Ted Menmuir

Betsson rewards investors €89m dividends to celebrate Jubilee 2023 results 

Betsson AB CEO Pontus Lindwall

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …

Read More »

Tim Miller: UKGC views competition and choice as a consumer right and protection

SBC News Tim Miller: UKGC views competition and choice as a consumer right and protection

Tim Miller reflected on the journey and the scale of work undertaken on the UK Gambling Act review and its subsequent White Paper consultations as the most comprehensive examination of a gambling market undertaken by a regulatory agency. Many believe that the process of the Gambling Review had been triggered before the Department for Digital, Culture, Media and Sport (DCMS) …

Read More »

Kamer rejects ad-blackout as Dutch ministers back loss limits and tougher penalties   

SBC News Kamer rejects ad-blackout as Dutch ministers back loss limits and tougher penalties   

The mandate to implement a ‘total ban on gambling advertising’ has been rejected by the Kamer of Netherlands. Yet, Dutch ministers maintain that ‘overarching playing limits’ must form part of the government’s ongoing amendments of the Remote Gambling Act (KOA Act). A blanket ban on gambling advertising had been proposed by CDA MP Derk Boswijk. When put to vote yesterday, …

Read More »

Tom Waterhouse: Brazil’s battle on localisation refreshes gambling’s M&A landscape

SBC News Tom Waterhouse: Brazil's battle on localisation refreshes gambling's M&A landscape

Renowned gambling investor and industry M&A strategist, Tom Waterhouse, believes that investor appetite will be replenished by the launch of Brazil’s forthcoming federal sports betting marketplace.   A speaker at the SBC Summit Rio, Watherhouse details innovation and effective localisation strategies as key dynamics valued by investors who are keen to see a domestic champions take on foreign giants, as Brazil …

Read More »

GiG nails down standalone records ahead 2024’s tech & media split 

SBC News GiG nails down standalone records ahead 2024’s tech & media split 

Gaming Innovation Group (GiG) has achieved record-breaking financial results as the tech group moves to split its platform and media units into standalone businesses in 2024. Publishing its Q4 and full-year 2023 results this morning, GiG concluded its final quarter as a combined sportsbook platform and igaming media supplier, achieving ‘all-time high’ revenues of €35.6m, up 37% on the corresponding …

Read More »

GamCare promotes Mark Weiss to Deputy CEO

SBC News GamCare promotes Mark Weiss to Deputy CEO

GamCare has promoted Mark Weiss to the position of Deputy CEO of the gambling harms treatment support and intervention charity. Updating stakeholders, GamCare informed that Weiss will take on the new role alongside his existing duties as GamCare’s Director of Communications and External Affairs. An expert in public health, Weiss joined GamCare in 2022, from the Royal College of Anaesthetists …

Read More »

Lottstift issues influencer warnings to social media platforms 

SBC News Lottstift issues influencer warnings to social media platforms 

Lottstift, the Gambling Authority of Norway, has stated that it will take a zero-tolerance approach to social media platforms promoting online gambling streams and content. The warning follows the regulator’s ‘serious action’ against Schpell.com for broadcasting several Norwegian influencers promoting online casino games, infringing on Norway’s blackout of gambling advertising. Though promoted on Schpell.com’s portal, the illegal streams were recorded …

Read More »

PMU takes on Flutter’s full sportsbook solution 

SBC News PMU takes on Flutter’s full sportsbook solution 

Flutter Entertainment has announced that it will continue its long-standing B2B partnership with PARI MUTUEL URBAIN (PMU), providing a multi-channel sportsbook platform for the French horseracing’s principal betting operator. The B2B unit of Flutter Entertainment has serviced PMU’s sportsbook platform since 2010, a partnership that began under Paddy Power and has been maintained throughout the group’s multiple transitions. Upcoming developments …

Read More »

Catena bets on Tech & AI upgrades to overturn dire FY2023 results

Catena Media

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

Read More »