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Change of Scene…Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

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Scout Gaming DFS targets December Stockholm First North IPO

Industry daily fantasy sports (DFS) systems provider Scout Gaming has published its Nasdaq First North corporate prospectus, as the company seeks to widen its investment pool in order fund its aggressive future growth strategy. Publishing its prospectus, Scout Gaming governance will initially offer 2.6 million new company shares on Stockholm’s Nasdaq First North market priced at SEK 23 per share, …

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AXL Affiliates secures £22 million Astute Media

Copyright: mkos83 / 123RF Stock Photo

AXL Affiliates, a global independent iGaming company, has announced the acquisition of Astute Media and its 12 subsidiary companies. The global advertising platform, that generates in excess of 9,000 impressions per day, is to aid AXL in reaching new markets and territories in addition to strengthening its presence within the sports betting affiliate sector. Alex Munteanu, Founder and President of …

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Tabcorp hails “significant step” following merger greenlight

The tortuous progress of the long planned AU$11bn merger between Tabcorp and Tatts has been eased after the Australian Competition Tribunal (ACT) gave the deal the go-ahead, for the second time. The case had been referred back to the ACT for a second review, following opposition to the deal from the Australian Competition and Consumer Commission (ACCT) and rival betting …

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BetRegal diary – Moving past some of the early frustrations

BetRegal

Former Pinnacle Marketing Director Aly Lalani is one of the key drivers behind the launch of BetRegal.com, a new sportsbook created to provide its customers with the “highest possible value” in prices. In the fifth diary of this series, we are moving towards the present day. It’s the summer of 2017 and the product is live, but there are a …

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High flyer Smarkets looks forward to 2018, following Deloitte ‘Fast 50’ tech recognition

Online betting exchange Smarkets has secured the fourth spot on the ‘Deloitte Fast 50’, an enterprise index listing the ‘fastest growth UK technology businesses’. The only industry enterprise to list in the Deloitte Fast 50, Smarkets joins a prestigious top ten of UK-based technology firms, which is headed up by food delivery platform Deliveroo ranking number 1 for 2017. Recognised by …

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Is it time for football to embrace the expansion of major tournaments?

When FIFA President Gianni Infantino announced in January that the 2026 World Cup would be expanded from 32 teams to host 48, it evoked widespread negativity from the football World.   However, none that reacted to that meeting in Zurich with discontent, could have anticipated what would follow 11 months later. As a dramatic World Cup qualification campaign culminated in …

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On track William Hill set to deliver £40 million in group 2017 savings

Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …

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LetsBet.com aims to ‘flip the script’ for casino players in 2018

New online casino brand LetsBet.com will be launched in early 2018, seeking to become the most engaging destination for online gambling consumers. LetsBet.com is brought to market by Malta MGA-licensed enterprise Pioneer Play Ltd, a new online gambling group founded by Michael Pedersen (CEO), former Scandinavian commercial lead for NetEnt, and Stefan Lind, (CMO) former operations lead at LeoVegas AB. …

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Catena Media sets 2020 vision

Ahead of its Capital Markets Day (6 December), Stockholm-listed industry affiliate network Catena Media has announced that it has reset its enterprise long-term financial targets, as corporate governance seeks to extract optimal value for its investors. Updating stakeholders, Catena’s Board has set the enterprise target of generating a group EBITDA in excess of €100 million (£90 million) by the year …

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