Tag Archives: BetCity.nl

Entain files commercial dispute against BetCity owners  

SBC News Entain files commercial dispute against BetCity owners  

Entain Plc has initiated legal proceedings against the former owners of BetCity.nl, the Dutch sportsbook and igaming property of the FTSE100 gambling group.   A lawsuit has been filed in the Commercial Court of England by Clifford Chance, representing Entain Netherlands BV, against former owners of BetCity.nl, primarily consisting of the Singels Family and associates.  Entain has filed a ‘Part-7 Claim …

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KSA fines BetCity.nl €3m for slack AML measures

KSA, Netherlands/Dutch gambling authority

Kansspelautoriteit (KSA), the gambling authority of the Netherlands, has imposed a €3 million penalty on BetEnt NV, the operating company of BetCity.nl. The penalty relates to BetCity.nl’s failure to comply with the rules of the Netherlands Money Laundering and Terrorism Financing Prevention Act (Wwft). A subsidiary of Entain Plc, BetEnt was warned by KSA of shortcomings in AML compliance in …

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Bragg to supply player account management in extended Entain deal

SBC News Bragg to supply player account management in extended Entain deal

Bragg has extended its agreement with Entain to supply the latter’s Dutch igaming operator, BetCity.nl, with its Player Account Management (PAM) platform until 2025. The gaming technology and content provider will provide its proprietary aggregated casino content, as well as deliver sports betting products to customers of BetCity.nl. Bragg Chairman and CEO, Matevž Mazij, stated: “As reflected in BetCity.nl’s strong …

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BetCity eyes up ‘greater culture of responsible gambling’ with Mindway AI

Mindway

BetCity.nl has initiated an upgrade of its responsible gambling practices and solutions by partnering with Mindway AI. The Dutch-facing Entain-owned sportsbook brand will utilise Mindway’s technology and knowledge of artificial intelligence (AI), neuroscientific insights and analysis to deliver a safer gambling experience to its customers. Mindway’s GameScanner tool will play a particularly important role in the partnership, due to be …

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BetCity.nl upgrades Vitesse sponsorship for new Eredivisie season

SBC News BetCity.nl upgrades Vitesse sponsorship for new Eredivisie season

BetCity.nl, the flagship Dutch sportsbook property of Entain Plc, has once again enhanced its sponsorship of Eredivisie football club SBV Vitesse Arnhem.  Starting next season, BetCity.nl will become the principal sponsor of Vitesse, moving its brand logo from the back to the front of the club’s shirt. The partnership between BetCity.nl and Vitesse began in January 2022, with the sportsbook …

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BetCity becomes second firm fined by KSA after Kassa TV investigation

Betent becomes second firm fined by KSA after Kassa TV investigation

The Dutch Gaming Authority, Kansspelautoriteit (KSA), has completed its latest enforcement action, issuing a €400,000 fine against BetEnt, operator of BetCity.nl. Betent has found itself to be the latest firm to fall under the KSA’s scopes for advertising infractions. The regulator has accused the firm of ‘targeting’ young adults between 18-23 years old with advertisements. Notably, the fine is the …

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Entain regains Netherlands foothold as BetCity takeover completed

Entain regains Netherlands foothold as BetCity takeover completed

Ending a 15-month absence from the country, Entain has re-entered the Dutch online sports betting market via its finalised takeover of local firm BetCity.nl. BetCity is the operating brand of BetEnt, which was acquired by Entain last June for an initial consideration of €300m (£257m), with a balancing payment due to be made once the company’s 2022 value is confirmed. …

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Entain activates $1bn loan to speed up closure of M&A deals 

SBC News Entain activates $1bn loan to speed up closure of M&A deals 

Entain Plc has successfully executed the pricing and allocation of a ‘New Term Loan‘ that will provide the FTSE100 gambling group $1bn in funds available to support its global growth initiatives.  A corporate financing measure announced by Entain governance during H1 trading, the new term loan has been allocated as a “$1,000m First Lien Term Loan B in USD set …

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Entain fills C-level vacancies as new CTO and CCO confirmed

SBC News Entain fills C-level vacancies as new CTO and CCO confirmed

Entain has bolstered its senior leadership, making two internal promotions to appoint a new Chief Technology Officer (CTO) and Chief Commercial Officer (CCO). The vacancies will be filled by Shailendra Maurya (CTO) and Dominic Grounsell (CCO), two established members of Entain’s management team, having worked at the company for four years and three years respectively. Maurya’s tenure with the FTSE100 betting …

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Jette Nygaard-Andersen: M&A continues as key to Entain’s growth

Jette Nygaard-Andersen takes charge of Entain as new CEO

Following its Q2 2022 earnings update, Entain has detailed continued focus on its M&A strategy as well as sustainability, as regulatory judgements in the UK loom.  Sharing their perspectives in an investor earnings call, group CEO Jette Nygaard-Andersen and CFO Rob Wood explained that the FTSE100 gambling firm’s acquisition strategy was ‘active as ever’.  Assessing Entain’s global operations, Nygaard-Andersen pointed …

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