Best international practices are high on the agenda for the CIS countries looking to legalise sports betting, according to Ilya Machavariani, head of Russian and CIS gambling and gaming practice at Dentons. Speaking as part of the ‘CIS & the Balkans – The next big thing?’ panel on day two of the SBC Summit Barcelona – Digital, Machavariani gave an …
Read More »
Flutter Entertainment Plc, has seen its total group revenues jump by 9% during Q3, despite its retail division continuing to feel the effects of the changes in fixed odds betting terminals (FOBT) legislation implemented earlier this year. Publishing its interim report for the three months ended 30 September 2019, Flutter Entertainment disclosed a 9% year-on-year decline in retail revenues, down …
Read More »
Flutter Entertainment Plc, the rebranded entity of Paddy Power Betfair, has seen its interim H1 2019 profits before tax drop by 24%, as FTSE100 betting group cites changes in regulations and taxation as the lead factor in its year-on-year performance decline. Operating its enlarged portfolio of Paddy Power, Betfair, FanDuel (US), Sportsbet (AUS) and the recently acquired Adjarabet (CIS), Flutter saw …
Read More »
Latin American and CIS growth experts JD Duarte and Stan Reoutt will bookend the Emerging Markets track at Betting on Sports 2019, as part of the event’s growing international outlook. Reflecting the increasing global reach of the sports betting industry, Emerging Markets is a five-session conference track that focuses on the opportunities available to operators and suppliers in some of …
Read More »
Paddy Power Betfair shareholders have backed the group’s proposition to rebrand as Flutter Entertainment, as confirmed as part of an annual general meeting for the operator. The Paddy Power Betfair chairman, Gary McGann, has confirmed that a 99.8 per cent majority of shareholders voting by proxy backed the move to rebrand the group, as it seeks to reflect the group’s …
Read More »
Bookmaker group Paddy Power Betfair has released a proposition to rebrand the group as Flutter Entertainments in a bid to reflect the group’s growing brand portfolio. In a release of the group’s preliminary full-year 2018 results, the group outlined that its recent merger and acquisition drive meant that a rebrand would be essential in order to represent its global range. …
Read More »
FTSE100 betting group Paddy Power Betfair (PPB) has published its preliminary full-year 2018 results, detailing that the firm has made progress on its global agenda, whilst navigating UK home market complexities. PPB maintains its corporate revenue growth at £1.87 billion (FY2017: £1.74bn), with the betting group detailing robust digital revenues of £948 million (FY2017: £898m), combined with an underlying digital …
Read More »
Industry software and platform provider EveryMatrix has this morning confirmed the appointment of Rafael Campuzano as its new Chief Technology Officer (CTO). Campuzano joins EveryMatrix leadership team from Intralot SA igaming platform and tailored business solutions provider Bit8, where he formerly served as CTO and Head of Software Development (2016-2019). Updating stakeholders, EveryMatrix governance details that it has secured the …
Read More »
FTSE100 Paddy Power Betfair (PPB) has expanded its reach into the Georgian regulated gambling market acquiring a 51 per cent shareholding in leading betting and gaming group Adjarabet. The initial cash consideration put forward for Adjarabet’s majority shareholding totals £101m, with the UK operator granted first right to acquire the remaining 49 per cent within a period of three years. …
Read More »
Leading Georgia and Armenia gambling operator Adjarabet has confirmed that it has revamped its online casino services, utilising EveryMatrix’s ‘CasinoEngine’ platform. Updating the market, EveryMatrix has completed the successful installation of CasinoEngine platform within Adjarabet’s existing digital framework, significantly boosting the operator’s RNG games and live casino content inventory. Beyond gaming content, Adjarabet customers will benefit from faster game loading …
Read More »
SBC News Voice of the Sports Betting Industry