian gambling transactions  

Russia’s state Duma has undertaken the first readings of bill (No. 1133991-7), which seeks to amend and strengthen federal laws on combating ‘illegal remote gambling operators’.  The bill aims to establish a ‘definitive criteria’ for Russian agencies to determine and prosecute remote gambling businesses deemed to be offering illegal services within ‘the territory of the Russian Federation or elsewhere’. The …

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Luckbox appoints Thomas Rosander as CEO following Quentin Martin exit   

Real Luck Group, the managing company of esports betting operator Luckbox, has appointed Thomas Rosander to succeed Quentin Martin as chief executive of its flagship venture.  The Toronto TSXV firm confirmed the immediate leadership departure of Martin this morning, who will be replaced by Rosander, who initially joined Luckbox in February as Chief Customer Officer (CCO).   A seasoned industry executive, …

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Suicide Prevention Australia demands stricter federal controls of online gambling  

Suicide Prevention Australia has submitted its response to the Federal Government’s review of online gambling, stating that “stricter regulation of the gambling sector is required across all Australian states”.  Canberra’s Government has commissioned a ‘Senate Standing Committee’ to review and draft new federal amendments to update Australia’s ‘Interactive Gambling Act’ of 2001. The committee has agreed that it will propose …

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Apollo tables AUS $4bn offer for TAB

US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit.  A secondary offer of AUS 3.5 …

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Scientific Games reviews ASX options to trim debt 

Scientific Games Corporation (SGC) is reportedly reviewing strategic options to list its business on the Australian Securities Exchange (ASX).  The Australian Financial Review (AFR) has reported that SGC has recruited Sydney-based investment bank Jarden Australia to draft the company’s pathway towards listing on the ASX. An ASX-listing is detailed as one option to address SGC’s long-term debt reduction, which currently …

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