Legacy online betting community OLBG has declared that it has achieved a major milestone by distributing over £1m to its users through free-to-enter tipster competitions. Since its inception in August 2003, the platform has awarded a staggering 76,953 prizes, with the most successful winners earning up to £9,115 each. With its growing community and platform, OLBG competitions cover a wide …

UK gambling will no longer have the support of the All-Party Betting & Gaming Group, which has called time on its parliamentary activity for the foreseeable future.  The decision was announced by Secretariat Steve Donoughue, who cited that officers had chosen to close the All-Party Parliamentary Group (APPG) formally. “We would like to thank all of the Parliamentarians who have …

The House of Commons Treasury Committee has recommended “treating retail investment in cryptocurrencies like gambling”, due to the high volatility of value changes of cryptoassets and potential for consumers to lose their entire investment.  The recommendation forms part of the Committee’s report evaluating the “potential benefits of cryptoassets and their underlying technology value, and the risk of investment in cryptoassets”. …

Catena Media Plc maintains confidence in its corporate reorganisation and long term growth targets, despite a difficult start to year trading, dragged by underperforming US results.  Publishing its Q1 2023 trading update, total group revenue from continuing operations stood at €35m, down 5% on corresponding 2022 results of €37m. Period trading saw Catena’s North American unit impacted by a 2% …

Better Collective AS has opened FY2023 trading with a further consecutive recording-breaking quarter, underlining the success of its strategic business shift and M&A strategy.  The results of Q1 2023 have been deemed as a “high-water mark in its financial performance” as group revenues total €88m, up 30% on corresponding 2021 results of €67m. “We’ve achieved another record-breaking quarter. The performance …

888 Holdings has confirmed the appointment of Ben Hurst as Vice President of North American Expansion.  Hurst will be charged with overseeing North American strategic growth opportunities for 888 as well as the SI Sportsbook and SI Casino brands, as part of a US partnership with Authentic Brands Group.  A seasoned US sports executive, Hurst has formally served as the …

Guillermo Lasso, President of Ecuador, has published a tax reform proposal aimed at improving the economic recovery and fiscal standing of the South American nation. Personally drafted by Lasso, the proposal forms part of an ‘urgent economic project’ and will be put forward to the National Congress of Ecuador, who will be given a 30-day period to review the proposal …

Lottomatica Group SPA has lauded its strong return on the Borsa Milan, announcing record results across its core business units.  Publishing its Q1 2023 trading results, Lottomatica achieved a consolidated betting volume of €7,3bn, up 33% on 2022 comparatives of €5.5bn. The Italian gambling group’s units achieved combined gross gaming revenue (GGR) of €442m, up 20% on Q1 2022 results …

Paris Smith has announced that she has chosen to end her 17-year tenure as Chief Executive of Pinnacle. Posting a LinkedIn update, Smith informed that she would be “stepping away from the intense day-to-day requirements of the CEO role to transition into an advisory role with Pinnacle.”  Smith announced that she would now focus on working on new opportunities and …

René Jansen, Chairman of Kansspelautoriteit (KSA), the Netherlands Gambling Authority, has endorsed the regulator’s toughened stance against unlicensed gambling activities.    Writing a blog on the KSA website, Jansen stands by the decision of Legal Protections Minister Franc Weerwind to impose a ban on untargeted gambling adverts from 1 July 2023.  Jansen has deemed the advertising ban as a necessary measure …