Sportsbook

The latest sportsbook news for the gambling industry, sponsored by Metric Gaming

 

International expansion assists Entain with COVID-19 comeback

Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has swung back into the black with the group’s expansion into regulated markets along with its pivot towards online betting offsetting the impact that COVID-19 has had retail operations. Publishing its full-year results for the period January – December 2020, Entain declared revenues of £3.56 billion, a ‘flat’ change from the £3.57 billion recorded in 2019. Underlying EBITDA …

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KSA publishes licensing trademark for Dutch online gambling 

Kansspelautoriteit (KSA), the Netherlands gambling regulatory authority, has revealed its ‘licensed trademark’ that operators must display across their digital portfolios as a duty of the ‘Remote Gambling Act’ (KOA Act).  At present, KSA maintains its rescheduled timetable for the implementation of the KOA Act regime, with the regulatory agency launching Dutch online gambling’s licensing window on 1 April. Approved KOA …

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Playtech appoints Brian Mattingley as inbound chairman

Playtech Plc has announced Brian Mattingley as its new company chairman, bringing its near two year search for a successor to Alan Jackson to a close.  Mattingley, who is in the final days of his 15 year tenure as Executive Chairman of 888 Holdings, has agreed to join FTSE250 Playtech. Mattingley is due to leave 888 this May, having announced …

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Kambi strengthens Belgian market position via Napoleon extension

Kambi Group has enhanced its position in the Belgian gambling and sports betting market via a multi-year extension of its partnership with Napoleon Sports & Casino. As a result of the extension, the sportsbook services developer will provide Napoleon with support such as instant betting offers, bonus tool box capabilities and differentiation levers across player-facing elements including front-end and odds. …

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Flutter bulks up for global dominance as TSG merger objectives are achieved

Flutter Entertainment Plc has exceeded 2020 corporate objectives by demonstrating its ‘unparalleled scale and diversification’ after completing the first year of its transformative merger with The Stars Group Inc (TSG). Publishing its 2020 preliminary results, the FTSE100 group doubled its corporate revenues to £4.4 billion (FY2019: £2.1bn) which Flutter stated is a reflection of its successful incorporation of TSG assets …

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Betfair severs ties with Gordon Elliott due to controversial photo

Online gambling operator Betfair has severed its connections with Gordon Elliott, after an image of the renowned Irish racing trainer sitting on a dead horse circulated on Twitter. The picture of the trainer sat on the horse, which allegedly died of a heart attack, is reported to be some years old, and first surfaced on social media on Saturday. Despite …

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UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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SoftSwiss establishes African footprint with Nigerian licence

SoftSwiss establishes African footprint with Nigerian licence

SoftSwiss has celebrated its first entry into the African sports betting market after receiving a licence to supply its gaming and sportsbook solutions across Nigeria. The Nigerian licence, says SoftSwiss, is a ‘great milestone’ for the company as it continues to expand into new regulated markets across the world.  “Entering the Nigerian market marks an exceptional turning point for SoftSwiss, …

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Entain confident of Enlabs takeover with new €365m cash offer

Entain Plc has revised its takeover bid for Enlabs AB by increasing its offer price from SEK 40 to SEK 53 per share.  The revised offer sees Entain propose a new €365 million deal valuation to Enlabs shareholders, with the FTSE100 firm underlining that its revised bid ‘is final and will not be increased’. Though approved by company chairman Niklas …

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Flutter makes £4.8m Cash4Clubs donation to aid community sports comeback

Flutter Entertainment has this morning launched its new ‘Cash4Clubs’ campaign, donating £4.8 million to grassroots sports organisations across the UK struggling to survive the impact of the COVID-19 pandemic. The FTSE100 betting group has partnered with ‘Made by Sport’, a charity that champions local sports development as a vital community factor improving social mobility, circumstances and people’s lives. Flutter has …

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