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Former Greek state run gambling operator OPAP, posted a bigger than expected drop in profits for 2013. The operator had been hurt by new corporate gaming taxes implemented in the region. The operator had been burdened with a new 30% levy on its gross gaming revenue, which saw 2013 net profits drop to €141 million (£117 million). The new 30% …

French sports betting operator – France Pari witnessed growth in their B2B and B2C services divisions, as the French licensed operator posted a 70% increase in revenues for Q1 2014. The operator generated Q1 2014 revenues of €4 million (£3.4 million), France Pari further posted EBITDA of €150,000 (£124,000). The operator highlighted uptake of its mobile betting product by customers …

US based social gaming developer has acquired $12 million (£ 7.3 million) in venture funding , as the developer looks to build its real money gaming platform. Based in Glendale California, Gamblit Gaming aims to open its platform to game developers who want to add real money mechanisms to their game portfolio. Once integrated in the platform, Gamblit will promote …

Ahead of the Betting on Football Conference, team SBC caught up with  online betting exchange Matchbook.com’s CEO Mark Brosnan. Having recently re-launched Matchbook.com, Brosnan gives insight into building new brands in igaming and forming deeper bonds with sports betting customer s whilst being to optimise football betting marketing This April Matchbook.com has partnered with charity ‘Right to Play’, donating all commissions generated …

SafeCharge, the payments solutions provider specializing in Forex brokers and online gambling sites, formally launched its shares for trading today with an initial public offering (IPO) which raised new equity capital for the company to the sum of $125 million. The SafeCharge International Group Limited, a Central Bank of Cyprus authorized payment institution with about two hundred employees worldwide, floated 149,759,260 …

Paddy Power Australian owned Sportsbet lost its Victoria Supreme Court injunction over employee poaching by operator BetEazy. Having heard the representative cases of both operators, the appointed judge, granted favour to BetEazy regarding the hiring of customer services manager Kelli Carpanini. Sportsbet lawyers claimed Carpanini breached her six-month non-compete period by commencing work for BetEasy last month and had sought …

Sports betting operators Sportech and Rank Group may be rewarded with UK tax returns concerning corporate claims for refunds on overpaid UK VAT. Both operators have applied for UK High Court hearings regarding tax rebates on overpayments made by the operator to the UK government. Further positive news for the operators saw the UK High Court ruled that refunds for …

BettorRetail frontman David McMorrow, former marketing guru at William Hill and Ladbrokes, discusses with SBC’s David Kelly how loyalty cards and gaming machines have energised retailers, although difficulties remain. How has Odds On!-Ladbrokes’ loyalty reward programme, changed the retail betting industry? Odds On! was the first betting loyalty card on the high street and was launched back in 2008. While …

The Spanish gambling regulatory body is set to establish new provisions and laws that will allow the promotion and coverage of igaming verticals to be broadcast on Spanish national television. Although online gambling is permitted, through granted national license the Spanish Government and Advertising Standards do not permit the broadcasting of television adverts promoting igaming verticals. The new incentives to …

With the football World Cup in Rio offering a fantastic potential revenue boost, Tim Axon, Head of Gaming, Maxymiser, insists betting companies need to get their mobile Big Event Betting strategies in shape – and fast. Trying out new content and ideas at Cheltenham and the Grand National could be the key to re-engaging customers, increasing average customer value and …