The board of 888 Holdings has vowed to return the business back to shareholder growth by implementing a new corporate strategy prioritising capital efficiencies and debt reductions.     This morning, the LSE gambling group posted a jam-packed full-year 2022 trading results alongside a Q1 2023 update outlining new corporate measures to optimise its enlarged business incorporating William Hill. FY2022 group revenues …

Premier League clubs have taken a significant step to reduce the coverage of gambling sponsorships by unanimously agreeing to remove gambling brands from the front of their matchday shirts.  The anticipated move makes the Premier League the first UK professional sports league to voluntarily implement such a measure phasing out betting sponsorships.  The decision comes after an extensive consultation process …

Over 40 MPs from across the political spectrum have joined forces to support various charities through the Betting and Gaming Council’s (BGC) annual ‘Grand National Charity Bet’ campaign.  Each MP will have a £50 stake to bet on a horse in the renowned Grand National, with all winnings will be donated to a charity of their choice, ensuring a positive …

The merger of Chilean casino giants Dreams SA and Enjoy has been scuppered as dealmakers declare “the process to be abandoned”.  The announcement was made via Chile’s Financial Markets Commission (CMF), which informed stakeholders that both companies had chosen to remain as separate businesses.   Merger terms had been agreed last year, in which Dreams shareholders would control the majority (64%) …

iGaming media publisher, Blexr has announced that it has acquired heritage online gambling review portal ThePogg for ‘a six-figure sum’. The deal will see the Malta-and-Barcelona-based publisher acquire ThePogg’s digital IPs and Alternative Dispute Resolution (ADR) service to help diversify its online portfolio and B2B offering. Founded in 2011 by affiliate marketing expert Duncan Garvie, ThePogg.com is recognised as one …

STS Group has reported on a consecutive record-breaking quarter performance, benefitting from continued growth in its home market of Poland. Opening its 2023 accounts, STS cites that Polish growth has helped its business overcome recent market exits in the UK and Estonia, announced during the close of 2022. Q1 trading saw the Warsaw SE-listed betting group achieve wagering results of …

Albania is making progress on ending its five-year prohibition on sports betting and gambling as a ‘draft law’ is placed under review by the government of the Balkans nation.  Since 2018, Albania has outlawed gambling except within state-sanctioned casinos. However, at the close of 2022, Prime Minister Edi Rama announced that the prohibition would be lifted as its measures had …

Intralot SPA has cited a return to a ‘better operational efficiency’ as the Athens-listed gambling technology group delivers improved EBITDA results despite registering a decline  in headline revenues.     Publishing full-year 2022 results, Intralot registered group revenues of €392m, reflecting a 5.1% decrease compared to FY2021 results of €414m. The decline in headline revenues was primarily attributed to the license expiration …

Spelinspektionen, Sweden’s Gambling Inspectorate, has welcomed the news that it will receive extra funding towards combating illegal gambling activities.  Authorised by the Riksdag, the Inspectorate will receive a further SEK 2.4m (€200,000) to its 2023 budget, allocated towards safeguarding Sweden’s regulated online gambling marketplace. The Inspectorate had requested additional funds to bolster resources, in a year in which it “handle …