Sportsbook

The operating licence of Goldchip Limited has been suspended by the UK Gambling Commission (UKGC), as a review under section 116 of the Gambling Act 2005 is carried out. The announcement follows reports that activities may have been carried out contrary to the Act, not in accordance with conditions of its licence and that the firm may be ‘unsuitable to …

BtoBet has strengthened its position in the African betting and gaming market, signing a supply agreement with Ngnatat Sarl Trading. The Aspire Global sports betting brand secured the deal with the African gaming group via the latter’s partner STM Gaming, delivering online and retail solutions to Ngnatat’s Bet237 operator. Provided services include both sportsbook and casino solutions, supporting Bet237’s commercial …

Brazilian football clubs Palmeiras, Corinthians and America have each formed partnerships with sportsbooks Betfair, Galera.bet and EstrelaBet, respectively. Palmeiras’ two-year sponsorship agreement with Betfair will provide exposure for the online gambling company in the Verdão women’s soccer team uniform as well as in all official digital content. Similarly, Corinthians’ partnership with Galera.bet names the company as the official sponsor of …

Société des Bains de Mer et du Cercle des Étrangers à Monaco (SBM Monaco) – the sovereign investment trust of the Principality of Monaco, has agreed to sell its 47% shareholding in Betclic Everest to FL Entertainment.  The equity sale was notified to the Luxembourg Bourse securities exchange, in which the Monaco fund disclosed that it had agreed €850m for …

William Hill has secured market access into Latvia for its flagship sportsbook and casino brand, enabled by an existing holding in the country.  The UK bookmaker plans to build on its pre-existing momentum with 11.lv – which it states has become a ‘top three player’ in Latvia’s online betting and gaming market – as well as its financial support for …

Flutter Entertainment executive Joe Lee has announced that he has ended his “12-year innings” as an employee of the FTSE100 betting group.  Lee announced via LinkedIn that he had chosen to step down from his current role as Head of Paddy Power’s UK-&-Ireland unit, a position he had held since 2018, to take on new opportunities.  During his 12-year tenure …

888 Holdings has moved a step closer to finalising its acquisition of William Hill’s UK and European assets, as the company’s shareholders approved the merger by a vast majority.  Following the conclusion of its Extraordinary General Meeting, 888 revealed that 99.73% of shareholder votes cast were in favour of the takeover, representing 306,997,411. In contrast, 819,264 (0.27%) voted against, with …

The SOFTSWISS Anti-Fraud team helped its clients to save €2.8m in Q1 2022, according to new results published by its Managed Services division.  For the first three months of the current year, the service focused on investigating suspicious activity in online casinos. It reported that it has resolved more than 75 “major complaints” during this period.  Anastasia Vyshinskaya, Anti-Fraud Team …

Altenar has secured an ISO IEC 27001 certification, as it prepares to move forward with its expansion plans later this year. The firm’s internal processes were subjected to a test against ‘strict assessment criteria’, requiring compliance with 114 controls and seven clauses over a nine-month period.  Altenar also undertook a series of internal audits prior to the certification process, which …

Flutter Entertainment has named Deloitte as the auditor for its Paddy Power and Betfair sportsbook brands, according to a report from The Times. Deloitte replaces KPMG – one of its rivals in the ‘Big Four’ auditing firms alongside PwC and EY– as Flutter’s auditor partner, ending a 20 year business relationship. By entering into the agreement with Flutter, Deloitte has …