Sportsbook

The latest sportsbook news for the gambling industry.

IBAS supports mechanism for punters to query betting data disputes

SBC News IBAS supports mechanism for punters to query betting data disputes

IBAS, the Independent Betting Adjudication Service, has clarified its position on matters related to settling disputed bets between bookmakers and customers. Recognised as the UK’s most referred-to Alternative Dispute Resolution (ADR) service, IBAS issued its response related to this weekend’s BBC article referencing its ADR service used by customers to challenge the outcome of disputed bets. The BBC highlighted concerns …

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Entain lowers payment margins on $ and € debt tranches

SBC News Entain lowers payment margins on $ and € debt tranches

The board of Entain Plc has informed the markets that it has secured new terms on the corporate debt arrangement of the FTSE 100 gambling group. Updating investors, Entain announced the successful repricing of two of its existing ‘Term B‘ loans, which hold approximately $3bn of corporate net debt. Entain’s bondholders have further agreed to authorise the pricing and allocation …

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Betfair expects Sunak’s imminent call on General Election date

SBC News Betfair expects Sunak's imminent call on General Election date

Betfair has alerted the media to its belief that PM Rishi Sunak may imminently declare the UK’s next General Election. Over the weekend, Sunak combatted rumours of a ‘Tory rebels’ plan dubbed ‘100 days to save Britain,’ which suggests he could be ousted if the Conservative Party faces significant losses in the upcoming local elections on 2 May. Currently, Sunak …

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Talks to stop Brasileiro Serie A intensify as match-fixing allegations emerge 

SBC News Talks to stop Brasileiro Serie A intensify as match-fixing allegations emerge 

Brazil’s top football competition, the Campeonato Brasileiro Série A, could grind to a halt after calls were made to stop it by the country’s highest tribune of sports integrity.  Jorge Kajuru, President of the Parliamentary Commission of Inquiry on Match and Sports Betting (CPI), issued a statement recommending that the football championship be put on hold in connection with reports …

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UKGC to probe bet settlements…but where is the Ombudsman?

SBC News UKGC to probe bet settlements…but where is the Ombudsman?

The UK Gambling Commission (UKGC) will probe how football betting markets are settled, following concerns over wrong results being determined by bookmakers. The Commission confirmed to the BBC that it would “meet figures in the football betting industry over claims that wrong results are being recorded”. The probe follows consumer disputes concerning the use of inaccurate data used to settle …

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IBIA registers Q1 increase in suspicious bets across football and tennis

SBC News IBIA registers Q1 increase in suspicious bets across football and tennis

The latest report from the International Betting Integrity Association (IBIA) has revealed that football and tennis remain at high risk from suspicious betting.  Data for Q1 2024 showed that out of 56 total alerts, 24 and 18 were from football and tennis events respectively, accounting for 43% and 25%.  Alerts increased overall during the quarter, up 65% on Q4 2023 …

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Betsson nets peak Q1 income as leadership targets ‘golden summer’  

Betsson AB CEO Pontus Lindwall

Betsson AB opens 2024 trading by achieving its ‘highest income generating quarter’, ahead of a busy summer of sports for its global brand portfolio across all geographies.  The Stockholm-listed online gambling group trades with confidence as Q1 revenues stand at a peak €248m – up 12% on 2023 comparatives of €221m.  Headline revenues reflect a record customer activity of its …

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Sportradar tasks Craig Felenstein with leading financial strategy

Mike Goode, kwiff CFO: An adaptable approach to meeting strategic challenges

Craig Felenstein has been confirmed as the latest addition to Sportradar’s C-level leadership team, taking on the role of Chief Financial Officer (CFO). Due to commence his tenure on 1 June, Felenstein will take the leadership role across Sportradar’s global finance, accounting and investor relations teams. He will be charged with leveraging his 30-year experience in finance, including tenures at …

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Lottomatica completes €640m buyout of SKS365

SKS365, Sportradar, Planetwin365

Lottomatica SPA has completed its €640m acquisition of SKS365 to become Italy’s largest omnichannel gambling group. Initiated in November 2023, Lottomatica agreed to terms with Malta365 Holdings to acquire all Italian properties and assets of SKS365. Striking a €640m deal, Lottomatica will take ownership of SKS365’s 1,000 betting shops and points operating across Italian provinces. Boosting its retail presence, Lottomatica …

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Nils Andén: KOA uncertainties will not derail FDJ deal…

SBC News Nils Andén: KOA uncertainties will not derail FDJ deal…

Kindred Group CEO Nils Andén has played down the risk of online slots being banned in the Netherlands or that Dutch market KOA uncertainties will derail the €2.6bn bid from Français des Jeux (FDJ) as recommended to investors. Speaking during the group’s Q1 call with analysts this morning, Andén said the recent proposal to ban online slots was just “a motion, so ultimately …

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