Sportsbook

Smarkets has reorganised its executive leadership team following a series of internal promotions and new hires, bolstering the day-to-day management of its organisation.  Former Communications Officer Celine Crawford has been promoted to the c-level leadership role of Chief People Officer (CPO). Recognised as a ‘proven talent’, Crawford has served as Smarkets communications lead since 2015, joining the company from the …

Parimatch Tech has opened a new European hub in Prague, as it seeks to continue its international expansion whilst also providing a working environment for its Ukrainian colleagues.  The international gaming technology group’s new office was opened on 1 May, and whilst the firm’s current objective is to provide a ‘stable and familiar’ working environment for its Ukrainian employees, it …

The UK Gambling Commission (UKGC) has revealed that the country’s problem gambling rate has dropped for another year to 0.2%, prompting the Betting and Gaming Council (BGC) to praise the industry’s efforts.  Issuing an update, the UKGC demonstrated that problem gambling rates had consistently fallen year-on-year from 2020 onwards, with the March 2020 figure standing at 0.6%, falling to 0.4% …

Racing Post, Banach and TXODDS’s horseracing solution, AllSported, has been taken private following what is being described as a ‘substantial investment’.  The financial injection in the former three-way venture will be used to support an ‘aggressive’ growth strategy, facilitated by the new ownership that increases agility for the one-stop platform’s product development. Taking full control over its own operations, AllSported …

Altenar has secured a commercial partnership in the Latin American market, supporting Vinnare Group sportsbook operations in the Colombian betting sector. The sports betting and igaming platform provider will provide its sportsbook solution to Vinnare, which it has lauded as a ‘regional heavyweight’ in Colombia, having been active in the country since 2019 and gaining a ‘valuable understanding’ of how …

In a bid to better reflect its corporate mission and the young demographic audience it targets, Esports Technologies has rebranded as EBET. The new corporate identity has been chosen to showcase the company’s expanded services, which now includes traditional sports and casino games alongside its flagship esports offering.  Additionally, the firm has also stated the rebrand better reflects its target …

To drive its sports betting business in the Brazilian market, online firm Betsul has partnered with Genius Sports to leverage the latter’s data, technology and broadcast solutions.  Genius will provide the Latin American operator with its suite of data-backed outsourced solutions such as PreMatch, LiveTrading and Risk, and in order to maximise turnover, margins and control, Betsul will have ‘full …

Activist investment fund Corvex Management LP has disclosed to the Stockholm Nasdaq that it has built up a 10% shareholding in Kindred Group Plc. Corvex is led by seasoned activist investor Keith Arlyn Meister, a former principal of Icahn Enterprises – the private investment fund of US finance magnate Carl Icahn. The New York fund began to accumulate its 10% …

Aspire Global has maintained ‘continued strong business momentum’ in the first quarter of 2022 according to CEO Tshashi Maimon, as the group prepares to move forward with its €410 million merger with NeoGames. The international B2B gambling group recorded an increase in Q1 revenues of 31.7% to €46.3 million (Q1 2021: €35.2m), along with a rise in EBITDA of 18.7 …

Flutter Entertainment Plc has secured a ‘positive start to year trading’ as the FTSE100 betting group expands its recreational player base to ‘+8.8 million active monthly players (AMPS)’ across its global brand portfolio mitigating UK and Euro market headwinds.  Publishing its Q1 trading update (period ending 31 March), Flutter registered group revenues of £1.56 billion, up 6% on comparative Q1 …