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Cost saving GiG shuts down games studio

SBC News Cost saving GiG shuts down games studio

Stockholm-listed Gaming Innovation Group (GiG) has has halted investments in developing its proprietary ‘GiG Games’ studio, with immediate effect. The closure of the studio has been undertaken in order for GiG to reduce operational expenditures, whilst further returning the group to the core focuses of developing technology platforms and further igaming provisions. In its statement, GiG details that the closure …

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Goalbet challenge sees Greek Council revoke OPAP online betting licence

SBC News Goalbet challenge sees Greek Council revoke OPAP online betting licence

Athens-listed gambling group OPAP SA is facing disruption in its home market of Greece following the decision taken by the State Council to revoke the operator’s online sports betting licence. Judges of Greece’s highest-ranking administrative court upheld an appeal made by Austrian operator Goalbet, who challenged the Hellenic Gaming Commission’s (EEEP) licensing approval of OPAP online sportsbook subsidiary Pame Stoixima. The …

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Scott Longley: Health Scare… Politics & Problem Gambling

SBC News Scott Longley: Health Scare... Politics & Problem Gambling

Can betting and its wider stakeholders, find unity and clarity on the urgent matter of defining ‘problem gambling as a public health issue’, or does sector leadership simply face an all too familiar political fallout? _____________________ The debate around problem gambling is an evolving one and the arguments are becoming ever more political. In particularly, the move towards viewing gambling …

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XLMedia confirms departure of Yehuda Dahan as CFO

SBC News XLMedia confirms departure of Yehuda Dahan as CFO

London AIM-listed industry affiliate marketing publisher XLMedia Plc has confirmed that Yehuda Dahan has informed corporate governance of his decision to step down as Chief Financial Officer (CFO) with immediate effect. Updating stakeholders, XLMedia governance has moved to install Liat Hellman, the current financial lead of subsidiary portal Webpals, as his interim replacement. Led by Chairman Chris Bell, the XLMedia …

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Taylor Swift cancels Melbourne Cup performance

SBC News Taylor Swift cancels Melbourne Cup performance

The management of The Victoria Racing Club (VRC) has confirmed that US pop icon Taylor Swift has withdrawn from performing live at the Flemington Racecourse, headlining Melbourne Cup Day (5 November) celebrations. Marked as the singer’s only performance in Australia for 2019, promoting her new album ‘Lover’, Swift had been scheduled to play a televised mini-set at Flemington’s ‘Mounting Yard’ …

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Rank clears UKGC hurdle in takeover of Stride Gaming

SBC News Rank clears UKGC hurdle in takeover of Stride Gaming

Closing trading on Friday 20 September, the governance of London Stock Exchange-listed Rank Group Plc sanctioned a formal update on the firm’s acquisition of London AIM-listed Stride Gaming Plc. Updating deal stakeholders, Rank governance confirms that its shareholder approved £115 million acquisition of Stride Gaming has met the requisites of the UK Gambling Commission (UKGC). In November 2018, Daub Alderney …

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Betclic nets lead sponsorship of FFVB France Volleyball

SBC News Betclic nets lead sponsorship of FFVB France Volleyball

Betclic Group continues to broaden its sponsorship portfolio and wider sports commitment, after confirming that it has become the lead sponsor of The French Volleyball Federation – FFVB. The sponsorship secured through Paris-based sports marketing agency Oconnection sees Betclic replace US nutri-supplements provider Herbalife as official shirt sponsor of Team France Volleyball for both men and women’s sides. Betclic sponsors the …

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Oddschecker ups football reach by acquiring WhoScored

SBC News Oddschecker ups football reach by acquiring WhoScored

Sky Betting & Gaming (Sky Bet) affiliate marketing subsidiary Oddschecker Global Media has expanded its football publishing portfolio by acquiring popular match information portal WhoScored.com. Undertaking an undisclosed sum transaction, Oddschecker adds the high coverage WhoScored portal to its portfolio, securing a leading destination for football live scores, statistics and proprietary player ratings generated by Next-Game Limited. Confirming the acquisition, Toby …

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Betsson secures SEK 1bn bond placement

SBC News Betsson secures SEK 1bn bond placement

Declaring an ‘oversubscribed placement’, Stockholm-listed Betsson AB has secured its target SEK €1 billion (€90 million) senior secured bond transaction. This September, Betsson governance moved to sanction a minimum SEK 500 million (€47 million) bond placement, led by Scandinavian investment banks Nordea and Swedbank acting as joint book-runners. The bonds, placed under a framework of SEK2.5bn, have a tenor of three years and will mature …

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Microgaming to terminate MPN poker network in 2020

SBC News Microgaming to terminate MPN poker network in 2020

Microgaming, a provider of online gambling games and software systems, has today confirmed that it will move to shut down its ‘Microgaming Poker Network – MPN’ in 2020. The Isle of Man technology incumbent details that its decision follows a review of its current product portfolio strategy, which will see Microgaming close one of online poker’s oldest operating networks. Launched …

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