Ted Menmuir

Nektan secures additional £2.75 million in funding

SBC News Nektan secures additional £2.75 million in funding

Mobile content and platform provider Nektan Plc (London AIM listed) has announced that it has raised an additional £2.75 million in corporate funds through a follow on funding rounding. Nektan governance announced that the capital had been raised by through the issue of £2.39 million in convertible loan notes and a placing of 32,258 new Ordinary Shares at £0.01 each. …

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Concerns arise over DraftKings & FanDuel data policies

SBC News Concerns arise over DraftKings & FanDuel data policies

US daily fantasy sports (DFS) commentators and fans have called for stricter industry monitoring and regulation following allegations that employees at leading fantasy sports operators FanDuel and DraftKings were using insider data on rival DFS portals. The New York Times said that DraftKings employee Ethan Haskell (Content Manager) had inadvertently published NFL data regarding DraftKings biggest contest, The Millionaire Maker. The …

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PMU enters Brazil venture with Jockey Club Brasileiro

SBC News PMU enters Brazil venture with Jockey Club Brasileiro

French race track operator Pari Mutuel Urbain (PMU) has entered the South American racing market by announcing a joint venture with Jockey Club Brasileiro (JCB). The venture will bring to life new subsidiary PMU Brasil. PMU governance stated that its partnership with JCB, would aim to modernise Brazil track racing. PMU management systems will be utilised to operate wagering and monitoring …

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Gauselmann Group appoints Sascha Blodau as UK General Manager

SBC News Gauselmann Group appoints Sascha Blodau as UK General Manager

German slot manufacturer Gauselmann Group has announced the appointment of Sascha Blodau as new UK General Manager. Gauselmann Group announced that it had created the role, as the UK becomes a more significant market for its operations and corporate revenues. Blodau had been appointed effective since 1 August 2015 and will be based out of Gauselmann Westphalia Office. Gauselmann operations …

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mybet sells payment arm C4U Malta

SBC News mybet sells payment arm C4U Malta

European sports betting operator mybet SE, has confirmed that it has sold payment services provider C4U Malta for €3 million as company management continues to restructure its operations. Alerting the market the Frankfurt listed operator did not disclose the name of the acquiring party for C4U Malta assets. mybet governance stated that the company would now focus on “sports betting …

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Playtech reveals Central Bank of Ireland (CBI) opposition to Ava Trade acquisition

SBC News Playtech reveals Central Bank of Ireland (CBI) opposition to Ava Trade acquisition

Playtech governance has revealed that the Central Bank of Ireland (CBI) has opposed its acquisition of currency trading platform and Ava Trade. The CIB’s opposition comes having been granted approval of its $105 million (£65 million) from the Financial Services Commission in the British Virgin Islands. Playtech governance issued the following short statement regarding the matter “Late on October 2, …

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Portuguese regulator selects eCOGRA as a testing agency

SBC News Portuguese regulator selects eCOGRA as a testing agency

Portugal’s new online gambling regulator, Serviço de Regulação e Inspeção de Jogos (‘SRIJ’) has approved the independent compliance testing and standards company eCOGRA as a certifying organisation of gambling technical systems following a tough assessment of its staff, technical capability and relevant industry experience. eCOGRA employs more than 50 highly qualified and trained employees, focused on the online gambling compliance …

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Finland set to unify its state owned gambling operators

Betsson’s BML Group becomes first MGA licence holder fined by Finnish police

State owned gambling operators Veikkaus, Raha-automaatttiyhdistys (RAY) and Fintoto are set be merged into one unified enterprise. National news sources have detailed that the decision was undertaken by Finland’s Cabinet Committee on Economic Policy last September following are review of current market conditions. The merger of the three operators by the cabinet is intended to maintain domestic gambling market exclusivity, …

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Spotlight on Sweden – Ministry of Finance undertakes gambling framework review

SBC News Spotlight on Sweden - Ministry of Finance undertakes gambling framework review

Facing mounting pressure from the European Union to reform its national gambling framework, and adhere to EU business and competition policies, Sweden’s Ministry of Finance has responded by stating that it will undertake a full review of its policy on the matter. Detailing its plans, the ministry stated that it needed to update its policies in order to monitor an …

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DraftKings ramps up UK coverage with NFL International Series partnership

SBC News DraftKings ramps up UK coverage with NFL International Series partnership

Fantasy sports operator DraftKings has announced its first statement of intent for the UK market, by confirming that it has sealed an exclusive three-year relationship with the NFL’s International Series in the United Kingdom. The DraftKings brand will be promoted throughout NFL International Series games, which will take place at London’s Wembley Stadium. Season 2015/16 matches taking place in London …

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