Tag Archives: Germany

Gauselmann Group appoints Sascha Blodau as UK General Manager

German slot manufacturer Gauselmann Group has announced the appointment of Sascha Blodau as new UK General Manager. Gauselmann Group announced that it had created the role, as the UK becomes a more significant market for its operations and corporate revenues. Blodau had been appointed effective since 1 August 2015 and will be based out of Gauselmann Westphalia Office. Gauselmann operations …

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Tipico owners eye potential € billion sale

The Wall Street Journal (WSJ.com) has reported that the private owners of German focused sports betting operator Tipico Ltd are preparing to sell the company The Malta operated online betting firm, whose key target markets are Germany and Austria is reported to have appointed JP Morgan and Rothschild as deal advisers, who will begin to sound out options. The news source further …

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mybet issues profit warning as platform costs grow

Frankfurt Xetra listed bookmaker mybet Holdings SE, has issued a profit warning to the market stating that it expects to post a higher operating loss for its 2015 financial performance. Issuing a brief statement the operator detailed that it had broadened its EBIT forecast of -€500,000 to a negative single € million loss for 2015. The bookmaker led by new CEO Zeno …

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Racebets.com gains first German horse betting licence

German racing operator RaceBets.com has announced that it is the first firm to gain a horse betting licence by the German regulatory authority. The current horse betting laws were introduced in July 2012 and RaceBets are the first German bookmaker to fully comply with the new regulations. Patrick Byrne, RaceBets’ Managing Director, commented on the licensing  “We are delighted and exceptionally …

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ECJ delays German online betting framework review

The investigation by the European Court of Justice (ECJ) into Germany’s online sports betting regulatory framework developed by the Hesse Ministry of Interior and Sports (HMDIS) appears to have been delayed. An expected report on the ECJ findings regarding the make-up of the HMDIS framework, which has excluded a number of international operators from gaining online betting licenses, was expected …

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Revenues drop but EBITDA up for Bwin.party’s H1

Bwin.party CEO Norbert Teufelberger has not ruled out recommended a takeover offer from GVC Holdings, but wants the firm to work on its bid. Until then, the board is continuing to support 888 Holdings’ original bid. He commented: “We have been working with GVC and their advisors to try and help them resolve certain key aspects of their proposal, something …

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Racebets gains UKGC betting licence

German racing betting specialist RaceBets has confirmed that it has been granted a full UK Gambling Commission (UKGC) remote operator licence. The racing focused bookmaker will be allowed to offer sports betting provisions and services to UK consumers under UKGC conditions. Operating in the UK since 2012, RaceBets will look to bolster its UK race and services offerings in the …

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bettingexpert – bet365 best bet for Bundesliga in week 1

bet365 was the leading destination for tipsters on the opening weekend of the 2015/2016 Bundesliga Championship, according to European sports tipping portal bettingexpert.com. A hard fought opening weekend of Bundesliga action by online bookmakers saw bet365 (12.9%) edge Unibet (12.2%) as most active bookmaker for bettingexpert’s tipsters (see table below). Giving insight into betting market value and player engagement, bettingepxert …

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Decreased player activity & margin impacts hinder mybet H1 2015 performance

A decline in player activity has impacted German sports betting operator mybet SE H1 2015 performance. Issuing a corporate update (period ending 30 June), the operator would record a 5.5% increase in group revenues to €36.3 million (H1 2014 – €34.4 million). The increase in group revenues did not translate to positive earnings and profits performance which saw the operator …

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bet-at-home confident of hitting 2015 targets following 79% earnings boost

Updating the market on its H1 2015 performance, European sports betting operator bet-at-home AG has announced increased EBITDA earnings of €16.6 million up 79% on 2014’s H1 €7.2 million records. Company governance stated that its strong earnings performance, had been driven by improvements in revenue and operational efficiency. bet-at-home would record a gross revenue increase of 6.9% to €57 million …

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