Sportsbook

The latest sportsbook news for the gambling industry, sponsored by Metric Gaming

UKGC alters digital oversight following Football Index investigation

In response to an investigation into the collapse of BetIndex, the UK Gambling Commission (UKGC) has announced that it will make changes to its regulatory oversight of digital gambling products. The Independent Review highlighted a number of areas for improvement from both the UKGC and the Financial Conduct Authority (FCA). In response to the review’s recommendations, the UKGC has introduced …

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Norwegian government moves forward with overseas gambling block

The Norwegian Government has progressed with its plans to block overseas betting and gaming operators, according to local outlet Norway Today. Norway’s Minister of Culture and Equality, Abid Raja, is reportedly targeting a number of overseas  firms, including Betsson and Unibet, arguing that the online activities of these companies should be prohibited.  “These companies do what they can to circumvent …

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Flutter considers ‘matter closed’ as $300m paid to Kentucky

Flutter Entertainment has paid $300 million to the Commonwealth of Kentucky to fully settle its legal dispute with the state concerning The Stars Group.  The Dublin-based gambling group has paid $200 million to the state, on top of a $100 million previously handed over to the state relating to a superseded bond in the case. A statement from Flutter read: …

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Entain discloses terms on DraftKings $22 billion approach  

The board of Entain Plc has published a further media statement outlining the financial terms of DraftKings approach to acquire its business. The statement confirmed a first offer made by DraftKings at £25 per share, comprised of a combination of group shares and cash – valuing the business at $20 billion (£14.6 bn) Entain governance rejected DraftKings initial terms that …

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Entain confirms DraftKings’ interest in reported $20bn acquisition

Entain has confirmed media reports that prominent US sports wagering and fantasy sports operator DraftKings is interested in acquiring the company. A statement from the company’s board earlier today confirmed that a DraftKings proposal to acquire the FTSE100 firm had been received, and that such a takeover would include a combination of the former’s stock and cash.  However, the group …

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Dekker orders KSA to end cooling amnesty for unlicensed operators

A last-minute order by Dutch Legal Protections Minister Sander Dekker has enforced regulator Kansspelautoriteit (KSA) to terminate its ‘cooling-off’ reprieve for unlicensed operators awaiting to join the KOA Regime from 1 October.  Yesterday, Dekker informed the Kamer that he had instructed KSA to no longer offer cooling-off rights to unlicensed operators – who will instead be instructed to cease all …

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Michael Jordan to provide ‘guidance and strategic counsel’ to Sportradar

Shortly after successfully completing its IPO and listing on the Nasdaq Global Exchange, Sportradar has announced that early investor and former National Basketball Association (NBA) player Michael Jordan has joined its Board of Directors. Jordan will serve as a Special Advisor at the company, effective immediately, whilst also increasing his investment, with the providing ‘guidance and strategic counsel’ concerning the …

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Swedish inspectorate cancels inactive licences of Vivaro and FP Bets 

Spelinspektionen, the gambling inspectorate of Sweden, has revoked the licences of Vivaro Gaming and Fair Play Bets Limited on the grounds of inactivity of business services.  Both operators were granted Swedish online gambling licences during the first half of 2020, but had registered SEK 0 in turnover during the past year – forcing Spelinspektionen to investigate their licences. Responding to …

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Boris reshuffle sees Smarkets shorten odds on 2023 General Election

Smarkets has reviewed the surprise promotions and cruel dismissals of PM Boris Johnson‘s latest cabinet reshuffle, forecasting its consequences on the future of UK politics.  Prior to Wednesday’s proceedings, Westminster sources had detailed that Johnson was seeking to re-energise his senior cabinet with strong and competent characters to lead key departments post-pandemic.  Yet, remaining loyal to his lieutenants, Johnson retained …

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APBGG probes UKGC’s competence and effectiveness

The Parliamentary All Party Betting and Gaming Group (APBGG) has initiated an investigation into the ‘competence and effectiveness’ of the UK Gambling Commission (UKGC), as the regulating and licensing authority  of UK gambling. Under the inquiry, licensed operators will be able to issue complaints to the APBGG concerning three categories – whether the UKGC has acted ‘ultra vires’ and gone …

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