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UK News

GambleAware ‘Moses’ report – industry self-exclusion schemes are proving to be effective

SBC News GambleAware 'Moses' report - industry self-exclusion schemes are proving to be effective

Commissioned by industry charity GambleAware, a study of industry ‘self-exclusion’ practices carried out by Chrysalis Research has found that consumer protection schemes are proving to be effective at stop problem gambling. The evaluation of ‘Multi Operator Self Exclusion Scheme’ (“MOSES”) for UK licensed betting shops has detailed that 83% of users researched found industry practices effective in reducing or stopping …

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JackpotJoy CEO hails strong results despite ‘turbulent year’

SBC News JackpotJoy CEO hails strong results despite ‘turbulent year’

JackpotJoy Plc has posted impressive growth figures in its maiden results on the London Stock Exchange after the online operator’s move from Toronto and rebranding from the Intertain name. The firm has announced strong group financial performance on a like-for-like basis with revenue growth of 15% and adjusted EBITDA growth of 19%, with record cash generation for the year in the …

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Jim Mullen – Size Matters for Ladbrokes Coral future success & value

SBC News Jim Mullen - Size Matters for Ladbrokes Coral future success & value

Presenting a forward-looking statement to investors, Ladbrokes Coral CEO Jim Mullen states that his firm’s executive team must now match its enlarged revenue generating capabilities with market-leading operational efficiencies, in order for the FTSE enterprise to reach its optimal value. Speaking 150 days since officially completing the merger of Ladbrokes Coral, Mullen detailed that 120 senior executives had been presented …

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VSoftCo – Sponsor Profile – #bofcon2017

Matchbook #bofcon2017

SBC caught up with Simon Westbury, Managing Director for Betting on Football 2017 (3-5 May) sponsor VSoftCo, to discuss his company’s approach to virtual sports betting, why he was attracted to the event and which parts of the Stamford Bridge conference agenda he is most looking forward to. SBC: Having also sponsored last year’s Betting on Sports conference, what is …

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EveryMatrix appoints former bwin CEO Norbert Teufelberger as new board Chairman

SBC News EveryMatrix appoints former bwin CEO Norbert Teufelberger as new board Chairman

EveryMatrix has completed a €4.3 million strategic investment round and appointed Norbert Teufelberger, former CEO of bwin, as its new Chairman. The company has widened its shareholder base by completing the private strategic investment round with Strawberry Capital, a large Norwegian fund owned by Petter Stordalen. In his new role as non-executive Chairman of the board, Teufelberger will assist with the …

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‘Very successful start’ for combined Ladbrokes Coral

Ladbrokes Coral CEO Jim Mullen has hailed the merged company’s first annual results announcement as a ‘very successful start’ for the enlarged group, with the combined results delivering 11% growth in revenues and a 22% increase in gross profits after tax. The standout performers are Ladbrokes Coral are the Digital division, which saw operating profit increase 125% and European Retail …

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Matt Risdale joins Camelot as group corporate communications lead

SBC News Matt Risdale joins Camelot as group corporate communications lead

UK National Lottery operator Camelot Group (Camelot) is set to gain a new head of corporate communications as PR Veteran Matt Risdale joins the firm’s leadership ranks. Last week, Risdale confirmed to UK media news sources that he was joining Camelot, taking on the official title of Head of Strategic Communications, Risdale will take lead of both Camelot business and …

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Kindred’s £176 million offer for 32Red becomes ‘unconditional’

SBC News Kindred's £176 million offer for 32Red becomes ‘unconditional’

Kindred Group’s £176 million outright cash offer for 32Red Plc assets has become ‘unconditional’ following its acceptance by 32Red majority shareholders and having gained approval by the Licensing Authority of Gibraltar. Updating the market this morning, the governance of 32Red informed corporate stakeholders that both its investors and directorship had accepted Kindred’s £176 million offer put forward on 23 February 2017. …

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Penta Investments leads Betting on Football panel on investment opportunities within the betting industry

Penta Investments

Following a year of mass industry consolidation, high-level panelists at Betting on Football 2017 will be discussing whether sports betting is still an attractive proposition for investors. The ‘Managing Risk’ panel at Stamford Bridge on 3 May will feature Valhalla Investments Chairman Mark Blandford, GVC Holdings COO Shay Segev and Dreamworx Online Founder & Investor Christian Edler, alongside Marek Šmrha, …

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