Tag Archives: COVID-19

Martin Lycka – Torn souls of the great regulatory game

GVC Holdings’ Director of Regulatory Affairs Martin Lycka offers an insight into the lives of the gambling industry’s regulatory experts.  _________  ‘Hic sunt leones’ –  here are lions, is a phrase used in times gone by to denote unknown territories on maps. At the time of its first visionaries, there would have been no easier task than drawing a regulatory …

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Cloudbet reactivates ‘zero margin odds’ for the US Open

Crypto sportsbook Cloudbet has relaunched it’s signature ‘zero-margin odds campaign’ for this September’s US Open grand slam tennis tournament at Flushing Meadows in New York, where Novak Djokovic and Serena Williams head the market. Having rolled out the zero-margin offer to immediate and demonstrable effect over the COVID-19-disrupted English Premier League football season, the firm is again deploying its blockchain …

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Better Collective cautious on quick recovery as COVID drags growth momentum

Better Collective

Better Collective has highlighted the strength of its digital business model in mitigating the impacts of COVID-19, as widespread sporting cancellations hindered performance during Q2. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Publishing its interim results for the period 1 April – 30 June, Better Collective noted a 4% decline …

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DraftKings CBO – Industry ‘only just scratched the surface’ of US sports betting

Ezra Kucharz, Chief Business Officer at DraftKings, believes there are still big things to come from the US market when it comes to sports betting and told audiences at the SBC Digital Summit North America that the industry can play a huge role in fan engagement for US sports while they are unable to allow spectators at games. “What is …

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GVC aims for highest standards operating in an uncertain world

Sports betting is beginning to return ‘in-line with expectations’ as live sports resume across all markets, said Barry Gibson, Chairman of GVC. Making his first public statement as Chairman, Gibson praised the COVIbetting group’s ability to respond ‘swiftly’ to the closure of its UK retail estate following government-imposed lockdown measures. The GVC Chairman also lauded the operator’s ability to meet …

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Casinos left in the cold by Boris’ final easing orders

UK Casinos have been excluded from the government’s list of leisure and hospitality venues that will be allowed to reopen for business on 4 July. In the House of Commons this afternoon, Boris Johnson announced  a series of final lockdown easing measures for businesses across England, in which pubs, restaurants, cinemas and hairdressers will be allowed to reopen providing they …

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Online casino on “strong footing” to absorb live sports return

online casino

SBC News caught up with Soft2Bet CEO Boris Chaikin to discuss whether the recent spike in online casino activity during the break from live sports events could be sustained as Europe’s biggest football leagues kick back into action. Chaikin was asked if the traffic for online casino games – beneficiaries of the COVID-19 pandemic (at least relative to sports betting) …

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DCMS: UK gambling divided on COVID-19 business resilience

A business survey carried out by the Department of Culture, Media and Sport (DCMS) has revealed that UK gambling firms have been divided in their response to Coronavirus restrictions, with only one-third of corresponding companies accessing government support. DCMS’ survey, entitled The Coronavirus Impact Business Survey, suggested that the majority of gambling companies were land-based, however the specific details of …

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Italian betting begs for mercy on final Revival Decree conditions

Italy’s 6,000 betting shops reopened this Monday (15 June) to yet another ‘new dawn’ facing the government’s additional 0.5% wagering tax applied across all betting-related verticals (retail, digital and virtual sports). The temporary GGR tax is calculated on betting turnover and will be combined with existing net betting duties of 20% for retail, 22% for virtual games and 24% for …

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Kenneth Alexander: Industry’s regulatory future is in-play as live sport resumes

GVC Holdings CEO Kenneth Alexander has issued a public statement to Parliament, as sportsbooks return to trading on the majority of major sports betting markets. Writing for Politics Home, Alexander emphasised that while a post-lockdown period brings with it an opportunity to promote a wide range of betting markets, gambling companies must not become ‘complacent’ in its responsible gambling measures. …

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