The Ukrainian Gambling Council (UGC) has reached out to Google in the hopes it will stop blocking all advertising of licensed gambling organisers in the country. In explaining its reasoning, the regulator emphasised that this does not comply with the current legislation, leads to losses for both business and the state budget of Ukraine and helps illegal operators to enrich …
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Stake unveils first partnership with an esports event
Stake has announced a new deal with the Champion of Champions Tour (CCT). The operator will be the exclusive betting partner for the English broadcast of the large-scale CS2 esports event – organised by GRID in cooperation with Eden Esports. The brand aims to connect with esports fans and provide content and activations throughout the event. The new agreement is …
Read More »Rank opens 2024/2025 trading on double digit growth across all units
Rank Group Plc has reported a strong start to the 2024/2025 financial year, with all business units contributing to growth for the heritage LSE-listed gambling group. Trading for Q1, covering the period up to 30 September, saw Rank achieve a 13% increase in corporate net gaming revenues (NGR), reaching £198 million. On a per-channel basis, Venue NGR grew by 10%, …
Read More »Entain hails online recovery as EBITDA target is upgraded to +£1bn
Entain Plc cites confidence in achieving the strategic objectives of year one of its corporate reorganisation, as a new leadership team takes charge of the FTSE100 gambling group. Appointed in September, Gavin Isaacs issued his first statement as Group CEO: “My first few weeks as CEO of Entain have reaffirmed my view that this is a very good business operating …
Read More »Premier Lotteries fined by Ireland regulator over system failures
Ireland’s National Lottery operator, Premier Lotteries Ireland, has been fined by the country’s regulator over a bug in its system that led to some winning tickets potentially being voided. According to the Office of the Regulator of the National Lottery (ORNL), an error occurred with the lottery operator’s software back in 2022, allowing players to check their tickets prematurely while …
Read More »Codere reduces net-debt to €65m as creditors back €1bn recapitalisation
Codere SA has completed its Global Recapitalisation Programme, lowering the net debt of the Spanish gambling group to “approximately €65m”. The recapitalisation programme was agreed in June 2024, as Codere creditors agreed to reduce the firm’s long-standing debt from around €1.4bn to approximately €190m. The debt-reduction plan received majority approval from 90% of Codere creditors, who were given until 9 …
Read More »Abios grows esoccer offering in Sweden with Svenska Spel
Esports data and odds provider Abios has entered a partnership with Svenska Spel to supply its full esoccer offering. Svenska Spel is a major market leader in Sweden, providing customers in the local regulated market with an extensive choice of online sportsbook and casino products. As part of the deal, Kambi-owned Abios will give the Swedish operator full access to …
Read More »Ireland’s GRB affairs must be settled before General Election call
Oireachtas must settle and authorise the Gambling Regulation Bill (GRB) of Ireland as speculation mounts that Taoiseach Simon Harris and Tánaiste Micheál Martin will call for a General Election. The GRB has faced a grinding two-year review by the Dáil (Lower House) and Seanad (Senate) of Oireachtas, since being determined as a joint bill sanctioned by the Tri-coalition government of …
Read More »Flutter CEO urges Labour to streamline gambling above taxes
Peter Jackson, CEO of Flutter Entertainment Plc has warned the UK government that increasing taxes on online gambling will harm smaller operators and push consumers toward the black market. In an interview with the Financial Times, Jackson emphasised that higher taxes, which many states are considering, will inevitably lead to rising costs and a growing black market. Jackson participated in …
Read More »FanDuel and EuroLeague bring Europe basketball’s finest to US eyes
US-based online gambling firm FanDuel has teamed up with Euroleague Basketball in a broadcasting agreement spanning across the 2024/25 season. Under the contract, FanDuel will utilise its TV channel alongside its OTT platform FanDuel TV+ to exclusively broadcast to US audiences one game from every Turkish Airlines EuroLeague Regular Season round. By doing so, the gambling company will be able …
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