Ted Menmuir

Haddad pressed to name President of Brazil Bets Secretariat

SBC News Haddad pressed to name President of Brazil Bets Secretariat

Pressure mounts on Fernando Haddad, Brazil’s Minister of Finance, to name a President of the Secretariat of Bets and Prizes, an appointment needed to finalise the launch of Brazil’s federal sports betting marketplace. In Congress, frustration mounts as the Ministry of Finance has yet to publish the final schedule to launch the ‘Bets’ regime as authorised on 2 January by …

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News International eyes Racing Post takeover

SBC News News International eyes Racing Post takeover

News International, the publisher of The Sun and The Times, is in negotiations with the owners of the Racing Post over a potential acquisition of the UK’s ‘horse racing bible’, SBC and Gaming&Co can reveal. The Racing Post is part of betting media, content and data provider Spotlight Sports Group, which is owned by private equity fund Exponent. Taking over …

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OPAP sets €2bn revenue record but tax burden dims profit results 

SBC News OPAP sets €2bn revenue record but tax burden dims profit results 

OPAP SA states that it has established a new benchmark for its business, generating more than €2bn in corporate revenues. The Athens-listed gambling group published its full-year 2023 accounts, in which revenue results amounted to €2.08bn, up 7% on FY2022 comparatives of €1.93bn. The record-breaking figure was achieved off the back of stellar Q4 trading, as OPAP’s “Q4 2023 GGR …

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Lottoland upgrades customer compliance duties with DoTrust

SBC News Lottoland upgrades customer compliance duties with DoTrust

Compliance specialist, The Department of Trust (DoTrust), has partnered with lotto betting and igaming operator, Lottoland. Through the agreement, the operator aims to improve compliance and enhance customer service with advanced automation in identifying vulnerable customers, with DoTrust selected following a thorough period of due diligence and evaluation. Michael Byrne, COO at DoTrust, said: “Lottoland is a much admired and significant player …

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Tabcorp CEO Adam Rytenskild resigns over ‘offensive workplace language’

SBC News Tabcorp CEO Adam Rytenskild resigns over 'offensive workplace language'

Tabcorp Holdings has informed markets that Adam Rytenskild has resigned with immediate effect as CEO of the ASX-listed wagering and racing media group. Investors were informed this morning of the immediate departure of Rytenskild who faces “allegations of using ‘inappropriate and offensive’ language in the workplace.” Tabcorp said its board considered the language used by the CEO to be inconsistent …

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UKGC to close ‘business as usual’ consultation on Friday

Sarah Garnder: UKGC consultation conclusions due this summer

The UK Gambling Commission (UKGC) has reminded stakeholders that the consultation on proposed changes to the Licence Conditions and Codes of Practice (LCCP) duties and enforcement policies will close on Friday, 15 March 2024. The UKGC launched the consultation on 15 December 2023, seeking feedback on the transparency of financial penalties and the financial key reporting duties outlined in the …

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DGOJ launches whistle-blower Portal of SIGMA Programme

SBC News DGOJ launches whistle-blower Portal of SIGMA Programme

DGOJ, the Gambling Directorate of Spain, continues to strengthen the sports integrity provisions of the ‘SIGMA programme’ against match-fixing and sports manipulations. As announced this week, the DGOJ has launched a ‘notification portal on sports manipulations’ co-developed with SIGMA partner CONFAD – Spain’s network of pro-sports stakeholders combatting match-fixing and criminality in sports. The notification portal will serve as a …

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Experts Table: Gambling needs a sanity check on data discipline & business intelligence

SBC News Experts Table: Gambling needs a sanity check on data discipline & business intelligence

Data management and business intelligence have been determined as the vital disciplines for all gambling-related businesses to maximise margins and reduce costs needed to compete in a cutthroat market. Yet, despite AI innovations, gambling’s value-chain has become more convoluted in its data frameworks and processes. Hence incumbents require an intelligent approach beyond data collection, to benefit from a data-driven culture …

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Entain brings ‘Wall Street Pro’ Ronald J. Kramer as NED

SBC News Entain brings 'Wall Street Pro' Ronald J. Kramer as NED

The board of Entain Plc has announced the appointment of Ronald J. Kramer as a new Independent non-executive director (NED) of the FTSE 100 gambling group with immediate effect. An expert in corporate finance and asset management, Kramer is the current Chairman and CEO of Griffon Corporation (NYSE:GFF), a diversified management and holding company headquartered in New York. During his …

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GGL stands by disputed research of Gambling Survey 2023

SBC News GGL stands by disputed research of Gambling Survey 2023

Glücksspielbehörde (GGL), the Federal Gambling Authority of Germany, has stood by the findings of the Gambling Survey of 2023, emphasising its role in providing a ‘facts-based approach’ to the development of Germany’s Fourth Interstate Market (GlüNeuRStv). The Authority states that it now has the relevant data and insights to make year-on-year assessments of the GlüNeuRStv market since its launch on …

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