Ted Menmuir

Betfair sees no change or challenge to Biden vs Trump for US 2024.

SBC News Betfair sees no change or challenge to Biden vs Trump for US 2024.

The adage of ‘expect the unexpected’ appears to have been forgotten in US politics, with all signs pointing to a repeat of Joe Biden vs. Donald Trump as the contenders for the US 2024 Election.  As it stands, nothing seems capable of derailing this outcome, even as former President Donald Trump faces his third indictment in connection with the events …

Read More »

Enjoy reviews sale of LatAm casino venues 

SBC News Enjoy reviews sale of LatAm casino venues 

Grupo Enjoy has initiated a strategic review of its business, in which the South American gambling group will consider the individual sale of its casino properties.  This week, the board of Enjoy notified Chile’s Commission of Financial Markets (CMF) that it had initiated a strategic review led by Santiago-based financial advisory ASSET Chile SA. The CMF was informed that Enjoy …

Read More »

Catena sells UK & AUS sportsbook domains for €6m

SBC News Catena sells UK & AUS sportsbook domains for €6m

Catena Media Plc has accelerated its corporate reorganisation by securing an agreement to sell its UK and Australia sports betting brands to Moneta Communications Ltd for €6m. The agreement will see Catena sell the assets of Squawka.com and GG.co.uk, in addition to all shares in the group’s wholly-owned Australian subsidiary.  “The sale marks a further step forward in refocusing the …

Read More »

Betclic double-digit growth helps FL raise 2023 targets

SBC News Betclic double-digit growth helps FL raise 2023 targets

FL Entertainment has raised its full-year 2023 EBITDA guidance to €750m, as the Amsterdam Euronext media conglomerate benefits from M&A expansion and the enhanced performance of its betting and gaming business. Publishing its H1 Interim trading results, FL, the parent company of Betclic and majority shareholder of Bet-at-Home AG, reported corporate revenues of €1.92bn, marking a 6.8% year-on-year increase on …

Read More »

Twitch bans the promotion of Skin Gambling sites

Twitch CEO has ’no problem’ with streaming of licenced gambling

Twitch has updated its ‘community guidelines’, informing streamers that it will no longer allow the promotion or sponsorship of skin gambling sites on its live streaming platform. The decision sees Twitch continue to tighten rules on promoting gambling-related content, which saw the company initially revise its marketing rules last summer in light of streamers promoting unlicensed casino content. Updating its …

Read More »

GGL awards player protection study to the University of Bremen

SBC News GGL awards player protection study to the University of Bremen

Gluecksspiel (GGL), the Federal Gambling Authority of Germany, has appointed the University of Bremen in the state of Lower Saxony to undertake its Player Protection study. Stakeholders were informed that the University of Bremen would be tasked with evaluating “the effects of extensive player protection requirements” established by German federal states that accepted and implemented the rules of the Fourth …

Read More »

Chile delegates Investigative Commission to settle betting sponsorship conflicts

SBC News Chile delegates Investigative Commission to settle betting sponsorship conflicts

The Congress of Chile has announced that it will establish an ‘Investigative Commission‘ to evaluate existing rules on sports betting advertising and to make recommendations on which changes should be applied as the government aims to launch a regulated online gambling marketplace in 2023.  Sports Minister Jaime Pizarro will lead the initiative, which within its remit has been tasked with …

Read More »

Lithuania adopts new gambling licensing fees 

SBC News Lithuania adopts new gambling licensing fees 

The Government of Lithuania has settled a resolution related to specific state fees, payments and refunds applied to business and economic activities.  The resolution sees Lithuania’s government impose new state licensing fees for gambling businesses and services. A notable change is increased operating licence fees for the national lottery and smaller lotteries, rising from €1,395 to €1,620, which may affect …

Read More »

Tax conflicts arise in Brazil’s sports betting passage

SBC News Tax conflicts arise in Brazil's sports betting passage

Brazil’s government faces growing demands to explain why it will apply the highest operating tax charge to its pending federal sports betting marketplace The demand for an explanation comes as Congress begins its 120-day review of ‘provisional measure No-1182’ signed by President Lula da Silva on 25 July. Entering a critical juncture for the passage of Brazil’s long-mooted sports betting …

Read More »

GambleAware launches stabilisation fund for RET transition 

Zoe Osmund, GambleAware

GambleAware has initiated an application process to protect the funding of gambling harm prevention, support and treatment projects and programmes across the UK.  The initiative is required as the funding of gambling harm prevention projects/programmes enters a transition period from a voluntary to a statutory levy – established as a guaranteed outcome of the Gambling Review. Stakeholders were notified that …

Read More »