Following last week’s Hesse Ministry of the Interior & Sports (HMDIS) awarding of the first set of federal German online sports betting licenses, German business news sources report that telecoms giant Deutsche Telekom are currently exploring entering the German sports betting market. With the German online sports betting framework still in its infancy, German newspapers report that Deutsche Telekom believe …
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Indian Super League Football – The First Steps
Growing up, I’d hazard a guess that Michael Chopra never thought he’d be one day be telling the press of his wishes to follow in the footsteps of Sachin Tendulkar. The former England U-21 striker recently signed for the Kerala Blasters, and will participate in the inaugural Indian Super League (ISL) which commences in October. Discussing his move he stated: …
Read More »Breon Corcoran – sustainability key to Betfair’s future performance
Following the positive results published in its opening Q1 2015 results, Betfair Chief Executive Breon Corcoran outlined that the operator would focus on product refinement and operational sustainability in order to continue Betfair’s improved financial performance. The operator report increased net gaming revenues of 30% to £117.3 million (Q1 2014: £90.4 million). Betfair further reported that all gaming verticals had witnessed …
Read More »SBOBET & Mansion exit UK betting market
Asian focused betting operators Mansion and SBOBET have announced that they will no longer accept wagers from UK customers; the move sees both operators withdraw operations and marketing from the UK ahead of new industry regulations. Both operators will stop betting services to their UK player bases as of the 15th of September, the day before the UK Gambling Commission …
Read More »Betfair shareholders divided over executive pay & rewards
Following its annual general meeting, nearly a third of Betfair shareholders voted against rewarding the operators executive management. The clash over executive pay comes in the week that Shareholder and corporate governance adviser Pirc had recommended that Betfair investor’s reject the operator’s interim report and accounts at the general meeting, due to the operator’s dividend misconduct over the past three …
Read More »Betfair posts record quarterly revenues & profits
Betfair plc posted its opening Q1 2015 financial performance for the three month period ending 31 July 2014. The London listed operator posted a strong opening which saw net gaming revenues up 30% to £117.3 million (Q1 2014: £90.4 million). Its sports betting division posted a 30% net revenue increase to £83 million (Q1 2014 £64 million), igaming divisions further …
Read More »Perform Group rejects Access Industries + £700 million offer
Sports data and media rights firm, Perform Group PLC is set to reject the £702 million final offer made by Len Blavatnik’s Access Industries this Monday. Perform Group’s management and board felt that the offer underrated the company’s future value and potential. Monday 2 September, saw investment conglomerate Access Industries, owners of 42.5% of Perform Group issue a cash buyout …
Read More »Titanbet launches UK site ahead of licence deadline
Titanbet have announced the launch of new UK focused sports betting vertical – Titanbet.co.uk. PT Entertainment Services, a subsidiary brand of igaming software services provider Playtech, will plan to secure a UK gambling licence by October 2014, enabling the operator to continue to offer its services to UK customers. Titanbet.co.uk will see the migration of Titanbet UK customers to the …
Read More »DMG sells Metro Play to 666Bet
DMG Media igaming subsidiary Metro Play has been sold to Isle of Mann registered operator 666Bet for an undisclosed fee. 666Bet management will incorporate Metro Play online casino operations and digital assets. It is confirmed that as part of the acquisition deal terms, 666Bet will receive a discounted rate card for advertising on DMG Media verticals, which include the Daily …
Read More »Pirc asks for Betfair investor veto
Shareholder and corporate governance adviser Pirc has recommended that Betfair investor’s reject the operators interim report and accounts at the upcoming general meeting (Thursday 4 September). Pirc management recommended these actions after The Local Authority Pension Fund Forum (LAPFF) had called for a review of Betfair auditing and corporate governance, following several breaches of dividend misconduct over the past three …
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