In a move to increase its cash capital, London AIM-listed mobile gambling firm Nektan Plc has confirmed that it has sold three of its gaming brands to Buckingham HMB for a cash consideration of £1.75 million. Agreeing on the sell-off, Nektan will transfer Chomp Casino, Spin Princess and Sapphire Rooms to the ownership of Buckingham HMB. Nektan governance maintained that the three …

Len Blavatnik’s firm Access Industries, which has investments in the media & technology sectors, is reported to have rejected a number of co-funding approaches from US tech giants in Perform Group (Perform). This weekend The Daily Telegraph reported that Blavatnik had turned down equity funding partnerships from the likes of Amazon, Facebook and YouTube, as Access Industries aims to turn …

This weekend’s shock news that London Mayor Sadiq Khan has sided with Owen Smith against Jeremy Corbyn in the Labour Leadership Election has seen bookmaker William Hill reduce its odds on Smith winning party leadership from 11/2 to 9/2. Khan who had been thought of as a ‘Corbyn stalwart’, changed his position on the current Labour leader, citing that the …

The Victoria (Australia) state government has begun consultations on potential restrictions to gambling services advertising. Multiple Australian news sources have reported this weekend that state governance is reviewing plans to ban gambling advertisements being published within public transport services and near schools. State Gaming Minister Marlene Kairouz who is reviewing advertising standards proposals, commented that Victoria’s community was concerned with …

Midlands Premier League football club West Bromwich Albion have confirmed Coral as its Official European Betting Partner Detailing terms the three-year agreement will see the bookmaker’s brand feature on various advertising sites at The Hawthorns, including interview backdrop and pitchside. Coral will use the partnership to introduce its online and mobile betting service to Albion fans and plan to offer …

BetConstuct’ s Parandzem Avagyan details initial key fundamentals and logic for new market entrants planning to launch online casino enterprises. In the following article BetConstruct offers the following essential checklist for industry stakeholders…. ________________________ Global online casino and gaming market is on the rise with more countries and states legalizing and regulating online gambling. The latest news that excited operators and technology …

Australia ASX-listed racing and fantasy sports operator TopBetta has confirmed that it has raised AUS $2.6 million (£1.5 million) through a share placement funded by a group of ‘sophisticated and institutional’ investors. Placing 14.5 million shares at AUS $0.18, TopBetta governance will use the funds to implement an ‘aggressive growth’ strategy targeting customers during the key period of Spring Carnival …

City analysts are eagerly awaiting Paddy Power Betfair’s (PPB) H1 2016 financial update on Wednesday 24 August, as the newly listed FTSE operator updates the market and its investor on merger progress. Close attention will be paid to PPB’s ongoing convergence strategy, as the company has undertaken a series of restructures to its marketing and operational divisions with PPB governance …

This Saturday’s UFC 202 main event between  Nate Diaz vs Conor McGregor 2  has divided the world of mixed martial arts as to who will win this Saturday’s much-anticipated rematch. In 5 March, Diaz who took the fight on ten days notice shocked the world of fighting by submitting McGregor to a second round choke-hold ending the boisterous Irishman’s unbeaten run …

Updating the market, Caesars Entertainment Corporation (CEC) has announced that it has settled one of several bondholder lawsuits filed against debt holding subsidiary Caesars Entertainment Operating Company (CEOC). Filing a Securities and Exchange Commission notice on Wednesday, CEC governance detailed that it had settled with creditor Frederick Barton Danner a 6.5% bondholder in CEOC notes. Danner representatives have confirmed that they …