The board of 888 Holdings has informed markets that the UK Gambling Commission (UKGC) will take no further regulatory action against the LSE-listed gambling group. This morning, 888 issued a corporate update announcing that the Gambling Commission had completed its license review, initiated in July 2023 due to regulatory concerns raised on FS Gaming’s investment in the LSE firm. Investors …

Penta Investments is reported to be weighing up a ‘possible sale’ of its gambling asset, Fortuna Entertainment Group (FEG). As reported by Reuters, the Central and Eastern European private equity fund is open to offers to acquire Fortuna Entertainment, recognised as the biggest betting firm of the Czech Republic and Slovakia. The private equity fund of Czech moguls Jaroslav Hascak …

Gambling.com Group has demonstrated its “capital-efficient business”, achieving all commercial and operating objectives for 2023. Publishing its full-year 2023 accounts this afternoon, the Nasdaq media group confirmed its agreed $42.5m acquisition of FreeBets.com and related European and Canadian market assets from rival publisher XL Media Plc. Prior to the deal announcement, Gambling.com concluded FY2023 trading, achieving peak revenues of $108m, …

XLMedia Plc has informed the markets that it has reached a binding agreement to sell its media assets for Europe and Canada to Gambling.com Group. The deal terms will see Gambling.com acquire XLMedia’s European and Canadian market portfolios for a total consideration of up to $42.5m , including a fixed sum of $37.5 million and a potential earnout of up …

Lottstift, Norway’s Gambling Authority, has been granted ‘direct powers’ to order DNS and IP blocking of websites infringing on the laws of Norway’s Gambling Act. The mandate was approved by the Storting (Parliament) on March 19, as a majority of MPs backed market protections sought by Lottstift against unlicensed operators. The approval sees Lottstift secure DNS and IP blocking rights …

Racecourse Media Group (RMG) has promoted Ben Dowding to the new role of Chief Betting Officer (CBO). The internal promotion follows RMG’s merger of its British and International betting teams, where Ben Dowding had previously served as Director of Betting at RMG. As detailed by Nick Mills, CCO of RMG: “With many bookmaker clients increasingly approaching rights acquisition on a …

Sportradar AG has achieved all commercial and operating objectives of a ‘dynamic 2023’ as the Nasdaq sports technology group sets the target of surpassing €1bn in corporate revenues in 2024.  Publishing its full-year 2023 accounts, Sportradar lauds its third consecutive year of double-digit growth as corporate revenues stand at €878m, 20% above FY2022 results of €730m.  Double-digit growth in headline …

David Taylor, Head of Evidence Assurance and Evaluation at the UK Gambling Commission (UKGC) has outlined an “proportionate approach” to evaluating the potential measures of the Gambling Act Review and their effectiveness. Taylor noted that the UKGC’s involvement in the changes to gambling regulation in the UK does not end once the changes have been implemented, as alongside the Department for Culture, …

Xtremepush has confirmed the appointment of Morten Tonnesen as Chief Growth Officer (CGO) of iGaming’s leading supplier of customised CRM solutions and marketing campaign optimisation services. An expert in all disciplines related to customer engagement, Tonnesen is a seasoned iGaming executive having led global marketing units for PokerStars (2011–2017). Of distinction, Tonnesen has further served as CEO and Co-Founder of …

The board of Gambling.com Group has announced that it has secured a new $50m credit facility backed by Wells Fargo Bank. The credit facility will be used by the Nasdaq-listed igaming media company for “general corporate purposes, to settle deferred consideration, and to fund potential growth opportunities.” Investors were informed that Wells Fargo will provide its $50m allotment in two …