Featured News

Kindred ups operating costs to accommodate for licensed realities

Publishing its unaudited 2019 interim report (January-June), Stockholm-listed Kindred Group Plc has detailed confidence in its long-term prospects, as the company continues to adjust to new regulated market demands across its operating territories. Despite competing against a tough comparative period featuring World Cup 2018 trading, Kindred continued its positive revenue momentum by recording year-to-date group gross winnings of £450 million …

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Rothschild appointment sees UKGC complete advisory for 4th lottery tender

Investment bank Rothschild & Co is to act as the UK Gambling Commission (UKGC) lead financial advisor as the UK prepares to launch its fourth National Lottery tender. The Rothschild announcement, sees the UKGC complete its appointment of tender strategic advisors with ‘big-4’ auditor EY responsible for the competition’s design, management consultancy Deloitte leading policy development and London law firm …

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Better Collective strengthens US grip by acquiring Vegasinsider and Scoresandodds

Industry affiliate Better Collective A/S has advanced its US strategic agenda by acquiring Florida-based Vegasinsider.com and Scoresandodds.com in a $20 million cash transaction. Updating investors, Better Collective said that it has significantly expanded its US portfolio by acquiring two of the most trusted sports betting wagering portals which maintain a legacy of ‘more than 20-years’ experience in offering premium sports picks, content, …

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Spain to outlaw wagering on ‘under 18’ sports

Spain’s DGOJ has approved a number of new provisions to its gambling code, enforcing new measures banning licensed operators from offering betting markets on under-18 sanctioned sporting events. Updating the market, the DGOJ states that it wants to form a ‘clear distinction’ between wagering categories, focused on protecting the integrity of sports where the majority of participants are considered minors. …

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Richard Flint – Racing is a ‘critical friend’ of betting in tackling its regulatory predicaments

Ending his 17-year tenure at Sky Betting & Gaming (Sky Bet), industry figurehead Richard Flint has called for betting and racing leaders to work in partnership, tackling an ‘existential threat’ facing all betting stakeholders. Speaking to the Racing Post, Richard Flint the former Executive Chairman of Sky Bet, warned UK racing leaders not to be complacent in believing that their …

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Treasury praises UKGC for contribution on AML research

Publishing its ‘Anti-money laundering and counter-terrorism financing supervision report 2017/18’, the HM Treasury has praised the UK Gambling Commission (UKGC) for its contribution to research and insights on UK AML concerns. The Treasury publishes its seventh ‘AML/CTF report’, seeking to improve compliance transparency and accountability for UK supervisory stakeholders, across multiple business disciplines. In its report, the HM Treasury consults …

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Betfred expands trading arrangement with Betgenius

Betgenius has announced a ‘major coup’ for its sportsbook content and management services, after securing a ‘long-term trading partnership’ with UK  legacy bookmaker Betfred. The deal sees Betgenius trade in-play markets for major sports including the English Premier League, Football League and Scottish Premiership. Servicing a ‘five-year arrangement’, Betgenius will act as ‘primary in-play trading partner’ for Betfred, leading the bookmaker’s …

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GVC Holdings confirms Sportium JV disposal

FTSE100 GVC Holdings has this morning disclosed that it will sell its 50% stake in Spanish bookmaker Sportium to joint-venture partner Grupo CIRSA for €70 million. GVC secures its interest in Sportium, through its ownership of Ladbrokes, who in 2013 launched Sportium entering a 50/50 partnership with CIRSA. Last May, Spanish business news sources reported that CIRSA had filed a …

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Codere appoints ‘transformation pro’ Luis Sanchez Serrano to lead digitisation strategy

Bolsa Madrid gambling group Codere SA has confirmed the appointment of Luis Sanchez Serrano as new Corporate Director for Technology and Digitisation. A fresh face to the gambling sector, Sanchez Serrano is a 23-year veteran of the Spanish financial services industry, having led technology and innovation divisions for Liberbank, Bankinter and Banco Espirito Santo Portugal. Moving forward the executive will …

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GVC shows global depth countering UK retail realities

FTSE100 GVC Holdings Plc has this morning published its ‘post-close’ interim H1 2019 trading update, citing strong online growth as the company continues to adjust to UK FOBTs retail realities. Despite competing against a tough comparative period featuring World Cup 2018 trading, GVC maintained its digital momentum to record a group H1 2019 NGR of +17%, helping the firm to period …

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