Tag Archives: COVID-19

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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Chetan Pandya, Pragmatic Solutions: Sticking to the circle of competence

Pragmatic

Chetan Pandya, Chief Product Officer at Pragmatic Solutions (pictured), discusses the importance of strengthening its regulatory compliance standing in Malta, before explaining the evolution of the ‘Onboarding Hub’ resource to deliver more transparency to its partners, and why it is sticking to the “circle of competence” to avoid compromising on quality.  SBC: How would you describe the Pragmatic Solutions business …

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Greek leisure approval sees OPAP return to full capacity

Athens-listed gambling group OPAP SA has returned to full operational capacity after reopening its ‘PLAY’ gaming hall venues across Greece. OPAP has reopened its gaming venues following last week’s approval by the Greek government to allow all leisure enterprises (hotels, restaurants, entertainment venues, etc) to return to business after it eased COVID-19 lockdown restrictions. The decision has allowed OPAP to …

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Tabcorp secures debt interest amnesty for 2020  

Tabcorp Holdings has reached an agreement with its US debt holders which will allow the ASX gambling group to defer payments on its debt covenants.  Last month, Tabcorp communicated that it had entered negotiations with US debt holders to obtain new ‘covenant terms’ on its corporate debt tranche of AUS $2.1 billion, maximising financial flexibility as it looks to navigate …

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Charlie Rowe, NMPi: Prolonged uncertainty during lockdown has demanded flexibility

As governments around the world begin to lift lockdown measures and social distancing becomes the new normal, companies around the world have had to adapt to the new measures in place. Speaking to Charlie Rowe, Head of Industry – iGaming at NMPi by Incubeta, he told SBC that he predicts more land-based companies will shift their operations online and that …

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