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The Horserace Betting Levy Board (HBLB) has confirmed that reserves held to support the sport through difficult times will be 40% lower than pre-pandemic levels. Reported by The Guardian, the Board’s chief executive Alan Delmonte revealed that reserves are predicted to be around £30 million by the end of December, having been around £50 million in March. “That shows you …

A year-on from implementing its corporate transformation programme, William Hill Plc has praised the execution of its new strategy which has helped the company navigate Covid complexities and further industry headwinds. Publishing its half-year results for the six months ended 30 June 2020, the COVID-19 disruptions to live sport were a key factor in the 32% decline in net revenues, …

GVC Holdings‘ European flagship sportsbook property bwin has been confirmed as the new betting partner of the Belgian Pro League and Eleven Sports for the next three seasons. The deal will cover the Jupiler Pro League, D1B and the Supercup, with the online operator also becoming the rights holder of the national betting streaming rights to the Pro League, broadcast …

Gauselmann Group subsidiary Merkur Sportwetten GmbH has grown its presence in the Belgian market after increasing its holding in Betcenter Group NV from 50.1% to 74.9%. The partial sale, which came in with retroactive effect on 1 January 2020, will mean that Seydi Tekin will remain as chief executive officer of Betcenter in the long term. Meanwhile Carsten Schaudienst will …

International Game Technology (IGT) cited the ‘intense impact’ of casino and gaming hall closures on its business, as the New York-listed gambling technology group recorded H1 2020 operating losses of $291 million. Absorbing Q2 double-digit declines across its core business segments of lotteries, International, North America and Italy, IGT recorded a 48% decline in revenues, falling from $1.23 billion in …

Racing content and data services provider Sports Information Services (SIS) has enhanced its footprint in the Spanish and Latin America markets by entering into a partnership with Ekasa Reta’s flagship brand, RETAbet. Under the agreement, SIS will deliver its 24/7 Live Betting Channels, which will feature a mix of global horse and greyhound racing. This will provide RETAbet with ‘profitable …

GAMING1 has enhanced its offering of responsible gambling products by releasing a range of Artificial Intelligence player protection tools. The toolkit, which was designed by the company’s in-house product development team, aims to monitor all players activities and detect any early signs of problem gambling. Commenting on the launch, Sylvain Boniver, COO at GAMING1 said: “We’ve created a cutting-edge product …

Fun88 has strengthened its network of partnerships after being named the official partner for the Hero Caribbean Premier League (CPL) 2020 season. Under the terms of the agreement, Fun88 will work alongside the CPL to deliver ‘exciting content for fans to enjoy’, while also boosting the cricket tournament’s engagement. . Jamie Stewart, Commercial Director of the CPL, stated: “It’s a …

Getting on the path towards Strong Customer Authentication (SCA) compliance should be the “north star of every vendor’s roadmap” said ConnectPay CTO Marius Galdikas, as we move towards the revised final deadline for the new payment security standards set by the European Banking Authority (EBA). The SCA law states mandatory two-factor authentication for online transactions and contactless payments made within …