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Stockholm-listed, betting platform and software provider Kambi Group Plc has detailed a strong opening momentum for 2018. Publishing its Q1 2018 trading update (period ending 31 March), Kambi records a 15% increase in corporate revenues to €16.4 million (Q1 2017: €14.2 million), with the betting platform provider maintaining a high 7.9%  trading margin. Continuing its strong momentum from a record …

Stockholm-listed online gambling firm, Kindred Group Plc has reported a strong opening to 2018, as the multi-brand/ multi-market operator continues to benefit from its expansion strategy, supported by further ‘organic growth’. Publishing its unaudited Q1 2018 results (period ending 31 March), Kindred records a 36% group revenue uplift to £207 million (Q1 2017: £153 million). The positive revenue momentum, sees Kindred …

A coalition of Norwegian political parties has secured a mandate demanding that Parliament and the cultural committee of Storting (Norway’s legislative assembly) move to severely restrict consumer engagement with foreign online gambling/betting operators. Securing the motion, the coalition of Norway’s Labour, Christian Peoples, Socialist Left and Centrist Parties’ have developed a combined mandate, which demands that Storting move to immediately …

London-listed betting and racing systems provider Sportech Plc has detailed its corporate recovery plan, following a tough 2017 in which the company restructured its operations having undertaken strategic review and cost reduction programme.   Publishing its full-year 2017 results, Sportech governance declares corporate losses of £23 million, as company trading was impacted by a number of high-cost write-downs. In its …

Addressing The Stars Group Inc investors, Group Chief Executive Rafi Ashkenazi has detailed his firm’s newly enlarged global gaming vision, having completed three industry-defining acquisitions in under two months. As the global betting sector prepares for a crucial summer of football trading, Ashkenazi states that the Stars Group has acquired ‘the world’s best online sportsbook in Sky Bet’. Combining Sky …

Having joined industry start-up Luckbox this April as first Chief Marketing Officer (CMO), former PokerStars executive Vadim Soloveychik has been tasked with delivering an effective and engaging esports-to-betting marketing strategy. SBC gets the lowdown on why Soloveychik and Luckbox will seek to ‘flip the script’ on industry marketing values and legacy engagement practices.   ______________________ SBC: As a new industry …

UK news sources have this morning, reported that the government will delay once more it’s pending triennial review judgement on industry FOBTs wagering and advertising standards. Parliament insiders have detailed that UK Chancellor Phillip Hammond, has put the government’s decision ‘on hold’, with the judgement to be made following the conclusion of England’s local council elections on 3 May. According …

Speaking to the Lotteries Council on Thursday 19 April, Marc Etches, the Chief Executive of industry charity GambleAware, has called for UK lottery stakeholders and Camelot operator of the National Lottery to increase their donations for problem gambling prevention, research and treatment. Etches comments come a few weeks following the UK’s Public Accounts Committee’s publishing of its report into the ‘Future …

The Stars Group Inc has moved to restructure its corporate debt facilities, alongside its future operational structure to accommodate its agreed $4.7 billion (€3.9 billion) acquisition of Sky Betting & Gaming (SB&G). Detailing further insight of its industry-changing acquisition, Stars Group governance is set to pay ‘$3.6 billion cash’ to CVC Capital and Sky Plc for SB&G’s entire asset portfolio. …

Toronto TSX-listed The Stars Group Inc continues its M&A drive, confirming this morning that it has reached an agreement with private equity firm CVC Capital Partners and Sky Plc to acquire Sky Betting & Gaming (SB&G) outright. Seeking to create the world’s ‘most valuable, listed online gambling enterprise’, the Stars Group governance has put forward a ‘cash and stock transaction valued …