Martin Wachter, CEO of virtual sports supplier Golden Race, comments on how the firm harnesses innovation and its importance for driving the betting industry forward “Innovation distinguishes between a leader and a follower.” – Steve Jobs The global betting market is worth $3 trillion, with up to 90% of that generated by illegal gambling, much of it in Asia. A common …
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The odds for Donald Trump, which started out at 150/1, fell to 10/11 as The Donald became the bookmakers’ favourite for the next POTUS for the first time at around 3am (GMT) this morning. By 6.30am (GMT) it was as good as over. Trump had 248 electoral votes (to Clinton’s 218) with only 22 more needed. In his speech delivered …
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Non-League clubs are being invited to take part in the second season of Marathonbet’s Non-League Challenge, the competition that saw Wealdstone FC scoop a considerable £10,000 last season. The challenge, which is now open to a whopping 140 clubs from tiers five to seven, tasks teams with performing the best goal celebration in lower-league football. The inaugural campaign has been …
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The SBC Awards shortlist is finally ready, and the sports betting industry is one step closer to recognising the very best companies in 2016. Bet365 will defend its ‘Bookmaker of the Year’ prize at the SBC Awards 2016, after being shortlisted alongside Sky Betting and Gaming, Unibet, 10Bet and Pinnacle. The Stoke-based bookmaker is also in the running for the …
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Rising sports margins and a slight uplift in wagering turnover helped GVC notch up a 14% constant currency rise on sports net gaming revenue (NGR) per day in the third quarter. The company said the growth trend had continued into October, which saw a 10% constant currency rise in overall NGR per day against what the company described as a …
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Stockholm Nasdaq-listed online betting platform provider Kambi Group Plc (Kambi) continues its positive 2016 momentum as the company welcomed new partners in its latest quarter performance Publishing its ‘unaudited’ Q3 2016 update (period ending 30 September), Kambi recorded a 15% revenue gain to €14.8 million (Q3 2015: €12.8 million). Its positive Q3 revenues, would see the Kambi post year-to-date corporate …
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Stockholm-listed European sports betting operator Unibet Plc is on target to deliver its strongest ever full-year performance, following a consecutive ‘all-time high’ quarter performance for Q3 2016 (period ending 30 September). Updating the market, Unibet detailed that period group revenues had hit £142 million (Q3 2015: £83 million). Its strong revenue performance would see Unibet declare a period EBITA of …
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Updating the market this morning, Sportech Plc has informed that its ‘The Football Pools’ division will not be sold to industry private equity firm Burlywood Capital. Last September, a sale of the Football Pools was announced with Burlywood governance agreeing to pay Sportech a total cash consideration of £97 million for its asset. Issuing a corporate update, Sportech’s CEO Ian …
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US tech news sources are reporting that FanDuel and DraftKings are fast tracking merger plans, with their corporate governances ‘hammering out’ combined enterprise details for stakeholders and investors. Last weekend, news broke that FanDuel and DraftKings governances had entered initial merger negotiations. Nevertheless, industry commentators quickly pointed to the pairs’ fraught relationship following years of hostile battle for outright …
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Innovative betting industry supplier Golden Race has become the first virtual sports developer to receive a Class 4 licence in Malta. The company received the recognition from the Malta Gaming Authority (MGA) earlier this month after an extensive application process. The award of this licence is the latest development in Golden Race’s push to be the biggest virtual sports provider to …
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