UK

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, …

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 …

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 …

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 …

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 …

The UK’s Betting and Gaming Council (BGC) has urged the government to not skip on its commitments made regarding frictionless financial risk checks. This comes ahead of the announced Parliamentary debate confirmed by the Petitions Committee for 26 February after a petition on the matter led by The Jockey Club secured the required 100,000 signees. So far, the Council has …

888 Holdings has cited a direct impact of £80m on its corporate income due to its “proactive shift away from dot-com markets”. The impact was declared by the LSE gambling group publishing its pre-close statement on 2023 trading, described as a “year of significant regulatory and compliance headwinds.”  Closing year-end trading, 888’s Q4 revenues stood at £424m, a 7% decrease …

Kindred Group plc has revealed more details around the agenda for its upcoming March conference at the Kia Oval in London, which will adopt the theme of Responsible Gambling.  Titled “Safer Gambling: A look into the future”, the event calls upon experts from within and outside the industry to come together and discuss plans and ideas of how to ensure …

Sky Betting and Gaming has released a new advertising campaign and platform for its Sky Vegas online casino brand. Aiming to build an ‘authentic connection’ with casino players, the operator described the ad as shunning ‘overly optimistic category cliches’ with an intent to ‘celebrate the big entertainment that can be found in life’s small moments’.  Titled ‘Play. It’s why we’re …

The UK Gambling Commission (UKGC) has stated its confidence that Allwyn UK will achieve its objective of raising more money for good causes as the new operating steward of the National Lottery. On 1 February, Allwyn will take charge of the UK government’s Fourth National Lottery Licence, noted as a transformative event for UK gambling and the third sector, as …