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With just ten days to go until the UK hits the 2017 General Election polling stations on 8 June, Betfair Politics reports that it has recorded £22 million traded across its ‘UK 2017’ Exchange betting markets. The Labour Party which started its campaign being given the longest ever opposition odds of a General Election victory at 18/1, is now priced at …

Updating the market, Estonian gambling operator Olympic Entertainment Group (OEG) has completed the liquidation of Belarusian subsidiary Olympic Casino BEL as the company completes its full Belarus exit. Issuing a short corporate statement, OEG governance detailed that its market exit would have no impact on its group performance and that the firm had no remaining interest or assets in the …

As the Australian Competition Tribunal (ACT) takes on the role of lead supervising body of the AUS $11 billion planned merger of Tabcorp Holdings and Tatts Group a number of industry stakeholders have addressed concern regarding the combination to create the Australia’s outright gambling market leader. This week, former merger review body The Australian Competition & Consumer Commission (ACCC) revealed …

The legislation of licensed sports betting, is back on the US Congress’ menu after a committee revealed the first draft of the ‘The Gaming Accountability & Modernisation Enhancement Act’, which will be referred to as the GAME Act.   Proposed by the House Energy & Commerce Committee, the draft bill aims to outline federal provisions required for US states who …

Ahead of its Capital Markets Day, FTSE-listed online gambling group GVC Holdings Plc (GVC) has announced a strong start to its 2017 trading, reporting growth across its core metrics. Powered by the strong momentum of its sports betting assets which saw an average of daily wagering of €12 million, GVC would report a 13% year-on-year rise in Q1 2017 new …

Industry legend Victor Chandler is set to return to the business, launching new East African sports betting venture Bet Lion this coming August. Following a three-year hiatus, Chandler has partnered with betting platform provider FSB Tech to launch Bet Lion, a sportsbook which aims to be a market leader in Tanzania and Kenya. One of the biggest characters in sports …

Updating investors, Frankfurt Xetra-listed online bookmaker mybet Holdings SE has informed that its Supervisory Board has granted the approval for the company to raise its year ‘target values for earnings before interest and taxes (EBIT) as well as the firm’s full-year cash position. The board’s decision follows this month’s notification that mybet has finally settled out-of—court its Westdeutsche ‘WestLotto’ Lotterie …

The governance of London-listed racing technology and betting systems provider Sportech Plc has declared a solid start to 2017 (Q1: January – March) in-line with corporate expectations. Updating investors ahead of its annual AGM, Sportech discontinues accounting the performance of its Football Pools division having agreed to sell the asset to London private equity firm OpCapita for £83 million last …

FTSE-listed online gambling group GVC Holdings will not pursue operator licensing for the regulated Czech Republic online gambling market. Sending a communication to Czech affiliates and media partners, the operator has stated that following a review of market conditions it has concluded that current gaming laws are ‘incompatible with the principles of the European Union’. The operator had previously withdrawn …

Stockholm-listed industry affiliate marketing network Catena Media has moved to expand its European publisher portfolio by confirming the acquisition of casino review portal Newcasinos.com and its related assets. Catena governance details that it has acquired one of the fastest growing European market affiliates with an established presence in the UK, Norway and Sweden. Detailing its acquisition breakdown, Catena will purchase …