Tag Archives: KPMG

Flutter Entertainment Plc has notified markets that it has launched an offering of senior debt notes equivalent to an aggregate principal amount of $1.05bn. The twin-listed NYSE and FTSE gambling group has authorised the transaction for both USD- and EUR-denominated senior secured notes due by 2029. Markets were informed that proceeds from the debt notes issuance will be used to …

Cutthroat competition and new digital consumer habits are increasingly forcing sportsbooks and affiliates to navigate difficult seas when trying to differentiate themselves and attract new audiences. But with extensive experience within the esports segment and digitally-native audiences, Abios and BETER are using their learnings to provide insights into how sportsbooks should be positioned to win the attention of the Netflix …

Esports Entertainment Group Inc (EEG) has confirmed the promotion of Michael Villani to Chief Financial Officer (CFO), effective from 29 August. Villani served as the interim CFO of EEG following the departure of Damian Mathews in January. Prior to this interim appointment, Villani had served as the financial controller for the Nasdaq-listed firm. EEG highlighted Villani’s credentials, noting his nine-year …

The UK Gambling Commission (UKGC) has launched a new ‘test hub’ to facilitate the responsibilities and duties of working with non-licensed entities.  The hub is focused on providing information and guidance on the responsibilities of operators who choose to deal with ‘non-licensed entities’, including white-label partners. Located under the ‘Compliance’ tab, the hub defines the expectations and duties operators must …

The UK Gambling Commission (UKGC) will initiate “two major projects to bolster the responsibilities of licensees in relation to third parties and white label arrangements” according to Deputy CEO Sarah Gardner during her address to the KPMG Gibraltar eSummit on 15 June 2023.  The projects form part of the Commission’s working mandate to put into practice the recommendations of the …

The European Gaming & Betting Association (EGBA) has praised the effective consumer protection measures of its members.  The statement follows the publication of a report by Big-4 auditor KPMG, commissioned by the Brussels trade body which evaluated consumer protection measures offered by various adult online services, including gambling. The report saw KPMG undertake a review of six EGBA members, evaluating …

Andrew Lyman, Gibraltar’s Chief Commissioner for Gambling, has stated that his department is committed to helping the government remove the British Overseas Territory from the Financial Action Task Force‘s (FATF) ‘greylist’ – ‘in the quickest of time possible’.  The statement was made to delegates attending the KPMG Gibraltar e-Gambling Summit this morning, in which Lyman detailed his surprise at the …

Flutter Entertainment has named Deloitte as the auditor for its Paddy Power and Betfair sportsbook brands, according to a report from The Times. Deloitte replaces KPMG – one of its rivals in the ‘Big Four’ auditing firms alongside PwC and EY– as Flutter’s auditor partner, ending a 20 year business relationship. By entering into the agreement with Flutter, Deloitte has …

The Betting and Gaming Council (BGC) has completed the first Training Day for the Gambling Anti-Money Laundering Group (GAMLG), in a bid to drive high standards and encourage best practice. Topics of discussion during the day-long session was consideration of key emerging risks, best practice and developments, which the standards body stated was a reflection of ‘the diversity of compliance …

The board of Entain Plc has informed investors that Peter Isola has chosen not to renew his duties as a Non-Executive Director of the FTSE100. As a result, Isola has chosen to end his six-year tenure as a corporate advisor of Entain Plc on 21 March 2022 to focus on new opportunities. A legal expert in financial services and online …