Europe

Stake’s F1 Sauber deal put under microscope by Swiss gambling watchdog 

SBC News Stake’s F1 Sauber deal put under microscope by Swiss gambling watchdog 

According to reports from media outlet SRF, the Swiss Federal Gambling Board Eidgenössische Spielbankenkommission (ESBK) is looking into the latest deal between crypto casino Stake and the Sauber Formula 1 team for potentially breaching the country’s advertising regulations.  Earlier this week, Sauber revealed its latest C44 car that will feature in the new season which starts at the end of February. …

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Bettormetrics lands Series A funding to build on ‘transformative’ sports betting analytics

SBC News Bettormetrics lands Series A funding to build on ‘transformative’ sports betting analytics

Bettormetrics has successfully attracted Series A funding from investors Bettor Capital and Velo Partners.  Launching in 2022, the UK sports betting analytics provider has managed to expand its customer portfolio across the US and Europe with bookmakers who are utilising the company’s cloud-based analytics technology.  With the new funding, Bettormetrics will seek to further grow its client base by building …

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Andrew Rhodes: Balance is the academic challenge of the Gambling Review

SBC News Andrew Rhodes: Balance is the academic challenge of the Gambling Review

Andrew Rhodes has reiterated that the Gambling Review’s underlying challenge is to find the right balance to govern a commercially evolving UK gambling marketplace and its engagement with the public. The observation led the Chief Executive of the UK Gambling Commission’s (UKGC) address to delegates of the ‘Consumer Protection Zone’ at ICE London 2024. The address began by acknowledging that …

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Allwyn to acquire majority stake in IWG

SBC News Allwyn to acquire majority stake in IWG

Swiss-based lottery operator Allwyn has become a majority investor in Instant Win Gaming Limited (IWG). Upon closing, the investment will give Allwyn a 70% stake in IWG’s operations. Stakeholders were informed that Allwyn will use existing capital to finance the investment. Stepan Dlouhy, Allwyn Chief Investment Officer, said: “Allwyn’s agreement with IWG will enable us to create and leverage high-quality …

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Kindred counts cost of US withdrawal as FDJ demands Norway exit ahead of takeover

Nils Andén, Kindred CEO

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders set to vote on the future of the Stockholm online gambling group. The focus on cost controls is required as Kindred published its Q4 and full-year 2023 results this morning, revealing period corporate losses of £19m (Q42022: £52m). Full-year accounts see profits ‘before tax’ decline …

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Better Collective completes acquisition of Playmaker Capital

SBC News Better Collective completes acquisition of Playmaker Capital

Better Collective has announced the completion today of its acquisition of Toronto-based sports media group Playmaker Capital. The brand owns and operates a number of sports media brands in the Americas.  Simultaneously, Better Collective’s Board of Directors has “resolved to increase the company’s share capital with nominally EUR 17,554.29”. Accordingly, 1,755,429 new ordinary shares, each with a nominal value of …

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kwiff adds horse racing through RMG deal expansion

SBC News kwiff adds horse racing through RMG deal expansion

Betting operator kwiff has expanded its agreement with Racecourse Media Group (RMG) to now include horse racing streaming.  The new terms mean that kwiff will upgrade its native apps with RMG’s offering so that players can now enjoy UK and Irish racing content from around 1,200 race meetings per year – leveraging RMG’s coverage of 35 racecourses, including Cheltenham, Aintree, …

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Maarten Haijer, EGBA: Europe requires greater cooperation on forthcoming gambling resolutions

Maarten Haijer, Secretary General of EGBA

Ahead of ICE London’s opening day, Maarten Haijer, Secretary General of the European Gaming and Betting Association (EGBA), outlines the trade body’s proactive approach to 2024’s regulatory agenda, which will likely be disrupted by general elections across multiple markets. The EGBA remains committed to fostering cooperation among operators and key stakeholders to improve standards and harmonisation practices of dynamic and evolving …

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Italy’s Provinces seek compensation on duties of the Reorganisation Decree

Italy

The Presidents and Councillors of Italy’s 20 autonomous regions and 100 municipalities have been advised to support the government’s plans to reorganise gambling. The plea was cited by the Conferenza Unificata (CU), the body charged with fostering cooperation between the Italian state and the governments of autonomous regions and municipalities. The CU has reviewed the government’s reorganisation decrees for land-based …

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Shape Games’ Ulrik Restorp: empowering partners through tailored solutions

SBC News Shape Games’ Ulrik Restorp: empowering partners through tailored solutions

Ulrik Restorp, SVP of Products at Shape Games, took time out with SBCNews ahead of ICE London to share how the company aims to empower its partners through tailored solutions and help them create immersive and tailored experiences for their distinct markets.  ________________ In the dynamic landscape of the igaming industry, Shape Games stands at the forefront, not only as …

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