Sportsbook

Paf has announced that they will employ Per Sahlberg as its new CFO. Sahlberg, who has been recruited from online gaming developer Tain, will start in his new role on October 1. Per Sahlberg, 41, will leave Tain after almost 9 years in the job. He has built up considerable experience in the industry, having also served as CFO for two …

Ahead of its Q2 2016 corporate update (scheduled for 27 July), Unibet Plc has detailed to investors that company performance will be boosted by positive exchange rate fluctuations. Updating the market, Unibet governance detailed that net foreign exchange yields made by its main operating currencies against the weakening GBP £ (see Unibet XE graph below) will prove favorable in its Q2 …

BetVictor has made current Home Secretary Theresa May its 2/5 favourite to be the next leader of the Conservative party after Boris Johnson sensationally ruled himself out of the race in a speech yesterday lunchtime.  That morning Justice Secretary Michael Gove, another Leave campaigner, had announced he would be standing and the odds proceeded to fluctuate amidst these confirmations. It came …

Updating the market, Oslo-listed Gaming Innovation Group (GIG) has confirmed that it has entered a binding agreement to acquire Scandinavian online gambling operator Betit Holdings (Betit) in a deal valued at €54 million. Signing a ‘letter of intent’, GIG is set to issue 153 million new shares in order to inherit Betit assets. Furthermore, industry venture financier Optimizer Invest, a leading …

ESSA has signed an integrity agreement with Russian market operator Fonbet, bringing its membership to 20. The deal continues the organisation’s growth and further bolsters the global market coverage of ESSA’s betting integrity alert and reporting system. Fonbet was the biggest operator in the Russian retail and online market in 2014 with 1180 betting shops (21.4% market share) and 2.5 …

Just one year after launching its German sports betting enterprise TIPP3 (Tipp3.de) European telecommunications giant Deutsche Telekom has terminated its subsidiary, following reports of significant underperformance. In April 2015, Deutsche Telekom governance announced that it had entered the German sports betting market, acquiring a majority 64% stake in Tipp.de Sportwetten GmbH owned by Deutsche Sportwetten, who would continue to manage …

Settling out of court with trade union Unite, Betfred has agreed to pay 88 workers of its defunct Wigan Tote Park call centre employee compensation totalling £470,000. The settlement will see an individual average payment of circa £5,300 per employee. Through trade union Unite the workers had issued legal proceedings calling for Betfred to honour redundancy terms relating to contracts …

This year saw Muse, Adele and Coldplay grace the Pyramid Stage in the three headline slots but just as soon as it’s over the bookies are looking ahead to next year.  As far back as last year Michael Eavis suggested he already has two of the three headliners for 2017 lined up which has led to bookmakers and music fans …

Betfair has placed UK Home Secretary Theresa May as 11/8 market favourite to replace David Cameron as Conservative Party leader. With the Tory party in political turmoil following last Friday’s leadership resignation of  David Cameron, May becomes the market favourite having been branded as the  ‘Stop Boris’ candidate. ‘Leave’ campaign leader Boris Johnson has been placed as a close 11/5 …

Stockholm-listed online betting operator Betsson AB has confirmed the appointment of London marketing agency Leo Burnett as its international advertising strategy and creative lead for Betsson.com Leo Burnett has previously worked on creative and advertising strategies for Ladbrokes, won the business pitch run by marketing consultancy Agency Insight, beating Mullen Lowe London for the account. The agency will now be …