Europe

SOFTSWISS: Players ‘more cautious’ with crypto bets in 2024

SBC News SOFTSWISS: Players ‘more cautious’ with crypto bets in 2024

SOFTSWISS has reported that interest in crypto betting remains steady, although fiat currencies remain the ‘dominant form of payment’. The latest findings from the igaming solutions provider demonstrated that cryptocurrency accounted for around a quarter of all online bets during Q1 2024, with crypto bet sum growing by over 20% year-over-year, although just 2.4% from the previous quarter. Although not …

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NOGA: Dutch gambling tax increase should form no part of Coalition talks

Netherlands joins Belgium with 1 July betting ad clampdown

Dutch Online Gambling Association (NOGA) has cited ‘great concerns’ on gambling tax increases being adopted as part of ongoing negotiations to form a new coalition government. On Wednesday, the quartet of parties who are in ongoing discussion to form a majority government submitted their agreed ‘budgetary appendix’ to the House of Representatives. Led by Geert Wilders, the Party for Freedom …

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Bulgaria’s ban on gambling ads enters State Gazette

SBC News Bulgaria’s ban on gambling ads enters State Gazette

The changes to Bulgaria’s Gambling Act are now officially a law starting from today.  Businesses were previously notified that they would have three days to adapt accordingly after the changes are published in the State Gazette, which happened this Tuesday after a sign off by Bulgarian President Rumen Radev. The new legislation represents the country’s biggest gambling market overhaul in …

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Sportradar asserts AI-backed odds tech driving operator profits

SBC News Sportradar asserts AI-backed odds tech driving operator profits

Sportradar has reported that its AI-driven personalised odds technology, Alpha Odds, made a significant contribution to operator trading during UEFA European Championship qualifying matches. The firm outlined that Alpha Odds has boosted bookmaker profits by 15% during the qualifying fixtures. With the upcoming UEFA Euro 2024 anticipated to generate more than €62.2bn in global betting turnover, Sportradar emphasised that operators …

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XLMedia FY2023 stung by $57m US & Euro writedowns

SBC News XLMedia FY2023 stung by $57m US & Euro writedowns

XLMedia Plc trades on a leaner portfolio following the strategic divestment of non-core assets in Q1 2024, aimed at returning the company to growth. This morning, the London AIM affiliate media publisher posted its full-year 2023 results, reporting statutory operating losses of $45m. Corporate accounts booked a ‘necessary write-down’ of $57.3m, related to the reorganisation of its US network and …

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BGC and Rank welcome DCMS’ positive response to modernise UK casinos

SBC News BGC and Rank welcome DCMS' positive response to modernise UK casinos

Voices from the industry continue to pour down in support of yesterday’s DCMS response to the UK Gambling Commission (UKGC) consultation on modernising land-based venues.  Part of the Gambling Review White Paper, the consultation seeks to clear up the fog around licenced businesses operating physical casinos in the UK caused by the mandatory compliance with two separate legislations – the …

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Betano extends Lisboa e Benfica sleeve sponsorship

SBC News Betano extends Lisboa e Benfica sleeve sponsorship

Betano has extended its sponsorship of Sport Lisboa e Benfica for a further three years. In the 2021/22 season, the Kaizen Gaming-owned sports betting brand was the first to occupy the sleeve of the Liga Portugal team’s official kit, and will now remain as the official betting sponsor’ until the 2026/27 season. Julio Iglesias, Chief Commercial Officer at Kaizen Gaming, …

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Better Collective triggers UK power play acquiring AceOdds for €42m

Better Collective

Better Collective A/S will significantly expand its presence in UK betting, having agreed terms to acquire AceOdds Media and all related assets. Closing trading on 16 May, Better Collective declared to markets that it had acquired AceOdds for a total consideration of €42m, “expanding its foothold in the UK”. As reported, the €42m deal implies a 4x valuation on AceOdds’ …

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French Médiateur tells ANJ to toughen duties preventing excessive gambling

SBC News French Médiateur tells ANJ to toughen duties preventing excessive gambling

Médiateur des Jeux, France’s gambling mediator issued its annual report this week in partnership with industry regulator Autorité Nationale des Jeux (ANJ) and urged operators to do more to prevent cases of excessive gambling. As part of four key recommendations, Denys Millet, an honorary magistrate and France’s gambling mediator, said that currently French operators are “almost systematically” delaying or rejecting …

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