Henrik Tjärnström, CEO of Kindred Group, has said that his firm’s £175.6m acquisition of 32Red is consistent with the firm’s ‘multi-brand strategy and stated desire to grow our business in regulated and soon to be regulated markets’. 32Red will now join Kindred’s stable of brands which includes Unibet, Stan James, Maria Casino and Bingo.com. Commenting on the deal, announced this morning, …
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Irish bookmaker Paddy Power is putting US President Donald Trump ‘On Notice’. The bookmaker today has announced that it has launched an entire section of its website named ‘The Trump Hub’ dedicated to ‘Trump-related betting markets’. Last week Paddy Power politics detailed to SBC that it was ’addicted to Trump’, as the bookmaker launched over 100 markets dedicated to President …
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Stockholm Nasdaq-listed Leo Vegas Group (LeoVegas) has today announced that it has completed its first corporate acquisition by agreeing terms to purchase licensed Italian online casino operator Winga.it. Updating investors, LeoVegas governance has detailed that it has agreed a €6.1 million cash consideration to buy Winga.it and its related assets outright. In its acquisition note, LeoVegas detailed that Winga.it had …
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The governance of European igaming operator Cherry AB has confirmed that ‘acting’ Chief Executive Anders Holmgren will take on full leadership duties of the firm with immediate effect. Last January, Holmgren was promoted to the role of interim CEO following the surprise departure of incumbent Fredrik Burvall due to ‘family reasons’. Updating investors this morning Cherry AB governance has moved …
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Updating the market, Ladbrokes Coral Plc has confirmed the appointment of Jason Scott as Interim Chief Executive of the Ladbrokes Australia division. Scott’s promotion to CEO is further supported by the appointment of Greg Sedgwick as Non-Executive Director. The confirmed appointments, see Scott a veteran executive of Ladbrokes Australia promoted with immediate effect to interim-CEO, following the departure of Dean …
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Oslo-listed Gaming Innovation Group (GIG), has announced that it will launch its popular Nordic facing brands Guts.com and Super Lenny (SuperLenny.com) for the UK market, having gained its official sports betting operator license from the UK Gambling Commission (UKGC). Following its UKGC approval, GIG governance informs that it is now allowed to operate its proprietary brands in addition to third …
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Industry horse and greyhound racing content supplier SIS has confirmed that it has reached an agreement to acquire Newcastle and Sunderland greyhound racing stadia from William Hill. Confirming the acquisition this morning, SIS governance detailed that the deal ‘underpins the firm’s commitment to ‘provide a strong programme of competitive greyhound racing for the foreseeable future’. Moving forward the Tyne & …
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Kenyan betting stakeholders have warned the government that proposed laws drafted by MP Jakoyo Midiwo may end up stagnating the growing industry and killing off any potential tax revenues. Represented by industry body the Association of Gaming Operators of Kenya (AGOK), representatives have asked the National Assembly to halt Midiwo’s proposed National Gambling Bill, stating that its industry directives were deeply …
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Malta gambling, police and sports stakeholders have asked for the government to review national sports integrity laws and policy, as existing legislation is no longer viable within a digital context. A sports anti-corruption task force consisting of Malta Football Association (MFA), Malta Police, the Attorney General and the Malta Gaming Association have presented a draft bill to the government seeking …
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‘One-off’ sponsorship in football has been thrown into the spotlight this week, as Sun Bets prepare to sponsor the Sutton United shirt for the club’s FA Cup fifth round match against Arsenal on Monday, shown live on BBC One. The UK-based bookmaker, powered by Australian gambling company Tabcorp, will also receive a ticket allocation, full access to the players until …
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