Featured News

News that the SBC Team choose to highlight

FDJ accounts for €50 million Q1 COVID-19 damages 

A strong opening to 2020 trading for Francaise des Jeux (FDJ) has been halted by COVID-19 disruptions, said the company, impacting its lottery and sports betting retail networks. According to its Q1 2020 trading update, FDJ has recorded a 5% decline in stakes to €4.1 billion (Q12019: €4.3bn), underlining a 60% drop in retail sales since 16 March – the …

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Flutter shareholders greenlight Stars Group merger

Closing Tuesday trading, Flutter Entertainment governance confirms that company shareholders have approved the FTSE100 firm’s merger bid with Toronto TSX rival The Stars Group Inc (TSG). This afternoon, Flutter governance confirmed that following the conclusion of its extraordinary general meeting, group investors backed the Flutter-TSG combination by 99%. The merger which seeks to create a new $11 billion global gambling …

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Stoiximan retains independence despite OPAP equity increase

GML Interactive, the operating company of Greek online bookmaker Stoiximan, has disclosed that OPAP SA will increase its majority shareholding in the betting group to 84.5%. The transaction will see Athens-listed OPAP continue to increase its equity in Stoiximan’s Greek and Cypriot operations, having become the majority shareholder of the betting asset in 2019 after securing a 51% stake for …

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Betting wins Upper Tribunal decision against HMRC in FOBTs VAT dispute 

UK bookmakers could secure compensation for previous tax charges made against gambling machines, after HM Revenue & Customs (HMRC) lost its long-standing dispute against Rank Group and Betfred. Last Friday, an Upper Tribunal led by Justice Anthony Mann and Judge Thomas Scott ruled in favour of the betting firms who had long disputed HMRC’s classification of VAT charges on Fixed …

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Brazil confirms new SECAP leader but remains hush on betting prospects

Brazil’s government has confirmed the appointment of Nelson Leitão Paes as ‘acting secretary-general’ of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors. The appointment follows the abrupt departure of former incumbent Alexander Manoel, who resigned from SECAP leadership in January after choosing to no longer work for the government. Leitão Paes’ appointment has …

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Diversified Stars Group rides out first wave of COVID-19 headwinds 

Mirroring merger partner Flutter Entertainment, this morning The Stars Group Inc (TSG) has issued a trading update detailing that Q1 2020 revenue performance has been maintained despite facing COVID-19 disruptions. TSG has predicted that it will generate circa $735 million in group revenues for Q1 2020 trading, reflecting a 27% increase on Q1 2019’s $580 million. The TSX Group cited …

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All eyes on DraftKings April IPO call 

Amid global COVID-19 disruptions, US analysts are monitoring DraftKings developments closely as the DFS and sportsbook operator pursues its 2020 agenda of listing on the US Nasdaq exchange this April. This morning, the firm published the following statement which read: “We are pleased that our registration statement was declared effective by the U.S. Securities and Exchange Commission this morning, which …

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Scientific Games secures $100m in Q2 2020 costs savings 

Scientific Games Corporation (SGC) has outlined strong progress for its corporate contingency programme to navigate global COVID-19 headwinds, adding that it expects to secure ‘$100 million in cost savings during Q2 trading’. This morning, the Nasdaq technology group issued new guidance to investors on its COVID-19 contingency programme triggered on 31 March 2020.    Focusing on reducing workforce costs, SGC has …

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Sportradar – Quality assurance is the best metric in eliminating ghost games 

Supporting betting stakeholders and the global sports community, Sportradar has published a white-paper detailing key findings, insights and observations on ‘ghost games’. The white paper titled ‘Ghost Games: An Explanation’ has been produced by Oscar Brodkin, Sportradar Director of Intelligence & Investigation Services. The paper defines a ghost game as a match which simply does not take place as stated, and …

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UKGC enforces credit wagering ban as ‘technical focus’ continues

Neil McArthur

The UK Gambling Commission (UKGC) has maintained its 2020 regulatory agenda by implementing its outright ban on credit card wagering across all gambling verticals, enforced from Tuesday 14 April. The anticipated ban on all credit transactions was approved this January, marking the Commission’s first industry-wide regulatory enforcement for 2020 proceedings. In its January announcement, the Commission underlined that a blanket …

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