Paddy Power has taken the bold step of becoming the first bookmaker to payout on Hillary Clinton winning the 2016 US Election. Closing its ‘US Election’ market, Paddy Power announced that it had cashed out £800,000 in winning bets placed on the Democrat candidate. The bookmaker makes its gutsy call despite Donald Trump being currently priced at 5/1 to win …

Stockholm Nasdaq-listed online betting platform provider Kambi Group Plc (Kambi) has announced the it has signed a memorandum of understanding with Novomatic Lottery Solutions (NLS), becoming its gaming supplier partner for government regulated lotteries. Confirming its strategic partnership with the Novomatic Group lottery subsidiary, Kambi will integrate its digital sports betting solution within NLS lottery supplier platform. Moving ahead with …

Australian business news sources are reporting that market leading gambling operators’ Tabcorp Plc and Tatts Group have entered advanced talks to create an AUS $9 billion enterprise. The operators have previously engaged in merger discussions. In November 2016, Tabcorp and Tatts governance entered initial discussions but quickly repealed discussions after failing to agree on any potential merger terms. Today both …

The governance of FTSE-listed Ladbrokes Plc is confident of delivering on its full-year 2016 expectations following the operator posting a fourth successive quarter of group revenue growth. Presenting its Q3 2016 trading update (period ending 30 September) Ladbrokes governance expects to post a 12% group revenue uplift delivering a strong KPI metrics across its divisions. Of particular note, the operator …

The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …

Irish independent bookmaker BoyleSports has publicly ‘communicated its concerns’ to the UK Competitions & Markets Authority (CMA) regarding the sale of 359 retail betting shops as part of the pending Ladbrokes-Coral merger. The bookmaker was disappointed to have had its larger bid turned down by Ladbrokes and Coral governance in favour of a lower combined £55.5 million cash bid by …

Fibetco the operating company of BetOnFinance.com, has announced the appointment of Danske Spil Chief Executive Hans Christian Madsen (H.C. Madsen) to its board of directors. Madsen, who has announced his upcoming departure as leader of Danske Spil in March of this year, joins Fibetco as a governance advisor with the operator preparing for European expansion of its unique financial betting services. Having …

Stockholm-listed European sports betting operator Betsson AB (Betsson) has confirmed that it will open a second office in Malta, situated in the town of St Julian’s (Maltese: San Ġiljan). The new office named the ‘Betsson E2 Hub’ will house approximately 300 employees acting as a support department for the operators growing European footprint. Confirming the office opening to SBC, Betsson …

Updating the market, IGT Group (IGT) has informed that it has signed a six-year supplier services extension with the Texas Lottery Commission (Texas Lottery). The extension sees IGT continue to serve as the Texas Lottery’s principal solutions provider through to August 2026. The Texas Lottery has been a customer of IGT since its initial foundation in 1992. The partnership will …

Presenting its full broadcast schedule for UK racing in 2017, ITV Sports has revealed Frankie Dettori and Victoria Pendleton as new members of its ‘ITV Racing team’. ITV who takes over UK racing terrestrial broadcast from Channel 4 in January 2017, announced that legendary champion jockey Dettori would take on the role of ‘racing expert’. Pendleton a two-time Great British …