Ted Menmuir

Tabcorp extends NSW Keno licence until 2050 with AUS $25 million payment

SBC News Tabcorp extends NSW Keno licence until 2050 with AUS $25 million payment

Australian gambling operator Tabcorp has confirmed that it will make an upfront payment of AUS $25 million (£12.2 million) to the New South Wales (NSW) government for its extension of Keno gaming services. The NSW licence, will see Tabcorp extend it Keno provisions services until 2050. The operator is expected to pay an additional Aus $3 million in yearly licence …

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Unibet creates new brand & website for Maria

SBC News Unibet creates new brand & website for Maria

Unibet has confirmed that it is to overhaul its European igaming subsidiary Maria.com (online casino and bingo) with the operator focusing on creating a seamless and personalised multi-device experience for the brands players. The overhaul will see Maria.com rebrand under Mariacasino.com, with a new website focusing on optimising player engagement and loyalty, the operator will look to launch its new product …

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Melco drops Tbilisi casino project

SBC News Melco drops Tbilisi casino project

Asian gambling investment firm MelcoLot Ltd has ended its Tbilisi (Georgia) casino project plans. Issuing a short statement leisure operator Melco International Developments (owner of MelcoLot), declared that it had failed to reach terms with land developers Dhabi Group Georgia.   “Although every effort has been made to negotiate on the casino lease terms, the parties are unable to reach …

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ESPN ends DraftKings advertising partnership

SBC News ESPN ends DraftKings advertising partnership

US news sources have reported that Walt Disney Company subsidiary ESPN has decided to end its advertising partnership with leading US daily fantasy sports operator DraftKings. ESPN governance decided to end its multi-content advertising contract, valued at an estimated $250 million with the Boston based DFS operator following a contract review. The broadcaster did not offer any official explanation for ending …

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SG Gaming appoints Phil Horne as new CEO

SBC News SG Gaming appoints Phil Horne as new CEO

Scientific Games Corporation has confirmed the promotion of Phil Horne as CEO of subsidiary SG Gaming. Horne who currently serves as SG Gaming Group Managing Director will take over the leadership of the multi-content gambling technology provider when current Chairman Steve Frater retires on 31 March. Horne has served as SG Gaming MD since March 2013 prior to joining the …

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New client growth drives NetEnt 2015 revenue & profits

SBC News New client growth drives NetEnt 2015 revenue & profits

New client growth in the US, UK and Europe has helped Stockholm listed igaming content provider NetEnt AB post a FY 2015 revenue increase of SEK 1.1 billion (£910 million) up 34% on FY 2014’s SEK 850 million. Publishing its year-end 2015 performance (period January – December 2015), NetEnt governance recorded corporate earnings of SEK 401 million (£33 million) with …

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LeoVegas strikes Wembley Arena partnership

SBC News LeoVegas strikes Wembley Arena partnership

European mobile gaming operator LeoVegas Ltd has confirmed that it has signed an exclusive LED marketing agreement with Wembley Arena promotional management firm SSE Arena. The partnership which will last for the remainder of the calendar year, will see the LeoVegas’ brands promoted throughout LED Screens in and outside of Wembley Arena (capacity- 13,000), during entertainment events. SSE Arena will support …

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David Clifton – Licensing Expert – Ever increasing regulatory requirements & the need for local assessments

SBC News David Clifton - Licensing Expert - Ever increasing regulatory requirements & the need for local assessments

When I first started advising the UK betting industry in the 1980s, it lived in a very different regulatory world than it lives in today. It was a land-based industry. Remote betting took place only by phone. The Gaming Board for Great Britain (the predecessor to the Gambling Commission) had no jurisdiction as far as the betting industry was concerned. The …

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Strong 2015 sees 32Red pay-out special dividend

SBC News Strong 2015 sees 32Red pay-out special dividend

London AIM listed online gaming operator 32Red has announced that it will pay its investors a special year-end dividend of 3 pence per share. The announcement follows 32Red’s 2015 year-end corporate statement which saw the operator beat its set market expectations. Presenting its results on 31 January the operator saw growth in all top-line performance metrics, recording FY revenues of …

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‘All-time’ record breaking quarter sees Unibet close 2015 strongly

SBC News 'All-time' record breaking quarter sees Unibet close 2015 strongly

Stockholm listed betting operator Unibet Plc ended 2015 reporting an all-time record quarter performance for Q4 2015, which saw corporate revenues reach £111 million combined with underlying profits of £24.6 million. The operator’s strong year-end finish boosted 2015 results, as Unibet recorded FY corporate revenues of £354 million, up 13% on FY 2014’s £312 million. Publishing its unaudited year-end statement, …

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