Sportsbook

Sporting Solutions has beaten off competition from a number of sportsbook suppliers, to provide Svenska Spel with its outsourced pricing services (OPS). The firm, which forms part of the Sporting Group, will see the partnership run for an initial year long period, with Svenska Spel holding the rights to exercise the option of a further year. Fredrik Wastenson, Vice President …

The esports betting sector is set to gain a further new market entrant as Luckbox.com prepares to make its debut in 2018. The new esports betting platform is founded by former PokerStars employees Lars Lien (CEO) and Mike Stevens. Under development since 2016, Luckbox.com is a unique betting venture which to date has raised 483.5 Bitcoin (circa £5 million) from ‘strategic …

FTSE online gambling group GVC Holdings has this morning informed investors that it expects its full-year corporate earnings to be at the top end of management expectations having finished 2017 trading strongly. Issuing its Q4 2017 trading update (period ending 31 December), GVC reports daily group net gaming revenues of €2.2 million up 24% on corresponding Q4 2016 daily NGR …

Issuing a market statement, Nordic Nasdaq-listed sports betting platform/software supplier Kambi Plc, has revised its Q4 2017 corporate revenue forecasts, due to favourable football results recorded during the month of December.   Updating investors, Kambi details that its was able to maintain an ‘all-time high sportsbook margin of 9.7%’ during its Q4 2017 trading, a figure which is significantly higher …

Italian football giants AC Milan has announced a new sponsorship deal with Vwin, which marks the clubs first regional partner in Asia. The Philippine licensed Asian online betting firm has signed a multi year official partnership with the Serie A side, and are set to work with the club in Asian regions to launch customised marketing campaigns. It has also …

Following an independent review, The UK Advertising Standards Authority (ASA) has upheld its decision that Coral must cease using its advert that features stylistic clips of footballers performing against the background of a dramatic soundtrack.   In response to the two complaints that were received, Coral expressed that it did not believe the ad was harmful or irresponsible in any way. Adding, …

After decades of decline, Italian horse racing has been thrown a lifeline in the form of the country’s latest Budget Law. Most notably, the turnover-based tax regime that has been so detrimental has been replaced by a new gross gaming revenue (GGR) tax. The GGR tax regime for horse racing is based on that already implemented in the sports betting …

Bookmakers have suspended betting markets on SPL football club Glasgow Rangers FC being relegated, as internet rumours circulate that the club faces financial difficulties once again. Betting affiliate Oddschecker, last night alerted UK media that it had spotted ‘unusual betting patterns’ on Rangers being relegated from the SPL. Rangers, Scottish football’s most successful club, currently sits third in the league, …

Industry-independent watchdog The Senet Group has tentatively backed the potential introduction of a statutory ‘safer gambling’ levy imposed on UK gambling operators. Last week, Senet Group Chair Gillian Wilmot, issued the following statement, regarding the watchdog’s current position on developing a new industry levy designed to ‘fund gambling research, education and treatment’. “The Senet Group is committed to working in …

Following the termination of all SportPesa Kenyan sports sponsorships, Chief Executive Ronald Karauri has defended his firm’s position against MP backlash. Entering 2018, Karauri ordered SportPesa to suspend all active sports sponsorships in protest of the Kenyan TNA government’s blanket 35% tax hike on betting and lottery services. During 2017 High Court hearings, Karauri had previously warned the government that …