Ted Menmuir

Betdigital appoints Professor Walter Patterson for compliance guidance

SBC News Betdigital appoints Professor Walter Patterson for compliance guidance

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

SBC News 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 …

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Churchill Downs to acquire Big Fish Games for $885 million

SBC News 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 …

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Perform Group to de-list as Access Industries takes over

SBC News 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 …

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Sportech optimistic despite US wagering decline

SBC News 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. …

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Playtech plans €315 million convertible bond for acquisitions

SBC News 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 …

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Gala Coral ‘expects Q4 profits increase of 20%’

SBC News 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 …

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BetVictor appoints Andreas Meinrad as new CEO

SBC News 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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