After a Gambling Commission investigation, online gambling operator Betway has agreed to pay £11.6m, alongside implementing a package of measures, for a series of social responsibility and money laundering failings linked to dealings with seven of its high spending customers. The regulator said that in one instance, the operator had failed to carry out source of funds checks on a …
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Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …
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A disruptive legal battle brews for all betting stakeholders, as last week Sportradar challenged the narrow structure of Betgenius and Football DataCo ‘exclusive live data’ deal. Regulus Partners warns leadership to follow legal proceedings closely, as all licensing and distribution dynamics of the betting’s data value chain will be placed under review. _____________ The 250th anniversary of the Boston Massacre is perhaps a …
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FTSE250 gambling group GVC Holdings Plc has completed its first-ever ‘legal panel’ to strengthen corporate counsel across all operational disciplines. Marked as a key directive, GVC governance undertook the development of its first legal panel to represent the firm’s enlarged identity and global growth ambitions. A corporate strategy primarily adopted by large-scale enterprises, legal panels see companies strengthen their counsel …
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Citing market share gains across all operating territories, FTSE250-listed GVC Holdings has backed its underlying corporate strategy to navigate regulatory complexities both home and abroad. Publishing its full-year 2019 results, GVC has recorded a pro-forma net revenue increase of 3% to £3.65bn (FY2018: £3.57bn) driven by the strong growth of its online division and European retail portfolio. Despite competing against …
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Polish gambling trade body Polska Izba Gospodarcza Branży Rozrywkowej (PIGBRiB) has published a report outlining comprehensive changes to the nation’s online and land-based gambling frameworks. PIGBRiB has issued its report to Warsaw’s SEJM, Poland’s lower house, branding the Polish Treasury’s gambling enforcements of 2017 as ‘non-viable’ for a growing modern economy. In 2016, Poland’s governing PiS National Conservative Party sanctioned the Treasury …
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Michel Dugher, Chief Executive of the newly formed Betting and Gaming Council (BGC), has warned the UK government that its post-Brexit immigration policy could impact the nation’s tourism and night-time economies. The BGC has become the latest UK trade body to question the Conservative government’s points-based immigration policy, which it aims to sanction from the start of 2021. This February, …
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Stockholm-listed Better Collective A/S has moved to further diversify its publishing network by confirming the outright acquisition of esports player community HLTV.org for €35 million. Updating investors, Better Collective governance stated that the acquisition will establish the company as a leading digital publisher within the burgeoning global esports scene. Operating since 2002, Denmark based HLTV.org is recognised as the leading …
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Publishing its full-year 2019 trading results, Bolsa Madrid gambling group Codere SA has recorded corporate net losses of €62 million, representing a 32% increase on the firm’s cumulative €47 million loss recorded during FY2018. Codere investors had little to cheer over as the embattled operator recorded declines across all core operating metrics, reporting a 6% drop in group revenues to …
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Publishing its full-year 2019 results, the governance of FTSE100 Flutter Entertainment Plc has detailed confidence in the firm’s future growth prospects after closing a year of regulatory adjustments and sustainability challenges. Citing strong international expansions, Flutter achieved record revenues of £2.14 billion, up 14% against corresponding FY2018’s £1.81 billion – a tough comparative period featuring World Cup trading. Flutter governance …
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