Swedish gambling regulator Spelinspektionen has sanctioned a further raft of fines and warnings to licensed operators for breaching its rules on offering ‘under-18’ betting markets. Publishing its latest industry update, Spelinspektionen has fined four licensed incumbents – ComeOn Sweden, Hajper Ltd, Legolas Invest and Faster Ltd – for offering ‘betting on events where the majority of participants are under 18 years of …
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Global sports betting provider Kambi has finalised a multi-state contract extension agreement alongside the sports-tech and media entertainment company, DraftKings. Under the terms of the new extension, provisions have been outlined for the extension of the Kambi-DraftKings partnership into a further eight states, including: Colorado, Indiana, Iowa, Maine, New York, Pennsylvania, Tennessee and West Virginia. Kambi CEO Kristian Nylén explained: …
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Publishing its 2019 interim results (period ending 30 June), Playtech Plc has underlined its confidence in delivering on full-year expectations and strategic targets. Recording a 68% increase in group revenues to €736 million (H12018: €436m), Playtech highlighted growth across its ‘Core B2B Gambling’ division and the integration of SNAITECH Italia assets as key performance drivers. The FTSE250 technology group detailed that …
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International betting tech firm Sportech has published its interim results for the six months ended 30 June. The figures, which came in lower year-on-year, reflect an ongoing period of transition for the company as it moves towards a more digitized business, while removing cost to increase efficiencies. Revenue growth in Racing, Bump 50:50 and Lottery were all, it said, offset …
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Croatian tech news source Netokracija.com has reported that Romanian betting group SuperBet Group has acquired Zagreb-based technology development studio Axilis. The acquisition will see Axilis become the lead development hub of SuperBet’s planned proprietary sportsbook platform launch. Both companies maintain an existing working relationship, with Axilis having led the frontend redevelopment of SuperBet new website, which was launched in ‘beta …
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Flutter Entertainment’s Betfair Australia has confirmed that it will be launching a new betting exchange on horse races in Hong Kong, despite not being sanctioned by the Jockey Club. Set to begin on 1 September, which coincides with the start of the Hong Kong 2019-20 racing season, Betfair Australia is due to offer exchange punters the opportunity to wager bets …
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Low-margin bookmaker Pinnacle has enhanced its all-round customer engagement capacities by launching its ‘Future View’ website, an initiative it states will act as the company’s ‘foundation for future growth’. Marked as a core project undertaken for 2019, the Future View website offers Pinnacle customers an optimised desktop and mobile experience catering for deeper engagement delivered through enhanced personalisation features. Paris …
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French betting group Betclic has confirmed its first-ever Polish football sponsorship becoming a principal partner of Ekstraklasa league football club Lechia Gdansk. The partnership will see the Betclic brand replace German betting group Merkur Sportwetten Polish market subsidiary Totolotek on the back of Lechia’s matchday shirts. Entering 2019, Betclic governance confirmed that it would launch its sportsbook services for the …
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Nigel and Lesley Eccles, the enterprise founders of US fantasy sports operator FanDuel are reported to be renewing their legal challenge against Flutter Entertainment Plc (formerly Paddy Power Betfair), in relation to the FTSE firm’s $465 million takeover of FanDuel completed in July of last year. The husband and wife team are joined by FanDuel co-founders’ Tom Griffiths (former CPO) …
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Stockholm-listed Kindred Group Plc has been fined €470,000 by the Netherlands Gambling Authority (KSA) in relation to breaching legislative terms set by the ‘1964 Gambling Act’. Kindred said that the Dutch KSA has sanctioned the penalty to Malta-based trading subsidiary Trannel International Ltd for accepting wagers from Dutch customers in violation of 1964 Gambling Act regulatory provisions. The European operator details …
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