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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 …

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 …

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 …

The Financial Times has reported that embattled European bank Deutsche Bank is preparing to cash-in on its 17% stake in Nevada casino operator Red Rock Resorts (formerly known as Station Casinos). Deutsche governance are reported to be seeking a $440 million sale price for its stake in Red Rock a company it invested in 2011 as the operator looked to …

Damien Chazelle’s romantic musical comedy-drama ‘La La Land’ has been priced as the early market favourite (10/11) to win ‘Best Picture’ at the 89th Academy Awards (date – 26 February 2017). November sees movie studios begin to release their ‘Oscars contender’ catalogs. With La La Land securing top honours at the Toronto Film Festival, bookmakers believe that Chazelle’s imaginative comedy-drama …

German lawmakers appear to have reached an interstate agreement on the creation of a new national gambling framework which will abide with European Union business and competition laws. Last Friday, at its annual ministerial conference in Warnemünde, a press release was published detailing that Germany’s 16 states would work towards a treaty for gambling focusing on effective online gambling/sports betting …

US tech news sources have reported that fierce daily fantasy sports (DFS) rivals FanDuel and DraftKings are heading towards an ‘imminent’ merger. Following a tough year of legal and regulatory battles for both operators, it has been reported this weekend that the leaderships of both firms are studying a potential merger to fully takeover the US DFS market. A FanDuel-DraftKings …

While Hillary Clinton remains a clear favourite to win the 2016 US Election, trading at 1.21 on the Betfair Exchange (82% chance of winning). Betfair today revealed that the Democrats are faltering in the key ‘swing states’ of Florida, Iowa and Ohio. Detailing market insight on individual state outcomes, Betfair’s trading team revealed that the Democrats have seemingly lost their …

Mikael Pawlo the former Chief Executive and co-founder of European igaming operator Mr Green & Co (Mr Green), has invested in Gothenburg (Sweden) start-up Football Addicts (www.footballaddicts.com) the developers of next generation live score app, Forza Football. The undisclosed funding round was carried out by Pawlo’s private investment firm Derzhava, who acquired its equity from existing shareholders. Football Addicts aims to …

Following its Q3 ‘preliminary’ trading update, the governance of Frankfurt Xetra-listed mybet Holdings SE has informed investors that it will further reduce its full-year 2016 corporate revenue forecasts to between $43-46 million. Issuing a short corporate statement, mybet governance detailed that the operator had continued to witness a ‘negative trend in revenues from previous quarters’. mybet would declare that its …