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Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal importance of implementing a federal sports betting regime.  The legalisation of sports betting was branded as a key component of President Lula da Silva’s ‘revenue strategy’, which aims to raise “potentially over RL100 bn ($18 bn) in 2023”. Pacheco revealed that the Senate …

A draft law is being fast-tracked across Italy’s constitutional ranks, to implement the long-awaited overhaul of the land-based gambling sector with the aim to standardise the sector’s laws and regulations.    The mandate, which was approved by the cabinet of PM Giorgia Meloni in mid-March, has been put forward to Parliament as of 20 April and will require the opinion …

The “Converging Worlds” conference track at SBC Summit North America taking place at the Meadowlands Exposition Center, New Jersey, is set to discuss the trials and tribulations of cross-industry collaboration and how it can be utilised for further opportunities in the industry. With the industry so often consumed with the notion of brand awareness and individuality, the emergence of digital …

The Confederation of Brazilian Football (CBF) has officially submitted its demands to the government on the pending legislation of a federal fixed-odds betting regime. As anticipated, the governing body of Brazilian football has demanded that the government increase its betting income guarantee to ‘4% of total revenues’ generated by licensed bookmakers. It declared, “Current legislation provides for the transfer of …

Entain Plc has declared that it is “well-positioned” to achieve all 2023 corporate objectives, as it reports on a period of record levels of active customers, boosting its financial results, whilst demonstrating continued momentum across worldwide operations.  This morning, the FTSE100 gambling group published its Q1 trading update, covering the period from January 1 to March 31, 2023. Headline results …

Compounded by the downfall of FTX, crypto volatility and prices last year will have left investors feeling pessimistic. Varun Sudhakar, Founder and CEO of crypto-betting exchange BetDEX, explained to SBC News that in spite of this, crypto-betting continued to buck this trend, particularly from a customer-relations standpoint. Appealing to the crypto confident customer In an interview ahead of the expansion …

The Premier League announced yesterday that its clubs had voted almost unanimously in favour of phasing out betting sponsorships, and so SBC News reached out to bookmakers with top-flight partners to gain an industry perspective. Replying to our queries, Bill Mummery, CEO of Celton Manx Limited – parent company SBOTOP, the front-of-shirt sponsor of Leeds United – observed that the ‘voluntary …

The board of 888 Holdings has vowed to return the business back to shareholder growth by implementing a new corporate strategy prioritising capital efficiencies and debt reductions.     This morning, the LSE gambling group posted a jam-packed full-year 2022 trading results alongside a Q1 2023 update outlining new corporate measures to optimise its enlarged business incorporating William Hill. FY2022 group revenues …

Premier League clubs have taken a significant step to reduce the coverage of gambling sponsorships by unanimously agreeing to remove gambling brands from the front of their matchday shirts.  The anticipated move makes the Premier League the first UK professional sports league to voluntarily implement such a measure phasing out betting sponsorships.  The decision comes after an extensive consultation process …