Flutter Entertainment Plc has announced this morning that Richard Flint has decided not to stand for re-election as a member of the board of directors of the FTSE 100 global gambling group. The former Chief Executive of Sky Betting & Gaming (Sky Bet), Flint has served as a Corporate Director of Flutter Entertainment, a company formed from the transformative merger …
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The governance of Sky Betting & Gaming (SB&G) has stated that the betting operator has no current plans regarding a corporate flotation. SB&G has moved to dismiss industry rumours, as UK newspaper The Sunday Telegraph reported this weekend that private equity owners CVC Capital Partners were eyeing the floatation of its asset in early 2017. Acquired from UK broadcaster BSkyB …
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Apparently, the governance of the English Premier League (EPL) are in urgent talks with cyber-security experts in an effort to stop fans watching top-flight football on illegal online streams. This matters hugely to the EPL, which has sold rights to live football in the UK to BT Sport and bSkyb for billions on the basis that it attracts the young, …
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Sky Media (Sky) former owners of Sky Betting and Gaming (Sky Bet) has revealed that it earnt £620 (€885 million) from the sale of the online sports betting and igaming operator to private equity investor CVC Capital (first announced December 2014). The deal which was finalised on 19 March 2015, saw Sky sell an 80% controlling stake in Sky Bet …
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The English Premier League will have no title sponsorship from season 2016/2017. Premier League governance decided to no longer seek for a title sponsor for its competition and present itself as a ‘clean brand. The move reflects the organisation desire to mirror major US pro-leagues’ the NBA, MLB, NHL and NFL. The Premier League confirmed that it would not renew …
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Last month, the English Premier League (EPL) sold the rights to broadcast its matches between 2016 and 2019 to Sky Sports and BT Sport for a record-breaking £5.14Bn ($7.92Bn). According to research undertaken by Gaming Economics, betting on the EPL is fast overtaking horseracing as the most popular sporting event of choice by UK punters, with in-running betting (IRB) taking …
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Private equity firm CVC Capital has confirmed the completion of its 80% acquisition stake of Sky Bet from BSkyB. CVC Capital confirmed that its £800 million has been cleared of all regulatory compliances, allowing for the deal to be finalised. Under the terms of the transaction, BskyB has received cash of £600m and a vendor loan note, and will be …
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Equity and investment firm CVC Capital Partners, are set to take a £390 million loan in order to finalise its £800 acquisition of Sky Bet enterprises from BskyB. Under the terms of purchase which were agreed on 4 December 2014, CVC Capital will pay BskyB £600 million in cash and a further £120 million in contingent payments. BskyB will retain …
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BskyB’s agreed buy out of Sky Italia and Sky Deutschland broadcast services, could lead to BskyB’s subsidiary sports betting and igaming brand Sky Bet, entering the European igaming markets. The Deal to incorporate the German and Italian broadcasters from 21st Century Fox, is estimated to be valued at £5 billion (€6.31 / $8.5 billion). If permitted by Italian and German …
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Slot developer Net Entertainment‘s award winning games have been launched and are now available to Skyvegas.com’s player base. Björn Krantz, Chief of GMO and MD at Net Entertainment Malta Ltd, said: “It feels great to be in live operation with Sky Betting and Gaming, a well reputable and recognized player in the UK market. I am confident that our best …
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