Tag Archives: 2022

Year in Review: UK judgement day looms and global crypto takes a hit

SBC News Year in Review: UK judgement day looms and global crypto takes a hit

As 2022 drew to a close the ever-constant shadow of the Gambling Act review continued to hang over the UK betting space, whilst a number of big names continued to make major moves.  Following the political chaos of Boris Johnson’s premiership, the situation began to stabilise at Westminster under Rishi Sunak, including the appointment of Paul Scully MP as Minister …

Read More »

Year in Review: Q2 continues to set the tone with M&A shakeups and regulatory debate

Year in Review

As 2022 gathered pace, it was clear that the year was going to be one of extensive M&A, trading and regulatory activity, as companies published their first quarterly updates and the UK Gambling Commission (UKGC) had some big decisions to make. Kicking off Q2, Betsson and Gaming Innovation Group (GiG) revealed respective major accomplishments, as the former made a strong …

Read More »

South Africa: Betting has ‘finally broken through’ but regulatory hurdles remain

SBC News South Africa: Betting has ‘finally broken through’ but regulatory hurdles remain

In Africa’s most developed economy and gambling market, an opposition political party is seeking to shake up national gambling legislation with a new bill. South Africa’s Democratic Alliance (DA), the centrist/centre-right opposition to the ruling African National Congress (ANC), has proposed the ‘Remote Gambling Bill, 2022’ to the country’s legislature. The bill aims to regulate issuing of licences to be …

Read More »

Svenska Spel encounters 2022 hurdles as Q1 NGR declines 3%

SBC News Svenska Spel encounters 2022 hurdles as Q1 NGR declines 3%

Swedish gambling company Svenska Spel has reported a ‘challenging start’ to 2022 in that both revenue and earnings have been affected by pandemic impacts and regulatory developments  during the first half of Q1.  However, as set out in its interim report for January – March 2022, the state-owned group’s focus on gaming liability measures seem to have had a more …

Read More »