Titanbet UK (Titanbet.co.uk) continues to increase its brand coverage within UK racing by announcing its latest sponsorship link-up with Chelmsford City racecourse. The bookmaker will commit to sponsoring twenty race days at one of UK racing’s newest tracks, which opened in January 2015. The bookmaker’s sponsorship will begin on Thursday the 26th May. Titanbet UK adds Chelmsford City to its …
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HMRC denied Supreme Court appeal against Sportech £95 million tax claim
Issuing a market update, Sportech Plc has announced that the UK Court of Appeal has denied HM Revenue & Customs (HMRC) permission to appeal the decision which ruled in Sportech’s favour regarding a £97 million tax repayment claim to the Supreme Court. The decision by the Court of Appeal will likely end Sportech’s 7-year battle with HMRC regarding the tax …
Read More »Camelot revenues hit all time high thanks to digital uptake
UK national lottery operator Camelot, has detailed that its continued focus on optimising its digital channels has paid dividends as corporate revenues hit an all-time high of £7.6 billion. The group revenue increase comes despite a slight ticket sales decrease in its draw-based games which recorded revenues of £4.6 billion for the 2014/15 financial period. Camelot governance stated that it …
Read More »BAGS greyhound streaming boosts racing’s funds by £750,000
Bookmakers are to add three quarters of a million pounds into the coffers of greyhound racing after the successful launch of a new streaming service six months ago. BAGS, the Bookmakers’ Afternoon Greyhound Service which organises greyhound fixtures to be televised in betting shops, has announced that it has raised almost £750,000 additional funds for the greyhound racing industry via …
Read More »Playtech commits to Quickspin €50 million acquisition
Industry leading gambling technology provider Playtech completes its first major acquisition of 2016, by confirming that it has agreed to acquire Swedish igaming and social games content developer Quickspin AB for a maximum consideration of €50 million. Founded by the executive team of Daniel Lindberg (CEO), Mats Westerlund (CCO) and Joachim Timmermans (CPO) in 2011, Quickspin has become one of …
Read More »Esports Betting Summit Review – Part 2 – Don’t be a dad at a disco
The afternoon sessions at the Esports Betting Summit focused more on understanding esports customers and how to build a brand which appeals to them. The Betgenius Esports Panel took place just before lunch and the topic of the World Esports Association (WESA) was briefly discussed. Ben Conroy, Esports Product Manager at Sky Betting & Gaming, made the valid point of whether …
Read More »GVC the ‘Dark Horse’ of betting as company value hits £2 billion
The Financial Times has labelled FTSE-listed online betting operator GVC Holdings (GVC) the gambling industry’s ‘Dark Horse’ as its corporate value hits the £2 billion mark. Since its £1.1 billion takeover of bwin.party Entertainment (deal completed February), GVC’s growth rate has surpassed competitors 888 Holdings and Ladbrokes Plc. Its takeover of bwin.party assets has transformed the company, which according …
Read More »Yggdrasil launches new slot Monkey King
Yggdrasil Gaming’s new game Monkey King promises to bring plenty of good fortune to players with the chance of free spins, unlimited winning streaks from sticky wilds and even a visit from the mythical monkey himself. The low-to-medium variance slot is set on an isolated mountain temple where players spin to try to find ancient treasures while following the adventures …
Read More »500.com reduces costs as it enters fifth straight quarter with no core revenues
Investor concerns continue to mount regarding New York-listed Chinese sports lottery operator 500.com’s ability to survive its services suspension imposed by the Chinese Ministry of Finance. Posting its Q1 2016 financial performance, the company would record its fourth consecutive quarter with no core product revenues, declaring operating losses of – $15 million for the period. 500.com governance would present no …
Read More »Betfect adds William Hill to its social network
Betfect went live last year with Ladbrokes and it has now been announced that the sports betting social network will henceforth include odds from William Hill too. The London based tech start-up is aimed at enhancing the sharing of bets and making digital sports betting more of a social activity, as was the case when people would place their bets …
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