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Sapar Karyagdyyev, CEO of Gamingtec, looks at the key challenges when adopting a white-label solution, and why companies must exercise caution when entering the igaming market. Using a white label offering is one of the most popular solutions for entrants interested in beginning their casino or sportsbook operations. Browsing the internet, one can find lots of tips and suggestions explaining …

Scientific Games Corporation (SGC) has published its Q2 trading statement, underlining that COVID-19 has impacted all core business channels, as the company recorded a net operating loss of $198 million. As previously communicated to markets, the Nasdaq technology group stated that pandemic disruptions have ‘affected comparability to previous trading periods’, as group Q2 revenues dropped from $845 million in Q2 …

Kindred Group Plc stated that it has demonstrated its capacity as a ‘resilient and adaptable business’ by delivering growth across all core metrics during unprecedented times. Publishing its 2020 Interim statement, Kindred has recorded Q2 group revenues of £235m, up 4% on corresponding 2019’s £226m, as 2020 year-to-date revenues stand at £484m (YTD2019: £450m). Updating investors, Kindred stated that in …

Sports betting platform and systems provider Kambi Group has lauded its ability to ‘weather COVID-19’s profound impact on the sporting calendar’ as the cancellation of live sports hinders business operations during the quarter. Publishing its Q2 2020 report, Kambi revealed that ‘the combination of resilient betting volumes and a gradual return of major leagues and sports, complemented by significant cost …

Parimatch has moved to expand its virtual sports inventory, partnering with independent content supplier Global Bet. The Eastern European multi-market betting group has installed Global Bet’s ‘pro series content’ across its gaming and sports betting portfolio, allowing its customer to access ‘like-for-like virtual sports games that can be personalised for every operator’. Further to its statement, Parimatch declared that it …

Ongoing Russian developments have seen the state Duma accept the second and third readings of Bill 647044-7, significantly modifying Russia’s existing sports betting laws.   Originally presented to the Duma on 30 April, Bill 647044-7 has amended ‘federal regulations on activities for the regulation and conduct of gambling’. Within its mandate, the bill will allow the Kremlin to implement ‘limits on …

Spain’s Jdigital has submitted a ‘compendium of arguments’ to the European Commission (EC) highlighting that the introduction of the Draft Royal Decree breaches EU law on business practices and fair market arrangements. Jdigital, with the backing of the European Gaming and Betting Association (EGBA), argues that the Royal Draft Decree had not been subject to ‘public consultation’, and that it …

Global Lottery Monitoring Systems (GLMS) has urged industry stakeholders to ‘take strong action to protect themselves’ against the risks associated with unregulated sponsorships. Publishing ‘A study of betting operators and their sponsorship of sport’, GLMS aimed raise awareness of the ‘scope and scale of betting sponsorships’. Its research aims to ‘illustrate how some betting operators exploit these partnerships with sports …

Tabcorp Holdings has confirmed that Group Chief Executive David Attenborough will be stepping down in the first half of next year. Attenborough initially joined Tabcorp in April 2010 as managing director for wagering. He then became Managing Director and CEO following Tabcorp’s demerger of its former casinos business in June 2011. As CEO of Tabcorp, Attenborough led the firm’s AUS …

Genesis Global Limited has this morning confirmed that it will appeal the UKGC’s ‘interim suspension’ of its licence, sanctioned this week as part of an ongoing investigation by the regulator into ‘undisclosed compliance failures’.  Enforcing Section 116 of the 2005 Gambling Act, the UKGC launched an immediate investigation of Genesis’ online casino operations, stating that the operator was ‘unsuitable to …