Ted Menmuir

Winning Post: Brazil to copy the UK… but not in a good way

SBC News Winning Post: Brazil to copy the UK... but not in a good way

The industry sees progress on Brazil launching its long-awaited sports betting regime in 2022. Yet observing policy developments, Regulus Partners warns that lawmakers will regret adopting a  UK model to tax operators of a new marketplace. The Brazilian government has announced that it will ‘follow the UK model’ of online betting tax, applying a 15% GGR duty, explicitly to ensure …

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NIESR cites critical need for holistic data to understand problem gambling’s societal cost 

SBC News NIESR cites critical need for holistic data to understand problem gambling’s societal cost 

A research team from the National Institute of Economic and Social Research (NIESR) has stated that better estimates and in-depth studies are required to help understand the societal impacts of problem gambling. The guidance forms part of the NIESR report published on 14 April, titled: “The Fiscal Costs & Benefits of Problem Gambling.“ As cited in the executive summary, “This …

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Apollo seeks €425m April raise for Lottomatica

SBC News Apollo seeks €425m April raise for Lottomatica

Apollo Global has finalised plans to IPO its Lottomatica business on the Milan Euronext Exchange (Borsa Milan) at the end of April, as the US private equity group upsizes the capitalisation of the Italian gambling group to +€2.5bn. By returning Lottomatica to the Milan Borsa, dealmakers anticipate raising €425m through the IPO, funds that will be reserved to reward long-term …

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GambleAware debuts ‘Reach Out’ campaign to battle treatment stigmas

SBC News GambleAware debuts 'Reach Out' campaign to battle treatment stigmas

GambleAware has launched its new nationwide advertising campaign, which seeks to inform the British public that “75% of people experiencing gambling problems feel they can’t open up to loved ones”. Titled ‘Reach Out’, the campaign has been produced by Lucky Generals, the new creative agency of GambleAware, who won the charity’s account last November and is tasked with portraying high-impact …

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888 begins long turnaround as merger pains amount to £115m loss

888

The board of 888 Holdings has vowed to return the business back to shareholder growth by implementing a new corporate strategy prioritising capital efficiencies and debt reductions.     This morning, the LSE gambling group posted a jam-packed full-year 2022 trading results alongside a Q1 2023 update outlining new corporate measures to optimise its enlarged business incorporating William Hill. FY2022 group revenues …

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Premier League clubs agree to end betting shirt sponsorships 

SBC News Premier League clubs agree to end betting shirt sponsorships 

Premier League clubs have taken a significant step to reduce the coverage of gambling sponsorships by unanimously agreeing to remove gambling brands from the front of their matchday shirts.  The anticipated move makes the Premier League the first UK professional sports league to voluntarily implement such a measure phasing out betting sponsorships.  The decision comes after an extensive consultation process …

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Dreams & Enjoy abandon merger to form Chilean giant

SBC News Dreams & Enjoy abandon merger to form Chilean giant

The merger of Chilean casino giants Dreams SA and Enjoy has been scuppered as dealmakers declare “the process to be abandoned”.  The announcement was made via Chile’s Financial Markets Commission (CMF), which informed stakeholders that both companies had chosen to remain as separate businesses.   Merger terms had been agreed last year, in which Dreams shareholders would control the majority (64%) …

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Blexr acquires ThePogg to revitalise ADR space

SBC News Blexr acquires ThePogg to revitalise ADR space

iGaming media publisher, Blexr has announced that it has acquired heritage online gambling review portal ThePogg for ‘a six-figure sum’. The deal will see the Malta-and-Barcelona-based publisher acquire ThePogg’s digital IPs and Alternative Dispute Resolution (ADR) service to help diversify its online portfolio and B2B offering. Founded in 2011 by affiliate marketing expert Duncan Garvie, ThePogg.com is recognised as one …

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STS maintains Polish growth amid business reorganisation 

SBC News STS maintains Polish growth amid business reorganisation 

STS Group has reported on a consecutive record-breaking quarter performance, benefitting from continued growth in its home market of Poland. Opening its 2023 accounts, STS cites that Polish growth has helped its business overcome recent market exits in the UK and Estonia, announced during the close of 2022. Q1 trading saw the Warsaw SE-listed betting group achieve wagering results of …

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