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
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 …
Read More »Timeform picks four winners in the Tipster Challenge at Bath
Betfred helped the Guests extend the lead at the top of the Tipster Challenge table to 5.51 points. Represented by Michael Whittle, Sports Acquisition Executive at Betfred, the Guests picked up a pair of winners and 2.68 points. However, it was Timeform who enjoyed the most successful day at Bath Races, as the combined victories for Dawn Horizons (4/5), Pine …
Read More »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 …
Read More »Donald Trump is now 7/4 to become US President
Donald Trump, the defier of political traders, has been officially and formally nominated as the Republican candidate in the race for the US presidency. Trump was originally priced at odds of 100/1 by William Hill to do so. This was back in March 2015, though odds quickly tumbled to 25/1 by the end of that same month as the bets …
Read More »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 …
Read More »Manuel Concepción – Bantasy – Thrill seeking fantasy
Manuel Concepción is the CEO at Bantasy, a DFS provider based in Miami, Florida. Bantasy caters to both Android and iOS users and is available on the Google App Store and the Apple Store. We caught up with Manuel to talk all things DFS, the great skill vs luck debate and the current state of play in the USA. SBC: …
Read More »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 …
Read More »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 …
Read More »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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