Featured News

News that the SBC Team choose to highlight

ESI Digital – No Drama Please… Esports growth should be treated as business as usual 

Esports has been one of betting’s rising markets following the global health pandemic. Whilst live sports were abruptly  postponed, competitive gaming became a major player by simply shifting from an offline environment to online tournaments. However for some of esports’ biggest betting operators, the attitude towards this rise has been fairly relaxed, partly due to the expectation that competitive gaming …

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Tabcorp double burdened by covid and group impairment charges

Tabcorp Holdings has declared annual statutory operating losses of AUS $870m (€520m), as group performance was anchored by a combination of asset impairment charges and COVID-19 impacts recorded across its retail wagering portfolio.  Publishing its 2019/2020 financial results, the ASX-listed gambling group recorded a 5% decline in group revenues, falling to AUS $5.22bn (FY2018/19: $5.44bn), with the company absorbing double-digit …

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Ministers expected to raise National Lottery age limit

In a move to curb gambling among teenagers, Government ministers are expected to raise the minimum age for the National Lottery to 18. The change, which will likely happen in 2023, could be implemented when the lottery licence comes up for renewal. As a result, it will prevent 16 and 17-year-olds from playing games online, purchasing scratch cards and buying …

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GVC absorbs retail shocks as business recalibrates for critical H2 trading

GVC Holdings stated that it is ‘well placed to balance the year’, as the FTSE100 company absorbed significant retail shocks across its UK and European units, readjusting its full-year EBITDA outlook to £720m-£740m range (dependent on further COVID-19 outcomes). Publishing its interim results for the six month period ended 30 June 2020, GVC noted that the closure of its Ladbrokes …

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GiG lauds its ‘B2B makeover’ delivering Q2 growth

Gaming Innovation Group (GiG) has stated that it has delivered on ‘several strategic directives’ as the firm sets out on its new ambition to become the industry’s ‘leading global tier-1 B2B supplier’.  Publishing its Q2 2020 trading statement, GiG pointed to ‘continued quarterly growth’, recording a 47% increase in group revenues to €16.7 million (Q2 2019 -€11.3m).  Following the divestment …

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Mace launches EQ Connect to solve the industry’s ‘single view’ conundrum on identifying risk 

Will Mace, former Director of Innovation for Kindred Group Plc, has launched EQ Connect – a tailored behavioural analytics platform which will help operators and industry stakeholders to identify ‘at-risk vulnerable customers’ and strengthen all components related to safer gambling.  Mace debuts EQ Connect, as the online gambling industry is pressured by the UKGC and further government agencies to foster …

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BetInvest: The benefits of separating esports betting markets

Writing for SBC News, full-cycle betting software provider BetInvest shares its vision for the esports industry, touching upon the importance of separating traditional titles and ‘eGames’ whilst analysing possible trends for the future. Since March, the interest towards esports, in general, has increased by 20% among the 18-25 age group, and by 50% among the 26-35 age group. This was …

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GVC hails SportsAid programme developing next generation of British athletes

GVC Holdings looks forward to a further year of working with SportsAid, following the success of its first year partnering with the charity in supporting and developing ‘Britain’s next generation of top athletes’. In 2019, SportsAid was announced as one of the beneficiary charities of the FTSE100 firm’s newly formed ‘GVC Foundation’, providing a £2 million ‘community fund’ for its …

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Cross-party think-tank calls for £100 monthly limit on gambling

Cross-party think-tank The Social Market Foundation (SMF) has called for further ‘protective regulation’ of wagering limits to be rolled out, advising regulators that gamblers should be limited to betting ‘£100 each month until they pass more stringent checks‘. Reported by the Financial Times, the think tank claims that it is ‘inevitable that gamblers will sometimes spend more than they can …

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FDJ focuses on delivering ‘2020 savings plan’ as covid drains momentum

Française des Jeux (FDJ) has stated that ‘many uncertainties remain’ as the French national lottery operator seeks to return to ‘a comparable level of activity’ with 2019 trading.  Publishing its first interim results as a Paris Euronext enterprise, FDJ said that COVID-19 impacts have wiped out the firm’s ‘early momentum’ as total group wagers declined by 18% to €6.8 billion …

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