Europe

Ladbrokes named as sponsor for Down Royal’s Grade 1 Jumps

Down Royal racecourse has named Ladbrokes as the new sponsor for its first Grade 1 of this year’s jumps season, with the deal estimated to be the largest in Down Royal’s history. The race, which will now be called the Ladbrokes Champion Chase, comes as part of a six-figure deal between the racecourse and operator, with prize-money tipped at €140,000. …

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AgiproNews Italian View – Can DP make sense of Italian gambling

“Action against problem gambling will be reinforced” – proclaims the new program of the ‘centrist left’ coalition cabinet led by Prime Minister Giuseppe Conte, formed by the 5Star Movement and Italy’s Democratic Party (DP). Following intense debate and opposition by former coalition incumbent Lega, Italy avoids thus far a further constitutional crisis, as Rome’s lower house approves the formation of yet another …

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FA fines two in fresh crackdown on betting rules

The Football Association (FA) has issued a fresh crackdown on breaches of its betting rules after issuing both Yerry Mina and Jordan Stevens with fines and subsequent warnings. Mina has been handed a £10,000 fine and a warning over his future conduct, while Stevens was also fined £1,200 and a six-week ban from the sport.  An FA regulatory commission found …

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Daily Sport launches ‘The Bet’ for all wagering audiences

UK news and entertainment publisher Daily Sport Limited has launched new property ‘The Bet – ‘TheBet.co.uk’, seeking to deliver the most comprehensive and simplified free information portal for all sports betting audiences. Launched under the tagline of ‘The Bet is #YourBestBet’, the Daily Sport’s new property aims to deliver wagering news, information, stats, form and odds across all major sports, …

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Betsson seeks new debt bond to pursue future growth options

Stockholm-listed Betsson AB has announced that it will pursue issuing a new senior unsecured bond, seeking to raise minimum debt funding of SEK 500 million (€47 million) tp help the firm’s ongoing expansion initiatives. Updating investors, Betsson governance has instructed Scandinavian investment banks Nordea and Swedbank to act as joint book-runners, leading the transaction’s investment procedures. Betsson governance discloses that …

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bet-at-home admits to €12m Austrian subsidiary tax charge

Issuing a market filing, Frankfurt Xetra-listed betting group bet-at-home AG has disclosed to corporate investors that it anticipates paying €11.9 million tax back charges sanctioned by Austria’s tax authority. The DACH region operator states that its tax demand is attached to its wholly-owned Austrian subsidiary ‘bet-at-home.com Entertainment, Linz, Austria’. The Frankfurt betting group attributes its demand to Austrian tax audits …

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888 recovers UK traction following costly H1 2019 trading

London-listed online gambling group 888 Holdings Plc detailed strong ‘strategic progress’ on its corporate strategy and tech initiatives, as the company adjusts to new regulatory demands across multiple operating markets. Publishing its interim 2019 results (period ending 30 June), 888 recorded a group revenue increase of 2% to $277 million (H1 2018: US $273m) as the company underlined a ‘continued recovery of its …

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Martin Lycka: Sixteen kings trapped in a gambling Gordian knot

In the third of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka ruminates on the development of the online gambling market in Germany. __________________ Once upon a time, there were sixteen kings in a land in the heart of Europe. The land’s credo was thou shalt not gamble online. Nevertheless, the kings’ subjects …

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UKGC – ‘white label compliance cannot be transferred’

The UK Gambling Commission (UKGC) has issued a reminder to its remote operating licence holders regarding their obligations relating to compliance when operating gambling websites, including white labelled sites. The regulator has warned white label solutions providers that they hold the responsibility for the actions of their clients and that requirements on compliance – ‘cannot be transferred to any other …

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Home advantage! Betsson underlines its responsibility as SHL journey begins

This weekend sees Betsson debut as the lead sponsor and betting partner of the Svenska Hockey League (SHL), Sweden’s highest tier of professional ice hockey. Secured in 2018, Betsson replaces state gambling monopoly Svenska Spel as the SHL’s main sponsor, undertaking the group’s ‘biggest ever sports sponsorship commitment’. The partnership sees Betsson undertake a number of responsibilities, moving its sponsorship …

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