Retail

XIN Gaming acquires Tain and Betting Promotion

SBC News XIN Gaming acquires Tain and Betting Promotion

Games and systems developer in the Asian gaming sector, XIN Gaming, has made two acquisitions this week. These are in the form of Tain, the software and solutions provider, and Betting Promotion, the sportsbook supplier. The two Swedish companies merged in 2013 and will now be owned by XIN Gaming, which is already established as a leading content and platform supplier. Mathias Larsson, …

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Order! Order! Ladbrokes sponsors Political Animals rugby league side

SBC News Order! Order! Ladbrokes sponsors Political Animals rugby league side

Ladbrokes marketing has confirmed that it will sponsor amateur rugby league club ‘The Political Animals’. The rugby league side which comprises of politicians from all levels and all major political parties with Peers, MPs and Councillors amongst its team members. The sponsorship will see the Ladbrokes brand featured on The Political Animals jersey for its upcoming charitable fixtures. Ladbrokes has …

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Svenska Spel maintains financial performance despite tough market conditions

SBC News Svenska Spel maintains financial performance despite tough market conditions

The governance of Swedish state-owned gambling operator Svenska Spel has stated that it is pleased with 2016 corporate performance thus far, as the company maintained its financial performance despite facing ‘tough market competition’. Presenting its H1 2016 results (period ending 30 June), Svenska Spel would reveal net gaming revenues of SEK 4.4 billion (£385 million), in-line with 2015 performance. The …

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Estoril Sol gets online with Gaming1 joint venture

SBC News Estoril Sol gets online with Gaming1 joint venture

Full-service online gambling platform provider Gaming1 has confirmed that it has entered a joint 50/50 venture with Portuguese gambling operator Estoril Sol (part of Stanley Ho Group). The joint venture will see the launch of new licensed online casino EstorilSolCasinos.pt which will feature Gaming1 gaming content inventory for video slots, roulette and blackjack. Gaming1 governance confirmed that its development team would …

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PMU secures SMS text betting via Onionsack partnership

SBC News PMU secures SMS text betting via Onionsack partnership

French state-owned betting operator Paris Mutuel Urbain (PMU) has confirmed an exclusive three-year partnership valued at €2 million with Irish SMS text betting services provider Onionsack (onionsack.eu). The partnership will see PMU become the first French operator to integrate a live betting functions via text/SMS messages. Waterford-based Onionsack has created a mobile platform which can interpret written bets placed by …

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Ladbrokes Coral merger to be completed in autumn after CMA ruling

SBC News Ladbrokes Coral merger to be completed in autumn after CMA ruling

The merger between Ladbrokes and Coral is set to complete this autumn after the Competition and Markets Authority (CMA) confirmed that the two firms must divest between 350 to 400 shops. In its final judgement, the CMA said: “Having considered responses to its provisional findings published in May and further analysed the evidence, the group of independent panel members investigating the …

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William Hill governance questions ‘superior value’ of a Rank & 888 consortium bid

SBC News William Hill governance questions 'superior value' of a Rank & 888 consortium bid

Updating the market this morning, William Hill governance has stated that it will ‘listen to and consider’ any formal takeover offer put forward by the Rank Group and 888 Holdings consortium. At present, William Hill governance has confirmed that it has received ‘a highly preliminary approach from 888 and Rank’, regarding a potential three-way merger. The operator has further informed …

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Rank & 888 merger targets £3 billion William Hill takeover

SBC News Rank & 888 merger targets £3 billion William Hill takeover

The Sunday Times has reported that the governances of Rank Group and 888 Holdings have entered ‘relatively advanced’ negotiations to form a £2 billion merger. Rank and 888 governances are expected to issue market updates on Monday outlining merger discussions, as the UK gambling industry sees further consolidation. As yet, little is known of how the merger transaction will be …

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CG Technology facing $1.5m fine and removal of CEO

SBC News CG Technology facing $1.5m fine and removal of CEO

CG Technology has agreed to pay a $1.5 million fine in relation to charges of underpaying and overpaying certain bettors on the sportsbook. This comes just two months after the Nevada Gaming Control Board alleged that CG Technology had underpaid winning parlays by about $700,000 on more than 20,000 occasions from August 2011 to March 2015. The complaint also accused the …

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Perform secures J-League streaming rights via DAZN platform

SBC News Perform secures J-League streaming rights via DAZN platform

Sports media and digital content publisher Perform Group has signed an exclusive 10-year digital streaming contract with the J-League, Japan’s highest professional football body. Perform’s live content streaming deal is reported to be worth ¥210 billion (£1.5 billion) The content partnership will see J-League J1, J2 J3 division matches broadcast live via Perform owned streaming platform DAZN (www.DAZN.com). The J-League is …

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