Publishing its full-year 2019 results, Stockholm-listed online gambling group Betsson AB details that it has achieved its strategic goals in a year of tough industry challenges and corporate adjustments. Tougher operating conditions within its Nordic home markets and the Netherlands see Betsson record a 5% decrease in group revenues to SEK 5,173m / €493m (FY2018: SEK 5,419m). Lower group revenues …
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Mathias Dahms, President of the German Sports Betting Association (DSWV), has urged Bundesrat officials to ditch the ‘agreed’ online sports betting restrictions of the inbound 2021 ‘Fourth Interstate Treaty on Gambling’. Representing DSWV members, Dahms states that restrictions of sports betting markets and in-play restrictions would simply be ‘proven as ineffective for a digital age’. Despite amending Interstate Treaty provisions …
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Stockholm-listed sports betting platform and systems provider Kambi Group Plc has reported a strong close to 2019 trading, which has been driven by a significant increase in partner wagering volumes recorded across its commercial pipeline. Publishing its full-year 2019 accounts, Kambi posted another consecutive quarter of double-digit growth by recording Q4 2019 group revenues of €27m (Q42018: €22m). Meanwhile, its full-year 2019 …
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Stockholm-listed Kindred Group has reported that a group-wide increase on taxes and a significant jump in operating costs has weighed heavily on its Q4 and full-year performance. Publishing its year end report for January – December 2019, Kindred revealed that due to the changes in betting duties across France, the financial impact to Kindred has been ‘greatly increased’. Henrik Tjärnström, …
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Neil McArthur, Chief Executive of the UK Gambling Commission (UKGC), accompanied by Chairman Dr Bill Moyes, yesterday gave evidence to the House of Lords Select Committee investigating the ‘social and economic impact of the Gambling Industry’. A two-hour hearing saw McArthur and Moyes detail industry intricacies and diverse social factors attached to regulating the UK gambling sector amid a backdrop …
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Kwiff the sports betting app which ‘supercharges player odds’, has confirmed the appointment of Charles Lee as new Chief Executive Officer, effective since the start of 2020. Lee is promoted to CEO, having formerly served as Kwiff’s Head of Sportsbook (2018-2019), and will be tasked with leading the enterprise next stage of commercial development as the London based start-up seeks …
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Lithuania has revealed a new legislation which will require all gambling advertisements to display warnings regarding gambling-related harm after a new bill was passed by the Vilnius Seimas (parliament). The legislation, which will see the warnings become mandatory from 1 July 2020, gained an overwhelming majority during its first reading. The Seimas ruled that the country’s Gaming Control Authority will …
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Sportradar has been named as an official sports data partner to the XFL after securing a new media partnership with the American football league. Under the new agreement, XFL fans and partners will gain access to data, statistics and league information. “We are delighted to be partnering with the XFL in its inaugural season as an official sports data partner,” …
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MasionBet has announced Triple Group One winning jockey, Hayley Turner OBE, will be the brand’s newest racing ambassador. Turner has over 1,500 flat race wins and is considered one of the most successful UK female jockeys of all time. Hayley Turner OBE stated: “I’m thrilled to be sponsored by MansionBet for the upcoming season and hopefully, I will be riding …
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Wanabet.es, an R. Franco brand formerly running off the Kambi sportsbook solution, has signed a new long-term deal with SBTech. The change, said SBTech, will allow Wanabet.es to “deliver the ultimate personalised online sports betting experience and truly fulfill its market potential in Spain”. It added that the online betting brand will gain greater control of risk management, driving its sports …
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