Updating the market, Athens listed lottery and gambling technology provider Intralot SA has confirmed that it has acquired a strategic stake in Eurobet Bulgaria. Intralot governance processed a 49% equity stake in Eurobet via its Bulgarian subsidiary BILOT. INTRALOT. Declaring its investment in Eurobet, Intralot governance stated that its venture investment would help ‘strengthen its market presence in Eastern Europe’. …

Continuing its commitment to Yorkshire technology and social enterprise, Sky Betting & Gaming (SB&G) has announced that it will invest a further £1 million on its ‘Commercial Academy’ programme. Geared towards graduate recruitment, SB&G’s Commercial Academy will offer a range of opportunities across the company’s HR, finance, marketing and commercial divisions. SB&G detailed that positions offered by its Commercial Academy …

Twitter has been announced as the surprise streaming service for NFL Thursday nights. The social media network won the ‘NFL Global Streaming’ bid competing against the likes of Yahoo, Amazon and Verizon Global. Twitter will be allowed to stream ten NFL Thursday Night matches (in conjunction with CBS and NBC broadcasts) to its worldwide user base of approximately 350 million. …

Irish news sources have reported that Paddy Power is set to cut up to 300 jobs from its Dublin operations in-line with its post Betfair merger strategy. The betting operator informed its Dublin staff yesterday. It is reported that the job cuts will likely be in overlapping business areas such as marketing, technology development and trading. Paddy Power Betfair (PPB) …

Matt Davey Chief Executive of Toronto-listed igaming supplier NYX Gaming (NYX), has declared that ‘maintaining independence’ will be the key to acquired asset Openbet’s long term success. Reaching a binding agreement for its £270 million acquisition of Openbet from long-term private equity owners Vitruvian Partners, NYX’s deal will be part funded by William Hill (contributing £80 million) and Sky Betting and Gaming …

The Officers of the Parliamentary All Party Betting & Gaming Group have announced the launch of their Parliamentary seminar series looking at the Future of Gambling. The first seminar will be held on Tuesday 19th April 2016 and will be on The Future of Online Gambling. The speakers will be Clive Hawkswood, CEO of Remote Gambling Association (RGA), Anthony Werkman, Director of …

Toronto TSX-listed NYX Gaming Group has updated the market, announcing that it has entered a ‘binding share agreement’ to purchase 100% of Openbet from private equity firm Vitruvian Partners LLP. NYX Gaming governance disclosed that it has placed a total consideration of £270 million for Openbet assets, which will include the repayment of the firm’s existing £95 million debt. The …

Stockholm Nasdaq-listed Catena Media has this morning announced that it has agreed to acquire online gambling review and player services portal AskGamblers.com (AskGamblers) for a total consideration of €15 million. Catena Media, who specialise in affiliate marketing and player acquisition services for the European igaming sector, completes its third strategic acquisition of 2016. Gibraltar-based AskGamblers is considered one of the …

Tabcorp international racing subsidiary Sky Racing World has extended its broadcast coverage in the South American market by announcing a content partnership with Buenos Aires racetrack Hipodromo Argentino de Palermo. The Louisville (Kentucky) based firm is set to provide simulcasts from races taking place at the Hipodromo and broadcast the content to its syndicated racing content partners in the US, …

UK racing stakeholders are planning to launch a rival pool betting business to compete against the Betfred owned Tote, according to the Mail on Sunday. Plans for a new betting pool are being led by The Jockey Club and Racehorse Media Group, in conjunction with several interested parties. However the Tote currently has a statutory monopoly on horseracing pools, which …