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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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 …
Read More »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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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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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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The governance of European sports betting operator mybet SE Holdings, has accepted the resignation of CEO Sven Ivo Brinck. Brinck will depart from the operator at the end of the month and will be replaced by Zeno Ossko, current Director of Business Development and Commercials. Ivo Brinck had been appointed CEO of mybet in December 2013 replacing Mathias Dahms. As …
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Cherry Gaming governance has confirmed that it has acquired a 71% stake in Malta based igaming operator Almor Holdings for a sum of €4.6 milion. Cherry Gaming will utilise the acquisition to expand its casino services for the German speaking markets. Almor’s principal brands Sunmaker, Sunnyplayer and Kingplayer have established a strong position in their core markets since the business …
Read More »Pressure has been mounting on the Hesse Ministry of Interior and Sports (HMDIS) to restructure and reform its online sports betting framework, as the regulatory body receives further criticism regarding its legislation process. This week, the German Green Party were the latest critics of the framework, stating that HMDIS remove its 20 licence cap and include licensing provisions based on …
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Germany’s slow progress on the integration of its online sports betting framework, is set to face the scrutiny of the European Court of Justice (ECJ), following criticism aimed at the Hesse Ministry of Interior and Sports (HMDIS) processes from numerous stakeholders. The ECJ is set to launch an investigation into the legislation process, which is thought to have collapsed following …
Read More »Games featuring German Cup winners Wolfsburg were predicted to be the most exciting matches last season, according to some of Europe’s best tipsters. Using data extracted from the vast bettingexpert.com tipping network, Wolfsburg’s matches were predicted to contain over 2.5 goals in almost 95 per cent of the tips, with only 5.66% of tips predicting fewer than 2.5 goals. The …
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