Ted Menmuir

Stable CIRSA refinances corporate debt bonds  

The board of Grupo CIRSA has announced that it has agreed to terms on a new €615 million debt-bond placement, helping the Spanish gambling group improve its financial liquidity by refinancing its previous debt arrangements.    The bond placement will carry an annual interest rate of 4.5%, with its maturity clause triggered from 2027 onwards, and has been underwritten by the …

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Betsson seeks new CEO as Lindwall completes turnaround objectives 

The board of Betsson AB has informed that it has begun an executive search to find a replacement for Group Chief Executive Pontus Lindwall. The leadership succession has been authorised as Betsson’s board concludes that Lindwall has achieved all objectives of the group’s ‘Back on Track’ strategy under his stewardship. In September 2017, Lindwall re-took leadership of Betsson as the …

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Raketech amplifies sports inventory with €16m QM Media buyout 

Raketech Plc has agreed to acquire QM Media, finalising a deal valued at €16 million, to boost the sports media inventory of its publishing network. This afternoon, Raketech confirmed that it had agreed to acquire QM Media and its P&P Vegas North American subsidiary outright.   Deal terms will see Raketech pay €9 million in cash upfront, with the remainder of …

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William Hill’s Evoke ordered to re-verify its Swedish customer base  

William Hill records further Swedish compliance struggles, as its Evoke Gaming subsidiary is demanded to re-verify player accounts registered during 2019 by gambling inspectorate Spelinspektionen. An investigation by Spelinspektionen outlined a number of verification discrepancies related to customers registered by Evoke brands during the period of January-to-July 2019. Spelinspektionen’s investigation focused on Evoke’s management of its licensing duties, in which …

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UKGC records stable July activity but concerns appear on higher slots engagement 

consultation

The UK Gambling Commission (UKGC) has recorded a ‘stable July’ as it continued to track the activity of the online gambling sector under COVID-19 circumstances.  Publishing its latest online monitoring report gathered from operator data, the regulator revealed that July registered 11.3 million active players, matching June results. July’s active player numbers remain well below the Peak +12 million recorded …

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Nadine Dorries to lead DCMS as gambling judgements loom

PM Boris Johnson has called for a change of leadership at DCMS, appointing Nadine Dorries as new Culture Secretary, replacing Oliver Dowden. Called to Number-10 this afternoon, Dorries the MP for Mid-Bedfordshire was confirmed as DCMS new leader, promoted from her previous role as Minister of Mental Health for the Department of Health and Social Care. The Ministerial reshuffle, saw …

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Malta moves forward with Action Plan to repair its AML status  

The government of Malta has published its action plan to drastically improve AML safeguards and financial compliance duties that have plagued the country’s status as a financial services hub.  The action-plan has been required by the Financial Action Task Force (FATF) of the G7, which this summer placed Malta on its ‘grey-list’ of untrustworthy financial jurisdictions. An FATF evaluation of …

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GamCare spikes in helpline calls following Paul Merson GMB interview 

GamCare has reported that its helpline registered a sudden influx in calls yesterday following Paul Merson’s interview on ITV’s Good Morning Britain (GMB) show.  The former Premier League footballer revealed his lived experience with gambling addiction and its harmful consequences on family and loved ones. Merson broke down in tears during the interview, revealing that he had relapsed on his …

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Tech focus: making the most of the cloud

With the impact of the pandemic on the gaming industry and the wider world, the scalable tech and infrastructure costs that come with using the public cloud has become more than just a desirable long-term goal to many gaming operators, but a matter of increasing urgency. The ability to scale and flex instantaneously based on customer demand, be versatile in …

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