Sports wagering software and services specialist Metric Gaming LLC has been granted a remote operating license by the UK Gambling Commission, allowing Metric to continue providing its live betting wagering software, products and services to the UK market. Metric’s license application was filed in response to the UK’s revised regulatory regime, requiring all gaming operators and software providers servicing the UK market …
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UK business news sources have reported that London listed payments provider Optimal Payments is preparing a bid to buy competitor Skrill for reported €1.1 billion (estimated £810 million). Optimal Payments, which operates igaming payment services specialist Neteller, is looking to acquire Skrill in order to expand its digital services offering and certify its leading position within the high transaction online …
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Private Equity firm HgCapital the owners of sports spread betting company Sporting Index Group, have reached an agreement for the sale of the business to an undisclosed private strategic investor. The acquisition of Sporting Index is required to pass regulatory approval before being finalised, as yet the terms of the acquisition have not been disclosed by the participating parties. The …
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GVC Holdings operating firm of Sportingbet, Casino Club and Betboo brands, reported its preliminary results for 2014, recording key growth in all top line performance metrics. In 2014 the operator had recorded increased player wagering which brought gross revenues up to €1.47 billion (FY 2013: €1.1 billion). The improved player wagering transferred to a 32% increase in net gaming revenues …
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UK focused online sports betting operator 666Bet has had its online gambling license temporarily suspended by the UK Gambling Commission (UKGC). This weekend 666Bet and its subsidiary online casino brand Metro Play placed their websites ‘Under Maintenance’, as the UKGC is set to carry out a review of the firm’s operations. The UKGC issued the below statement with regards to …
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Toronto listed Amaya Gaming has confirmed that its online gambling subsidiary brands PokerStars and Full Tilt have been granted licenses from the UK Gambling Commission (UKGC), allowing for the operators to service online poker and additional digital gambling products to UK consumers. Both Amaya brands had serviced the UK market under a white-listed Isle of Man gambling licenses, prior to …
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Private equity firm CVC Capital has confirmed the completion of its 80% acquisition stake of Sky Bet from BSkyB. CVC Capital confirmed that its £800 million has been cleared of all regulatory compliances, allowing for the deal to be finalised. Under the terms of the transaction, BskyB has received cash of £600m and a vendor loan note, and will be …
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Leading bookmaker Coral achieved the highest share of voice on social media versus competitors during the notoriously competitive Cheltenham Festival, the biggest and most important week of the year for UK betting operators. Using the leading social media data analytics platform Crimson Hexagon, Coral have identified that they achieved a 28% share of voice, compared with 16% for Betfair, the …
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Ladbrokes has announced that its Managing Director of Digital Jim Mullen is to be the next Chief Executive, taking over on April 1st from Richard Glynn. Mullen joined the business in November 2013 after three years at William Hill where he was COO of their on line operations. Since arriving at Ladbrokes he has led the operational transformation of Ladbrokes’ …
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National responsible gambling charity GamCare has announced that Sir Ian Prosser, the former Chairman and Chief Executive of Bass Plc, has been appointed Chairman of the charity, replacing Anthony Jennens who died earlier this year. Knighted in 1995, the chartered accountant has a long and distinguished business career predominantly in the brewing and hospitality industry. He is also active on …
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