Tag Archives: Sky Betting & Gaming

The Stars Group changes corporate structure & debt capacity for Sky Bet acquisition

The Stars Group Inc has moved to restructure its corporate debt facilities, alongside its future operational structure to accommodate its agreed $4.7 billion (€3.9 billion) acquisition of Sky Betting & Gaming (SB&G). Detailing further insight of its industry-changing acquisition, Stars Group governance is set to pay ‘$3.6 billion cash’ to CVC Capital and Sky Plc for SB&G’s entire asset portfolio. …

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David Clifton: Licensing Expert – Dealing with LCCP changes & Key Event reportings

4 April 2018 has seen changes to the Gambling Commission’s Licence Conditions and Codes of Practice (“LCCP”) come into effect for UK licensed gambling operators. The up to date version of the LCCP is available on the Commission’s website, as too is an LCCP summary of the six key changes that have been made. Three of those changes relate to lotteries, …

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Sky Bet fined £1m by UKGC for social responsibility failures

Copyright: gioiak2 / 123RF Stock Photo

Sky Bet is to pay a £1m penalty package for failing to protect vulnerable customers, the Gambling Commission has stated. The regulatory body has detailed that the failures relate to customers who had self excluded from gambling, highlighting three key weaknesses in Sky Bet’s self exclusion scheme, meaning that: 736 self-excluded customers were able to open and use duplicate accounts …

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Tech & Responsibility savvy Sky Bet posts stellar interim results

Independent online gambling group Sky Betting & Gaming (SB&G) has today published its interim results (26-week period 28 December 2017) reporting double-digit growth across its core metrics and product KPIs. The fast growth Leeds-based enterprise, reports period group revenues of £339 million up 47% on 2016/17: £230 million, recording a revenue split of Sky Bet £210 million (2016/17: £133 million) and …

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Sky Bet extends legacy trading partnership with Betgenius

Online gambling group, Sky Betting & Gaming (SB&G) has today confirmed that it will renew and extend its ‘decade-long’ trading and in-play solutions partnership with Betgenius (Genius Sports subsidiary). Updating the market, SB&G will continue to utilise Betgenius trading provisions and market expertise in support of its fast growth Sky Bet online sportsbook. Betgenius has a been a key partner …

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Sky Betting & Gaming selects Candlelighters as charity partner for 2018

Sky Betting & Gaming (SB&G) has selected Leeds based cancer support organisation Candlelighters as its official charity partner for 2018. Candlelighters supports families coping with children’s cancer within the Yorkshire area, providing counselling, clinics, group therapy and financial support. The cancer support charity had been selected by SB&G employees following the successful pitch put forward by Receptionist Chloe Cross, on …

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Richard Flint: Tough conversations needed in order to create a ‘sustainable industry’

Speaking at ICE 2018, Sky Betting & Gaming (SB&G) Chief Executive Richard Flint has urged stakeholders to create a ‘sustainable industry which can be trusted by regulators, politicians, and above all, by our customers’. As an industry executive, Flint has been one of the more vocal leaders at expressing concerns relating to social responsibility. In his address, Flint tells ICE …

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International expansion on the horizon for Yorkshire powerhouse Sky Betting & Gaming

Filing its 2016/17 corporate accounts, Sky Betting & Gaming (SB&G) has detailed a ‘landmark year’ for its operations as group revenues surpassed the + £500 million revenue mark (FY 2015/16: 380 million). The Leeds-based operator claims to be the fastest growing online gambling firm, having increased its customer base to 2.6 million (2015/16: 1.9 million). Closing its 2016/17 year-end accounts, …

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Compelling reasons behind Scientific Games’ NYX & Openbet deal

Scott Longley reports on the potential fallout from the surprise Scientific Games acquisition of NYX Gaming, and its Openbet subsidiary. _________________ It may seem surprising that in a climate of sometime feverish M&A speculation, the potential of a buyout deal for NYX Gaming launched by one of the behemoths of the global gambling provision could have been kept under wraps. …

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Peak Performance…Sky Betting & Gaming migrates Sky Bet Engine to Amazon Web Services

Seeking to gain improved all-around scalability combined with peak operating performance, Sky Betting & Gaming (SB&G) has informed that it has migrated its Sky Bet trading engine onto Amazon Web Services (AWS) cloud computing systems. Having recently built new trading and pricing provisions/components for SkyBet.com, SB&G’s in-house development and engineering teams had trialled Amazon serverless computing modules. By migrating its …

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