Europe

Further to publishing its 2020 interim statement this morning, Kambi Group has disclosed that it has reached a ‘mutual agreement’ regarding the phased conclusion of its US wagering partnership with DraftKings Inc. In 2018, Kambi secured its highest-profile US partnership win, becoming lead wagering systems provider for leading fantasy sports operator DraftKings, beginning its new venture in the nascent US …

Betsson Group has strengthened its portfolio of football products after securing a new partnership with sports betting solutions provider Banach Technology. Under the terms of the agreement, Betsson has agreed to roll out Banach’s ‘formidable squad of Match and Player Flash Markets’, allowing punters to ‘bet on rapid-cycling selections in any match’. The partitioned segments will cover binary outcomes around …

GVC Holdings has confirmed the promotion of Sandeep Tiku to Chief Operating Officer (COO), effective immediately as new Group Chief Executive Shay Segev restructures the firm’s senior executive leadership team. A GVC executive since 2014, Tiku has formerly served as Group Chief Technology Officer (CTO) leading key IT directives, system integrations and platform enlargement projects for the FTSE100 betting group.   …

Sapar Karyagdyyev, CEO of Gamingtec, looks at the key challenges when adopting a white-label solution, and why companies must exercise caution when entering the igaming market. Using a white label offering is one of the most popular solutions for entrants interested in beginning their casino or sportsbook operations. Browsing the internet, one can find lots of tips and suggestions explaining …

Kindred Group Plc stated that it has demonstrated its capacity as a ‘resilient and adaptable business’ by delivering growth across all core metrics during unprecedented times. Publishing its 2020 Interim statement, Kindred has recorded Q2 group revenues of £235m, up 4% on corresponding 2019’s £226m, as 2020 year-to-date revenues stand at £484m (YTD2019: £450m). Updating investors, Kindred stated that in …

Sports betting platform and systems provider Kambi Group has lauded its ability to ‘weather COVID-19’s profound impact on the sporting calendar’ as the cancellation of live sports hinders business operations during the quarter. Publishing its Q2 2020 report, Kambi revealed that ‘the combination of resilient betting volumes and a gradual return of major leagues and sports, complemented by significant cost …

Parimatch has moved to expand its virtual sports inventory, partnering with independent content supplier Global Bet. The Eastern European multi-market betting group has installed Global Bet’s ‘pro series content’ across its gaming and sports betting portfolio, allowing its customer to access ‘like-for-like virtual sports games that can be personalised for every operator’. Further to its statement, Parimatch declared that it …

Ongoing Russian developments have seen the state Duma accept the second and third readings of Bill 647044-7, significantly modifying Russia’s existing sports betting laws.   Originally presented to the Duma on 30 April, Bill 647044-7 has amended ‘federal regulations on activities for the regulation and conduct of gambling’. Within its mandate, the bill will allow the Kremlin to implement ‘limits on …

Spain’s Jdigital has submitted a ‘compendium of arguments’ to the European Commission (EC) highlighting that the introduction of the Draft Royal Decree breaches EU law on business practices and fair market arrangements. Jdigital, with the backing of the European Gaming and Betting Association (EGBA), argues that the Royal Draft Decree had not been subject to ‘public consultation’, and that it …