Sportsbook

The Swedish Gambling Inspectorate, Spelinspektionen, has updated its response to the Swedish government’s consultation for amendments to the 2018 Gambling Act as part of the Gambling Market Inquiry. In its response, the Inspectorate has detailed that it is ‘generally positive’ about the Finance Ministry’s proposal to introduce a special moderation clause with regards to marketing games to consumers.  The proposed …

Major shareholders at Betsson AB have stated that ‘they no longer have full confidence’ in Patrick Svensk, prompting the Chairman to resign from his position on the company’s Board. Svensk informed the company’s Nomination Committee that he would resign from the position he has held since 2017 with immediate effect, whilst the firm has disclosed that Board member Johan Lundberg …

XLMedia (XLM) has detailed confidence in its 2021 growth strategy, as the firm reports a ‘solid performance’ across all verticals, and looks to further enhance its profile via its acquisition of BlueClawMedia to provide a base for EU expansion. Publishing its H1 training results, the company reported revenues of $32.2 million (H1 2020: $27.7 million), with a gross profit of …

The UK government has revealed the findings and conclusions of its investigation into the collapse of player exchange platform Football Index, making recommendations to the UK Gambling Commission (UKGC). First launched in April following the decline of Football Index after a number of users abandoned the site, leading to BetIndex entering administration, the Independent Review was led by Malcolm Sheehan …

The latest development in Boris Johnson’s cabinet reshuffle has seen Chris Philp named the new Gambling Minister, replacing John Whittingdale. Although the new appointee’s responsibilities have not yet been disclosed, it has been confirmed that he will oversee the continuation of the review of the 2005 Gambling Act following Whitingdale’s dismissal last week. Philp’s first act as Gambling Minister was …

In response to an investigation into the collapse of BetIndex, the UK Gambling Commission (UKGC) has announced that it will make changes to its regulatory oversight of digital gambling products. The Independent Review highlighted a number of areas for improvement from both the UKGC and the Financial Conduct Authority (FCA). In response to the review’s recommendations, the UKGC has introduced …

The Norwegian Government has progressed with its plans to block overseas betting and gaming operators, according to local outlet Norway Today. Norway’s Minister of Culture and Equality, Abid Raja, is reportedly targeting a number of overseas  firms, including Betsson and Unibet, arguing that the online activities of these companies should be prohibited.  “These companies do what they can to circumvent …

Flutter Entertainment has paid $300 million to the Commonwealth of Kentucky to fully settle its legal dispute with the state concerning The Stars Group.  The Dublin-based gambling group has paid $200 million to the state, on top of a $100 million previously handed over to the state relating to a superseded bond in the case. A statement from Flutter read: …

The board of Entain Plc has published a further media statement outlining the financial terms of DraftKings approach to acquire its business. The statement confirmed a first offer made by DraftKings at £25 per share, comprised of a combination of group shares and cash – valuing the business at $20 billion (£14.6 bn) Entain governance rejected DraftKings initial terms that …

Entain has confirmed media reports that prominent US sports wagering and fantasy sports operator DraftKings is interested in acquiring the company. A statement from the company’s board earlier today confirmed that a DraftKings proposal to acquire the FTSE100 firm had been received, and that such a takeover would include a combination of the former’s stock and cash.  However, the group …