Sportsbook

The latest sportsbook news for the gambling industry, sponsored by Betting on Sports Europe

Betano secures naming rights to ‘dynamic’ Romanian Cup

Betano – the sports betting and online gaming operator of Kaizen Gaming – has formed a partnership with the Romanian Football Federation. The deal sees the firm become the Cup’s naming partner for the next three seasons, which is to now be called The Cupa Romaniei Betano.  “Our partnership with this historic football association marks a milestone for Kaizen Gaming …

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EEG fights liquidity concerns following $38m esports impairment charge 

Esports Entertainment Group (EEG) has announced that it will revise its operating portfolio in order to improve its current liquidity position.  Publishing its Q3 2022 financial results, the Nasdaq-listed operator outlined that despite recording a two-fold increase in corporate revenues to $15.7m (Q3_2021: $5.3m), it faced a series of ‘near term challenges’ impacting its bottom-line performance. “Our fiscal third quarter …

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bet365 reprimanded by Danish regulator for due diligence violations

The Danish Gambling Authority (DGA), the Spillemyndigheden, has reprimanded bet365 for a compliance failure relating to two licensing conditions.  Referring to the sports betting and igaming brand by the name of its business entity Hillside (New Media) Ltd, the Danish regulator stated that bet365 had allowed a ‘young player’ to deposit DKK 190,000 (€25,500) to his account in under a …

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Cloudbet anticipates crypto-betting bounceback at Champions League final

Despite the recent turbulence in global  cryptocurrency markets, Cloudbet remains optimistic about crypto-betting volume at the UEFA Champions League final this Saturday. Dubbed the ‘crypto crash’, two weeks ago the cryptocurrency market fell in value by over $100 billion in a matter of minutes, following a Bitcoin price warning. The crash has seen some of the most recognisable digital coins, …

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bet-at-home projects improved full year performance despite 50% Q1 revenue decline

bet-at-home has encountered difficulties during the first quarter of the year, as its total group revenue declines by over 50% to €14 million.  However, the Dusseldorf-based betting and gaming operator maintains that this figure – dispute representing a 54% decline on Q1 2021 revenues of €30 million – is still indicative of a strong start to the year. Recorded EBITDA, …

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Premier League clubs to be instructed to ‘voluntarily end’ betting shirt sponsorships

The conclusion of the English football season has seen speculation mount as to how the UK government will proceed to reform football’s relationship with gambling.  This weekend, BBC Sport reported that the government was in discussions with the Premier League to initiate an early end to clubs’ gambling/betting sponsorships.  The ongoing delay of the White Paper on gambling reforms has …

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ITIA suspends two players following alleged anti-corruption breaches

The International Tennis Integrity Agency (ITIA) has confirmed that Mick Lescure and Jules Okala have been provisionally suspended from the sport. Suspended by independent Anti-Corruption Hearing Officer, Charles Hollander QC, the two French players are pending the full consideration of allegations against them of breaches of the Tennis Anti-Corruption Program. The provisional action was granted under section F.3 of the …

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EGBA: Ireland should look to EU members as regulatory role models

Irish legislators overseeing the creation of the country’s gambling regulator have made several recommendations, a step welcomed by the European Gaming and Betting Association (EGBA).  Publishing its pre-legislative scrutiny of the Gambling Regulation Bill earlier this week, the Joint Committee on Justice recommended a pre-watershed ban on gambling advertising. Further advice on advertising included a proposed evaluation of how to …

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