Latest News

The fallout from perhaps the most important political event for the UK in our lifetime has continued this week with Leave campaigner and former UKIP leader Nigel Farage stepping down. With David Cameron also having resigned, and Boris Johnson announcing he won’t be standing in the race for the next Prime Minister, the political betting markets have been in overdrive. In …

European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

Comedian Steve Coogan and former Isle of Man TT rider Guy Martin are 5/1 joint-favourites to replace Chris Evans as lead presenter of BBC’s Top Gear motoring show. This weekend Evans announced that he would not return for a second series of Top Gear, stating that he had tried ‘his best, but it just did not work out’. Publishing an …

Financial advisory group Davy has lowered sector-wide growth forecasts for UK-listed gambling operators as a result of BREXIT. The ‘Leave’ outcome has forced Davy to review the current positions of listed gambling operators as the UK economy faces months of fiscal and legal uncertainty.    Issuing a market note, Davy analysts detailed that UK legacy operators with both large retail …

Following a period of corporate restructuring, London AIM-listed mobile gambling software provider Nektan Plc is confident that it can reverse its financial performance in the second half of 2016. Last week, Nektan governance provided a preliminary update on its H1 2016 performance detailing that it expected to post £4.2 million in net gaming revenues (H1 2015: £1.6 million). The company …

Embattled Spanish gambling operator Grupo Codere has been issued a lawsuit by ‘former Codere shareholders’ regarding its April share capital disbursement which saw the controlling Martinez Sampedro family reduce its corporate equity to 2%. The share dilution which aimed to raise + €450 million in capital in order to ease the company’s + €1 billion debt with existing creditors is …

Yorkshire based firm Equotion Ltd has announced two major pieces of news for the company this week. The first is the completion of a significant funding round and the second the appointment of Graham Martin as Non-Executive Chairman. Martin is the Founder of Bonne Terre, the licence holder for Sky Betting & Gaming, and he joins CEO James Waterhouse, Chief Data Scientist …

William Hill has confirmed that they are fearing for a fairy-tale Welsh success in the Euro 2016 final on Sunday. The bookmaker has made Germany and France joint 7/4 favourites to win the tournament, but they are hoping that big outsiders Wales fail to emulate the Leicester City story. Wales are currently 8/1, but William Hill have racked up seven …

European online betting operator NetBet has furthered its presence within the French market by securing the official shirt sponsorship of AS Saint-Etienne. The NetBet logo will now appear on the right-hand “pocket” of the shirt, which will be clearly visible during all Ligue 1 2016/17 season games. NetBet marketing further detailed that it had upgraded its betting partnership with ‘Les …

Novomatic has announced that Friedrich Stickler, President of the European Lotteries Association for six years between 2009 and 2015, became a consultant for the group on July 1. Stickler, a long-standing board member of the Österreichische Lotterien GmbH, will support Novomatic with the expertise and experience he has built up over decades in gaming and lotteries. He will play a …