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‘Challenging Period’ – Betsson H1 earnings hit by currency fluctuations & lower betting margins

SBC News 'Challenging Period' - Betsson H1 earnings hit by currency fluctuations & lower betting margins

The governance of Stockholm-listed European sports betting operator Betsson AB has stated that H1 2016 has been a challenging period in which the business has faced various obstacles.  Presenting its H1 trading results (six month period ending 30 June), Betsson detailed that although group revenues had hit SEK 1.93 billion (13% up on H1 2015: 1.7billion), its performance had been …

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Low margins & increased taxes impact Mr Green H1 earnings

SBC News Low margins & increased taxes impact Mr Green H1 earnings

Updating the market, AktieTorget-listed European online gambling operator Mr Green & CO AB (Mr Green) detailed that despite seeing topline revenue growth during Q2 2016, tax duties and higher expenses have impacted its period earnings. The operator would record increased corporate revenues of SEK 211 million up 8% on corresponding Q2 2015’s SEK 194.8 million. Detailing revenue drivers Mr Green …

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LeoVegas appoints Andreas Bardun as Sportsbook lead

SBC News LeoVegas appoints Andreas Bardun as Sportsbook lead

Stockholm Nasdaq-listed LeoVegas has confirmed the appointment of Andreas Bardun as its new Head of Sportsbook. Bardun joins the Malta-based operator from Betsson Group, where he led sports betting operations for its Nordicbet subsidiary brand and further held senior management positions within its sports betting department. Reporting to Robin Ramm-Ericson, LeoVegas Co-Founder, and Chief Experience Officer, Bardun will be charged …

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Cherry acquires first 49% of shares in ComeOn Malta Ltd

SBC News Cherry acquires first 49% of shares in ComeOn Malta Ltd

Cherry AB has announced the acquisition of the first 49% of shares in ComeOn Malta Ltd, strengthening its market position in Scandinavia with brands including ComeOn, Mobilbet, Folkeautomaten and Casinostugan. The company also has the option to acquire the remaining 51%. The acquisition, which is expected to have an immediate positive effect on Cherry’s profit, included payment with 2,901,475 B-shares …

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Betway & bet365 winners of Euro 2016 Final TV coverage

SBC News Betway & bet365 winners of Euro 2016 Final TV coverage

  Detailing insights of sports betting operators’ website trends during the Euro 2016 Final (10 July), broadcast analytics company TVSquared has broken down digital bookmaker activity and coverage during the final match. Analysing the performance of eight bookmakers during the France Vs Portugal match shown on UK broadcaster ITV1, TVSquared detailed betting activity from the pre-match build up (7-8pm BST) to post match analysis (10.30-11pm …

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Poland adds further restrictions to online gambling framework

SBC News Poland adds further restrictions to online gambling framework

To the surprise of gambling stakeholders, the Polish government has rejected amendments to liberalise its online gambling framework, instead choosing to add further operator restrictions. With foreign operators expecting Polish regulators to add online casino and poker provisions to its online gambling framework, the Polish Council of Ministers announced that slot games would be restricted to play on state-owned lottery …

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James Henderson resigns as CEO of William Hill

SBC News James Henderson resigns as CEO of William Hill

William Hill has this morning announced that James Henderson has stepped down as Chief Executive Officer with immediate effect. Philip Bowcock, Chief Financial Officer of William Hill will manage corporate leadership as Interim CEO. Issuing a market update, William Hill governance stated that the search for Henderson’s replacement had been instigated. A William Hill governance veteran, James Henderson had been appointed …

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