Entain Plc has announced that the Capital Allocation Committee (CAC) has concluded the strategic review of the FTSE gambling group’s operating structures, global portfolio of brands, and funding. Entain’s board appointed the Committee in January to undertake its review “with the objective of maximising shareholder value and reflecting the operational progress of the business,” as full-year 2023 results declared corporate …
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Georgia aims to ring fence online casino licences
The Republic of Georgia continues to tighten its national gambling laws, announcing new measures on licensing and taxation. This week, Prime Minister Irakli Garibashvili approved new measures to ring-fence online casino licences, which can only be operated by land-based casinos based in Georgia. The decision could see online casino licences limited to the Georgian-domiciled businesses of Adjara Group, Crystalbet and …
Read More »Smartsoft Gaming takes Entain’s igaming offering “to the next level”
Smartsoft Gaming will “elevate the non-traditional offerings” of Entain after agreeing to supply its portfolio of games to the operator. Entain’s “landmark igaming brands” – which includes bwin, PartyCasino and Sportingbet – will also benefit from access to Smartsoft’s flagship JetX title as well as the supplier’s roster of promotion tools. This, Smartsoft explained, will help to engage new and …
Read More »GVC Holdings gains Georgian vision with €41m investment in Crystalbet
GVC Holdings has announced the procurement of a 51% stake in Georgian operator Crystalbet for a €41.3m consideration, with a commitment to obtaining the remaining 49% in 2021. Coming to the agreement with the firms owner Mars LLC, the FTSE listed sports betting and gaming group stated “Crystalbet is the largest online sportsbook, and the second largest online gaming brand …
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