Tag Archives: Sisal

Flutter calls on Betfair Cluj recruitment drive to support global IT expansion

Flutter Entertainment has disclosed to Romanian media that it seeks to recruit 500 new software developers and IT engineers to join its Betfair Cluj Napoca tech hub. The FTSE100 betting group has operated its Cluj tech hub since 2015, established by its Betfair business ahead of the subsidiary’s £4 billion merger with Paddy Power – a transformative deal that laid …

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Italy: Points of conflict stand on path to gambling reorganisation 

Italian gambling has been notified of progress on the regulatory front, as state auditor Ragioneria dello Stato has approved the draft ‘reorganisation plan’ of the sector prepared by Italy’s Ministry of the Economy and Finance.  Securing its progress, the plan has been forwarded to the government, which will review proposed amendments to ratify a bill that will be designated to …

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Flutter bears £288m loss as FY2021 stumbles on Stars M&A impairment

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure of £772 million.  In particular, …

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UKGC hits back at Daily Telegraph citing Camelot as ‘Bid favourite’

The UK Gambling Commission (UKGC) has issued a statement to dismiss reports claiming that Camelot Group is its ‘preferred bidder’ to win the Fourth National Lottery Licence Competition. The response was issued in light of an article published yesterday by The Daily Telegraph title “Camelot hits National Lottery jackpot” – that claimed the commission had recommended to PM Boris Johnson that …

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Camelot favoured to keep National Lottery contract

The UK Gambling Commission (UKGC) is reported to favour Camelot Group maintaining its position as steward of the National Lottery. The Daily Telegraph, this morning reported that the Commission would notify to PM Boris Johnson that “the current operator as the best incumbent to manage government’s lucrative contract”. Camelot has served as the operating company of the National Lottery since …

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PokerStars launches multi-product offering in Greece

PokerStars has made its multi-product offering  available in Greece under the terms of a full operating licence from the Hellenic Gaming Commission (HGC). The licence, secured in July of last year, enables the Flutter Entertainment firm to operate sports betting and gaming products, launching the PokerStars, PokerStars Sports and PokerStars Casino brands. PokerStars offering will therefore include sports betting wagering, …

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Flutter moves ahead with M&A strategy as Tombola acquisition completed

Flutter Entertainment has announced the finalised acquisition of Tombola, as it completes its second major takeover in as many months to continue its M&A focus into 2022. Detailing its ambitions following the merger, the FTSE100 gambling group has emphasised that Tombola will deliver ‘key strategic advantages’ as part of its wider portfolio of brands, in particularly diversifying its products. Additionally, …

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Campaigners call for National Lottery restructuring due to good causes funds

Gambling reform advocates, including MPs, have called for an overhaul of the National Lottery – specifically in relation to the funding of good causes according to The Guardian. The outlet has reported that politicians such as Sir Iain Duncan Smith have called for a fixed percentage of the National Lottery operator’s revenue to be directed towards civic causes.   With the …

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Andrew Rhodes’ role at UKGC reportedly set to become permanent

Interim UK Gambling Commission (UKGC) CEO Andrew Rhodes is reportedly set to take on a more permanent role at the regulatory body, according to The Guardian. The newspaper reported that the government has made the decision due to Rhodes’ commitment to cracking down on ‘recidivist behaviour’ by betting and gaming operators, ahead of the publishing of the 2005 Gambling Act …

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CVC strengthens Belgian position by supporting Gaming1 expansion

CVC Capital Partners has partnered with Gaming1, the Belgian Ardent Group’s entertainment brand, supporting the next phase of the latter’s growth strategy.  As a result of the collaboration between CVC and Gaming1’s majority shareholders, the US-based global investment firm will provide the international gambling group with ‘expertise’ to support its growth strategy.  Gaming1 is currently active in nine countries, including …

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