As Boris Johnson’s trip over to the continent has continued to attract attention from UK media, Paddy Power has shortened its odds on whether BoJo can secure a deal with Angela Merkel where a backstop doesn’t exist, despite her outlining a hard line 30-day time limit. The Irish bookmaker has been offering odds of 8/1 that BoJo can agree a deal …
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Leading Polish bookmaker STS Gaming Group has moved to enhance its interactive gaming capacities, integrating the full portfolio of live studio games supplier BetGamesTV across its digital portfolio. The interactive gaming partnership has launched on of the STS.pl platform, with the bookmaker confirming that BetGames.TV portfolio will be imminently made available on STS’ mobile inventory. Confirming the partnership, STS management …
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Following the announcement that seven UK on-course bookmakers would be having their licences reviewed by the UK Gambling Commission (UKGC), representatives from the racing sector have called for further information on age verification measures to address under-age gambling. The seven bookmakers had reportedly allowed a 16-year old to place a bet at this year’s Royal Ascot, which took place in …
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Kenneth Alexander, Group Chief Executive of FTSE gambling group GVC Holdings, has underlined his long-term commitment to the company by purchasing £5 million worth of shares. GVC’s leader confirmed that he had acquired 833,000 shares at a purchase price of 588.17p – the transaction sees Alexander increase his total shareholding in the firm to approximately 2.5 million shares. Issuing a …
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Spanish business news sources report that Bolsa Madrid gambling group Codere SA has signed a joint-venture agreement with Hard Rock International, which will see both companies develop new gaming properties within Mexico. The joint-venture will begin with Codere and Hard Rock establishing a new ‘tourist complex’ valued at $1 billion, which will see the US leisure and entertainment group develop …
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Swedish gambling regulator Spelinspektionen has sanctioned a further raft of fines and warnings to licensed operators for breaching its rules on offering ‘under-18’ betting markets. Publishing its latest industry update, Spelinspektionen has fined four licensed incumbents – ComeOn Sweden, Hajper Ltd, Legolas Invest and Faster Ltd – for offering ‘betting on events where the majority of participants are under 18 years of …
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Global sports betting provider Kambi has finalised a multi-state contract extension agreement alongside the sports-tech and media entertainment company, DraftKings. Under the terms of the new extension, provisions have been outlined for the extension of the Kambi-DraftKings partnership into a further eight states, including: Colorado, Indiana, Iowa, Maine, New York, Pennsylvania, Tennessee and West Virginia. Kambi CEO Kristian Nylén explained: …
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Following what it described as a ‘tough first half’ to the year, Rank Group has reported that its operating profits have climbed by 20% as detailed in the group’s H2 2018/19 results (6-month period ending 30 June 2019). While the operator explained that its full-year profits had taken a 22% hit since last year, dropping from £50.1m to £39m, Rank …
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Publishing its 2019 interim results (period ending 30 June), Playtech Plc has underlined its confidence in delivering on full-year expectations and strategic targets. Recording a 68% increase in group revenues to €736 million (H12018: €436m), Playtech highlighted growth across its ‘Core B2B Gambling’ division and the integration of SNAITECH Italia assets as key performance drivers. The FTSE250 technology group detailed that …
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International betting tech firm Sportech has published its interim results for the six months ended 30 June. The figures, which came in lower year-on-year, reflect an ongoing period of transition for the company as it moves towards a more digitized business, while removing cost to increase efficiencies. Revenue growth in Racing, Bump 50:50 and Lottery were all, it said, offset …
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