Bringing new player engagement dynamics to its football pools product, Colossus Bets has announced the launch of its ‘Colossus Syndicates’ feature which will enable users to propose crowdfunded tickets which will compete for Colossus jackpots. Updating the market, the Colossus Syndicates feature is now live on the firm’s B2C colossusbets.com site with an enhanced version set to be rolled out …
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Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …
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Speaking to Kindred Group investors and corporate stakeholders, CEO Henrik Tjärnström described 2016 as a transformative year for the enlarged operator which has successfully incorporated new assets and expanded its existing verticals. Closing his firm’s most successful year in business, Tjärnström states that 15-brand Kindred Group (formerly Unibet Group Plc) has achieved its long-term goal of becoming a ‘true European …
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Mobile casino LeoVegas is celebrating its fifth birthday by reaching €800 million in deposits from over 600,000 customers. Having launched in 2012, LeoVegas.com generated €39.7 million in Q3 2016, and has experienced a 76% growth in revenue over the last nine months. LeoVegas was the first operator to launch in-game deposits across all markets, and became a listed company in …
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New UK bookmaker Sun Bets has announced that it will sponsor English National League South side Sutton United for their upcoming FA Cup fifth round tie against Premier League giants Arsenal FC. The one-time sponsorship will see the Sun Bets logo printed on the front of Sutton United match day shirts for the FA Cup tie which will be televised …
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Russia’s government is preparing to step up its efforts of restriction against ‘unlicensed’ foreign bookmakers targeting its national consumers. This week Russian news sources have detailed that Ministry of Finance has drafted a set of new provisions targeting restrictions on banks and online payment processors, with a view of severely limiting the number of paid transactions made to foreign operators. The …
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Stockholm Nasdaq-listed Catena Media continues its affiliate marketing expansion by confirming that it has agreed to acquire Swedish online casino portal Slotsia.com for a maximum consideration of €5 million. Updating investors, Catena governance stated that the acquisition would boost the firm’s position as industry leader in Scandinavian player acquisition, furthering its services to Catena client operators. In its acquisition note, Catena …
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Updating the market Nasdaq-listed Scientific Games Corporation (SGC) has confirmed the appointment of Karin-Joyce (KJ) Tjon as its new Chief Operating Officer (COO) and President, the appointment will be effective from 13 February. Reporting directly to Group CEO Kevin Sheehan, Tjon will be charged with leading SGC gaming and lottery operations, aiding business development strategies and further maintaining the firm’s …
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Continuing sector trends, Nordic Nasdaq-listed sports betting platform and software supplier Kambi Group is the latest industry stakeholder to have been impacted by unfavourable sporting results this December. A tough closing to its full-year 2016 performance, saw Kambi record an operating EBIT of €1.8 million down from Q4 2015’s corresponding €3.3 million. The industry supplier detailed that adverse sports results …
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Next week marks a crucial chapter for the Labour Party leadership of Jeremy Corbyn as both Stoke-on-Trent Central (Staffordshire) and Copeland (Cumbria) constituencies head to the by-election polls (Thursday 23 February). A divided party following the departure of senior cabinet members, Labour battles to keep two of its supposed ‘safe seats’. Should labour lose the constituencies of Stoke and Copeland …
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