Tag Archives: russia

The Securities and Exchange Commission (SEC) has disclosed that Flutter Entertainment has agreed to pay a $4m fine to settle violations of the US Securities Exchange Act. The settlement was disclosed this morning by the SEC, and relates to Exchange Act breaches committed by Flutter’s igaming subsidiary PokerStars business activities within Russia. An investigation by the US financial markets watchdog …

1XBET has vehemently denied reports that its Curaçao licence has been suspended and that its business remains active in Russia.  The Cyprus-headquartered betting group issued a statement denying claims made by Josimarfootball.com, which stated that 1XBET’s Curaçao business had been declared bankrupt by the Supreme Court of the Netherlands.  In its response, 1XBET branded the Josimar football blog as a …

The narrative that gambling would see a ‘return to normalised trading’ was short-lived by 2022’s rude awakening, as once more, business was forced to adjust to the realities and concerns of a globalised world.  2021 ended on the unsatisfactory note that the UK government had failed to deliver its White Paper of gambling reforms, which would be delayed to the …

Anton Kuchukhidze, Chairman of the Ukraine Gambling Council (UGC) has provided an update on Ukrainian gambling developments under the active Russian aggression.   Speaking to CIS markets news sources SBCCIS, Kuchukhidze disclosed that regulator the UGC had re-established its regulatory duties five months following Russia’s illegal invasion of Ukraine. UGC  oversees a marketplace that has been severely disrupted by the …

Mark McGuiness, Head of Marketing and Casino at The Football Pools, says that global events and the upcoming review of the UK Gambling Act will change how bettors bet, with many consumers looking for big wins from small stakes and with established brands they can trust… You only have to take a quick look at the news headlines to see …

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

Further troubles loom in the CIS region as Shavkat Mirziyoyev, President of Uzbekistan, has withdrawn his support for a decree to establish a national framework legalising betting activities.    Last week, local media reported that Mirziyoyev would no longer back plans for Uzbekistan to launch its first legislative framework establishing federal laws for ‘sportsbook and sweepstake’ services. Back in December 2019, …

Marathonbet has this afternoon communicated that it will withdraw its presence from the UK betting market.  The pan-European sportsbook issued an email to its UK customers stating: “We regret to inform you that we have taken the decision to temporarily suspend our Marathonbet.co.uk website.” Customers were informed that from 14 April 2022, Marathonbet.co.uk will no longer accept bets or deposits, …

Parimatch Tech has doubled the amount of financial assistance it is providing to Ukraine from UAH 30 million to UAH 60 million – approximately €1.8 million. The international sports betting company has stated that it spent the first UAH 42 million: UAH 39 million on ammunition and three million on medicines, clothing, foodstuffs and logistics. The next UAH 18 million …

Organisations within the gaming industry have been working together to launch a major fundraising push to help people displaced by the current military action in Ukraine.  The Gaming Industry for Ukraine initiative aims to raise £250,000 to support Choose Love’s Ukraine Crisis Fundraiser, which supports projects providing vital aid to the refugees that are being created by Russia’s incursion into …