iGaming

Eyeing a stronger presence in European markets, Odds on Compliance has appointed Cheryl Jones to coordinate its strategy in the continent. Assuming the role of President of Odds on Compliance’s European Division, Jones brings extensive experience of the European betting and gaming sector to the company, having served in legal and compliance roles at five different companies. Her latest role …

Playtech Plc has notified investors that it expects its full-year 2022 EBITDA to reach at least €400m, based on the expected growth of its B2B online gambling unit and Snaitech Italia B2C operations.  The FTSE250 gambling technology group issued an FY-2022, pre-close trading statement in which it announced strong growth and KPIs since its 2022 interim results were announced on …

Kindred Group, ATG and Svenska Spel have published their first ‘key metric report’ on Swedish problem gambling rates and interventions related to their individual businesses. In Autumn 2022, the businesses pledged to openly report on four key gambling harm metrics, with an update provided every six months and presented to Spelinspektionen, Sweden Gambling’s Inspectorate.   A commitment was made to “contribute …

The UK Gambling Commission (UKGC) has issued its third financial enforcement action of 2023 against Touch Games, charging the firm £6.1m. An igamng operator, In Touch Games, like most firms that find themselves in the UKGC’s regulatory spotlight, was penalised for social responsibility and anti-money laundering failings.  This marks the third time the firm has been the subject of regulatory …

Swedish senior clinicians have highlighted that data-lags are impeding Sweden’s healthcare network from treating problem gambling addiction effectively.  Last week, Swedish newspaper Aftonbladet featured an editorial by psychiatric clinicians citing concerns that the country’s healthcare network required deeper resources to treat and identify gambling harms.  Concerns were cited by Dr Anders Håkansson of the Malmo Addiction Clinic, who cited that …

888 Holdings has notified media that Phil Walker has been promoted to the ‘expanded role’ of Managing Director of its UK and Ireland business. Walker has formerly served as Managing Director of William Hill, overseeing the day-to-day performance of the heritage betting group’s online and retail units. The appointment sees Walker take on expanded duties, overseeing the performance and operations …

The no-nonsense approach adopted by the Kansspelautoriteit (KSA), the Dutch Gaming Authority, is set to continue this year, as the regulator made its first enforcement action of 2023. In a statement, the KSA revealed that an operator trading as Shark77 had been fined €900,000 for offering a ‘games of chance’ service without an approved licence. This is a violation of …

The US Securities and Exchange Commission (SEC) has been informed by Nueva Codere of a cyberattack to its subsidiary Codere Online, resulting in losses of €744,000.  The admission to the SEC outlined ‘weaknesses in internal controls’, which allowed hackers to access Codere Online’s email systems. The cyberattack saw hackers pose as ‘Codere Online agents’, who sent ‘manipulated invoices’ to various …

FansUnite Entertainment Inc has lauded the performance of its wholly-owned B2C white-label property McBookie (McBookie.com).  2022, FansUnite’s flagship UK brand achieved a turnover of £45m, up 22% on corresponding year results of £36.6m. Peak wagering was attributed to McBookie generating a 26% increase in sportsbook turnover to £16.5m (FY2021: £13m), combined with an improved online casino turnover of £28.4m (+20%).   …