Ted Menmuir

Ukraine targets summer initiation for its new gambling law

The CIS office for international law firm Dentons has issued on-the-ground perspectives with regards to the approval of Ukraine’s ‘Gambling Law’ (Bill-2285-D). Tuesday’s industry headlines were dominated by the Verkhovna Rada approving the bill’s second reading 248-to-95, moving to end Ukraine’s 11-year prohibition of all forms of gambling except for lotteries. Observing Rada developments, Dentons CIS has detailed further insights …

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GG.Bet scores ESL Counter-Strike & Dota 2 global partnerships

Curacao-based esports bookmaker GG.Bet has become the official global betting partner of pro-esports organisation ESL for Counter-Strike: Global Offensive and Dota 2 tournaments. The arrangement will cover all ESL One and Intel Extreme Masters (IEM) tournaments through the rest of the year, as well as the ESL Pro League Seasons 11 and 12. GG.Bet will provide odds for each tournament …

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National Lottery launches £45m Community Fund network

The National Lottery has pledged to provide a further £45 million in funding for the UK’s ‘most vulnerable communities’ to help them recover from COVID-19 impacts. Through its ‘Community Fund’, the National Lottery has established a new network which will help it distribute central funds to five partners supporting organisations that work within communities that have been disproportionately impacted by …

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Codere secures €250m credit lifeline on aggressive interest rates 

Embattled Spanish gambling group Codere SA has agreed terms on a new ‘refinancing proposal’ with existing bondholders, which will allow the firm to access a further €250 million credit extension.  Following weeks of negotiations, Codere has secured the vital liquidity funding to keep its Spanish and South American business units afloat. US bondholders Jupiter AM, Dryden Capital, Invesco and Blackrock …

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Rada approves Ukraine gambling bill with no taxation policy 

Voting 248-to-95, Ukraine’s Verkhovna Rada (parliament) has approved the mandate of ‘Bill-2285D – Gambling Law’, passing the legislation to ‘form a new market for regulated gambling’.  The approval will allow Ukraine’s government to repeal its existing ‘Prohibition of Gambling Law’, which has held a blanket ban on all forms of gambling except state-run lotteries since 2009. The overhaul of Ukraine’s …

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Scott Longley – Confusion reigns over FDC’s second betting rights deal

Scott Longley breaks down Football DataCo’s decision to split its data rights distribution package for English and Scottish football between two separate vendors for betting services. Recognised as betting’s most valuable data rights, appeasing distributor dynamics would always be a complex matter… __________________ It is some feat to conclude two exclusive global deals for what would appear to be the …

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BGC highlights UK casinos ‘community response’ under lockdown orders

The Betting and Gaming Council (BGC) continues to pressure the government on delivering clarity to the UK casino sector and its workforce, following the disappointing news that casino venues will not be allowed to reopen this July. Branded in the same category as nightclubs, England’s casino venues were told to remain in lockdown, and given no indication as to their …

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EGBA – Black market looms on Spain if government proceeds with its advertising blackout

The European Gaming and Betting Association (EGBA) has responded after the Spanish government radically altered its Royal Decree on Advertising mandate by adding further marketing and sports sponsorship restrictions on licensed incumbents. Last week, a European Commission filing revealed that the Spanish government had drafted a series of new amendments to its approved Royal Decree on Advertising, banning betting sponsorships …

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KSA draws up wishlist on casino games market surveillance

Kansspelautoriteit (KSA), the regulatory authority for the Netherlands, has published its ‘Market Vision’ document which outlines the core directives it seeks to establish for monitoring ‘games of chance’ in the interest of public safety. The KSA document sets out the regulator’s current structures related to market monitoring, how it has categorised games of chance and also how the regulator undertakes …

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Alex Gersh returns to betting as Sportradar CFO  

Sportradar has this morning confirmed the appointment of Alex Gersh as new Group Chief Financial Officer (CFO) effective immediately.  A sports betting figurehead, Gersh is recognised as a leading financial strategist for mass-market digital enterprises, having formerly served as Group CFO of Paddy Power Betfair Plc. Of distinction, alongside former CEO Breon Corcoran Gersh led the corporate turnaround of Betfair …

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