Sportsbook

12BET scores Swansea City betting partnership

Having gained its  UK Gambling Commission (UKGC) operator license, Isle of Man and Philippines-based online sportsbook 12BET  has confirmed it has become the Official Betting Partner to Swansea City AFC for the 2016/2017  English Premier League season. The deal will see 12BET promoted throughout the Swansea City Liberty Stadium and the football clubs digital inventory. 12BET, have previously utilised football shirt sponsorship to …

Read More »

Betfair CFO Alex Gersh details corporate turnaround to Financial Director

Ahead of the release of Betfair’s Full Year 2015 financial performance results this Wednesday, Betfair CFO Alex Gersh gave in-depth insight to financial auditing business publication Financial Director on the operator’s turnaround since its 2012 corporate restructure. Gersh detailed to Financial Director how Betfair’s newly established executive team under CEO Breon Corcoran had transformed Betfair from its post 2011 IPO …

Read More »

bettingexpert – Wolfsburg beats Manchester United as tipsters’ most exciting team

Games featuring German Cup winners Wolfsburg were predicted to be the most exciting matches last season, according to some of Europe’s best tipsters. Using data extracted from the vast bettingexpert.com tipping network, Wolfsburg’s matches were predicted to contain over 2.5 goals in almost 95 per cent of the tips, with only 5.66% of tips predicting fewer than 2.5 goals. The …

Read More »

Smarkets appoints first marketing chief

European betting exchange Smarkets has appointed Alexander Wheldon as the company’s first Chief Marketing Officer (CMO). The new role was created to expand on Smarkets’s growth over the past year and support development of its primary UK customer base and help the business enter new markets. Smarkets has grown considerably over the past year, showing 400% YOY growth. With pre-tax …

Read More »

DraftDay daily fantasy sports to be operated by Sportech Digital

Technology investment fund MGT Capital Investments (MGT) has confirmed the sale of daily fantasy sports operator DraftDay to newly formed business Random Outcome USA for a deal value of approximately $7 million. DraftDay, who are currently the third biggest US daily fantasy sports operator will be sold to its new venture owners, for $4 million cash and a further $3 …

Read More »

INTERPOL suspends FIFA sports integrity partnership

INTERPOL has confirmed the suspension of its agreement with FIFA following investigations into corruption against football’s governing body.  Under a May 2011 agreement, INTERPOL received a donation from FIFA worth €20 million to create a 10-year Integrity in Sport programme. The decision by INTERPOL Secretary General Jürgen Stock will see the world police body freeze the use of financial contributions …

Read More »

Institutional investors sell 6% stake in bwin.party

bwin.party Entertainment institutional investors Emerald Bay and Stinson Ridge are preparing to sell up to 50 million shares in the London FTSE online gambling operator. The large scale share sale by the investors represents a 6% stake in bwin.party. The news of the investor sale, saw bwin.party share price fall 11p to 94p (impact-10%). bwin.party governance stated that it was …

Read More »

Betsson AB steps back from Dutch promotions

European sports betting operator Betsson AB has confirmed to industry news source EGR Magazine that it has ceased certain affiliate activity in the Netherlands market. Betsson, which has Dutch-focused online casino brands Kroon and Oranje in its digital portfolio, informed EGR that it had ceased Dutch-language promotions in order to prevent any legal repercussions in the soon to be regulated …

Read More »

AFJEL seeks French regulatory overhaul following market 5 year assessment

France’s online gambling trade body Association Française du Jeu en Ligne (AFJEL) has stated that the country’s regulatory framework is in need of urgent review in order to create better market conditions for business. Following a release of a 5 year market assessment, AFJEL stated that the performance of the French igaming sector had been “mixed” at best, and that …

Read More »

China state owned Tsinghua Unigroup invests $124 million in 500.com

Chinese state-owned fund Tsinghua Unigroup International is reported to have invested $124 million (£80 million) for a 15.2% stake in New York listed Chinese sports lottery operator 500.com, through a purchase of newly distributed shares. Business news sources have reported that Tsinghua will acquire a total of 63.5 million shares in 500.com. The news of the stake purchase by Tsinghua …

Read More »