Ted Menmuir

Soft2Bet cites iGaming Academy partnership as commitment to talent development

SBC News Soft2Bet cites iGaming Academy partnership as commitment to talent development

Casino and sportsbook operator and platform provider Soft2Bet has offered an update on its partnership with global training specialist iGaming Academy, citing the collaboration as an example of its commitment to staff training at every level. Soft2Bet reported that the partnership has enabled it to train its teams at scale and strengthen its commitment to regulatory compliance and excellence. The …

Read More »

PMU joins AFJEL to lobby on reshaping French gambling’s future

SBC News PMU joins AFJEL to lobby on reshaping French gambling's future

SBC correspondent Jake Pollard reports on French racing’s tote monopoly Pari Mutuel Urbain (PMU) joining the AFJEL union to lobby on two key topics. The French tote operator Pari Mutuel Urbain has joined the country’s online gambling trade body AFJEL as part of a move to strengthen lobbying efforts by the industry on two key topics: online casino and the potential shape …

Read More »

Entain concludes messy 2023 on £879m loss as UK/Euro headwinds continue 

SBC News Entain concludes messy 2023 on £879m loss as UK/Euro headwinds continue 

Entain Plc has closed its full-year 2023 accounts declaring corporate losses (after tax) totalling £879m as group leadership proceeds with its transformation programme evaluating the firm’s brand portfolio, capital allocation and operating structures The LSE-listed gambling group announced its FY2023 results this morning, reporting that “results are in line with expectations and leadership is committed to improving operational execution to …

Read More »

Super Group FY2023 dragged by costly US impairments

Super Group

Super Group states that it has overcome a challenging 2023, in which its corporate performance was dragged down by US-specific impairments impacting profitability. This afternoon, the parent company of Betway and Spin brands published its Q4 and full-year 2023 preliminary results, concluding by declaring its “highest ever total revenue for a fourth quarter of €359m,” a 9% increase on 2022 …

Read More »

Genius Sports beats FY2023 targets as 2024 focus turns to profitability

SBC News Genius Sports beats FY2023 targets as 2024 focus turns to profitability

Genius Sports Inc celebrates its eighth consecutive quarter of growth, as its yearly revenue and earnings results surpass market expectations. In its full-year 2023 report released today, Genius Sports announces corporate revenues of $412m, marking a 21% increase from FY2022’s comparative results of $341m. The growth in headline revenues exceeds the NYSE betting technology, media, and data group’s expected revenue …

Read More »

SRIJ Portugal sees 40% increase in gambling self exclusions

SBC News SRIJ Portugal sees 40% increase in gambling self exclusions

 Serviço de Regulação e Inspeção de Jogos (SRIJ), The Gambling Authority of Portugal has reported that online self-exclusion registrants reached 215,000 in the fourth quarter of 2023. The agency noted that while online gaming gross revenue improved year-over-year by over 16 per cent, land-based gaming revenue dropped by almost four per cent. Publishing data for Q4, the SRIJ declared a 16.4 per …

Read More »

SBC Summit Rio: EstrelaBet backs home advantage in opening of Brazil Bets market

SBC News SBC Summit Rio: EstrelaBet backs home advantage in opening of Brazil Bets market

Brazil founded EstrelaBet serves as the Gold Sponsor of the inaugural SBC Summit Rio (5-to-7 March 2024), the biggest dedicated igaming show to be hosted in Brazil. Attending the Summit Rio,  Fellipe Fraga, Chief Business Officer (CBO) details how EstrelaBet will leverage localised knowledge and brand visibility to capitalise on opening proceedings of Brazil Bets market, emphasising EstrelaBet’s optimal understanding …

Read More »

888 to end US affairs agreeing on $50m closure of Sports Illustrated JV

SBC News 888 to end US affairs agreeing on $50m closure of Sports Illustrated JV

888 Holdings has notified investors that it has begun a strategic review of its US B2C operations, considering all available options for its US joint-venture with the Authentic Brands Group. This morning, 888 notified that US partner Authentic Brands Group the apparel and entertainment fund that owns Sports Illustrated has “agreed to consensual license termination for US territories”. The decision allows …

Read More »

Catena hires Manu Stan as new CEO to lead US playbook

SBC News Catena hires Manu Stan as new CEO to lead US playbook

The board of Catena Media Plc has confirmed the appointment of Manuel ‘Manu’ Stan as CEO of the Stockholm-listed affiliate media publisher. Investors were informed that “Manuel will lead Catena Media’s North American and global market operations from Las Vegas, where he is based. He will assume his position on July 1, 2024.” The appointment sees Stan succeed Michael Daly, …

Read More »

Belgium to apply toughest gambling protections from 1 September

Ladbrokes and PMU deal criticised by Belgian competition watchdog

Kansspelcommissie, the Gambling Authority of Belgium, has confirmed that it will apply new gambling protection measures from 1 September 2024, raising the minimum age for gambling to 21 years.  The decision follows January’s approval of new player protection amendments to be added to the Belgian Gambling Act of 1999.  The mandate was approved by the Chamber of Representatives, which endorsed …

Read More »