The governance of UK independent bookmaker Betfred has confirmed that it has completed a £195 million refinancing package. The financing comes as Betfred moves to complete its £55.5 million acquisition of 322 retail betting shops from newly merged FTSE enterprise Ladbrokes Coral. The bookmaker’s senior debt package has been supported by a four UK banks – RBS, Barclays, Lloyds and …
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International auditor and consultancy KPMG has published an eGaming specific industry report detailing current sector trends, risks and challenges as part of its ‘KPMG eGaming Summit’ (8 September Isle of Man). The 70-page report sponsored by Continent 8 Technologies, features a detailed summary of all the sessions from the day which covered everything from the market’s view of the sector …
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Golden Race, a developer of cutting edge and unique virtual betting products, has been shortlisted for an innovation category at the Global Gaming Awards. The firm’s jaw dropping Real Fighting game, which uniquely features real MMA fighters competing in digital environments, is in the running for the Digital Gaming Innovation of the Year award. Real Fighting was launched to great acclaim …
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The Remote Gambling Association (RGA) has announced that it has retained the services of KPMG to undertake a scoping study which will shape the development of the National Online Self-Exclusion Scheme (NOSES), and to advise the RGA during its implementation process. The aim of NOSES, which should be in place by the end of 2017, is to provide consumers with …
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SiGMA has made conference partnerships with KPMG, BiG Foundation, iGaming Academy and MGA, as well as Random Consulting’s Mario Galea and Aideen Shortt, ahead of its upcoming event in Malta. SiGMA is part of the much anticipated Malta Gaming Week, which gets underway on November 12. The summit itself will take place between the 16th and 19th, with all iGaming company …
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UK business news sources have reported this weekend that William Hill has approached KPMG consultancy to undertake a strategic review focusing on the company’s digital and technology operations. The consultancy review follows William Hill’s may financial update which saw the operator post an 11% net revenue decline in its digital division, with the company further detailing product declines in both …
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UK business news sources have reported this weekend that William Hill has approached KPMG consultancy to undertake a strategic review focusing on the company’s digital and technology operations. The consultancy review follows William Hill’s may financial update which saw the operator post an 11% net revenue decline in its digital division, with the company further detailing product declines in …
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KPMG Isle of Man has announced the speaker line-up for its sixth annual eGaming Summit, which includes major international industry experts as well as key representatives of the local eGaming cluster. This year’s Summit will take a closer look at industry developments over the last 12 months and explore other elements that make the sector tick. There will once again …
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More than 50 companies have shown interest in acquiring all or parts of failed forex and spread betting operator Alpari UK. London business news sources report that Alpari’s Japanese and Russian trading arms are of particular interest to potential buyers of the company. Alpari who entered administration under auditor KPMG on 20 January, hope that the takeover interest from buying …
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The Local Authority Pension Fund Forum (LAPFF) has called for Betfair to appoint ‘new independent directors’, to investigate the operator’s dividend payments over the past three years. The LAPFF have additionally asked for a further investigation of Betfair’s auditors KPMG and a review of Betfair corporate governance. Betfair investors received the strongly worded letter from the LAPFF this weekend, questioning …
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