Sportsbook

The latest sportsbook news for the gambling industry.

SIS secures Saudi Cup distribution with leading bookmakers

SBC News SIS secures Saudi Cup distribution with leading bookmakers

Bet365, Betfred and Ladbrokes Coral are among a whole host of bookmakers who have secured rights with Sports Information Services (SIS) to distribute live pictures and data from this month’s Saudi Cup, nicknamed ‘The world’s most valuable horse race’. Customers of these bookmakers will gain access to live streams of the full two days of horse racing at the King …

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Racing Point F1 drops SportPesa due to home market ‘difficulties’

SBC News Racing Point F1 drops SportPesa due to home market ‘difficulties’

Formula One team Racing Point has terminated its title sponsorship with Kenyan bookmaker SportPesa due to ‘difficulties in their home market’, according to the firm’s team principal Otmar Szafnauer. Racing Point had initially signed a multi-year title sponsorship with SportPesa ahead of the 2019 F1 season, marked as the Kenyan betting group’s biggest-ever sponsorship commitment. However, as a new F1 season approaches (start …

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Betway expands Euro profile securing Portuguese licence

SBC News Betway expands Euro profile securing Portuguese licence

Portugal’s Comissao de Jogos do Turismo (SRJI) has granted Betway a licence to operate B2C online casino and betting services. The government agency which leads licencing initiatives for Portugal’s gambling marketplace, sanctioned by the nation’s Tourism Board has granted online gambling rights to Betway’s Malta operating subsidiary GM Gaming Ltd. Portugal becomes Betway’s ninth European regulated marketplace, in which the …

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Flutter secures Australian clearance for Stars Group merger

flutter

Flutter Entertainment Plc has received regulatory approval from the Australian Competition and Consumer Commission (ACCC) for its proposed merger with The Stars Group Inc.    The Australian competition clearance means Flutter has cleared a significant hurdle in its pursuit of a merger with The Stars Group, which it hopes to push through by Q3 2020. The ACCC had been forced to …

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Transitioning GiG faces B2C and B2B declines closing tough 2019

Gaming Innovation Group (GiG)

Stockholm-listed Gaming Innovation Group (GiG) has detailed confidence in its future outlook and prospects as the company transitions to becoming a single-focus B2B technology incumbent. This morning, GiG published its Q4 2019 results, recording corporate declines across all major operating metrics and citing a number of factors impacting both B2C and B2B performance. Recording a 26% decline in Q4 2019 …

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Matchbook freezes UK activity following UKGC suspension

SBC News Matchbook freezes UK activity following UKGC suspension

Closing Monday 17 February trading, online betting exchange Matchbook has been forced to suspend its entire UK betting and casino services. The Dundalk-based operator issued a statement to customers detailing that the UK Gambling Commission (UKGC) had sanctioned a temporary licence suspension on its operating company Triplebet Limited. “As a result, from 23.59 on 17 February 2020 we will be …

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BOS Sweden submits response to Spelinspektionen bet-type proposals

SBC News BOS Sweden submits response to Spelinspektionen bet-type proposals

A document co-authored by Swedish online gambling trade association BOS and industry market intelligence firm H2 Capital has urged regulator Spelinspektionen to rethink wagering restrictions designed to counter sports manipulations. It was submitted to Spelinspektionen as part of the regulator’s stakeholder consultation on safeguarding Swedish sports integrity and protecting Swedish sports from manipulation. The consultation launch followed the publication of …

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Betfred lands title sponsorship of Wilder vs Fury rematch

SBC News Betfred lands title sponsorship of Wilder vs Fury rematch

Betfred has been announced as the official sponsor of this weekend’s undisputed heavyweight title fight between Deontay Wilder vs Tyson Fury (Saturday 22 February).  The Las Vegas showdown takes place at MGM Grand Garden Arena and is available on pay-per-view on BT Sport Box Office for UK audiences, as  Betfred marketing secures the title sponsorship to what many anticipate will be …

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Bayern Munich executive Jörg Wacker criticises Interstate Treaty’s ‘false protections’

SBC News Bayern Munich executive Jörg Wacker criticises Interstate Treaty’s 'false protections'

FC Bayern Munich board member Jörg Wacker has become the latest German sports and business figurehead to criticise the online betting restrictions of the nation’s ‘Fourth Interstate Treaty on Gambling’ inbound for 2021. Despite Lander (state) consensus being reached on eliminating restrictions on online casino products, Germany’s Bundesrat (Federal Council) maintains controversial requirements attached to sports betting, restricting monthly player …

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Tough closing period weighs heavy on LeoVegas 2019 results

Gustaf Hagman, LeoVegas CEO

LeoVegas AB has detailed a tough closing period to 2019 trading, in which significant Q4 exceptional costs have impacted the firm’s full-year performance. Updating investors, the operator explained that it has booked €6 million attributed to restructuring costs, on top of a €10 million Royal Panda impairment charge. The expenses see LeoVegas post Q4 2019 operating losses of €2.5 million …

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