Despite being deemed a ‘non-viable solution’ by the European Commission, the German Bundestag (lower-house) yesterday approved the progression of 2nd Modified State Treaty on Gambling (Glücksspieländerungsstaatsvertrag). Progressing the treaty, which allows a ‘transitional arrangement’ for bookmakers to offer online betting services as the German government revamps its national gambling framework expected in 2018. Last October, German officials presented the Second …

Philippines and Isle of Man based bookmaker Dafabet has made its first play within the African betting market by opening a ‘hub office’ in Nairobi Kenya. The Asian-focused bookmaker views the Kenyan market as its best entry point for the African market, detailing that consumers are knowledgeable of products and that the betting sector is mature due to established competition. The …

Fortuna Entertainment continues its M&A expansion within the licensed Romanian gambling market. The Eastern European bookmaker confirmed this week that it was closing in on the acquisition of Fortbet Holdings gambling assets. Updating the market, Fortuna detailed that it was in the final stages of negotiations for the Fortbet properties of Bet Active Concept SRL, Bet Zone SRL, Public Slots SRL and Slot Arena SR. …

Industry affiliate marketing news source and corporate event organiser iGB Affiliate (Clarion Gaming) has confirmed that its first-ever Nordic Affiliate Conference in Stockholm (NAC 6-7 April) will begin with a ‘networking dinner’ from one of Sweden’s most celebrated chefs. NAC 2017 delegates will be treated to a three-course meal at Winterviken restaurant by renowned chef Markus Aujalay, who has represented Sweden …

The UK Government is set to get tougher on money laundering and criminal financing activities by creating new watchdog the ‘Office for Professional Body Anti-Money Laundering Supervision’ (OPBAS).  The body will act alongside the UK Financial Conduct Authority (FCA), as the government seeks to introduce new, stricter money laundering regulations to meet global finance standards. The government will aim to set …

The Australian Federal Court has today approved ASX-listed Tabcorp Holding’s AUS $45 million (£27 million) settlement with financial watchdog AUSTRAC relating to severe breaches of its money-laundering code and corporate compliance failures. Tabcorp governance has agreed to pay the record fine, on the condition that AUSTRAC withdraws any further allegations of non-compliance against the company. As reported in February, Tabcorp …

Speaking to Yahoo Finance, Warren Buffett the world’s most powerful hedge fund magnate with a speculated wealth of $76 billion remains tepid on the potential of legalising US sports betting. Buffett a fan of college basketball, who this February repeated his $1 million-a-year sweepstake for Berkshire Hathaway employees to predict the correct ‘March Madness’ brackets of the NCAA Basketball Championships, …

Industry venture capital firm Velo Partners has invested $700,000 (£575,000) in eSports studio Blinkpool developer of eSports game ‘BlinkPredict’. The UK-based VC that has funded numerous growing new enterprises within betting and igaming, makes its first eSports-centric investment in Blinkpool. Releasing a corporate statement, Velo Partners stated that Blinkpool could become a billion-valuation enterprise by becoming the firm that bridges …