Featured News

Nick Tofiluk departs UKGC to lead The Cyprus National Gaming Commission

The UK Gambling Commission (UKGC) has informed that Executive Director and Regulatory Operations lead Nick Tofiluk has departed the organisation to become the Chief Executive of Cyprus’ National Gaming & Casino Supervision Commission. As a UKGC executive, Tofiluk has led the UK governing body’s regulatory operations since 2007, overseeing the implementation of a number of industry-wide UK mandates, regulations and …

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Russia 2018: The contrasting consequences of non-qualification

As the dust settles on a dramatic qualifying campaign, betting operators are left assessing how to maximise Russia 2018, even if that means promoting the tournament to nation that fell at the first hurdle and failed to qualify for football’s showpiece event. As CEO of Digitain, the B2B power behind Armenian betting operator TotoGaming, Suren Khachatryan underlined that although everyone …

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No Standstill… Scientific Games acquires 11% of NYX Gaming shares

Issuing a market note, Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has moved to acquire 11.6 million ordinary shares in acquisition target NYX Gaming Group. The transaction represents approximately 10.72% of NYX’s current shareholding, with SGC governance paying CAD$2.22-2.35 per share, representing a purchase price of circa CAD $27 million (£18 million). Further to today’s share purchase transaction, SGC governance …

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CMA unhappy with six aspects of bonus terms & conditions

Copyright: macgyverhh / 123RF Stock Photo

Operators will have to extensively alter their bonus terms and conditions if they are to avoid being taken to court by the Competitions & Markets Authority (CMA). Speaking at the Gambling Commission’s Raising Standards Conference 2017 yesterday, CMA Project Director George Lusty outlined key areas where operator behaviour has to change. Lusty identified six areas of particular concern: Opaque terms …

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Camelot appoints Nigel Railton as UK CEO, tasked with ‘returning the National Lottery to growth’

UK National Lottery operator Camelot has today published its 2017/18 strategic review detailing major changes and initiatives for its operations and enterprise. Having undertaken a strategic review seeking to ‘return the National Lottery to Growth’, Camelot governance has confirmed the appointment of Nigel Railton as UK CEO. The appointment sees Railton the former Camelot International CEO, replace Andy Duncan (resigned …

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Philip Bowcock – William Hill sees international growth as the fix for potential UK downturns

Updating investors on William Hill Plc Trading, Group CEO Philip Bowcock has detailed that the  FTSE bookmaker will move to prioritise expansion within overseas markets in an attempt to combat any potential growth impacts felt from forthcoming UK regulatory increases. William Hill recorded positive results for its 17-week trading period to 24 October, however, Bowcock believes further international growth will plug any …

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Change of Scene…Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

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On track William Hill set to deliver £40 million in group 2017 savings

Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …

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LetsBet.com aims to ‘flip the script’ for casino players in 2018

New online casino brand LetsBet.com will be launched in early 2018, seeking to become the most engaging destination for online gambling consumers. LetsBet.com is brought to market by Malta MGA-licensed enterprise Pioneer Play Ltd, a new online gambling group founded by Michael Pedersen (CEO), former Scandinavian commercial lead for NetEnt, and Stefan Lind, (CMO) former operations lead at LeoVegas AB. …

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Finance Guru Giles Vardey joins Sportech governance advisory

Further to yesterday’s announcement of a shareholder £53 million capital redistribution, London-listed betting systems supplier Sportech Plc has confirmed the appointment of Giles Vardey as independent Non-Executive Director. A 35-year finance executive, Vardey will advise Sportech governance on stakeholder management as the company undertakes a full-scale sale if its business in 2018. In a distinguished career, Vardey has served as …

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