Europe

BetRegal.com, a new sportsbook created to provide its customers with the “highest possible value” in prices, is on the road to Russia for this summer’s FIFA World Cup. In the third diary of this World Cup series, Aly Lalani is talking about overcoming an unexpected hurdle, as addressing localization based issues threatens to dominate the operator’s build up to Russia …

The Sunday Times has this weekend reported that Paddy Power Betfair Chief Financial Officer Alex Gersh has signalled his intention to depart the FTSE100 betting group’s executive leadership team. The governance of Paddy Power Betfair is reported to have begun its executive search for Gersh’s replacement as group financial leader. Gersh will maintain the executive role with until his replacement …

GVC Holdings has announced the procurement of a 51% stake in Georgian operator Crystalbet for a €41.3m consideration, with a commitment to obtaining the remaining 49% in 2021. Coming to the agreement with the firms owner Mars LLC, the FTSE listed sports betting and gaming group stated “Crystalbet is the largest online sportsbook, and the second largest online gaming brand …

Issuing a market update, FTSE-listed online gambling group GVC Holdings has detailed that it has launched a ‘general syndication’ for its intended debt-financed takeover of Ladbrokes Coral Plc. Pursuing the larger FTSE100 Ladbrokes Coral enterprise, GVC governance has secured a syndicated ‘Lien Term B’ debt-bond valued at £1.4 billion (comprising £, € and US$ tranches). Furthermore, through the restructured debt …

FTSE100 betting group Ladbrokes Coral Plc may seek to significantly reduce its £8 million sports sponsorship budget, should the UK government drastically reduce FOBTs wagering levels through its pending industry review judgement. Operating as the UK bookmaker with the most exposure to FOBTs revenues, Ladbrokes Coral governance eagerly awaits the government’s judgement on machine wagering reductions, which is anticipated to …

Industry next-generation platform provider BtoBet has confirmed the promotion of Davide Ruggeri to the newly created position of Director of Sports. A seasoned industry executive, Ruggeri has served BtoBet as Head of Sportsbook since 2014, playing an instrumental role in expanding BtoBet’s presence within the Italian online betting market. In recent months, BtoBet has moved to redeveloping its internal structures, …

The International Tennis Federation (ITF) has announced an extension of its partnership with Sportradar, as it seeks to strengthen its integrity protection measures. As part of the fresh deal the sports betting solutions provider will use a fraud detection system, designed to monitor betting patterns across more than 50,000 ITF Pro Circuit tennis matches. Carsten Koerl, Sportradar Founder and CEO, …

Online betting exchange Matchbook (Matchbook.com) has further supported its ongoing 0% commission on racing wagers campaign, by announcing Joseph O’Brien and Bryony Frost as new brand ambassadors. In time for Cheltenham 2018, Matchbook marketing details that it has signed two of racing’s fast-rising stars, who will match the betting firm’s ‘ambitious trajectory’. Bryony Frost, 22, has been a revelation in her …

Paul Petrie is the co-founder and director of UK-based online bookmaker McBookie. A BetVictor white label, the firm specialises in Scottish betting markets – encompassing everything from novelty markets to Scottish junior football. We caught up with Paul to discuss the state of play for smaller British bookmakers, McBookie’s relationship with BetVictor and Scottish non-league sponsorship. ___________________________________ SBC: It’s no …

Stockholm-listed Catena Media Plc has announced Per Hellberg as its new Chief Executive Officer (CEO), taking up his new position on the board of directors later this year. In addition, it has also been detailed that acting CEO Persson Ekdahl will return to his role as Board Member and governance advisor.  Citing extensive international commercial experience from a variety of industries, …