European sports betting operator bet-at-home AG continues its strong 2015 momentum recording a 9 month EBITDA profit increase (period ending 30 September) of 28.8% to €23 million (2014 Q1-Q3: €17.2 million). Despite no major summer football tournament, bet-at-home recorded an 8.9% gain in gross gaming/betting revenues to €87.5 million (2014 Q1-Q3: €80 million). bet-at-home governance was pleased to highlight that …
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EiG 2015 last month set a new benchmark for the iGaming industry event as a record number of countries and attendees gathered at Arena Berlin for three days of insight and networking opportunities. Eighty-three countries were represented at EiG 2015 – a huge increase of more than a third on last year’s total of 61, illustrating the increasingly global appeal …
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As expected, the European Court of Justice (ECJ) has stated that Hesse Ministry gambling regulations cannot prosecute unlicensed sports betting operators, due to the fact that German betting laws run contrary to EU business practices and policies. Thursday’s announcement marks a further setback for the progression of online betting in Germany. However several German regulatory stakeholders and industry bodies, had …
Read More »Swiss listed European igaming operator Cherry AB has confirmed that it has increased its majority stake to 75% in Malta based German facing online casino operator Almor Holdings. Cherry AB who acquired 71% of the operator in July of this year for a sum of €4.6 million, released a short statement informing the market of its increased shareholdings which amounted …
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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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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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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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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 …
Read More »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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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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