As football leagues around the world prepare to return behind closed doors, Betgenius’ Head of Trading Dmitri Agapov assesses what a lack of fans means for both pre-match and live pricing. In normal times, tonight’s match between Borussia Dortmund and Bayern Munich at Signal Iduna Park would have harvested one of the best atmospheres in European football. Watching this top …
Read More »
To the dismay of licensed incumbents, Italy’s parliament has approved the introduction of an emergency ‘turnover tax’ on betting and virtual sports wagers. The publishing of last week’s state gazette confirmed that MPs had backed amendments introducing a new ‘temporary’ 0.5% turnover tax across all betting-related verticals – online, retail and virtual sports content. The turnover tax is introduced as …
Read More »
Hosting the UK government’s COVID-19 update yesterday evening, PM Boris Johnson announced the government’s provisional plans to re-open all non-essential retail businesses on 15 June. PM Johnson laid out the UK government’s plans to reopen England’s highstreet stores, obeying strict social distancing orders and ensuring that businesses can maintain employee safety. The government will manage a ‘staged reopening’, allowing outdoor …
Read More »
New proposals submitted to the Swedish government have suggested that horseracing and sports betting could be excluded from the previously suggested deposit limit of 5000 SEK (€500) per week. Earlier this month, Minister of Health Ardalan Shekarabi submitted proposals for a weekly deposit limit as well as a €100 limit on welcome bonuses – a directive that has been widely …
Read More »
Codere SA is pursuing emergency financing options having failed to convince investors to back its business recovery plans, according to Spanish business news source La Razon. The embattled Bolsa Madrid gambling group has failed to secure a further €100m credit line to keep it’s Spanish and LaTam retail business units afloat during lockdown. On the edge of bankruptcy, Codere is …
Read More »
Scientific Games Corporation (SGC) has confirmed the inbound appointment of Michael Eklund as Group Chief Financial Officer (CFO). Eklund will join SGC’s executive leadership team on 1 June, taking control of the Nasdaq technology group’s financial planning, auditing and capitalisation structures. The appointment sees SGC secure a leading CFO for large scale technology enterprises, with Eklund having previously led diverse …
Read More »
William Hill has strengthened its racing expertise with the addition of Nick Luck who will become the bookmaker’s new flat racing expert. The seven-time HWPA Broadcaster of the Year joins William Hill’s stable of racing experts which includes Rebecca Curtis, Sir AP McCoy and the Twiston-Davies’, Nigel and Sam. Commenting on his new role, Luck said: “I am delighted to …
Read More »
The Advertising Standards Authority (ASA) has revealed that under-18’s exposure to gambling advertising is now at the lowest level since 2008. The report entitled ‘Children’s exposure to age-restricted TV ads: 2019 update’ found that the number of TV adverts that children aged 4-15 saw in 2019 dropped to 115.9 ads per week, dropping considerably from the peak of 229.3 ads …
Read More »
Next week, Esports Insider (ESI) will host its ‘ESI Digital Summit’ (26-27 May), where it will discuss all critical components related to the esports value chain amid a disrupted global marketplace. Sam Cooke, Managing Director of ESI, tells SBC that although esports may have navigated COVID-19 disruptions better than its traditional counterparts, stakeholders should not take comfort in the easy …
Read More »
Price management will become challenging for the betting industry as sports return to action, said NSoft Senior Sports Trader Igor Vasilj (pictured), because of the impact the enforced break has had on some of the information used to determine match odds. Vasilj has now spent more than six years with NSoft – a software solutions provider which provides both pre-match …
Read More »
SBC News Voice of the Sports Betting Industry