Europe

Italy approves Reorganisation Decree for Online Gambling

SBC News Italy approves Reorganisation Decree for Online Gambling

Italy will undertake a sweeping reform of its online gambling laws in 2024, as the government approved the ‘Reorganisation Decree‘ mandate needed to settle long-standing industry conflicts. On Tuesday, the government declared that it had approved the terms of the Reorganisation Decree, as proposed by the Ministry of the Economy and Finance (MEF). The Decree will see Italian gambling undertake …

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Germany’s free gambling addiction hotline secures multi-year funding

SBC News Germany's free gambling addiction hotline secures multi-year funding

The German gambling regulator, Gemeinsame Glücksspielbehörde der Länder (GGL), has secured financing for the country’s free gambling addiction hotline of the Federal Center for Health Education – BZgA – for the next few years. The GGL declared that the main associations of the German gaming industry have jointly- backed the BZgA hotline with further funding. Covering a third of the …

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Estonia to limit social exposure of gambling

SBC News Estonia to limit social exposure of gambling

Social media influencers based in Estonia are potentially looking at stricter regulations surrounding the online advertisement of products and services that require a minimum age check such as alcohol and gambling.  This was made clear after the Estonian Ministry of Economic Affairs and Communications announced that it is currently drafting a bill that will introduce amendments to the regulatory framework …

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Blackstone parks CIRSA IPO plans 

SBC News Blackstone parks CIRSA IPO plans 

CIRSA will not pursue a public listing in 2024, as the investors of the heritage Spanish gambling group have reportedly “parked plans for an IPO”. Concluding 2023 trading, CIRSA announced that it had changed its legal identity to the new name ‘CIRSA Enterprises’, reflecting the firm’s business transformation since its majority acquisition by private equity giant Blackstone in 2018. The …

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Gauselmann officially renamed Merkur Group

SBC News Gauselmann officially renamed Merkur Group

German gaming giant Gauselmann Group has officially changed its name to Merkur Group. The rebranding was completed on 1 January with the entry in the commercial register and – 67 years after its foundation – the holding company Gauselmann AG will now operate under the new name Merkur.com AG.  The company’s Founder and Chairman of the Management Board, Paul Gauselmann, …

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Buzz Bingo in breach of ASA rules with ad that “appealed to children”

SBC News Buzz Bingo in breach of ASA rules with ad that “appealed to children”

The Advertising Standards Authority (ASA) has issued a ruling on a Buzz Bingo Group advert which included cartoon Halloween imagery that was “likely to appeal to children”. In challenging whether the ad breached the CAP Code, Buzz Bingo emphasised that the material was featured on its social media page which was restricted to Facebook users aged 18 years and above.  …

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Low6 Chief Strategy Officer Josh Turk accepts Director role

SBC News Low6 Chief Strategy Officer Josh Turk accepts Director role

Low6 Limited has announced the appointment of Josh Turk to its Board of Directors. Still continuing in his position as the supplier’s Chief Strategy Officer, Turk now joins Chairman of the board Andy Clerkson, Low6 CEO Jamie Mitchell and Non-Executive Director Jeffrey Haas.  Clerkson praised Turk’s ‘substantial igaming and technology expertise’, stating this will help the group accelerate its transformation …

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Ricky Sandler to create ‘lasting value’ in joining Entain board

SBC News Ricky Sandler to create ‘lasting value’ in joining Entain board

Entain has appointed Ricky Sandler to its board of directors in a bid to improve investor relations and maximise shareholder value.  Sandler – founder of a global investment management organisation Eminence Capital – has been vocally critical of the FTSE 100 gambling group’s strategy in 2023. He will also join Entain’s People & Governance and Capital Allocation committee, both with …

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Codere appoints PKF Attest to audit 2023 accounts

SBC News Codere appoints PKF Attest to audit 2023 accounts

Grupo Codere SA has appointed PKF Attest to serve as the principal auditor of the gambling group in the Spanish and South American markets. The Spanish unit of PKF Attest will replace EY, which in 2023 severed ties with Codere, ending its seven-year tenure as an independent auditor, having overseen audits on consecutive debt refinances needed to maintain Codere’s embattled …

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Altenar bolsters position in Balkans region with Magic Bet

SBC News Altenar bolsters position in Balkans region with Magic Bet

Altenar has signed a partnership with Bulgaria operator Magic Bet to supply its products for online use. The deal sees the sportsbook and igaming software supplier  bolster its position within the Balkans region, following its launch in the market earlier this year, by integrating its technology onto Magic Bet’s platform.  Panagiotis Lantzas, Account Manager at Altenar, commented: “Bulgaria is a …

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