Annatar Limited, the holding company of online bookmaker 188BET, has announced that it will no longer service the UK and Irish online gambling markets. This morning Annatar published a full closure announcement on the 188BET.co.uk website, stating that it had ceased providing services to players located in the UK, Ireland, Channel Islands and Gibraltar. In its statement, Annatar maintains that …
Read More »
Digital performance marketing services provider, XLMedia, has reported a “challenging year” after its full year report, ending 31 December 2018, saw revenues, gross profit and EBITDA take a hit. The group attributed this primarily to “operational challenges”, with its 2018 performance impacted by the “adverse impact of gambling regulation uncertainty in specific territories, website ranking issues impacted by spamming and …
Read More »
Speaking at last week’s PaymentExpert Forum, Bryan Blake Founder & CEO of Hexopay gave SBC audiences a detailed breakdown of the current US payments landscape for gambling incumbents, and the challenges stakeholders face in interpreting and accommodating the mandate of the 1961 Wire Act… ________________ SBC: Hi Bryan thanks for speaking at SBC’s PaymentExpert Forum. As a payments industry executive, …
Read More »
In a bid to offset any potential revenue losses incurred through the Fixed Odds Betting Terminals (FOBTs) ruling, William Hill has requested that its landlords reduce its rents by 50 per cent. As reported by Property Week, an open letter was issued to 2,000 landlords across the country at the beginning of the month requesting the rent cuts, effective immediately. …
Read More »
Writing for The Daily Telegraph, tennis correspondent Simon Briggs has reported on player discontent and disillusion at the International Tennis Federation – ITF’s new professional ranking and tournament qualifying system. Briggs reports that lower ranking players believe that their professional progress has been thwarted, by the introduction of the ITF’s new ‘World Tennis Tour’ ranking system. Players have complained of …
Read More »
Merkur Sportwetten GmbH will strengthen its European and Polish presence as it awaits the approval of its acquisition of Warsaw-based Totolotek SA. The takeover will mean that Polish sports bettors will have the opportunity to wager bets via MERKUR Sun. CEO of Merkur Sportwetten, Niko Steinkrauß, celebrated the new deal: “Sports betting is extremely popular in Poland and for many football fans it’s an …
Read More »
Marked as a major corporate milestone, Gaming Innovation Group (GIG) will begin trading as a Stockholm Nasdaq enterprise today (Tuesday 26 March), having secured main market listings approval. Moving forward, GIG will now operate as a dual-listed enterprise, with its shareholding maintained on the Stockholm Nasdaq (ticker – GIGSEK) and Oslo Børs (ticker – GIG). GIG’s Stockholm IPO has been assisted …
Read More »
The Irish Bookmakers Association (IBA) has expressed its hopes towards the introduction of a Gambling Control Bill and an Independent regulator, as published in its inter-departmental group report. Irish Minister of State, David Stanton, noted that with a fast-evolving industry and changing demographics, “the State’s licensing and regulatory approach” must also adapt. He added: “Incremental change is not a viable …
Read More »
Leading sports betting affiliate and media portal Oddschecker, has stated its intent on expanding its services within the liberalised US betting market, confirming the appointment of Nick Wilby as its first Head of US. A 10-year veteran in marketing and publishing, Wilby joins Oddschecker’s senior management team from Stockholm listed competitor Catena Media, where he formerly served as Head of …
Read More »
Racing content and sports data provider SIS (Sports Information Services) has extended its agreement with the Singapore Pools (Private) Limited by two years, which will see the provider become the distributor of live pictures and data from the Singapore Racecourse in Kranji, Singapore. As part of the new deal, the data provider will showcase 800 races from the Kranji course, …
Read More »
SBC News Voice of the Sports Betting Industry