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PokerStars adjustments stunt Stars Group Q1 2019 opening

Publishing its Q1 2019 trading statement (period ending 31 March), Toronto TSX-listed The Stars Group Inc details strong progress on its global objectives as an enlarged enterprise. Absorbing the assets of Sky Bet UK and BetEasy Australia, the Stars Group records Q1 2019 corporate revenues of $580 million (Q12018: $392m). “During the quarter, we delivered on key components of our …

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UKGC cracks AML whip issuing £4.5m penalty packages for ‘weak controls’

The UK Gambling Commission (UKGC) has imposed £4.5 million in penalty packages on four online casino operators in relation to failed AML procedures and maintaining inadequate consumer safeguards. The penalty packages form part of the Commission’s ongoing investigation into the UK online casino sector. In its update, the UKGC confirms that InTouch Games will pay £2.2 million in lieu of financial penalties for …

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Playtech confident of 2019 prospects as governance seeks new Chairman

FTSE250 gambling technology group Playtech Plc has reaffirmed its 2019 corporate earnings guidance ahead of its annual-general-meeting (AGM). Updating investors, Playtech governance maintains its position that ‘adjusted EBITDA’ for 2019 is expected to be in the €390- €415 million range. In its update, Playtech details that it has made significant progress on its growth strategy and strengthening its corporate governance …

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Adjusted William Hill details confidence in 2019 outlook

The governance of FTSE250 betting group William Hill Plc details confidence in its future outlook as the company advances its digital and US market agendas, having adjusted its enterprise to UK regulatory demands. Publishing its ‘unaudited’ trading statement for the 17 weeks to 30 April 2019, the betting  group records net revenues up 2% ‘reflecting a year of transition in …

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Argentine players seek international tie-ups to secure BA-7 licenses

Argentine news reports of a ‘diverse cast’ of national and international operators vying to secure one of seven Buenos Aires province online gambling licenses. On Monday, the Buenos Aires executive closed its ‘window of submissions’ for operators seeking to join BA’s regulated online gambling marketplace. Argentina’s first legislative code for online gambling was approved last April, as BA districts sanctioned the …

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SBC signs up Champions League finalist for industry tournament

Mendieta

Spanish football legend Gaizka Mendieta will be playing in the second edition of the SBC Championship, held on Wednesday 22 May at Stamford Bridge. Backed by headline sponsor Trustly Group, alongside supporting partners BetConstruct and Catena Media, the 16-team five-a-side football tournament will once again be officiated by former FIFA and Premier League referee Dermot Gallagher. Midfield maestro Mendieta, who …

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Blackstone eyes ‘IPO on the horizon’ for CIRSA

A year following its €2 billion acquisition of Grupo CIRSA, US private equity fund Blackstone Group, is reported to be assessing ‘future options’ for the Spanish market gambling group. Spanish business news source Economia Digital, reports that Blackstone eyes an ‘IPO on the horizon’ for its CIRSA vehicle. Blackstone, which maintains one of gambling’s biggest investment portfolios, is reported to …

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Codere refreshes legacy brand to reflect new global identity

Spanish legacy gambling operator Grupo Codere SA has rebranded its entire corporate identity, seeking to reflect the firm’s ongoing transition as a global gambling enterprise. Last week, Group Chief Executive Vicente Di Loreto presented Codere’s new corporate logo and tagline ‘Contigo Cambiamos el Juego’ – ‘We Change the Game with You’. Updating stakeholders and the media, Di Loreto detailed that an …

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Rafi Ashkenazi – Bold FOX JV is the ideal platform for US domination

Hosting a special conference call, Rafi Ashkenazi Chief Executive of The Stars Group Inc, has detailed further insights and arrangements related to the firm’s announced joint venture ‘FOX Bet’, partnering with US national broadcaster FOX. Securing a 25-year commercial agreement, the Stars Group will act as lead sports betting and igaming services provider for the FOX Corporation. “This partnership gives …

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SuperBet Romania secures £175 million Blackstone backing

US private equity fund Blackstone Group LLP continues to expand its European gambling investment portfolio, confirming that it has invested €175 million in Romania and CIS market bookmaker SuperBet. The transactions sees the US PE firm secure a minority stake in SuperBet, Romania’s largest sports betting operator, through its strategic vehicle ‘Blackstone Tactical Opportunities’. Founded in 2008 by industry investor …

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