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Bookmakers suspend ‘no confidence vote’ on May’s party leadership

The majority of UK bookmakers have today suspended markets on a ‘vote of no confidence’ taking place on Theresa May’s party leadership. Following a frantic 24-hours of trading, triggered by the abrupt departure of Dominic Raab as lead Brexit negotiator – who stated that he could not support May’s draft EU-withdrawal agreement, bookmakers’ have suspended a no-confidence motion. This morning, …

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Sportech broadens gaming capacities with LOT.TO strategic investment

LSE-listed wagering and racing systems provider Sportech Plc has entered a ‘strategic alliance‘ with London-based iLottery systems provider LOT.TO – seeking to ‘broaden its suite of gaming opportunities’. Sportech has moved to acquire LOT.TO’s enterprise outright on a share-for-share basis. The transaction sees LOT.TO continue to operate as a stand-alone outfit, with Sportech confirming that ‘the acquisition would be non-material …

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SBC’s On The Ball – The leaks that rocked football

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, SBC has you covered. This edition picks out some of the key stories from the leaks by German magazine Der Spiegel. Leaks, leagues and deceit The leaks of German magazine Der Spiegel sent shock waves through world football, unearthing information that could …

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bet365 makes its US play through Empire New York alliance

Leading European online bookmaker bet365 has forged its first US-centric sports betting partnership with Nasdaq-listed gambling group Empire Resorts Inc. Issuing a market update, bet365 enters a 20-year agreement with Empire, which will see the online betting group become lead digital and land-based sports betting services provider for the ‘Resorts World Catskills’ casino in upstate New York. At present, Resorts …

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Premier League appoints ‘fresh face’ Susanna Dinnage as CEO

The Premier League has confirmed the appointment of Susanna Dinnage as new Chief Executive replacing incumbent Richard Scudamore who will depart the organisation at the end of the year, ending his 19-year leadership tenure. A leading media and entertainment executive, Dinnage is the current President of Discovery Networks UK & Ireland (2016-2018), leading operations and commercial planning for the American …

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Vera&John delivers for JPJ against a tougher UK backdrop

The governance of London-listed online gambling firm JPJ Group Plc signs off on its latest Q3 2018 trading update (period ending 30 September), confident of delivering on its full-year 2018 corporate expectations. Reporting increased customer activity across its overall portfolio, while maintaining a higher gaming revenue per customer of £99 (10% increase), JPJ records Q3 revenues of £78 million- up …

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UKGC hits Stride Gaming with £7m fine for consistent AML & SR failures

Daub Alderney an online gambling subsidiary of London AIM-listed Stride Gaming Plc, has been fined £7.1 million for failing to meet UK Gambling Commission (UKGC) rules and standards on money laundering and protection of vulnerable customers. Concluding an investigation under the mandate of the ‘2015 Gambling Act’, a UKGC review panel found that Daub had consistently failed to: Conduct appropriate monitoring …

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Codere crushed by Argentine Peso collapse losses

Bolsa Madrid-listed gambling operator Grupo Codere SA cannot escape the Argentine Peso collapse as the company records continued declines across its 2018 corporate metrics and KPIs. The reality of 100% Argentine Peso decline against the Euro, has seen Codere undertake a number of adjustments within its biggest operating market. Publishing its Q3 2018 trading update, Codere reports a group net …

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FSB gains Caribbean vision leading PowerPlay expansion

FSB Tech has announced that it has completed its systems upgrade for leading Caribbean sportsbook operator PowerPlay (PowerPlay.com), expanding its new markets profile. Announcing its first Caribbean-centric partnership, FSB becomes the lead online betting and casino platform supplier for PowerPlay, Jamaica’s biggest online sportsbook. In its corporate update, FSB details that it has delivered a tailored betting solution for PowerPlay, …

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Andrew Gaughan confirms Sportech leadership departure

London listed wagering and racing systems supplier Sportech Plc has this morning disclosed that Group Chief Executive Andrew Gaughan has informed governance of his intention to depart the company. Updating the market, Sportech confirms that Gaughan will officially leave the company on 28 February 2019. Gaughan the former Managing Director of Sportech US racing operations, was appointed Group CEO on …

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