Bookmaker trading teams have rushed to revise their UK political betting markets, as media reports that opposition leader Jeremy Corbyn will change the Labour Party’s stance on a December General Election (yet to be confirmed). With EU leaders agreeing to extend Article 50 negotiation terms until 31 January 2020, and with Conservative Party opposition withdrawing ‘No Deal Brexit’ from negotiations, it …
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Verizon Inc digital media property Yahoo Sports has this morning confirmed that it has entered a strategic partnership with MGM Resorts to power the launch of its imminent sports betting vertical. The agreement sees Yahoo Sports become a ‘digital media partner’ of MGM Resorts, with Verizon’s sports publisher set to launch sports betting functionalities across its Yahoo Sports app this …
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The Italian government has issued further insight on its new fiscal decree order, which will be enforced upon all licensed gambling incumbents. Sanctioned on 16 October, the fiscal decree has been attached to the 5Star-DP coalition government’s first Budget Law mandate. It aims to provide Italy’s Customs & Monopolies agency ADM with the strictest controls to monitor gambling operators and …
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The Greek government has settled on amendments to finally approve the passage of its revamped gambling bill, launching the country’s first regulated online gambling framework. First sanctioned in September 2018 with the aim of overhauling Greek gambling’s licensing regime and industry-wide regulations, final provisions of the new gambling bill have been approved by the European Commission (EC) and Greece’s House …
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Ugandan football referee Emmanuel Kiwewa has been suspended for allegedly soliciting a bribe for a University Football League match. The Federation of Ugandan Football Association (Fufa) is investigating the allegations after he was suspended by the Fufa Referees Standing Committee (FRSC). As reported in the Daily Monitor, the FRSC has directed the following statement at the official. “The [Fufa] referees …
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French online gambling group Betclic Everest has confirmed that it has withdrawn its entire UK market presence. Last week, Betclic Everest brands – Betclic, Everest Gaming and Expekt – issued communications to players and marketing partners confirming their UK market withdrawal effective from 31 October. Post the withdrawal date, Betclic Everest brands will allow limited access to ‘My Account’ areas, allowing …
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BetConstruct will launch its sportsbook with Gbets in South Africa before the end of the year after securing the necessary certification from the The Western Cape Gambling and Racing Board. The fully managed sports betting solution was developed under BetConstruct’s National Manufacturer licence for the country, while the Letter of Certification by the province’s board was based on a report …
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Publishing its Q3 2019 trading update (period ending 30 September), Kambi Group has detailed strong progress on its regulated market agenda combined with the strengthening of its US commercial pipeline. Despite trading on a ‘quiet sporting calendar’ competing against World Cup 2018 comparatives, Kambi has recorded a 12% increase in Q3 2019 revenues to €23.million, up from €20.5m in Q3 2018, and …
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efbet has been given the green light to enter the sports betting and casino market in Italy by Agenzia delle Dogane e dei Monopoli (ADM) – the country’s gambling regulator. This is just the latest part of efbet’s expansion strategy, with Bulgaria’s largest sportsbook and casino operator having already obtained licences for Romania, Serbia and Spain. Having signed the official papers …
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Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …
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