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News that the SBC Team choose to highlight

SBC Magazine Issue 9: Esports future, online shift and Brazil betting soap opera

SBC Magazine

The future for esports betting, the regulatory soap opera in Brazil, a new COO for LeoVegas and how online gaming can drive the industry’s comeback are just some of the key topics in Issue 9 of SBC Magazine. Available to view online HERE, we start by analysing Sergey Portnov’s “calculated risk” approach to Parimatch leadership, before reflecting on how Carsten Koerl …

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Lord Goldsmith to lead Howard League’s ‘deeper research’ on crime and problem gambling links

Penal reform charity The Howard League is set to undertake further research, examining the ‘links between criminal activity and problem gambling’. Having sanctioned an academic literature review conducted by Sarah Ramanauskas, Senior Partner at Gambling Integrity, Howard League revealed that’s there is ‘a dearth of knowledge’ related to the subject matter. In its review of academic reports, the charity found …

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SBC’s Barcelona Summit to become digital-only event

SBC Summit Barcelona - Digital

Gambling conference and exhibition organiser SBC Events has announced that its flagship expo due to be held in Barcelona in September will now be a digital-only event for 2020.  The SBC Summit Barcelona – Digital will be held on 8-11 September and will build on the success of SBC’s previous online events in bringing the gambling industry together despite the …

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Playtech calls for internal review following PTES failures 

Playtech will implement a review of the ‘group’s position’ led by Interim chair Claire Milne, in response to the UK Gambling Commission (UKGC) publishing its investigation into ‘systemic failings’ of defunct subsidiary PT Entertainment Services (PTES).  The Board of FTSE technology group confirmed that it ‘takes full responsibility and apologises for the regulatory breaches’, emphasising that the AML and social …

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Operator CEOs head speaker line-up for Latin America’s largest virtual betting and gaming conference

SBC Digital Summit Latinoamérica

SBC Digital Summit Latinoamérica is to open with Sports Betting in Focus, which will see operator CEOs from Colombia and Costa Rica set the tone for the high-level virtual conference by sharing their vision for the future of the industry in the region. It is one of four tracks at the largest online conference and exhibition for the Latin American …

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UKGC publishes customer neglect findings of PTES

The UK Gambling Commission (UKGC) has published its investigation findings on defunct online betting group PT Entertainment Services (PTES), the operating company for winner.co.uk and Titanbet (titanbet.co.uk) A Playtech B2C subsidiary, PTES voluntarily surrendered the licences for its entire brand portfolio from the UK market during an investigation by the Commission on suspicion of systemic operating failures.  The UKGC began …

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Italian nightmare continues as MPs approve new turnover tax

To the dismay of licensed incumbents, Italy’s parliament has approved the introduction of an emergency ‘turnover tax’ on betting and virtual sports wagers. The publishing of last week’s state gazette confirmed that MPs had backed amendments introducing a new ‘temporary’ 0.5% turnover tax across all betting-related verticals – online, retail and virtual sports content. The turnover tax is introduced as …

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Stats Perform backs IBIA call for new era of data collaboration

Stats Perform has advocated the International Betting Integrity Association’s (IBIA) call for sports data and betting stakeholders to work together and form a ‘global best practice model’. This week, IBIA Chief Executive Khalid Ali urged for deeper data-provider collaboration to protect all sports against future threats. In his statement, Ali detailed that the global pandemic had illustrated the need for …

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William Hill pursues HMRC FOBTs rebate 

William Hill has followed counterparts Betfred and Rank Group Plc in issuing an HMRC claim on compensation owed from tax charges related to fixed-odds betting terminals (FOBTs).  The FTSE bookmaker could stand to secure a multi-million £ tax rebate on FOBT charges issued between 2005 and 2013. William Hill’s HMRC rebate stands from an April High Court ruling that favoured …

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Playtech trades with confidence to mitigate first stage COVID-19 impacts

Playtech Plc corporate performance remains in-line with expectations despite its business units trading in unprecedented circumstances. Playtech explained that its performance is currently tracking better than the company had anticipated in publishing its mid-March COVID-19 update.  Publishing a snapshot of key metrics, Playtech detailed a ‘strong Q1 2020 period’, in which the FTSE technology group delivered an adjusted EBITDA of …

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