Former Amaya Inc Chief Executive David Baazov has reduced his shareholding in the Toronto TSX-listed firm to just 3.8% of common shares following the disposal of 12 million shares over the past two days. Updating the market, Amaya informed that Baazov had sold 12 million shares at a target price of CAD $22.31, netting their former leader CAD $268 million …

Swedish gambling regulatory body Lotteriinspektionen will today publish its commissioned report, detailing provisions for a potential national regulated gambling framework. Swedish MPs and industry stakeholders have eagerly awaited the report, which was commissioned by the government in 2015 for the purpose of commencing a license-based system for gambling operators. In January, fears arose of further industry regulatory delays following the …

Kenyan betting and lottery operators are by far the ‘biggest losers’ of the 2017/18 Kenya National Budget presented by Treasury Secretary Henry Rotich. The worst nightmares of Kenyan betting industry stakeholders came to life, as Rotich and the National Alliance (TNA) government announced a ‘uniformed 50%’ industry revenue tax on all verticals, more than tripling current gambling tax charges of …

FTSE-listed William Hill Plc continues its executive team restructure confirming the appointment of Ruth Prior as its new Chief Financial Officer (CFO). Prior who joins William Hill, from leading global payments provider Worldpay, where she served as Deputy CFO (2013 -2017), will takeover the operator’s financial leadership duties of Philip Bowcock who last month was promoted to William Hill Group …

Publishing its full-year 2016 financial results, Athens-listed gambling and lottery systems provider Intralot Group has stated that its operations are beginning to ‘reap the rewards of its business transformation’. Presenting its full-year 2016 breakdown, Intralot governance would report a 7% increase in group revenues to €1.32 billion (FY 2015: €1.25 billion). The firm states that its revenue capabilities have been …

Having triggered Article 50 which begins the process of withdrawal from the European Union, the UK now enters an unprecedented cycle in its politics, with Brexit negotiations likely to dominate all political agenda and discussion. Following PM Theresa May’s official triggering of Article 50 on the 29 March, all bookmakers have updated their respective political markets as the Conservative government …

Presenting its full-year 2016 results, Greek gambling operator OPAP details that its financial performance has been impacted by higher tax charges combined with a higher operational outlay as the firm prepares for significant operational changes in 2017 While OPAP sustained total group wagering at €4.2 billion and group gross gaming revenues at €1.39 billion, the firm’s earnings and profit metrics would …

Despite the NFL franchise owners overwhelmingly supporting (31-1) the relocation of the Oakland Raiders to Las Vegas Nevada. Roger Goodell, Chief Commissioner of the NFL states that the league will not change its stance on the issue of US legal sports betting. Speaking to US media, Goodell restated that the NFL opposed all forms of betting on its matches. Goodell …

Presenting its H1 financial update (six month period ending 31 December) London AIM-listed eSports live events operator Gfinity has reported a 45% increase in corporate revenues to £900,000. The firm founded in 2012 with the aim of growing UK live eSports arenas remains earnings ineffective, posting a period operational loss of £1.7 million, narrowing on pretax losses of £1.9 million posted …