Sportsbook

“The third quarter of 2020 has delivered a significant step forward for GiG as a B2B focused organisation,” wrote CEO Richard Brown, as the company’s quarterly revenues reached €17.9m with EBITDA of €3.2m. Adjusted revenues were recorded at €14.2m – an increase of 42% from €10.0m year-on-year, while EBITDA was up by €3.6m. This growth, said Brown, was complemented with …

Spanish online gambling trade association Jdigital has issued its response to Spain’s Council of Ministers approving the federal passage of the ‘Royal Decree on Advertising’ to usher in Europe’s most stringent code on gambling advertising. At the forefront of Jdigital’s concerns, the trade body stated that it is now ‘more than probable that Spain will see an increase in illegal …

Sydney-based sportsbook and fantasy sports operator PlayUp has secured $25 million through the completion of an oversubscribed capital placement.  PlayUp said that it has secured the $25 million funding on terms related to a ‘non-renounceable entitlement offer’ underwritten by Investorlink Securities AFS, which the company will use to launch its US wagering proposition. Targeting expansion within the $17 billion US …

This morning’s sitting of Spain’s Council of Ministers has approved the formal passing of the ‘Royal Decree on Advertising’ ushering in a new era for Spanish gambling.  Enforced as a federal law, Spain’s autonomous communities will apply a ‘night time window of 1-5 am’ in which gambling advertising (excluding ONCE and SELAE lotteries) will be allowed to be broadcast across …

Kindred Group Plc has moved to consolidate its Italian market presence under its flagship Unibet sportsbook brand. The decision sees the Stockholm-listed operator retire its 32Red (32Red.it) subsidiary from the Italian market. 32Red had maintained an Italian sportsbook presence since 2012, prior to the firm’s £175 takeover by Kindred Plc in 2017, a strategic acquisition primarily undertaken to significantly boost …

The government of Ontario, Canada’s most populous province, is set to move ahead and establish the foundations for a liberalised igaming market – a move that will likely have significant consequences for how Canada chooses to regulated sports betting. Publishing its provincial budget, Ontario’s legislative assembly will reveal its conditions for launching a regulated igaming marketplace – a subject that …

SportPesa’s return to its home market of Kenya has been impeded following a licence suspension authorised by Kenya’s Betting Control & Licensing Board (BCLB).  Following a year-long hiatus from Kenya’s sports betting market, SportPesa intended to relaunch its betting services this weekend under a licence held by new operating firm ‘Milestone Bet’. Prior to its planned re-launch, SportPesa CEO Ronald …

UK sports have avoided a hammer blow as the government confirms that ‘elite sports can continue behind closed doors’ during the looming month of lockdown restrictions sanctioned across England. However, despite relief at avoiding a blanket cancellation of sports calendar, UK bodies remain sceptical as to how the government will ensure COVID-19 safeguards and further financial support for impacted wider …

Following on from its partnership with city rival AC Milan, Betsson AB has confirmed that its flagship Italian igaming property StarCasino will serve as ‘principal Infotainment partner’ of Inter Milan FC.  Abiding by Italy’s ‘Decree Laws’ prohibiting all forms of gambling advertising, Betsson AB will develop exclusive digital content for Inter fans published on its new media platform Starcasino.sport.  Launched …