Sportsbook

The latest sportsbook news for the gambling industry.

Kindred Group seeks clarity on Svenska Spel’s future position

SBC News Kindred Group seeks clarity on Svenska Spel's future position

Stockholm-listed Kindred Group Plc has detailed its concerns related to Svenska Spel’s potential influence on the future dynamics of a newly regulated Swedish gambling market. Last week the Swedish government published the updated provisions for its long-awaited revamped national gambling framework. In its update the Swedish government will split the gambling sector into three business compartments; Open/Competitive – For new licensed …

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Dominant SportPesa eyes softer return to Kenyan football sponsorship

SBC News Dominant SportPesa eyes softer return to Kenyan football sponsorship

Kenyan news sources report that SportPesa expects to end its blackout of sports sponsorships, despite its ongoing betting tax dispute with the Uhuru Kenyatta government. Entering 2018, SportPesa Chief Executive Ronald Karauri withdrew all active sports sponsorships, following through on his previous warnings to Kenyan Parliament which had implemented a blanket gambling tax revenue charge of 35% (previous 7.5%). SportPesa’s …

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M&A movements see The Stars Group increase debt capacity

SBC News M&A movements see The Stars Group increase debt capacity

Toronto TSX-listed online gambling firm The Stars Group Inc, has secured a repricing of its $/€ ‘first lien’ debt notes, combined with a further extension of its corporate revolving credit facility. In 2017, the Stars Group governance used approximately $95 million of its available debt capacity to repay its higher-cost $ ‘second lien’ corporate debt notes. Updating investors, the Toronto …

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Honour thy Fork! Cloudbet players to receive a ‘Bitcoin Cash Windfall’

SBC News Honour thy Fork! Cloudbet players to receive a 'Bitcoin Cash Windfall'

Crypto-centric online gambling operator Cloudbet is set to reward its existing sportsbook and casino players with a ‘Bitcoin Cash windfall’. Seeking to enhance its reputation with cryptocurrency enthusiasts, Cloudbet will ‘honour the fork’, which in August 2017 saw Bitcoin split into two currencies, Bitcoin and Bitcoin Cash. Moving forward, Cloudbet will reward its players that held bitcoin in their accounts …

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Sweden moves forward with national gambling reform

SBC News Sweden moves forward with national gambling reform

As anticipated the Swedish government has published its long-awaited revamped national gambling policy, in which it will open a new licensing window for online gambling/betting operators. Re-regulating the market, Swedish policymakers have placed a significant emphasis on consumer protections, industry responsibility, monitoring of betting enterprises combined with an all-around improvement in standards. The revamped framework, sees the Swedish government split …

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Sportsbet.io hires Odds On Marketing to build-up brand identity

SBC News Sportsbet.io hires Odds On Marketing to build-up brand identity

Bitcoin-centric online sportsbook Sportsbet.io (a subsidiary of Coingaming Group), has appointed Odds On Marketing as its new brand agency, as the operator seeks to expand its profile and coverage for World Cup 2018. Sportsbet.io appoints the specialist sports marketing agency Odds On, with the key initiative of driving its new brand identity during a critical period for the sports betting …

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Kambi leadership backs betting suite to deliver growth in market changing 2018

SBC News Kambi leadership backs betting suite to deliver growth in market changing 2018

The leadership of Stockholm-listed, betting platform and software supplier Kambi Plc, backs its products, services and innovations to deliver client growth in a critical 2018 for the global betting sector. Publishing Kambi’s ‘2017 Annual Report’, Chief Executive Kristian Nylén is pleased to have closed a ‘rollercoaster year’ which has tested the firm’s structure, industry strategy and leadership nerves. Despite recording …

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SG Digital expands European footprint with Svenska Spel partnership

SBC News SG Digital expands European footprint with Svenska Spel partnership

Scientific Games Corporation has announced that SG Digital will partner with Svenska Spel to provide content through the division’s Open Gaming System (OGS) and a Player Account Management solution via the Open Platform System (OPS). SG Digital will provide platform technology and a library of more than 2000 game titles from the company’s nine game studios and third-party providers, pending …

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