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Veni vidi vici…LeoVegas acquires Winga Italia for €6 million

  Stockholm Nasdaq-listed Leo Vegas Group (LeoVegas) has today announced that it has completed its first corporate acquisition by agreeing terms to purchase licensed Italian online casino operator Winga.it. Updating investors, LeoVegas governance has detailed that it has agreed a €6.1 million cash consideration to buy Winga.it and its related assets outright. In its acquisition note, LeoVegas detailed that Winga.it ... Read More »

Cherry Gaming promotes Anders Holmgren to full CEO

The governance of European igaming operator Cherry AB has confirmed that ‘acting’ Chief Executive Anders Holmgren will take on full leadership duties of the firm with immediate effect. Last January, Holmgren was promoted to the role of interim CEO following the surprise departure of incumbent Fredrik Burvall due to ‘family reasons’. Updating investors this morning Cherry AB governance has moved ... Read More »

Ladbrokes Coral appoints Jason Scott as interim CEO of Ladbrokes Australia

Updating the market, Ladbrokes Coral Plc has confirmed the appointment of Jason Scott as Interim Chief Executive of the Ladbrokes Australia division. Scott’s promotion to CEO is further supported by the appointment of Greg Sedgwick as Non-Executive Director. The confirmed appointments, see Scott a veteran executive of Ladbrokes Australia promoted with immediate effect to interim-CEO, following the departure of Dean ... Read More »

GIG launches Nordic ‘Top 5’ brands Guts.com & Super Lenny for the UK betting market

Oslo-listed Gaming Innovation Group (GIG), has announced that it will launch its popular Nordic facing brands Guts.com and Super Lenny (SuperLenny.com) for the UK market, having gained its official sports betting operator license from the UK Gambling Commission (UKGC). Following its UKGC approval, GIG governance informs that it is now allowed to operate its proprietary brands in addition to third ... Read More »

SIS acquires Newcastle & Sunderland greyhound stadia from William Hill

Industry horse and greyhound racing content supplier SIS has confirmed that it has reached an agreement to acquire Newcastle and Sunderland greyhound racing stadia from William Hill. Confirming the acquisition this morning, SIS governance detailed that the deal ‘underpins the firm’s commitment to ‘provide a strong programme of competitive greyhound racing for the foreseeable future’. Moving forward the Tyne & ... Read More »

Kenyan operators urge congress to stop ‘industry killing’ gambling bill

Kenyan betting stakeholders have warned the government that proposed laws drafted by MP Jakoyo Midiwo may end up stagnating the growing industry and killing off any potential tax revenues. Represented by industry body the Association of Gaming Operators of Kenya (AGOK), representatives have asked the National Assembly to halt Midiwo’s proposed National Gambling Bill, stating that its industry directives were deeply ... Read More »

Malta task force urges government to replace ‘inadequate’ sports integrity laws

Malta gambling, police and sports stakeholders have asked for the government to review national sports integrity laws and policy, as existing legislation is no longer viable within a digital context. A sports anti-corruption task force consisting of Malta Football Association (MFA), Malta Police, the Attorney General and the Malta Gaming Association have presented a draft bill to the government seeking ... Read More »

Sponsorship Spotlight – The rise in ‘one-off’ sponsorship deals in football

Rugby - Copyright: dizanna / 123RF Stock Photo

‘One-off’ sponsorship in football has been thrown into the spotlight this week, as Sun Bets prepare to sponsor the Sutton United shirt for the club’s FA Cup fifth round match against Arsenal on Monday, shown live on BBC One. The UK-based bookmaker, powered by Australian gambling company Tabcorp, will also receive a ticket allocation, full access to the players until ... Read More »

LeoVegas ‘fastest growing organic’ industry enterprise following 2016 revenue & earnings boost

Focusing on its mobile-first strategy, the governance of Stockholm Nasdaq-listed Leo Vegas Group (LeoVegas) has stated that it is the industry’s fastest growing ‘organic operator’. Closing its first full year as a Stockholm Nasdaq enterprise, LeoVegas would declare corporate revenues of €141 million up 70% on corresponding FY 2015 €83 million. LeoVegas governance would attribute circa €60 million in revenues ... Read More »

Multiple compliance failures see Tabcorp pay record AUSTRAC AUS $45 million fine

The Australian Transaction Reports & Analysis Centre (AUSTRAC) has issued Tabcorp Holdings its biggest ever fine of AUS $45 million (£27 million) for ‘extensive breaches’ of national anti-money laundering rules and compliance standards. The fine has been forwarded to the Australian Federal Court for final approval, against Tabcorp NSW and Victoria enterprises which failed in to register AUSTRAC of multiple ... Read More »