Tag Archives: MRG Group

William Hill closes year of tough calls recording £700m losses

Changing UK gambling dynamics see FTSE250 bookmaker William Hill Plc report operating losses of £721 million, closing its full-year 2018 accounts. In its end-of-year statement, the betting group accounts for combined exceptional costs totalling £922 million. These include the ‘one-off’ £880 million retail impairment charge, confirmed during Q3 2018 trading, following the UK government’s ‘Triennial Review’ judgement lowering FOBTs stakes to a …

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Dutch KSA increases illegal online gambling fines as part of policy review

Dutch regulator Kansspelautoriteit (KSA) has upped its minimum illegal online gambling sanctions from €150,000 up to €200,000 following the decision from the country’s Senate to approve its Remote Gaming Act. The fines, which come into force today, may be subject to change depending on the number of illegal sites and games as well as the number of bonuses and prizes …

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William Hill appoints Robin Terrell as corporate Audit & Risk chair

FTSE bookmaker William Hill has moved to restructure its governance executive frameworks, confirming that Robin Terrell has been promoted as new chair of the firm’s corporate Audit & Risk Management Committee. Effective from 4 March 2019, Terrell will replace current Audit Chair David Lowden, who as previously announced will step down from the bookmaker’s board by March 2019. A commercial …

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William Hill secures all regulatory greenlights for MRG €270m acquisition

The governance of FTSE250 bookmaker William Hill Plc has this morning confirmed that it has secured approval of ‘all necessary authorities across related jurisdictions’, to complete its €270million acquisition of Stockholm-listed MRG Group. The transaction which has been approved by MRG governance was first propositioned on 31 October 2018, with William Hill seeking to boost its European regulated markets profile, …

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Philip Bowcock – Global vision will reshape William Hill

William Hill Chief Executive Philip Bowcock has stated to investors that his tenure will reshape the UK legacy bookmaker into a ‘digitally led and internationally diverse gambling business’. Speaking at the FTSE firm’s ‘Capital Markets Day’, Bowcock outlines the three strategic areas that will drive William Hill’s corporate turnaround, seeking to completely transform the bookmaker by: – Driving digital growth …

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William Hill presents its global future prospects amid UK woes

Publishing its latest trading update (17-43 week period ending 28 October), FTSE250 William Hill Plc details ‘rapid US progress’, however, the betting group cannot escape its UK woes. Despite progress on its digital agenda, William Hill’s 2018 trading has been impacted by negative sporting results and further group-wide adjustments undertaken to counter a tougher UK regulatory environment. Continuing its digital …

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MRG Group’s effective enlargement sees strong start to 2020 journey

MRG Group (legacy Mr Green&Co), the third Stockholm-listed industry enterprise to publish its Q3 2018 trading update today, details strong progress on its diversification and geographic expansion initiatives. Detailing a further consecutive ‘record-breaking’ quarter performance, in which MRG records a 50% group revenue increase to SEK 445 million (€43 million). The Stockholm enterprise details a period of high customer activity, …

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GiG secures UKGC B2B licence for sports betting modules

The UK Gambling Commission (UKGC) has granted Oslo-listed online gambling firm Gaming Innovation Group (GiG) the right to service industry sports betting platform and systems’ provisions at a B2B level. Updating the market, GiG governance confirms that it has secured a complete UKGC B2B licence, which will allow the Oslo enterprise to service its existing white label partners and external …

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GiG Comply to ensure Mr Green receives traffic “in a compliant and green way”

Mr Green CEO Jesper Kärrbrink hopes the firm’s partnership with the newly-launched GiG Comply can ensure that traffic coming to the brand does so “in a compliant and green way”. Gaming Innovation Group (GiG) launched B2B marketing compliance technology GiG Comply with the aim of responding to operators’ needs to further strengthen control over third-party advertising and brand protection. GiG …

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Mr Green bolsters Russia 2018 inventory with Colossus Bets’ Super 8 Jackpots

Mr Green has confirmed the launch of its new betting pools inventory– ‘Jackpot Bets’ in partnership with Colossus Bets, strengthening its World Cup Russia 2018 betting proposition. Stockholm-listed MRG Group’s flagship Mr Green brand will launch an initial ‘5 pool – £5 million Super 8 Jackpots’, for Russia 2018. Mr Green’s betting pool inventory will be further supported by a …

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