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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 …

Albania is making progress on ending its five-year prohibition on sports betting and gambling as a ‘draft law’ is placed under review by the government of the Balkans nation.  Since 2018, Albania has outlawed gambling except within state-sanctioned casinos. However, at the close of 2022, Prime Minister Edi Rama announced that the prohibition would be lifted as its measures had …

Esports data and statistics specialist Abios notched up 10 years of trading last month. Here we speak with Abios Co-founder and CTO Anton Janér who shared his thoughts on reaching that milestone, as well as some of the key developments that have shaped the company en route. Congratulations on reaching your tenth anniversary. Can you tell us more about the …

A draft proposal co-signed by Brazil President Lula da Silva and Finance Minister Fernando Haddad has recommended that  a 15% gross gaming revenue (GGR) tax be applied to sports betting activities.  News of the proposal submitted to the Attorney General’s National Treasury Office (PGFN) was reported during the Easter break by Brazilian business news source Poder360. As reported, Lula and …

Flutter Entertainment Plc is in the process of announcing its next chairman as the FTSE100 gambling group finalises its path towards a dual US listing. According to Sky News, Flutter has lined up former Kellogg Company President and CEO John Bryant (2011-2017) as the next chairman of the £24bn valued firm. A US retail figurehead and an expert in global …