Sportsbook

Frankfurt Xetra-listed European betting operator mybet Holdings SE continues its performance slump reporting an 11% revenue decline to €14.9 million for its Q1 2016 opening (period ending 31 March). The operator who reported €8 million group losses in 2015, recorded performance declines in core divisions as online betting revenues dropped 10% to €8.2 million (Q1 2015: €9.2 million).mybet would post …

The Financial Times (FT.com) has reported that 888 co-founders the Ben-Yitzhak brothers have sold a £57 million stake in the FTSE-listed operator The sale sees the Ben-Yitzhak family trust reduces its equity in 888 Holdings Plc from 10.4% to just below the 3% disclosure threshold. The FT reports that the Ben-Yitzhak shares were placed on the market via Wealth Management …

Sky Betting and Gaming received applications from over 1900 candidates in just four weeks for the recently announced commercial graduate scheme. The company are also due to launch a university placement scheme. Over 120 potential recruits applied for each of the 16 roles on offer within the company’s financial, operations and gaming and betting teams. The scheme closed early due to …

Having secured its Stockholm Nasdaq IPO in March, mobile gaming specialist Leo Vegas has announced that it is ready to launch its sports betting offering ‘LeoVegas Sports’ on Friday 13 May. The Malta and UK licensed firm will bring its sports betting product powered by Kambi, in time for the start of the UEFA Euro 2016 Championships (10 June – …

Following a review of services by Latvia’s Lottery and Gambling Supervision Agency (IAUI), Stockholm-listed European sports betting operator Betsson has been granted concession to offer online betting services through its Triobet brand. The decision taken by the IAUI will see Betsson’s online assets removed from Latvia’s online gambling blacklist. The operator is said to want to concentrate its Latvian betting …

Presenting its Q1 2016 update (period ending 31 March) Oslo-listed Gaming Innovation Group (GIG) reported a revenue uplift of 24% to €7.9 million (Q1 2015: €6.4 million). Detailing revenue drivers, GIG governance detailed that the company had witnessed a significant growth in active players during the period, as its online gambling assets recorded ‘92,937 real money’ players for Q1 2016. GIG …

Sportsbook platform provider FSB Technology (UK) Ltd has appointed Garry Pattenden as its new Operations Director, with the firm looking to bolster  its operational delivery team in order to help service the ten new B2B licensees it signed last year. Pattenden, who joins FSB Tech having spent more than a decade as Commercial Director of mobile technology company Safari Mobile (UK), …

The citizens of British overseas territory Gibraltar, are backing remaining in the European Union ahead of next month’s UK EU Referendum (23 June). The latest polls undertaken by various Gibraltar news sources, indicate that ‘The Rock’ is firmly committed to staying in the EU economic zone with results showing 85% of Gibraltarians wanting to remain (8% leave / 7% undecided). …

Genius Sports subsidiary BetGenius has claimed that its cutting-edge ‘betslip technology’ has cut sportsbook customer acquisition costs in half by serving up personalised content to customers. Using Connextra retargeting technology, operators have been able to deliver tailored content to players both before and after a bet is placed, which in-turn has seen a decline of ‘betslip abandonment’ on bookmaker’s markets. The retargeting technology means …

Tabcorp have announced an extension to its sponsorship agreement with the Australian Trainers Association (ATA). It is an upgrade on the partnership which first came to fruition in 2014. The new agreement will see Tabcorp partner with the ATA, the official representative organisation for the country’s horse trainers, on a number of new raceday initiatives in 2016 including supporting the TAB/ATA Celebrate Women Trainers Handicap …