Betting on Football 2017 will underline its international credentials by delivering an extensive update on football betting markets across the globe, from an increasingly digitalised Africa, to a newly regulated Italy and the potential for legalised sports betting in Donald Trump’s North America. With less than three months to go until the fourth incarnation of the event at Stamford Bridge …
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New UK bookmaker Sun Bets has confirmed that Managing Director Jamie Hart is set to leave the leadership position having chosen to join Romanian betting operator SuperBet (SuperBet.ro). Both Sun Bets management and Jamie Hart confirmed the departure to SBC, with the operator having begun the search for a new leader. Australian gambling operator Tabcorp, joint venture partner with News …
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Completing its first full-year on the Oslo Stock Exchange (listed July 2015), Gaming Innovation Group (GIG) has recorded a 202% increase in corporate revenues to €53 million (FY 2015: €17.8 million). Updating investors, GIG governance stated that its performance had been driven by its effective M&A strategy which had seen the firm increase its presence in lucrative Nordic markets. Closing …
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Bringing new player engagement dynamics to its football pools product, Colossus Bets has announced the launch of its ‘Colossus Syndicates’ feature which will enable users to propose crowdfunded tickets which will compete for Colossus jackpots. Updating the market, the Colossus Syndicates feature is now live on the firm’s B2C colossusbets.com site with an enhanced version set to be rolled out …
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Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …
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Speaking to Kindred Group investors and corporate stakeholders, CEO Henrik Tjärnström described 2016 as a transformative year for the enlarged operator which has successfully incorporated new assets and expanded its existing verticals. Closing his firm’s most successful year in business, Tjärnström states that 15-brand Kindred Group (formerly Unibet Group Plc) has achieved its long-term goal of becoming a ‘true European …
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Continuing sector trends, Nordic Nasdaq-listed sports betting platform and software supplier Kambi Group is the latest industry stakeholder to have been impacted by unfavourable sporting results this December. A tough closing to its full-year 2016 performance, saw Kambi record an operating EBIT of €1.8 million down from Q4 2015’s corresponding €3.3 million. The industry supplier detailed that adverse sports results …
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The Sunday Times has this weekend reported that London hedge fund Parvus Asset Management (Parvus) is lobbying for a 2017 sale of William Hill. Headed up by Danish financier Mads Eg Gensmann, Parvus is currently William Hill’s biggest investor with a 14% shareholding. The Sunday Times reports that Gensmann has been pushing William Hill governance for number months on the …
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Updating the market, FTSE-listed gambling technology provider Playtech Plc (Playtech) has informed investors that UK independent bookmaker Betfred has extended its online casino platform lead supplier agreement for Betfred.com until 2020. In May 2016, Betfred governance surprised industry observers by announcing that it would move its digital platform’s for sports betting and igaming services to GVC Holdings’ newly acquired bwin.party …
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Stockholm-listed European sports betting operator Betsson AB is pleased to have grown its core business metrics, despite facing multiple operational challenges and unfavourable conditions throughout 2016. Closing its 2016 performance, Betsson governance was pleased at the company’s ‘positive development’ which had seen the operator overcome severe currency fluctuations and lower betting margins impacts in H1 2016. Furthermore, repeating all-round industry …
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