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BA approval sees Betsson state full confidence in LatAm prospects 

BA approval sees Betsson state full confidence in LatAm prospects 

Betsson AB has underscored its ‘strong LatAm prospects’ after securing a ‘venture licence’ granted by the Province of Buenos Aires IPLyC lotteries and casinos institute. On 31 December, the IPLyC disclosed the seven ‘business ventures’ that had been granted licences to operate online gambling services within the province of Buenos Aires – Argentina’s most populous state. Betsson, seeking to participate …

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Buenos Aires finalises licensing regime but doubts remain on launch approval

2021 has kicked off to strong LatAm developments, as ‘IPLyC’  – the regulatory authority of gambling for the province of Buenos Aires – concludes its year long online gambling licensing process. The publishing of BA’s executive gazette on 31 December disclosed the seven ‘business partnerships’ that have been allowed to form online gambling ventures servicing Buenos Aires province – Argentina’s …

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MGM Resorts makes moves to acquire Entain Group

US casino giant MGM Resorts is attempting to acquire the Entain Group, the new name for the recently rebranded GVC Holdings, according to the Wall Street Journal. Entain operates several global gaming brands, including Ladbrokes, Coral, Bwin, PartyPoker , SportingBet, Gala Bingo, Eurobet and Betboo, but is already a partner with MGM in the burgeoning US sports betting and gaming …

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William Hill acquires majority stake in Alfabet Colombia to open LatAm vision

William Hill Plc has secured its first South American sportsbook venture after confirming that it has acquired a ‘majority stake’ in Colombian-licensed operator Alfabet SAS. Closing its 2020 trading, the FTSE250 betting group stated that Colombia will be ‘the ninth regulated betting market in which William Hill will have an active presence’. Operating in Colombia since 2018, Alfabet SAS is …

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Flutter to appeal Kentucky Court’s $870m TSG ruling

Flutter Entertainment is expected to appeal a $870 million ruling made by the Kentucky Supreme Court, having argued that the litigation ran contrary to modern US legal precedent. The case, which was reversed in late 2018, was initially filed by the Commonwealth of Kentucky in 2010, approximately four years prior to The Stars Group’s (TSG) acquisition of the PokerStars business.  …

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Iain Duncan Smith: Radical change requires Gambling Commission to be axed

Senior Conservative MP Iain Duncan Smith has reiterated his call for the government ‘to get rid of the Gambling Commission altogether’, as DCMS begins its long-awaited review of the 2005 Gambling Act. Writing in Commons news source PoliticsHome, Duncan Smith stated that the All-Party Parliamentary Group (APPG) for Gambling Related Harm had been the only committee to maintain pressure on the …

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Heavy-duty Casinos Austria integration dominates SAZKA Q3 trading

SAZKA Group wants to exploit the benefits of its expanded business entity, as the Czech gambling conglomerate returns to operating all business units having navigated 2020 Covid headwinds.  Publishing its Q3 trading update (period ending 30 September), the firm told investors that an easing of Covid restrictions across European markets had seen it return to ‘normalised trading in markets and …

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Carsten Koerl joined by three regional CEOs in Sportradar reorganisation

regional

Sportradar Group CEO Carsten Koerl will be supported by three regional CEOs in a company reorganisation, effective from 1 January 2021.  The new setup, explained Sportradar, provides it with more flexibility to support future growth, while enabling the business to operate in closer proximity to its end markets. The three new regional CEOs will be Arne Rees (North America), Werner …

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DCMS: UK gambling requires a surgical re-wiring for all stakeholders

UK gambling leadership will be evaluating DCMS’ ‘policy document‘ which accompanied the launch of the government’s review of the 2005 Gambling Act.  Addressing the House of Commons, Nigel Huddleston, DCMS Minister for Sport, underlined that his department would take no knee-jerk response in its duties to review UK gambling: “We will listen and gather the evidence required to govern gambling …

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GambleAware: BAME communities disproportionately impacted by gambling harms

MontBleu Casino Resort & Spa in South Lake Tahoe

GambleAware has this morning published the findings of its ‘secondary analysis’ conducted by YouGov regarding levels of gambling harm and access to treatment support among BAME adults.  YouGov’s analysis supports GambleAware research on the ethnic make-up of UK problem gambling undertaken in 2019, which led the charity to conduct further research into BAME communities and their gambling behaviours.    Research findings …

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