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European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

Financial advisory group Davy has lowered sector-wide growth forecasts for UK-listed gambling operators as a result of BREXIT. The ‘Leave’ outcome has forced Davy to review the current positions of listed gambling operators as the UK economy faces months of fiscal and legal uncertainty.    Issuing a market note, Davy analysts detailed that UK legacy operators with both large retail …

Yorkshire based firm Equotion Ltd has announced two major pieces of news for the company this week. The first is the completion of a significant funding round and the second the appointment of Graham Martin as Non-Executive Chairman. Martin is the Founder of Bonne Terre, the licence holder for Sky Betting & Gaming, and he joins CEO James Waterhouse, Chief Data Scientist …

Gibraltar industry trade association the ‘Gibraltar Betting & Gaming Association’ (GBGA) has moved to quell stakeholder concerns regarding the UK’s referendum decision to leave the European Union. The industry body which represents twenty Gibraltar-based European online betting operators, stated that governance of the British Overseas Territory remained ‘strongly committed’ in maintaining its present industry operations and framework. Following the UK’s …

BetVictor has today announced a new three-year deal to become a principal partner of Liverpool Football Club.  The agreement will see BetVictor become the Global Online Betting Partner and Training Kit Partner of the Club. The partnership also means that the BetVictor will create unique offers and markets for fans of the club. It also means that the firm’s branding will be …

UK interactive betting operator Win Cash Live (www.wincashlive.com) has entered administration through its holding company Lean Forward Limited, posting the below notice for its customers. Officially launched in July 2015 in partnership with Scottish digital broadcaster STV, Win Cash Live aimed to bridge interactive TV services with online betting mechanisms. At the time of its launch, Founder Ashley Faull an …

Leyton Orient has announced its new shirt sponsor ahead of the new season in the form of new online sportsbook EnergyBet.  A two-year agreement has been agreed between the operator and the League One club. The new sponsorship deal sees one of the online sports betting industry’s newest players support the club with substantial financial resources. It’ll mean that EnergyBet branding will …

Updating the market, Oslo-listed Gaming Innovation Group (GIG) has confirmed that it has entered a binding agreement to acquire Scandinavian online gambling operator Betit Holdings (Betit) in a deal valued at €54 million. Signing a ‘letter of intent’, GIG is set to issue 153 million new shares in order to inherit Betit assets. Furthermore, industry venture financier Optimizer Invest, a leading …

The 103rd edition of cycling’s most famous race, the Tour de France, will be decided by just 143 seconds and will see Chris Froome come out on top, according to spread betting company Sporting Index. The prediction is that Froome will get the better of Colombian rival Nairo Quintana once more, just as the Team Sky rider did in 2013 and …

Just one year after launching its German sports betting enterprise TIPP3 (Tipp3.de) European telecommunications giant Deutsche Telekom has terminated its subsidiary, following reports of significant underperformance. In April 2015, Deutsche Telekom governance announced that it had entered the German sports betting market, acquiring a majority 64% stake in Tipp.de Sportwetten GmbH owned by Deutsche Sportwetten, who would continue to manage …