Betdigital has appointed government and technical consultant Professor Walter Patterson to ensure compliance with regulatory frameworks across jurisdictions in which the company operates. His work for various government bodies is internationally focused and includes analysis of performance data in educational systems. Betdigital’s newest recruit also holds an Honours degree in Mathematics and Statistics and a Masters in Operational Research. His …
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Cyberworld Studios ready to invest in social gambling
Mobile games and app developer Cyberworld Studios has announced that it will begin to invest in the burgeoning social gambling sector, as it looks to increase its product portfolio and offerings. Cyberworld management stated that it was currently researching market and player trends in hopes of entering the lucrative social gambling market. The developer will look to create content partnerships …
Read More »Churchill Downs to acquire Big Fish Games for $885 million
US racetrack operator Churchill Downs announced that it has entered definitive merger agreements for the acquisition of mobile and social games developer Big Fish Games, Inc. The company is preparing for a $885 million (£560 million) acquisition deal for the games developer, which will comprise of a $485 million base consideration and an attached earn-out payment of up to $350 …
Read More »Perform Group to de-list as Access Industries takes over
Perform Group is to be de-listed from the London Stock Exchange following reports that private investment group Access Industries is set to acquire the media rights and data operator. In September Access Industries lead by US billionaire Len Blavatnik had begun its pursuit of Perform Group, offering a + £700 million cash offer to company shareholders. Perform Group governance appealed …
Read More »Sportech optimistic despite US wagering decline
Betting pools and horseracing operator Sportech said its profits should fall within corporate forecasts following its trading update for the period from 22 August to 10 November 2014. The operator has been hit a 2% fall in bet wagering generated from its US racing operations, Sportech commented that the decline had been caused by changes made to the racing calendar. …
Read More »Official MGS iGaming Networking Party: Meet the Sponsors
Next week sees Sports Betting Community Asia and Asia Gaming Brief host the Official MGS iGaming Networking Party at SPLASH at the Four Seasons Macao. The networking evening, which is being held on 18 November, is promising to be one of the most entertaining evenings on the calendar, with plenty of business to be conducted in a relaxed, social atmosphere. …
Read More »Playtech plans €315 million convertible bond for acquisitions
Igaming technology provider Playtech announced plans to raise €315 million (£250 million) in convertible bonds in order to fund potential corporate acquisitions. The Israeli gambling technology provider stated that the convertible bonds would be used to increase funds and ease mechanisms for future acquisitions. Playtech added that it had identified a set of potential opportunities that would create ‘significant value …
Read More »Bet Advisor Form Table – Davide Palombi hits new heights!
Stefano Saccani Bet Advisor Affiliate & Business Development Manager reviews BetAdvisor.com’s tipsters form and betting highlights: Week 4 Davide Palombi – Tipster of the Week The tipster of the week goes to Davide Palombi, who had to fight off several tipsters who had a great week with us here at Bet Advisor. With odds on the high side for a …
Read More »Gala Coral ‘expects Q4 profits increase of 20%’
Gala Coral has released its preliminary unaudited 2014 Q4 and full year performance results (period ending 27 September). The operator recorded an increased Q4 2014 revenues of £288.3 million up 21% on Q4 2013 £238.6 million. Increased gaming revenues were supported by improved Q4 gross profits of £211.7 million up 20% on Q4 £175.8 million. Gala Coral expects to post …
Read More »BetVictor appoints Andreas Meinrad as new CEO
Gibraltar based sports betting operator BetVictor has announced the appointment of Andreas Meinrad as new Chief Executive Officer. Meinrad joins Betvictor operations having served as Chief Commercial Officer for bwin.party. The operator informed its staff of the appointment, Meinrad is set to join BetVictor operations in 1 February 2015. Meinrad has held numerous senior management positions at bwin.party sports betting …
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