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888 Holdings has detailed a positive start to year trading, as the LSE gambling group prioritises the objectives of its Value Creation Plan (VCP). Publishing a Q1 trading update, 888 revenues stand at £431m, with results tracking slightly above the £420-430m guidance outlined by FY23 Results on 26 March 2024. Improved headline results carry notice that “the Group continues to …

New developments in Brazil see the Secretariat of Awards and Prizes (SPA) publish the ‘Normative Ordinances’ related to payment authorisations, required to establish the general rules that operators of sports betting and online gaming in the country must abide by for financial transactions. Titled as ‘the Payment Ordinance‘, the framework dictates that deposits, withdrawals, and prize payments can only be …

Rank Group Plc trades with confidence as both its venue and digital business segments maintain revenue and Key Performance Indicator (KPI) growth. This morning the London Stock Exchange (LSE) gambling group published its Q3 2023/2024 trading statement (period ending 31 March), informing investors that year-to-date net gaming revenues (NGR) stand at £555m, up 8% on 2022/2023 comparatives of £512m. Headline …

Entain Plc remains focused on accelerating operational efficiency, aiming to return its business to growth by 2025. Publishing its Q1 2024 trading update, the FTSE100 gambling group stated that its “performance aligned with expectations,” with leadership prioritising operational performance improvements to drive organic growth. Period trading saw group net gaming revenues (NGR), including the BetMGM JV, increase by 6% on …

After a lengthy off-season spanning the entirety of Q1, the Brazil Serie A campaign finally got underway at the weekend. One of Latin America’s most-watched leagues, Serie A will captivate a nation which is hooked on football and celebrates the sport as a cultural cornerstone rather than a hobby or pastime.  The 2024 season will throw up several intriguing storylines. …

The Ministry of Finance of Brazil has outlined plans and a timetable to establish the regulatory policy of the Prizes and Betting Secretariat (SPA), the government agency that will serve as the regulatory authority of the betting market. Latest developments to progress the launch of the betting market, establishing a federal sports betting and online gambling marketplace in Brazil, saw …

The Supreme Court of Spain has ‘partially annulled’ certain articles of the Royal Decree on Advertising, the mandate which imposed federal restrictions on gambling advertising across Spanish media. The Royal Decree was the headline measure of former Minister of Consumer Affairs, Alberto Garzon, who in 2020 was appointed by Spain’s PSOE-coalition government to oversee the federal reform of Spanish gambling …

Romania’s gambling sector faces further upheavals, following Parliament’s approval of an executive order by Prime Minister Marcel Ciolacu to enforce ‘Legea Păcănelelor’ (The Pannel Law).  Yesterday, PM Ciolacu declared a victory for Romania’s PSD-&-PNL coalition government, who secured approval to implement a ban on “gambling localities in towns with less than 15,000 registered inhabitants”.  The law was authorised by a …

GambleAware has initiated an invitation to tender for a partner to undertake the “Evaluation of the Effectiveness of the National Gambling Support Network (NGSN).” The tender is deemed a significant project by GambleAware, which will commission a learning and evaluation partner to carry out an evaluation that delivers independent, actionable, and robust insights into the effectiveness of the National Gambling …

The UK Gambling Commission (UKGC) has vowed to provide stakeholders with better evidence to ensure better outcomes for consumers and the public engaging with gambling. The need for better evidence and enhanced data collection was outlined by the Commission’s launch of its new corporate strategy for 2024-27 tailored to adopt the recommendations set out in the government’s White Paper High …