Europe

Anders Ström, Kambi Chair, and Kristian Nylén, Group CEO, have reflected on a year of strategic and operational progress, as 2023 saw a shift in the firm’s business model. Addressing investors, the duo reflected on a year which saw €173.3m in revenue, multiple operator signings and partnership extensions, as well as sportsbook launches, amongst other successes. Speaking of the Stockholm-listed …

On the backdrop of a revenue slowdown in Q4 ‘23, igaming company Bragg has assembled a new committee to look over potential strategic routes for the business going forward.  Some of these routes could include full or partial assets sale, a merger/acquisition, and/or a review of the company’s financing – with no due date for a decision being given by …

The UK Gambling Commission (UKGC) has confirmed that all licence holders must submit regulatory returns on a quarterly basis from 1 July.  The decision follows a ‘consultation response’ to review the frequency of regulatory returns observed by all licence holders. As such, the Commission will amend Licence Condition 15.3.1 to impose mandatory quarterly submissions to improve the “harmonisation of reporting …

Française des Jeux (FDJ) will continue to focus on the international development of its lottery and online sports betting and gaming activities to enable the group to become “a leading international gaming” business in 2024 and beyond. Writing in FDJ’s annual report, CEO Stéphane Pallez said the group has set itself the aim to “deploy our strategy with determination” in …

Sportradar has partnered with Oddin.gg to offer audiovisual streaming of the latter’s exclusive esports content to Sportradar’s global betting operator clients. The deal looks to support the esports betting-solutions provider’s growth in the expanding global esports market. Patrick Mostboeck, SVP of Fan Engagement at Sportradar, said: “This agreement further strengthens Sportradar’s esports offering while supporting Oddin.gg in realising their growth …

888 Holdings has confirmed its strategic exit from the US market, selling all associated B2C assets to Hard Rock Digital (HRD). In March, 888 notified investors that it had initiated a strategic review of its US B2C business, “considering all available options”. The decision saw 888 announce that it had mutually agreed to terminate its Sports Illustrated (SI) Sportsbook and …

Harris Hagan has announced the promotion of Senior Associate David Whyte to Partner at the City of London law firm. The decision follows Whyte’s successful tenure as a Senior Associate, where he supported Harris Hagan’s legal practices and framework within the global gambling sector. Whyte joined Harris Hagan in 2019, having previously worked in-house within the online and land-based sectors. …

The British Horseracing Authority (BHA) has invited people from ethnically and culturally diverse backgrounds working in racing to share their views.  A short survey form, funded by the Racing Foundation, has now been opened is completely anonymous and will run until 31 May 2024. The BHA is seeking experiences of the industry via the survey. BHA Chief Executive, Julie Harrington, …

Italy’s Ministry of the Economy and Finance (MEF) has begun discussions with regional executives on how the changes from the decrees to ‘Reorganise Gambling’ will be applied. Negotiations have begun in which the Ministry has been instructed to secure alignment for new federal laws on gambling to be implemented across Italy’s 20 autonomous regions and 100 municipalities. Changes primarily impacting …

Spotlight Sports Group has announced a partnership with AK Bets that will see the bookmaker become the title sponsor of the Racing Post’s golf betting show. Named The Sweet Spot, the technology and media company’s show will feature revered golf tipster Steve Palmer and host Jack Reeve, and will be distributed every Tuesday. Anthony Kaminskas, Founder of AK Bets, said: “I have …