In his January 3rd posting “Gambling Commission justifies remote licence fee increases” Andy McCarron MD of SBC referred to the changes to the Commission’s annual fee structure that will come into effect from April this year. Those changes were announced in the DCMS “Proposals for Gambling Commission fees from April 2017 – consultation response” document that was published just prior …
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Irish start-up Sportdec is seeking to close a €3 million round in venture funding this Q1 2017 as the company seeks to bridge sports content, social gaming and betting through its mobile app expansion. Led by former Sky Betting & Gaming Head of Social Games Bruce Bale (CEO), Sportdec has pitched itself as the ‘ultimate fan-centric app’ delivering all forms …
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Historic UK racecourse Kempton Park (Surrey) could be closed down by The Jockey Club as the racing group looks to secure approximately £500 million from its property in order to fund future racing projects. Yesterday Jockey Club governance in partnership with Redrow Plc submitted planning process proposals to Spelthorne Borough Council who had recently issued a ‘call for sites’ to …
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GVC Holdings subsidiary partypoker has stated its commitment to ‘live poker’ announcing the launch of its new ‘partypoker LIVE’ global tour in 2017 with a number of headline events featuring Million $ prizepools. The LIVE global tour will make its first stop in Quebec Canada at the Playground Poker Club featuring a guaranteed prizepool of CAD $1 million for the …
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FTSE-listed gambling technology provider Playtech Plc has this morning confirmed that group CFO Ron Hoffman will be transferred to the position of Chief Executive for its financial services division. The transfer will see Hoffman further step down from the board with immediate effect. Hoffman’s group leadership position will be replaced by current Head of Investor Relations Andrew Smith. Playtech governance …
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ONJN the national gambling regulator of Romania has awarded industry platform and software provider EveryMatrix a Class II licence allowing the firm to supply and distribute operator provisions for the regulated Romanian market. Confirming the ONJN licence securement, EveryMatrix governance was pleased to extend its services within Romania a country in which EveryMatrix has made significant investment building its operational …
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Christmas 2016 will be a festive period to forget for betting operators, as the industry counts the cost of December’s congested English football schedule. Closing its 2016, betting operators are reported to have been hit by industry-wide losses of over £100 million as heavily backed football favourites won their respective matches, with some bookmakers expected to report losses of circa …
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Industry affiliate marketing software and services provider NetRefer has announced its first commercial partnership of the year agreeing to become the affiliate marketing platform provider for IPS Affiliates (IPSAffiliates.com). NetRefer affiliate marketing services will relaunch the IPS Affiliates platform which runs partner acquisition programs for European online casino and bingo brands 21.co.uk, Crown Bingo, SvenskaCasino.com, Bingo Loppy and UKCasino.com. Seeking …
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Following a review of its financing options, the governance of Toronto TSX-listed Amaya Inc has confirmed that it will pay its $197.7 million balance relating to the deferred purchase price for acquired Rational Group assets (2014) throughout the course of 2017. Updating investors, Amaya governance detailed the changes to its payment plan which was due for 1 February 2017. The …
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Industry live gaming specialist Codeta (Codeta.com) has announced that it has launched a second funding round with a view to aid its ambitious future growth plans. The Malta-based operator which seeks to be the leading industry provider for live games and content, is seeking new investment/investors as it looks to expand its services within various European igaming jurisdictions. Confident of …
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