Featured News

News that the SBC Team choose to highlight

UKGC provides full evidence disclosure on credit card ban

The UK Gambling Commission (UKGC) has published its full consultation and evidence disclosure on its decision to ban gambling credit card transactions from 14 April 2020.  A key 2020 judgement, The Commission stated that its review had been undertaken focusing on the objectives of its ‘Business Strategy 2018-2021’ – to protect the interests of consumers, raise all-round industry standards and …

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Altenar takes sportsbook platform to Congo with Wild-Bets

Congo

“Everyone is obsessed with Nigeria, but there are other countries in Africa,” said Altenar Director and COO Dinos Stranomitis, as the software provider prepares to launch an omnichannel sportsbook offering for its new partner in Congo, Wild-Bets. Stranomitis explained that, for African countries, it is crucial to provide a sportsbook platform that enables the client to collect bets via physical …

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Better Collective powers up US vision with $240m buyout of Action Network

Better Collective AS stated that it has secured the ‘outright leader’s position’ in US sports betting’s media and affiliate landscape, having reached ‘definitive terms’ to acquire the Action Network.  This Monday, Better Collective announced its biggest M&A transaction to date, acquiring all assets of US sports betting publisher Action Network for $240 million (€198m) on a ‘cash and debt-free basis’. …

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Flutter accelerates global growth profile as US options are weighed up

Flutter Entertainment Plc has cited confidence in delivering on its full-year 2021 financial expectations by continuing to establish its individual brands as outright leaders in each active marketplace. Publishing its Q1 trading update, the FTSE100 gambling group recorded double-digit growth across all core divisions, as its monthly average active customer base increases by 36% to 7.6 million (Q12019: 5.6m). Providing …

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Irish Senators debate responsibilities and launch date of gambling regulator

The topic of problem gambling has taken centre stage in the Irish Oireachtas, as Senators debated the introduction of Ireland’s independent gambling regulator set for 2023. Under the terms of the ‘Interim Gaming and Lotteries Act’, passed in December 2020, the government will conduct a large overhaul of Irish gambling regulations in 2021, with the aim of modernising existing legislation …

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Betway owner Super Group sets course for $4.75bn NYSE IPO

Betway is set to become the industry’s next listed US property, as its owner Super Group outlined its intentions to merge with an SPAC vehicle to secure a footpath to listing on the New York Stock Exchange (NYSE). This Sunday, Guernsey-based Super Group confirmed that it had ‘entered a definitive agreement’ to combine its business with blank-cheque SPAC – Sports …

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Germany secures gambling regime but stakeholders demand radical changes 

Germany’s Fourth Interstate Treaty on Gambling (GlüNeuRStV) is guaranteed to officially launch on 1 July, having been ratified by the Bundesländer (state parliament) of Saxony-Anhalt this Wednesday.  The Interstate Treaty had previously secured the required approval of 13 states to launch Germany’s new federal regime regulating online gambling services. However, the approval of Saxony-Anhalt was deemed as essential to the …

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UKGC under assessment in government Football Index review

The UK government has announced an official independent review into the collapse of Football Index, which will further include an assessment of the UK Gambling Commission‘s (UKGC) regulatory actions. An ‘independent expert’ will participate in the investigation into the demise of Football Index, which operated as a trading platform where users could purchase ‘shares’ in active professional footballers, receiving payments based …

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Big Four RET commitment sees GambleAware donations top £19m  

GambleAware has reported a bumper year in voluntary donations, totalling £19 million provided by UK licensed gambling businesses.  Publishing its summary of donations for the 12 months ending 31 March 2021, GambleAware secured a near £9 million increase in voluntary donations provided by UK operators – overall contributions for 2019/2020 reached £10.05 million. GambleAware attributed the significant rise in funding …

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GambleAware: Government must clear gambling disorders social hurdles

GambleAware has published its response to the UK government’s call for evidence in its ongoing review of the 2005 Gambling Act. Trustees of the charity have urged DCMS to continue to maintain a concentrated focus on combatting and reducing the social impacts of problem gambling on UK society. Noting the impact on the public resources of healthcare, criminal justice, welfare …

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