UK

Spain’s Ministry of Consumer Affairs has reported that fines totalling €71m have been imposed on online gambling businesses during the first half of 2023. The Ministry, which oversees federal governance of Spanish gambling, stated that these penalties were imposed on 30 online gambling firms, in which the most ‘serious infractions’ of unlicensed gambling were fined ‘€5m each and suspended for …

Oddschecker Global Media (OGN) has launched a new igaming publisher, Confido Network, seeking to ‘redefine the affiliate network landscape’. Making its market entry, the platform will promote deals from over 200 betting brands, including high-profile names such as bet365, Unibet and BetMGM – the latter recently debuting in the UK market. Confido Network will also feature 70 affiliate platforms, with …

The debate around affordability checks has been an intense conversation throughout the overhaul of Britain’s gambling legislation, which the UK government hopes to update for the digital age. April’s White Paper, which brought an end to an over two year review of the 2005 Gambling Act, recommended ‘finance risk checks’ as the ideal affordability solution. Kindred’s Head of Corporate Affairs UK/Global, Tom Banks, …

Andrew Rhodes, Chief Executive of the UK Gambling Commission, has admitted that “the debate around gambling has not become an easier one. I have found myself saying a number of times how polarised different positions sometimes are”. The statement was made at the Commission’s largest-ever gathering of industry stakeholders’, in which Rhodes addressed the audience on common challenges at a …

EFL Chairman Rick Parry has cited new EFL research that claims there is no evidence of sponsorship leading to an increase in gambling or gambling harm. Speaking to the PA News Agency, Parry backed the rights of EFL clubs to benefit from lucrative deals with betting operators, following the league’s extension of its long-standing partnership with Sky Bet.  The Chairman …

Growth continued for Betway and Spin parent company Super Group across all geographic frontiers except for the Asia-Pacific region during third quarter trading. Overall group-wide revenue from across the company’s global business was recorded at €356.9m at the quarter’s end, up 16% from €307.8m in Q3 2022 although the group noted that growth potential had been offset. Operational EBITDA also …

Flutter Entertainment leadership remains confident in the group’s Australian prospects despite a slowdown in trading from the country during Q3, as outlined by CEO Peter Jackson and CFO Paul Edgeliffe-Johnson. The leadership duo addressed investors and analysts this morning after the group’s Q3 earnings call, which revealed an overall group-wide revenue increase of 8% to £2bn (Q3 2023: £1.9bn) whilst …

Spreadex has acquired long-standing rival Sporting Index, agreeing on buyout terms with owner Groupe FDJ. As reported by Racing Post on Monday, FDJ agreed to sell Sporting Index to spread betting rival Spreadex, with the latter choosing to “remain tight lipped on deal terms.” Founded in 1992, Sporting Index is recognised as the pioneering company in spread betting, providing odds …

Flutter Entertainment Plc has adjusted its 2023 full-year EBITDA guidance due to customer-friendly sports in Europe and Australia. Yet the FTSE100 gambling group maintains its core target of securing ‘structural profits’ for its US FanDuel property. Q3 saw revenue rise across the FTSE100 group’s three core segments of the UK and Ireland, the US and International, with company wide income …

Sky Bet the English Football League (EFL) have announced the launch of the Building Foundations Fund to provide £6m towards community projects across England and Wales. Sky Bet – Flutter Entertainment‘s UK sports betting brand – in its role as the current title partner of the EFL, will invest £1m per year into what has been described as a ‘vital’ …