Mandalorian Technologies and Betway have become the two latest gaming companies to be reprimanded by the Swedish regulator, Spelinspektionen, after the two were found to have violated bonus offer rules in place. The two have both received a warning and issued with penalty fees of SEK9m (£730k) and SEK5m (£406k) respectively. Current Swedish regulations state that licence holders are only …
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FTSE100 gambling group GVC Holdings Plc will today host its Capital Markets Day, with corporate leadership outlining the firm’s ‘foundations for long-term market outperformance’. Presenting the firm’s strategic objectives and future prospects, GVC governance details progress on the firm’s enlarged agenda, a year following its transformative acquisition of Ladbrokes Coral. Citing an ‘accelerated migration’ of Ladbrokes Coral online brands onto …
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The Stars Group Inc has confirmed that Richard Flint has chosen to end his tenure as Executive Chairman of Sky Betting & Gaming (Sky Bet). Flint departs Sky Bet following 17-years with the company, serving from 2001-to-2018 in the capacities of Managing Director and Chief Executive. Regarded as one of global betting’s leading figureheads, Flint is credited for turning Sky …
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Publishing its Q1 2019 trading statement (period ending 31 March), Toronto TSX-listed The Stars Group Inc details strong progress on its global objectives as an enlarged enterprise. Absorbing the assets of Sky Bet UK and BetEasy Australia, the Stars Group records Q1 2019 corporate revenues of $580 million (Q12018: $392m). “During the quarter, we delivered on key components of our …
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Argentine news reports of a ‘diverse cast’ of national and international operators vying to secure one of seven Buenos Aires province online gambling licenses. On Monday, the Buenos Aires executive closed its ‘window of submissions’ for operators seeking to join BA’s regulated online gambling marketplace. Argentina’s first legislative code for online gambling was approved last April, as BA districts sanctioned the …
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The FA is investigating Everton defender Yerry Mina for taking part in a video in his home country of Colombia to promote Betjuego. As reported by Sky Sports, it appears that Mina – who joined Everton from Barcelona in the summer of 2018 – may have breached the FA’s rule E8(3). The rule states: “An individual Participant (player, coach, agent etc) …
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Issuing a market filing, FTSE100 betting group Paddy Power Betfair (PPB) has confirmed it has added an additional £250 million to its corporate loan facility. Updating investors, PPB governance details that it has expanded its corporate loan facility to gain ‘further strategic financial flexibility’. The firm’s latest transaction will be added to PPB’s existing £450 million five-year revolving credit facility, …
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The Stoiximan Group has cemented its position in the Portuguese market via its Betano brand, which offers a sportsbook with live betting and streaming features, alongside a casino portfolio. Betano already has a presence across the German, Austrian and Romanian markets while the group currently operates in Cyprus and Greece under its Stoiximan brand. Betano’s country manager in Portugal, Ricardo Branquinho, commented on …
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Swedish gambling regulator, Spelinspektionen, has called for a new partner to help deliver a number of verification services on operators applying for licences across the newly regulated market. The new partner is hoped to collect information on a potential applicant’s business structure, company information and ownership structure, which will also cover company governance, as well as the applicant’s physical addresses. …
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Independent gambling harm and minimisation consultancy EPIC Risk Management has teamed up with Whysup to support the ongoing efforts of the UK Gambling Commission’s (UKGC) ‘National Strategy’ on gambling harm reductions. Updating the media, EPIC and Whysup have formed a shared collaborative approach to combat and reduce gambling-related harms at a national level, helping regulatory stakeholders. The strategic partnership is formed, …
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