The board of 888 Holdings has notified investors that it has reached an agreement with Caesars Entertainment to amend the terms of its acquisition of William Hill. Citing a change in macroeconomic conditions and regulatory/compliance factors since the deal was initiated on 9 September 2021, Caesars has agreed to lower its enterprise valuation of William Hill from £2.2bn to £1.95/ …
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KYC and AML validation services supplier 1account has claimed that digital ID technology has been broadly welcomed by the UK’s betting and gambling industry for player protection. The company had earlier conducted a consultation exploring the “benefits, opportunities and challenges” of linking player accounts and activities across different operators to a digital ID. Participants in the consultation included online and …
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Colin Cole-Johnson will take the reins of Bede Gaming after being appointed as the company’s new Chief Executive Officer. Bringing with him more than 20 years of experience in the gambling industry, Cole-Johnson joins Bede from Entain where he served as the company’s Gaming Product Director. “It’s a proud moment for me,” Cole-Johnson said. “Bede is a company that I’ve …
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888 Holdings has branded 2021 as a year of ‘strategic progress’, in which the company has realised its transformative objective to become a global leader in online betting and gaming. Full-year 2021 trading saw 888 register record group revenues of $980 million, up 15% on corresponding FY2020 results of $850 million. Headline growth was achieved despite 888 countering “$70-100 million …
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The Financial Action Task Force (FATF) will visit Malta this Friday, to clarify whether the island’s financial authorities have completed the assigned action plan on AML policies. Malta had previously been placed on a greylist of financially risky jurisdictions by the FATF – the G7’s AML and anti-terrorist financing investigative unit – after the task force identified a number of …
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Apollo Global Management is still interested in expanding its foothold in the betting and gaming industry, according to reports from CNBC. The US business news outlet has stated that Apollo is in ‘preliminary discussions’ to merge its Yahoo Sports holding – the investment firm that purchased Yahoo last year – with sports betting companies, notably PointsBet. According to CNBC’s sources, …
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BetCity.nl, the Dutch-facing subsidiary of BetEnt B.V, has fulfilled one of the requirements of its licence conditions, joining the International Betting Integrity Association (IBIA). One of the key criteria of membership of the regulated Dutch online sports betting and gaming market, under the terms of the KOA Act implemented on 1 October, is membership of an international integrity monitoring body. …
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The Racing Post has updated its interactive retail betting shop display, with the goal of offering a ‘new and improved customer experience’ by redeveloping the interface. Updated elements include integrated Racing Post proprietary data, content, full form and tipping, covering UK, Irish, South African, Hong Kong, UAE, US and French racing, with data and content from the first two markets …
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William Hill will stop accepting credit card payments in the Republic of Ireland from Wednesday onwards, according to the Irish Independent. Use of credit cards for betting purposes is currently discouraged in Ireland by the Irish Bookmakers Association (IBA) as one of the principles of the Irish Safer Gambling Code, introduced in August 2021 by the IBA in agreement with …
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GambleAware has published the list of operators which made financial contributions to the responsible gambling charity during the first three quarters of the 2021/22 fiscal year. A total of £16 million was donated to the organisation by UK betting operators, which are requested to contribute 0.1% of their gross gaming yield to the group. Overall, bet365 led the donations list …
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