BetRegal.com, a new sportsbook created to provide its customers with the “highest possible value” in prices, is on the road to Russia for this summer’s FIFA World Cup. In the third diary of this World Cup series, Aly Lalani is talking about overcoming an unexpected hurdle, as addressing localization based issues threatens to dominate the operator’s build up to Russia …
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Kambi Group initiates strategic virtual sports investment
Kambi has announced an enhancement of its sportsbook platform, via a strategic investment in gaming start up Virtus Sports. The deal, concluded for £500,000 (€565,000), sees Kambi take a stake of just over 25% in the firm, with the investment paid in net cash, which as of December 31 of last year stood at €26.9m. Under the terms of the …
Read More »Joseph Cuschieri to depart as Malta MGA Chairman
The Times of Malta has reported that Malta Gaming Authority (MGA) Executive Chairman Joseph Cuschieri will be leaving the gambling regulator to become the first Chief Executive of Malta’s Financial Services Authority (MFSA). The appointment of Cuschieri as MFSA CEO is reported to have been personally requested by Malta Prime Minister Joseph Muscat, with the authority restructuring its operations to …
Read More »Winning Post – GVC hit with heavy fine for misleading adverts
Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. UK: advertising regulation – tough love Amongst the organisations likely to lose out if ever a ban on gambling adverts is instituted is the fines department at HM …
Read More »Catena increases corporate debt structure to €250 million
Updating the market, Stockholm-listed industry affiliate network Catena Media Plc has confirmed the successful placement of a new €150 million senior unsecured bond due for 2021. The update sees Catena governance expand its current corporate debt framework to €250 million ‘new bond loan’, with corporate interest payments reduced from 6.75 to 5.5%. Moving forward, Catena governance will refinance its existing €100 …
Read More »Clean Turkish break costs GVC Holdings €46 million
FTSE online gambling group GVC Holdings has confirmed that it will offload its ‘Headlong Limited’ Turkish business unit relinquishing any payment from the asset. GVC governance undertakes its decision in order to help secure its £4 billion takeover of Ladbrokes Coral Plc, which is currently being reviewed by the UK Competitions & Markets Authority (CMA), which has set a 21 February deadline …
Read More »Videoslots confirms senior games & HR appointments
Malta-based online casino operator Videoslots (Videoslots.com) has confirmed two senior appointments strengthening its day-to-day operations. Updating the market, Videoslots promotes William Ahlberg to the position of Head of Games, Ahlberg has risen through the operator’s wider gaming department over the past 18-months. Ahlberg will now be a key stakeholder for Videoslots games department, leading its community management, expanding existing supplier …
Read More »LeoVegas ups German profile and presence in 2018
Stockholm-listed online gambling group LeoVegas AB has moved to expand its presence within the German market, confirming the acquisition of Malta-based firm World of Sportsbetting Ltd for €2.6 million. The strategic acquisition sees LeoVegas secure World of Sportsbetting assets which holds both a sports betting licence and casino licence in the German state of Schleswig-Holstein. Undertaking the transaction through its …
Read More »Betsson AB seeks to bolster group efficiencies following turbulent 2017 trading
Despite recording a strong end-of-year, Stockholm-listed online gambling group Betsson AB has reported full-year 2017 declines in operating income and earnings, as governance moves to streamline company operations. Publishing its 2017 results, Betsson would record, improved Q4 2017 group revenues of SEK 1,25 billion boosted by favourable sporting results recorded during the Q4 trading period. However, Betsson has had to …
Read More »High flying Catena Media confident of future outlook closing record breaking 2017
Stockholm-listed industry affiliate network Catena Media Plc enters 2018 full of confidence having produced yet another ‘record-breaking performance’for Q4 2017 (period ending 31 December). A strong finish to 2017 trading, saw Catena record Q4 corporate revenues Of €20 million, an increase of 63% on corresponding Q4 2016’s €12.3 million. Updating investors, Catena governance highlighted the firm’s ability to quickly refine …
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