Flutter Entertainment has announced that it has won a New York arbitration against Rupert Murdoch’s FOX Corporation related to the ownership terms and valuation of FanDuel. The FTSE100 gambling group has settled its 18-month legal dispute against the US media network that had initiated an arbitration on the terms of its option to acquire an 18.6% stake in FanDuel and …
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FSB has continued to make strides in developing its retail offering with the launch of a new Companion App. Players will now have the ability to transfer bets placed in a brick-and-mortar betting shop onto a digital wallet app via their smartphone. The app, which can be branded end to end for individual operators, also allows players to transfer bets …
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Sergei Efimenko, Chief Executive of Atlas-IAC, provides an in-depth breakdown of how automation has disrupted all active components of modern sports betting beyond simple price alignment. Efimenko warns sports betting operators to prepare for the next wave of AI led automated innovations, that will improve the customers experience but complicate industry tech stacks. SBC – Thanks for speaking to SBC, …
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Like many sports, horse racing has had a turbulent couple of years financially, but one of the biggest hurdles it must now clear is broadening its audience of bettors. Attendance rates in long-established horse racing markets such as the UK are falling, and many younger punters are being increasingly drawn to the appeal of markets such as football with flashy …
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HM Revenue & Customs (HMRC) tracks £1.62bn in tax receipts generated by UK gambling during the first half of the financial year for 2022/2023 (April 2022 to March 2023). The tax authority has published its latest data sets for ‘UK Betting and Gaming’ which include ‘provisional tax receipts’ on income generated during the interim months of 2022/2023 (April-to-September 2022). Generating …
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Spain‘s gambling market will undertake significant changes following the Senate’s approval to reform the Gambling Law of 2011. On Wednesday, Senate members voted 146 in favour (vs 113 abstentions) to amend the gambling law to “improve controls on sports manipulations, betting fraud and expand protections for problem gamblers.” The headline proposal will allow Spanish gambling regulator DGOJ to operate a …
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Finding the balance between life and work can be tricky in any business, but for Parimatch Tech a new dimension was added this year when its home country was thrown into turmoil. The Kyiv-founded enterprise, now headquartered in Cyprus but with strong links to and operations in its homeland, has played an active role in supporting the Ukrainian public in …
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Anna Vikmane, Director of BETER Live, discusses the company’s response to the war in Ukraine and the work that her team has done to support one another during this difficult time. She highlights some of the difficulties that she, on a personal level, has faced over the last eight months before explaining the reasons why she remains optimistic for the …
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The government of Albania will seek to relaunch the Balkan nation’s sports betting marketplace by 1 January 2023. Sports betting was prohibited in 2018 alongside casino and online gambling, a decision sanctioned by Albanian Prime Minister Edi Rama as a youth protection and anti-corruption measure. This summer, Balkan news sources reported that Rama was considering suspending gambling’s prohibition to generate …
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All eyes have been on Latin American regulatory developments over the last few years – and with Brazil on the cusp of regulating sports betting, the region could soon become the next sports wagering global powerhouse. In Issue 23 of the SBC Leaders Magazine, we wanted to offer a Latin American twist. Kicking off this edition, Caliente Interactive’s Chief Marketing …
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