Europe

Eastern European investment group Penta Group Investments (Penta) has announced that it will move to buy outright the remaining shareholding of Czech-listed gambling operator Fortuna Entertainment (Fortuna). At present, Penta holds 68.25% of the corporate equity in Fortuna through gambling investment subsidiary Fortbet. Penta management will aim to turn Fortuna into a wholly-owned private company, removing the firm from its listings …

FTSE-listed bookmaker Ladbrokes Coral has claimed a “world first technology” by taking full end-to-end control of its licensed video content. In partnership with iGame Media, Ladbrokes Coral has developed a new video streaming platform which merges the enterprises combined API video content providing users with a unified front-end experience using a single player across all digital outlets. Updating the market, …

Paddy Power politics has announced Nigel Farage as the face of its recruitment drive to fill the vacant ‘Head of Trump Betting’ vacancy. The bookmaker revealed the move in a witty blog posted on 1 April, which led many to believe it was merely an April Fools joke. Confusion reigned supreme but Paddy Power have since confirmed that it’s deadly serious …

Updating the market, European bookmaker Tipbet has informed that it will integrate a further two new products offered by industry player acquisition and affiliate software provider NetRefer, as the company looks to optimise its digital channels. Tipbet marketing furthers its relationship with NetRefer, who currently supply the bookmaker with its affiliate marketing platform and provisions. Moving forward Tipbet will integrate …

Issuing a market update, the governance of Stockholm Nasdaq-listed Betsson AB has informed that the company has changed its investor dividend policy ‘in order to increase the company’s financial capabilities’ in order to be active in the consolidated European online gambling sector. The new dividend scheme will be applicable as of this year and will see Betsson governance reduce its …

Stockholm-listed Cherry AB has announced the appointment of two new executive team members in Christine Rankin as Group CFO and Carolina Haglund Strömlid as new Head of Investor Relations & Corporate Communications. Taking over Cherry auditing and controllership duties with immediate effect, Christine Rankin joins Cherry AB as new Financial Officer. A PWC certified accountant and former partner, Rankin has …

EnergyBet has entered the virtual sports betting market for the first time after agreeing to offer its customers a range of markets from industry provider Leap Gaming. The partnership, which underlines EnergyBet’s commitment to creating a premium sportsbook product, will see Leap Gaming provide its full quota of virtual sports including tennis, horse racing, dog racing, velodrome cycling, speedway, and …

Kambi Group Plc Chief Executive Kristian Nylén has stated that 2016 was the perfect period for his firm to test its services against its market competitors, detailing the high wagering activity recorded during the UEFA Euro 2016 football championships (June – July) and Rio Olympics (August). Publishing a forward-looking statement on Kambi’s ‘2016 Annual Report’, Nylen details that corporate governance …

Spread-betting firm Sporting Index is today celebrating its 25th year in business, having traded markets since being founded in April 1992. Since its historic first bet, a buy of Conservative seats in the 1992 General Election, Sporting Index has given punters 25 years of market spreads and ‘industry firsts’. Which include being the original two-way market, the first to offer cash …

Speaking to Bloomberg News, Rafi Ashkenazi Chief Executive of Amaya Inc has stated that his firm’s ‘appetite for risk’ will return once its internal operations are settled. Ashkenazi who took over the reins of Amaya last August following the controversial departure of former leader David Baazov, has so far focused his short tenure on reducing Amaya’s long-term debt and installing …