Sportsbook

OPAP increases stake in Stoiximan assets

Expanding its digital presence, Athens-listed gambling group OPAP has confirmed that it has agreed to acquire a further 51% stake in Stoiximan Group for €95 million. Issuing a market filing, OPAP confirms that it will undertake the transaction through its ‘OPAP investments’ subsidiary which will acquire the Stoiximan equity from operating company GML Interactive. Gaining the majority shareholding in Stoiximan …

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Industry VC Optimizer Invest splits AM & consultancy functions

Malta-based industry venture capital firm Optimizer Invest has moved to restructure and realign its operations, separating its asset management and consultancy divisions. In connection with the separation, Optimizer Invest informs that its corporate shares in Stockholm-listed Catena Media and Gaming Innovation Group (GiG) will be redistributed to senior partners – Henrik Persson Ekdahl, Andre Lavold and Mikael Riese Harstad.  The …

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William Hill secures all regulatory greenlights for MRG €270m acquisition

The governance of FTSE250 bookmaker William Hill Plc has this morning confirmed that it has secured approval of ‘all necessary authorities across related jurisdictions’, to complete its €270million acquisition of Stockholm-listed MRG Group. The transaction which has been approved by MRG governance was first propositioned on 31 October 2018, with William Hill seeking to boost its European regulated markets profile, …

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Bet.Works strengthens integrity commitment with GLI certificates

Bet.Works has confirmed that it has been granted one of the first concurrent Gaming Laboratories International GLI-33 / GLI-19 certifications for sportsbook operations. In gaining this certificate, the US-based igaming and sportsbook platform supplier has successfully completed pre-compliance testing of its sportsbook platform against the “GLI-33: Event Wagering Systems” standard. Bet.Works Founder and CEO David Wang commented: “We are pleased …

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‘True in-play personalisation’ – Graphyte AI founders seek to crack betting’s toughest nut

New industry data science and engineering development studio ‘Graphyte AI’ seeks to solve online betting’s ‘in-play customer personalisation conundrum’,  a key dynamic for sector leaders in 2019. Graphyte AI is founded by the enterprise team of former Ladbrokes Coral sports data and customer insights directors’ Damien Evans (CEO) and Rob Davis (CTO), delivering relevant personalised experiences administered within betting’s live environment, optimising end-to-end …

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MGA implements first phase of its Sandbox Framework

The Maltese Gaming Authority (MGA) has launched the first of its two-phase Sandbox Framework for the acceptance of Virtual Financial Assets (VFA) and the use of Distributed Ledger Technology (DLT) within the gaming industry. During the initial phase, the MGA will accept applications for the use of DLT Assets, directly or via third party service providers, by its respective licensees. …

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MGM Resorts vows to cut costs as part of MGM20 initiative

MGM Resorts International has vowed to cut costs, improve efficiencies and prepare for a period of growth as announced in its new company-wide ‘MGM 20′ initiative.  The company is striving to grow from its previous profit growth initiatives implemented in 2015, and expects to deliver annualised Adjusted EBITDA uplift of $300m (£238m) in aggregate, consisting of $200m (£159m) by the end of 2020 …

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Founder Craig Nicholson departs Black Type

BetBright - Copyright: gabe123 / 123RF Stock Photo

The end of the 2018 has seen a change in the senior management team at online operator Black Type with the departure of the remaining Co-Founder and Chief Operating Officer, Craig Nicholson. The company, launched in 2016 by founders Nicholson and Dave Gowers in conjunction with Mylo Sangster, has seen have recently moved into new offices in Fenchurch Street in the …

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Dr. Laila Mintas to chair Advisory Board for Bet.Works

Mintas

The former Deputy President for Sportradar US, Dr. Laila Mintas, has been appointed as Chairwoman of the Advisory Board for Bet.Works. Dr. Mintas, who left her role at Sportradar in December 2018, believes that the sports betting platform provided by Bet.Works, a US-based iGaming and sportsbook technology platform supplier, will “fill a major void” that exists in today’s marketplace. Recognised …

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SBTech targets increased US presence through Isaacs addition

Isaacs

Gavin Isaacs will use his “extensive network, knowledge and experience” of the US market to drive an increased presence for SBTech across the pond. The former Scientific Games CEO has become the new Non-Executive Chairman for SBTech, a sports betting and gaming technology supplier who reacted to last year’s PASPA repeal by striking several partnership agreements with leading casinos in …

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