Tag Archives: Betfred

Pariekshit Maadishetti joins SCCG Management India leadership team

Igaming services provider SCCG Management has announced the appointment of Pariekshit Maadishetti as the latest addition to its leadership team in India. Maadishetti has gained experience in consultancy for several startup companies as an investor, board member or mentor, and has also been part of ‘many successful ventures’ in a range of industries. SCCG particularly identified Maadishetti’s experience as the …

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BetitRight expands Swedish operations with ComeOn dea

BetitRight has entered into a business arrangement with ComeOn Group, expanding its foothold in the Swedish betting and gaming market in the process.  Facilitated via BetitRight’s joint venture with Spotlight Sports Group (SSG), the deal with ComeOn will see the latter incorporate its new partner’s bet-prompt and in-play service across its operations.  This will include both pre-play and in-play betting …

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2mee to use £500k funding round to expand operations and commercial team

2mee has secured £500,000 in a recent funding round, detailing an ambition to drive “scale at pace” across several commercial areas.  In particular, the company intends to boost its sales and marketing activity, further grow its commercial team and partner with more sports betting and casino brands.  The firm aims to specifically target brands that seek to connect with their …

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Betfred and Playtech create ‘unique’ horse racing bingo game

Gambling technology company, Playtech, has partnered with Betfred to introduce a new horse racing-themed bingo variant – Giddy Up Bingo. The launch has been described as a 50-ball, multi-stake variant which gives players the option to pick one of four horses – each representing a different ticket price – with proportionally increasing prizes depending on the stake.  Within the game, …

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Freebets.ltd.uk reports ‘record’ opening month of 2022

Free bets portal freebets.ltd.uk, which targets the British sports wagering market, has reported a ‘record’ number of users in January 2022. The betting aggregator business detailed that its user base increased by 45% year-on-year during the opening month of the year, with the firm accrediting platform updates and onboarding of new partners as key growth drivers.  Notable firms to have …

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Flutter opens Ceuta hub to support Spanish market growth ambitions  

Flutter Entertainment has opened a strategic hub in the Spanish autonomous city of Ceuta to support its Spanish market operations. Local news sources have disclosed that the hub will form part of the ‘Flutter International’ unit of the FTSE100 gambling group, who are reported to be in the process of hiring 30 Ceuta based employees The Ceuta hub aims to …

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888 anticipates closure of William Hill acquisition in Q2 2022

888 Holdings has updated that the full completion of its takeover of the non-US assets of William Hill and William Hill International will take place in the second quarter of 2022. Additionally, Q2 2022 will also see the international gambling group publish a combined circular and prospectus for the acquisition and capital raise, with a shareholder vote scheduled to follow.  …

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Year in Review Part Three – Firms look to Nasdaq whilst William Hill auction comes to a close

The third quarter of 2021 saw further regulatory developments across Europe, and one of the year’s biggest M&A saga’s concluded as 888 Holdings finalised the terms of its William Hill acquisition.  Sportradar, the Swiss sports data and technology company, successfully completed its public listing on the US Nasdaq stock exchange in September, with some assistance from basketball legend Michael Jordan. …

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Year in Review Part Two: Bidding battle for Hills and legislative backlash in Germany

The second quarter of 2021 saw major developments across the European betting industry, as Germany introduced a new tax regime, British regulators came under increasing scrutiny and a major bidding contest got underway. In Germany, April saw the ratification of the federal Fourth Interstate Treaty on Gambling (GlüNeuRStV) by the Bundesländer of Saxony-Anhalt, following approval by 13 other states.  The …

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888 secures regulatory clearances to move ahead with William Hill takeover

888 Holdings has confirmed that it has moved closer to completing its full acquisition of William Hill’s international non-US assets, predicting closure of the acquisition in Q1 2022. In an update this morning, the FTSE250 gambling group confirmed that it has secured mandatory antitrust and pre-completion gaming regulatory clearances, paving the way for finalisation of the takeover. Confirmed on 9 …

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