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Financial news sources have reported this morning, that Teddy Sagi, founder of Playtech Plc has sold 10% of his equity in the FTSE-listed gambling technology supplier. The news sees Sagi one of the UK’s richest businessmen reduce his stake in Playtech from 33.6 to 23.6%. The sale transaction of 32.2 million shares will be carried out by Sagi’s investment firm …

Sports Betting Community is proud to announce the launch of the Sports Betting Hall of Fame, a new initiative created to recognise outstanding individual achievements within the sports betting industry. At next week’s SBC Awards 2016 on 7 December, SBC will recognise three members of the sports betting community who have made a real difference to the sector over the …

The governance of FTSE-listed gambling technology provider Playtech Plc has confirmed that Dr Armin Sageder has been appointed CEO of its sports betting ‘Playtech BGT’ division. Dr Sageder takes leadership of Playtech’s sports betting arm, having joined the industry technology provider in July, following Playtech’s €140 million ‘all-cash’ acquisition of BGT a Vienna based sports betting provisions supplier founded by …

Updating the market, ZEAL Investments the ‘seed stage’ investment arm of online B2C lottery operator ZEAL Networks has announced that it has partnered with MassChallenge UK an early stage start-up accelerator program. The partnership will give the ZEAL Investments team the opportunity to scout amongst the UK’s best technology and innovation start-ups, as ZEAL seeks to bring new ideas to …

Less than a month after officially completing its £2.4 billion merger (announced 1 November), the governance of Ladbrokes Coral Plc is reported to be studying a potential £2 billion takeover of Australian gambling operator Tabcorp Holdings. Eager to expand its global footprint, Ladbrokes Coral are reported to have appointed advisers consulting the FTSE operator on its approach for the Australian …

Oslo-listed Gaming Innovation Group (GIG) has confirmed that it will undertake a ‘far-reaching’ organisational restructure in a move to integrate its recently acquired assets with its existing industry portfolio of betting/igaming brands. The restructure will see GIG create a ‘B2C Division’ integrating acquired Betit Group assets (purchased June 2016) of Kaboo, SuperLenny and Thrills.com unified under a new B2C organisation …

William Finnegan’s surfing memoir ‘Barbarian Days’ has won the 28th ‘William Hill Sports Book of the Year’ award, the richest and most prestigious sports literature prize. Described by judges as ‘compelling elegiac and profound’, Barbarian Days is the first surfing-based book to win William Hill’s literature prize. Finnegan a New Yorker magazine columnist has already won critical acclaim for his …

Closing its Q3 2016 (period ending 30 September), Greek gambling operator OPAP has posted a 40% decline in net profits to €29 million (Q3 2015: €49 million). The operator informs its stakeholders that it is continuing to adapt to a ‘challenging environment’ in which it operating margin has been impacted by higher taxes of 35% by the Hellenic Republic. Adjusting …

David Baazov has confirmed that he is still committed to his planned CAD $6.7 billion takeover of Toronto TSX-listed Amaya Inc, despite this week’s news that perceived Dubai-based backer KBC Aldini Capital had ‘no involvement whatsoever’ with Baazov’s acquisition. Publishing a statement, Baazov representatives detailed that the former Amaya CEO had received an ‘equity commitment letter’ purporting to be from …