James Browne, the Republic of Ireland’s Minister of State for Justice, has outlined the scope of an ‘extremely powerful’ gambling regulator in the country, but a Labour Senator has called for earlier action. Reported by The Irish Times, Browne detailed that ‘comprehensive legislation’ will support the creation and operations of an ‘extremely powerful’ regulator – which will be launched by …
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Sugal & Damani, the Indian lottery operator which has been participating in the fourth UK National Lottery licence competition, will reportedly withdraw from the bidding contest, according to The Telegraph. If the firm does withdraw its bid, four participants will remain in the competition – incumbent operator Camelot, former adult magazine publisher Richard Desmond, Italy’s Sisal and Allwyn, the UK …
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Raketech has secured a one-year revolving credit facility with Avida Finans for a total of €15 million, enabling the firm to continue embarking on strategic acquisitions. Interest on the facility – which replaces an existing facility with Swedbank of €10 million – stands at 4.25%, in addition to an annual upfront commitment fee. Furthermore, as well as assisting the firm …
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Flutter Entertainment has delayed its US Initial Public Offering (IPO) of FanDuel ahead of the resignation of Matt King, the CEO of the latter company – which is expected in the coming weeks. The FTSE 100 gambling group, which operates Paddy Power, Betfair and Sky Bet, had initially disclosed that it was pursuing a listing of a ‘small shareholding’ in …
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This summer, STATSCORE staff will not be building sand castles or diving into a hot sea, as this is the key time to sign and integrate some new leagues for whom the dynamic sports stats company becomes the exclusive data provider. Jakub Myszkorowski, Chief Commercial Officer of the Polish-based company, gives his insights on the goings on at the STATSCORE …
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President of Ireland Michael D Higgins has issued a statement regarding sports betting advertising, arguing that there are ‘serious questions’ to be addressed surrounding the issue, as his country embarks on a regulatory overhaul of the sector. The statement follows Higgins’ appearance at a 34-unit gambling rehabilitation centre in Wicklow operated by the Tiglin charity earlier this month, where he …
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The UK government’s review of the 2005 Gambling Act has been welcomed by the industry, and leading operator Entain in particular has praised the evidence-led approach to the regulatory overhaul. Speaking to Martin Lycka in the latest episode of the Safe Bet Show, Grainne Hurst, Entain’s Director of Corporate Affairs, discussed responsible gambling, the UK government’s review of the 2005 …
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Fanslide, an in-play fantasy football game, has decided to close its app on Sunday in a bid to encourage players to enjoy the EURO 2020 final between England and Italy. The company’s founder, Joe Cocozza, believes that closing the app will allow players to enjoy England’s first major tournament final for 55 years without any distractions. “We created Fanslide to …
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Betfred Limited has filed its 2020 corporate accounts (period reported up to 27 September), disclosing the impact of last year’s COVID-19 pandemic on its business units. The Done family-owned betting group saw its group wagers shrink from £10-to-£6.5 billion, a result of the enforced closure of its UK betting estates and further COVID-19 adjustments. Trading with an impaired retail unit, …
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Better Collective AS will host its new ‘Bookmaker Awards’ on September 28 in Amsterdam, recognising the best performing and most rewarding betting brands operating across five European markets. The revamped awards show will reward Europe’s best performing bookmakers, according to the customer feedback collected by Better Collective’s player communities of Betarades (Greece), Speltips.se (Sweden), SpilXperten (Denmark), Zagranie (Poland) and PariuriX …
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