Sportsbook

Further to publishing its Q3 2018 trading update, the governance of FTSE100 GVC Holdings has today confirmed the upcoming departure of Paul Bowtell as Group Chief Financial Officer (CFO).   Updating the market, GVC confirms that Bowtell will depart the company’s executive leadership team on 5 March 2019, further disclosing that Bowtell will join London private equity firm Alchemy Partners. …

The NBA season got underway this week, as the much fancied Boston Celtics picked up an entertaining 105-87 victory against the 76ers. With the liberalisation of sports betting in the US, this NBA season will inevitably attract exponential interest from the betting sector. Additionally, Oddschecker revealed that the UK gambling sector has seen interest in the NBA increase, after Sky …

Mikel López de Torre, President of Spanish online gambling trade body jDigital, has warned the government that implementing stringent restrictions on gambling/betting advertising and marketing will be an ‘unnecessary step back for Spain’s gambling market’. Last week, the PSOE minority government agreed with socialist party counterpart Podemos on the provisions of Spain’s 2019 budget, which is set to carry a number …

BETDAQ has revealed a 138% leap in football trading on its exchange after year-on-year figures for September showed matched bets had grown from £26m to £62m. This came after a strong August performance football turnover, with the £42m staked in 2018, a 100% increase from the £21m staked in the same month in 2017. A significant uplift in active users …

Stockholm-listed sports betting platform and software provider Kambi Group Plc views the start of the new NBA season as yet another early pacesetter for the liberalised US betting market. The technology group has revamped its entire NBA markets inventory, seeking to bring new betting dynamics to the unique sport of basketball. Kambi states that it has developed the sector’s most comprehensive …

The Italian Agency of Customs and Monopolies (ADM) has shut down approximately 7,000 online gambling websites deemed to be in breach of national gambling laws. The ADM figures were presented through an official economic & financial report presented by the Italian government as part of it September 2018 update. The report details that over 10 million attempts to engage with …

Stockholm-listed LeoVegas AB confirms that it has undertaken a restructuring of its marketing division, seeking to strengthen its internal operations and leadership. Following July’s promotion of Louise Nylén, to the position of Deputy CEO, LeoVegas governance has moved to split the executive’s former Chief Marketing Officer (CMO) responsibilities. Updating stakeholders, LeoVegas has placed Petra Blixt as one of two Marketing …

FTSE100 betting group Paddy Power Betfair Plc (PPB) has announced the launch of its Cluj Romania ‘Alpha Hub’ accelerator program, focusing on enhancing the industry’s responsible gambling and sustainability dynamics. The accelerator programme sees PPB partner with Romanian technology enterprise groups’ Techsylvania and Risky Business Romania to open its initiative to the top development and engineering talent. For a number of …

Spanish news sources report that the upcoming 2019 budget will likely carry severe advertising restrictions for licensed gambling/betting incumbents, as the PSOE minority government seeks to revamp Spain’s advertising code. Last week, Prime Minister Pedro Sanchez (PSOE – Socialist Workers Party) struck a budget proposal deal with socialist Podemos party leader Pablo Iglesias. Branded as Spain’s ‘socially progressive budget’, PSOE …