Europe

CMA orders SpreadEx to prove ‘competitive distinction’ of Sporting Index buyout

SBC News CMA orders SpreadEx to prove 'competitive distinction' of Sporting Index buyout

The Competition and Markets Authority (CMA) is investigating the acquisition of Sporting Index by Spreadex Limited and its impact on the UK’s spread betting market.  The deal was announced in November 2023, with SpreadEx agreeing on ‘undisclosed terms’ with Groupe FDJ to acquire spread betting rival Sporting Index. On 15 January, the CMA announced that it had launched an inquiry, …

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Flutter flexes US and UK muscles ahead of NYSE listing

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc has consolidated its leadership positions in the UK and US markets ahead of its NYSE listing date on Monday 29 January. Publishing its pre-close trading statement for 2023 trading, the soon to be FTSE & NYSE gambling group reported Q4 revenue growth of 11% to £2.67bn. On a year-on-year basis, Flutter’s FY2023 revenues stand at £9.51bn, up …

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Flutter completes €141m investment in MaxBet

SBC News Flutter completes €141m investment in MaxBet

Flutter Entertainment has completed its €141m investment in MaxBet Kladionica to become the market leader in Serbia and advance its position within Balkan territories. The deal to acquire a 51% stake in Maxbet was first announced in September 2023, with Flutter securing exclusive rights to acquire the remaining share of the Serbian business. Branded a ‘local hero’ by Flutter, MaxBet …

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DAZN viewers to access free-to-air Women’s Champions League

DAZN

In a bid to increase the sport’s exposure and growth, DAZN has lifted its paywall of all live women’s football coverage and associated content. The removal will allow DAZN viewers to watch free-to-air Women’s Champions League matches until the end of the season, along with matches from the Frauen Bundesliga, Liga F, D1 Arkema and Serie A Femminile.  Coming off …

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IGT to continue as core systems supplier of the National Lottery

IGT

IGT Plc will maintain its position as the principal technology systems supplier for the National Lottery. The contract extension was confirmed ahead of the National Lottery’s transition to a new operating steward on 1 February, which will see Allwyn UK assume control of the Fourth National Lottery License. Since its inception in 1994, IGT has served as the lottery systems …

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SMH to expand Gazzetta dello Sport across Eurasian markets

SBC News SMH to expand Gazzetta dello Sport across Eurasian markets

SMH Sports, the flagship brand of sports media and management company SMH Global, has become the exclusive licensee of La Gazzetta dello Sport in Eurasia. The company, based in the Georgian capital city Tbilisi, will first take La Gazzetta live in its founding market before launching in other Eurasian countries, highlighting Ukraine as the next country for the outlet. In addition, the launch …

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Entain files commercial dispute against BetCity owners  

SBC News Entain files commercial dispute against BetCity owners  

Entain Plc has initiated legal proceedings against the former owners of BetCity.nl, the Dutch sportsbook and igaming property of the FTSE100 gambling group.   A lawsuit has been filed in the Commercial Court of England by Clifford Chance, representing Entain Netherlands BV, against former owners of BetCity.nl, primarily consisting of the Singels Family and associates.  Entain has filed a ‘Part-7 Claim …

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SSG takes Content Hubs ‘to a new level’ for 2024 Euros

SBC News SSG takes Content Hubs ‘to a new level’ for 2024 Euros

Spotlight Sports Group (SSG) has announced a strategic deal with multiple operator partners for the upcoming 2024 Euros. As the technology, content, and media company – specialising in sports betting – builds on the success of its World Cup Content Hubs, the 2024 Euros will now see the Content Hubs feature add-to-betslip functionality, live odds, match previews and outright previews …

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Altenar partners Everbet following strong year of growth in Balkans

SBC News Altenar partners Everbet following strong year of growth in Balkans

Altenar has partnered with online sports betting and casino operator, Everbet, to bolster its decade-long presence in Bulgaria. The sportsbook and iGaming software supplier has had a strong year of growth in Eastern Europe, and has now been enlisted by recently-launched Everbet to power its sportsbook, as it continues to establish itself in the burgeoning market. Vagelis Bairlis, Sales Manager …

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Market Make-up: UK bookies battle on margin control of bet builders…

SBC News Market Make-up: UK bookies battle on margin control of bet builders...

As part Jake Pollard’s ongoing ‘Market Make-up‘ series examining European betting markets unique intricacies and dynamics for engaging audiences. Propus Partners gathered data from UK bookmakers for the Premier League weekend of 12-14 January and analysed how the country’s bookmakers offered bet builders and the margins they applied to them. Global Prominence  Over the last few years, ‘bet builders’, or …

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