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As the dust settles on a dramatic qualifying campaign, betting operators are left assessing how to maximise Russia 2018, even if that means promoting the tournament to nation that fell at the first hurdle and failed to qualify for football’s showpiece event. As CEO of Digitain, the B2B power behind Armenian betting operator TotoGaming, Suren Khachatryan underlined that although everyone …

Issuing a market note, Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has moved to acquire 11.6 million ordinary shares in acquisition target NYX Gaming Group. The transaction represents approximately 10.72% of NYX’s current shareholding, with SGC governance paying CAD$2.22-2.35 per share, representing a purchase price of circa CAD $27 million (£18 million). Further to today’s share purchase transaction, SGC governance …

Operators will have to extensively alter their bonus terms and conditions if they are to avoid being taken to court by the Competitions & Markets Authority (CMA). Speaking at the Gambling Commission’s Raising Standards Conference 2017 yesterday, CMA Project Director George Lusty outlined key areas where operator behaviour has to change. Lusty identified six areas of particular concern: Opaque terms …

UK National Lottery operator Camelot has today published its 2017/18 strategic review detailing major changes and initiatives for its operations and enterprise. Having undertaken a strategic review seeking to ‘return the National Lottery to Growth’, Camelot governance has confirmed the appointment of Nigel Railton as UK CEO. The appointment sees Railton the former Camelot International CEO, replace Andy Duncan (resigned …

Updating investors on William Hill Plc Trading, Group CEO Philip Bowcock has detailed that the  FTSE bookmaker will move to prioritise expansion within overseas markets in an attempt to combat any potential growth impacts felt from forthcoming UK regulatory increases. William Hill recorded positive results for its 17-week trading period to 24 October, however, Bowcock believes further international growth will plug any …

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …

Further to yesterday’s announcement of a shareholder £53 million capital redistribution, London-listed betting systems supplier Sportech Plc has confirmed the appointment of Giles Vardey as independent Non-Executive Director. A 35-year finance executive, Vardey will advise Sportech governance on stakeholder management as the company undertakes a full-scale sale if its business in 2018. In a distinguished career, Vardey has served as …

The UK Gambling Commission (UKGC) has set out a new three-year five-point plan, to build on its previous work and help shape a well-regulated gambling market. With 63% of people having gambled within the last year, the strategy states that “the risks are changing and evolving and the industry needs to move farther and faster to address them. A well-regulated …