Europe

UK hedge funds – Odey Asset Management, Bluecrest and Marshall Wace are reported to have taken substantial short positions against the future performance of UK licensed bookmakers. The hedge funds have taken the short positions as the UK government plans further regulation and legislation on betting operators online and offline operations. Short selling is a trading technique used by hedge …

Paddy Power are set to relaunch its Facebook real money sports betting app, as the bookmaker looks to leverage its Facebook presence and coverage by offering customers the ability to place bets through its Facebook app.The new version of its real money gaming app, will be re-branded ‘Paddy Power  Social’ (previously named ‘Paddy Power In-play app’). Paddy Power were the …

Sportradar suppliers of sports related data, is pleased to announce the data partnership with the International Basketball Federation (FIBA). Sportradar has signed a multi-year deal with the Inter- national Basketball Federation to become “Data Partner of FIBA”. Sportradar thereby acquired the non-exclusive worldwide right to collect, distribute and archive sports data of all adult competitions organised by FIBA for and to the media …

 Playtech, providerof igaming software and provisions, has confirmed that it will withdraw all its services from firms targeting the Belgian igaming market. The move by Playtech, which supplies numerous igaming operator software provisions, has seen Gala Interactive and William Hill notify affiliates, media partners and customers that it would no longer accept players from the region. Playtech took the decision …

Gaming software developer GameAccount Network boosted net revenue by almost £7m last year, financial records detail. The company, listed on both the Irish and London Stock Exchanges, increased net returns to £12.3m by December 31st, a jump of 123% on 2012 figures. Profit before tax yielded £1.6m, versus a subsequent loss of £1m the year previous. Commenting on some of …

Embattled Spanish listed gambling operator Codere SA, has been granted an extension to negotiate its €1.1 billion debt (£935 million). Codere pleaded to Spanish government courts that the operator needed more time in order to restructure its debt bonds in order to avoid creditor insolvency. Codere SA have been granted a ten day extension to prove its debt strategy  by …

Team SBC catches up with  Alexandru Teodorescu Senior Sales Manager for EveryMatrix, to discuss the changing role of software providers in igaming. Ahead of the upcoming Betting on Football Conference (8 May Stamford Bridge) Alexandru discusses current impacts, player habits and future trends that will effect software and gaming provisions for the sector. Alexandru Teodorescu has nine years of experience within the …