Sportsbook

Italy’s Chamber of Deputies has approved the ‘Tax Delegation Law’, a decree that paves the way for  ‘industry reorganisation’ of the Italian gambling sector. The bill has been forwarded to the Senate for its secondary approval where it is expected to face no challenges in its passage into law.  Backing the mandate, Deputy Minister for the Economy Maurizio Leo expressed …

The UK Gambling Commission (UKGC) has undertaken enforcement against Betfred. The operator is being forced to pay £3.25m after an investigation revealed social responsibility and anti-money laundering failures. Betfred, registered as Done Bros (Cash Betting) Limited, breached licence conditions between January 2021-December 2022. The firm is an omnichannel operator, maintaining a high-street portfolio of 1,750 betting shops, a website and …

BETER and Digitain have entered into a new partnership which will see the latter integrate and distribute the betting content and data provider’s esports range. The agreement between the two B2B firms will enable Digitain to deliver BETER esports titles to its range of clients, beginning with efootball tournaments and the Setka Cup table tennis tournament from the ESportsBattle portfolio.  …

Entain is embarking on its latest acquisition, continuing to widen its brand portfolio and expand its US standing by securing a takeover of Angstrom Sports. The total transaction cost equals £81m plus contingent payments of up to a maximum of £122m, payable over three years, with the FTSE100 betting and gaming group anticipating closure of the acquisition to take place …

The Board of 888 Holdings has confirmed this afternoon that it has terminated all ongoing discussions with FS Gaming Investments LLC.  FS Gaming is the investment vehicle of former GVC Holdings (formerly Entain Plc) leadership duo Kenneth Alexander (CEO) and Lee Feldman (Chairman) – who last month acquired a 6.5% stake in the LSE Gambling Group. Further to the investment, …

STS Group, the subject of a £750m acquisition bid by Entain Plc, continues to consolidate its position as Poland’s market-leading sportsbook.  Publishing its Q2 trading update, Warsaw-listed STS registered a 3% increase in wagering volume to PLN 1.103bn (€245m).  Wagering growth was maintained despite STS disbanding its UK and Estonia businesses, a factor reflected in the firm’s customer KPI metrics …

Kambi Group Plc is further expanding its South American presence by entering into a long-term technology partnership with Eyas Gaming. The Stockholm-listed sports betting technology group will support Eyas Gaming in its upcoming launch of the Lance! Sportsbook. Pan-LatAm iGaming group Eyas Gaming has entered into a joint-venture partnership with Brazilian football publisher Lance! to operate its branded sportsbook property. …

The FA has confirmed they have charged Nottingham Forest fullback Harry Toffolo for breaching its betting rules. Toffolo has until Wednesday, 19 July to respond to the charges. It is alleged that the defender violated FA Rule E1 (b) and broke the rule 375 times from 22 January, 2014, to 18 March, 2017 when he was playing for Norwich City whilst being out on-loan on to clubs such as Swindon, …

Entain Plc has been granted antitrust approval to proceed with its £750m acquisition of STS Group, Poland’s largest betting group. The FTSE100 gambling group informed investors this morning that Poland’s Office of Competition and Consumer Protection was “satisfied with the conditions of its tender” to acquire Warsaw-listed STS Holdings.  Dealmakers required the Polish government’s antitrust authorization as the STS Group …

The All-In Diversity Project (AiDP) has completed an industry-specific research collaboration in partnership with Entain Plc, Flutter Entertainment, and Stats Perform, examining the participation of women in sports betting. The industry non-profit, focused on workplace diversity, inclusion, and equality (DIE), has published the findings of its report titled “Breaking Barriers: Assessing Women’s Sports, Betting, and Integrity Challenges”. The study was …