The European Court of Justice should be referred to on important issues concerning the legality of a tax imposed on overseas gambling operators, according to a judgment handed down by the High Court, which could have major implications for the UK’s point of consumption regime. Law firm Olswang has claimed that if the current tax framework is found to be …
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FanDuel secures $275 million with Google & Time Warner as Series E investors
Leading daily fantasy sports operator FanDuel has been valued at $1 billion, following its latest venture capital ‘Series E’ round of $275 million. The investment round was led by Venture Capitalist firm Kohlberg Kravis Roberts (KKR), technology news sources report that new FanDuel investors include Time Warner and Google Capital (Source: Crunchbase). The $275 million comes less than 12 months …
Read More »32Red acquires Roxy Palace for £8.2 million cash & shares
The igaming sector reports another corporate acquisition as Gibraltar operator 32Red confirms that it has acquired online casino Roxy Palace for £8.2 million in a cash and shares deals from Hyperlink Media Ltd and Applied Logics Ltd. 32Red governance confirmed that it would pay £2 million cash for the acquisition of Roxy Palace operations, with a further 10 million shares issued …
Read More »Matchbook furthers sponsorship of Brentford FC
Online betting exchange Matchbook.com has furthered its exciting partnership with West London football club Brentford FC, by becoming ‘The Bees’ official shirt sponsor for the 2015/2016 Championship season. Brentford FC CEO Mark Devlin unveiled the club’s new shirt and sponsor for the upcoming season. Devlin revealed that the partnership with Matchbook.com, represented the biggest sponsorship deal in the club’s history, …
Read More »Gamesys – Noel Hayden steps down as Lee Fenton takes over as CEO
Following its + £420 million acquisition by Canada’s Intertain Group, igaming operator Gamesys has undertaken an executive team restructure which will see Founder and CEO Noel Hayden become Executive Chairman of Gamesys Group. Gamesys’ CEO position will be filled by Chief Operating Officer (COO) Lee Fenton with immediate effect. The COO positon is set to be filled by Director of …
Read More »888 prepares final approach for bwin.party
This week marks a crucial chapter in the battle for bwin.party Entertainment, as industry analysts expect 888 Holdings to counter the £906 million reverse takeover offer put forward by GVC Holdings. At present GVC are thought to be front runners in the acquisition, as last week bwin.party governance confirmed the £908 million cash and new shares bid, which values bwin.party …
Read More »Julia Salagaeva – Connective Games – Platform Gains
Julia Salagaeva Head Business Development & Corporate Communications at Connective Games details why operators are focusing on platform flexibility and how this has created a greater scope for new software developers The online gaming industry is going through a significant period of disruption, during which a new wave of software provider is emerging – smaller, technically innovative, flexible, and heavily-client-focused, …
Read More »Sporting Index unveils new desktop site
Spread betting operator Sporting Index has launched an all new-website for desktop users featuring partial cash-outs, quick filters and improved functionality to manage positions. A period of deep analytical study of customer journeys was launched in July 2014 by the spread-betting firm, which led to the first phases of development in early December 2014. Key feedback from clients including faster …
Read More »Alderney Court shuts down 666Bet
The UK Gambling Commission has informed the public that embattled sports betting operator 666Bet has been compulsorily wound up by its holding company Metro Play Limited. The company had been served an Alderney Court Order on 2 July forcing it to close its remaining operations and begin the liquidation of existing assets. The Alderney Court has informed that KPMG Channel …
Read More »Mansion Group nets Crystal Palace main sponsorship
Igaming operator Mansion Group, operator of Casino.com brands has announced that it has become official shirt sponsor of South London football club Crystal Palace FC. Mansion Group replaces igaming payments specialist Neteller as official sponsor of the Eagles. The online casino operator announced its shirt sponsorship on the day Crystal Palace announced its record signing of French international midfielder Yohan …
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