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FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …

Business news sources have reported that around £1 billion has been wiped off the value of UK-listed spread betting operators, following the Financial Conduct Authority’s (FCA) industry clampdown on ‘contract for difference’ (CFDs). Yesterday the regulatory body proposed a number of new measures aiming to protect inexperienced consumers and improve overall industry standards. The measures include the introduction of risk …

Updating the market, industry platform provider FSB Technology (FSB) has confirmed that it has entered an agreement to supply football news, stats and insights portal Squawka (Squawka.com) with its fully optimised sports betting solution. Squawka one of the internet’s most popular football portals with an estimated following of + 6 million viewers a month will integrate FSB provisions launching its …

Following today’s ‘Extraordinary General Meeting’ (EGM), shareholders of Stockholm-listed Unibet Plc have approved the firm’s proposed name change from ‘Unibet Group Plc’ to Kindred Group Plc. Updating company stakeholders, Unibet governance detailed that its expects its first full day of trading under the Kindred Group name to be on Monday 12 December 2016.  This September Unibet governance issued a corporate …

Continuing its strategic partnership with Playtech subsidiary Best Gaming Technology (BGT), the Racing Post has combined to launch its new horseracing and greyhound product across + 12,000 self-service betting terminals within multiple UK operator retail betting estates. The partnership sees Racing Posts digital content which includes detailed racecards, the latest form, results, race predictor, Spotlight tips, key stats and trainer/jockey …

The Department of Culture, Media & Sports (DCMS) has informed that the provisions of the current Horserace Racing Betting Levy will be rolled over into 2017/18 as no progress has been made on the terms of a new levy scheme. Updating industry and racing stakeholders, Karen Bradley Secretary of State for Culture, Media & Sport announced the government’s decision to continue …

With sixteen nominees as opposed to the usual ten, and still the likes of Chris Froome missing out, it just goes to show that, whilst the rest of us suffered, it’s worth remembering that British sports had a good 2016.  After the best year of his career to date which pivoted him to number one in the rankings having won …

Updating the market, the governance of Australia ASX-listed TopBetta Holdings (TopBetta) has announced that it has signed a ‘landmark agreement’ which will see Ladbrokes Australia become the first client of it ‘The Global Tote’ service. The partnership will see Ladbrokes Australia replace its existing tote products for TopBetta’s The Global Tote system, which enables operators to participate in international betting …

Industry news source EGR has crowned Swedish-based Unibet Group as ‘Operator of the Year’ at its EGR 2016 Operator Awards. Hosted at the HRC Artillery Garden, Unibet proved to be the night’s big winners, taking home the top industry honour of ‘Operator of the Year’ and the further awards of ‘Socially Responsible Operator’ and ‘Best Marketing Campaign’ for its multi-award winning …