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Dealmakers of the $300m acquisition of Meridian Bet Group by Golden Matrix Group (GMGI) expect the deal to be closed by the end of Q1 2024 trading. First announced on 12 January 2023, the deal’s forthcoming closure was detailed by the management of Meridian Bet via the publishing of a ‘corporate progress and pending acquisition report’. Following several amendments, Meridian …

The Professional Darts Corporation (PDC), along with the CEOs of Prostate Cancer UK, have responded to the success of THE BIG 180 campaign at the World Championships. Launched in partnership with Flutter Entertainment-owned Irish bookmaker Paddy Power, the campaign sought to raise money for awareness of Prostate Cancer UK’s charitable operations. The BIG 180 saw Paddy Power pledge to donate …

The Congress of Uruguay has announced that it will resume its debate on whether to legalise online gambling in March. The deliberation on online gambling is needed following a near two-year hiatus on the matter, following the Chamber of Senators’ approval of an Online Gambling Bill in August 2022. Uruguay’s designated Bill is reported to have been stuck under review …

Portugal’s Gaming Regulation and Inspection Service (SRIJ) – part of the National Tourism Authority which governs gambling activity – has published its latest quarterly report on the developments in the country’s betting and gaming industry. Online betting and gaming  A detailed look into Portugal’s online betting and gaming market highlights that all 17 entities currently authorised to carry out relevant …

Betsson Group has formed a partnership with Greek fintech company OKTO. As one of the most prominent names in the Greek igaming space, the Sweden-based multinational betting operator will integrate the OKTO.CASH cash-to-digital payment method. Betsson will leverage OKTO.CASH’s network of over 13,000 points of sale across Greece, with the solution designed to meet local market requirements and provide ‘a …

British bookmaker Fitzdares has announced the hiring of Nick Dutton as its new Chief Operating Officer. With 36 years’ experience in IT & technology roles largely within the gaming sector, Dutton joins Fitzdares with immediate effect, where he will oversee technological improvements that will drive brand growth and provide an unrivalled user experience for all Fitzdares members. The company has …

PressEnter Group has announced the appointment of Hampus Eriksson as Deputy CEO of the operator of multi-brand igaming brands. As announced to media “the internal promotion will see Eriksson continue in his existing position as Chief Product Officer (CPO) of PressEnter”, where Eriksson has led a 2-year project “rebuilding the company’s product capabilities and processes from the ground up.” Key …

As the sports betting sector kicks into gear for the New Year, IGT’s Joe Asher shares some of his predictions for the next 12 months. He anticipates a greater focus on acquiring more customers in existing locations and the continued market dominance of FanDuel and DraftKings. Few sectors would benefit more from a crystal ball than the sports betting industry. …

Bet365 has declared an underlying loss of £60m for the financial year of 2022/2023, attributed to expanding its technology resources and growing its corporate headcount to over 7,600 global staff. The loss was detailed in the private company’s 2022/2023 accounts, which were published on Companies House, spanning a 52-week period up to 26 March 2023. Despite the loss, Bet365 reported …

Entain Plc has communicated that it has exited 140 markets to comply with its new corporate responsibilities and duties to investors.  As reported this weekend by the Financial Times, Entain published an internal document stating its exit from markets with no regulatory regimes such as Antarctica and Vatican City.  The FTSE100 company is expected to initiate more withdrawals from other …