Featured News

News that the SBC Team choose to highlight

Entain to settle HMRC Turkish dispute with + £600m payout

SBC News Entain to settle HMRC Turkish dispute with + £600m payout

Entain Plc has reached an ‘in principle’ agreement with the Crown Prosecution Service (CPS) to resolve its Deferred Prosecution Agreement (DPA) concerning the investigation by HM Revenue & Customs (HMRC) of its former Headlong Turkish business. This afternoon, Entain informed investors of obtaining preliminary judicial approval from Dame Victoria Sharp, President of the King’s Bench Division, to finalise a £585m …

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UKGC explains experimental findings of new UK gambling survey 

SBC News UKGC explains experimental findings of new UK gambling survey 

The UK Gambling Commission (UKGC) has announced the completion of a key corporate project, the publication of the “Gambling Survey for Great Britain Experimental” data release. Head of Statistics Helen Bryce documents that three years ago, the UKGC initiated a project to enhance data collection on adult gambling participation and problem gambling prevalence in Great Britain. The project, adopting a …

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Brazil CAE settles on tax and fiscal duties of federal sports betting market  

SBC News Brazil CAE settles on tax and fiscal duties of federal sports betting market  

The Economic Affairs Commission (CAE) of the Senate of Brazil has concluded its review of the tax and fiscal modalities of Bill 3,626/23 – submitted by the government to regulate a federal fixed-odds betting market.  The review marks the final assessment of Bill 3,626/23 by a legislative advisory, as the Senate will forward the Bill to the Plenary of the …

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Stuart Andrew: UK government committed to modernising land-based gaming

SBC News Stuart Andrew: UK government committed to modernising land-based gaming

DCMS Secretary Stuart Andrew has outlined the government’s intention to modernise and safeguard land-based gambling venues as a principal objective of a yet to be settled Gambling Review. The statement was made by the Minister whilst addressing an audience of British leisure and arcade stakeholders at the ‘Bacta Annual Convention 2023‘ – celebrating the 50th anniversary of the trade body …

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Spain sees Bustinduy take control of Garzon’s gambling reforms agenda 

SBC News Spain sees Bustinduy take control of Garzon’s gambling reforms agenda 

The Government of Spain has announced Pablo Bustinduy‘s appointment as the new Minister of Social Rights, heading the Ministry of Consumer Affairs. A member of the newly-formed Sumar Party, Bustinduy was among 22 new figures to be appointed by President Pedro Sanchez to the senior cabinet of Spain’s ‘Progressive Left’ coalition government. Following the inconclusive results of a snap General …

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Catena Q3 declines bear deep cuts of North American transformation 

SBC News Catena Q3 declines bear deep cuts of North American transformation 

Catena Media has completed its strategic review executing a divestment of legacy media assets generating its business €76m in proceeds, to enable significant debt repayments  The announcement was declared separately to Catena Q3 trading update, which saw the Stockholm-listed media publisher reveal a 28% decline in Q3 revenues to €16m (Q32022: €22m). The continued revenue decline reflects the “transition of …

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Jason Angelides, Epoxy.ai: online casinos are one to many, it should be one to one

SBC News Jason Angelides, Epoxy.ai: online casinos are one to many, it should be one to one

Product differentiation and fan engagement are staples of today’s digital world, and such concepts must be embraced to ensure that organisations don’t get lost in the crowd, believes Jason Angelides, Founder and President of Epoxy.ai. In a wide ranging conversation on the show floor of the recent SBC Summit Latinoamérica, Angelides addresses the cost savings to be felt by correctly …

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DCMS highlights business impact of a standalone gambling sector

SBC News DCMS highlights business impact of a standalone gambling sector

DCMS has submitted its business estimates to the National Office of Statistics (ONS), tracking the performance of sectors under its regulatory remit for the period of March 2019 to March 2022. The report provides estimates on the business contribution (number, turnover, and employment) of sectors governed by DCMS, excluding civil society (charities and voluntary associations). At present, DCMS’ regulatory remit …

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‘There’s a risk it goes the wrong way’ – Kindred’s view on UK marketing and RET proposals

unibet kindred group

Finance risk checks dominated conversations during Gambling Act review consultations, and with good reason, Tom Banks observed, but Kindred’s Head of Corporate Affairs UK/Global noted marketing as an area that should not be ignored. With their plans for marketing regulation, the DCMS and UK Gambling Commission (UKGC) might be overstepping the scope of the Gambling Act review itself, in Banks’ …

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Better Collective lauds operational excellence in restless Q3

SBC News Better Collective lauds operational excellence in restless Q3

Better Collective A/S maintains its full-year financial targets, reporting on its most eventful quarter in business, executing strategic M&As, opening its new office in Copenhagen, and finalising its dual-listing on the Danish Nasdaq. Publishing its Q3 trading update, Better Collective registered corporate revenues of €75m, up 26% on 2022 comparative results of €60m. Investors were informed that recurring revenues accounted …

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