Featured News

Better Collective strengthens US grip acquiring Vegasinsider & Scoresandodds

Stockholm-listed industry affiliate marketing publisher Better Collective A/S continues to advance its US strategic agenda, confirming that it has acquired Florida based Vegasinsider.com and Scoresandodds.com, completing a $20 million cash transaction. Updating investors, Better Collective details that it has significantly expanded its US portfolio, acquiring two of the most trusted sports betting wagering portals which maintain a legacy of ‘more than …

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Spain to outlaw wagering on ‘under 18’ sports

Spain’s DGOJ has approved a number of new provisions to its gambling code, enforcing new measures banning licensed operators from offering betting markets on under-18 sanctioned sporting events. Updating the market, the DGOJ states that it wants to form a ‘clear distinction’ between wagering categories, focused on protecting the integrity of sports where the majority of participants are considered minors. …

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Richard Flint – Racing is a ‘critical friend’ of betting in tackling its regulatory predicaments

Ending his 17-year tenure at Sky Betting & Gaming (Sky Bet), industry figurehead Richard Flint has called for betting and racing leaders to work in partnership, tackling an ‘existential threat’ facing all betting stakeholders. Speaking to the Racing Post, Richard Flint the former Executive Chairman of Sky Bet, warned UK racing leaders not to be complacent in believing that their …

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Treasury praises UKGC for contribution on AML research

Publishing its ‘Anti-money laundering and counter-terrorism financing supervision report 2017/18’, the HM Treasury has praised the UK Gambling Commission (UKGC) for its contribution to research and insights on UK AML concerns. The Treasury publishes its seventh ‘AML/CTF report’, seeking to improve compliance transparency and accountability for UK supervisory stakeholders, across multiple business disciplines. In its report, the HM Treasury consults …

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Betfred expands trading arrangement with Betgenius

Betgenius has announced a ‘major coup’ for its sportsbook content and management services, after securing a ‘long-term trading partnership’ with UK  legacy bookmaker Betfred. The deal sees Betgenius trade in-play markets for major sports including the English Premier League, Football League and Scottish Premiership. Servicing a ‘five-year arrangement’, Betgenius will act as ‘primary in-play trading partner’ for Betfred, leading the bookmaker’s …

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GVC Holdings confirms Sportium JV disposal

FTSE100 GVC Holdings has this morning disclosed that it will sell its 50% stake in Spanish bookmaker Sportium to joint-venture partner Grupo CIRSA for €70 million. GVC secures its interest in Sportium, through its ownership of Ladbrokes, who in 2013 launched Sportium entering a 50/50 partnership with CIRSA. Last May, Spanish business news sources reported that CIRSA had filed a …

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Codere appoints ‘transformation pro’ Luis Sanchez Serrano to lead digitisation strategy

Bolsa Madrid gambling group Codere SA has confirmed the appointment of Luis Sanchez Serrano as new Corporate Director for Technology and Digitisation. A fresh face to the gambling sector, Sanchez Serrano is a 23-year veteran of the Spanish financial services industry, having led technology and innovation divisions for Liberbank, Bankinter and Banco Espirito Santo Portugal. Moving forward the executive will …

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GVC shows global depth countering UK retail realities

FTSE100 GVC Holdings Plc has this morning published its ‘post-close’ interim H1 2019 trading update, citing strong online growth as the company continues to adjust to UK FOBTs retail realities. Despite competing against a tough comparative period featuring World Cup 2018 trading, GVC maintained its digital momentum to record a group H1 2019 NGR of +17%, helping the firm to period …

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Kenyan government triggers nightmare scenario for bookmakers

A frantic 24 hours has seen Kenyan betting’s regulatory dispute intensify, as local news sources report that the government has demanded that national telecom operators instruct their users to withdraw all funds from their betting accounts. The strict order has been sanctioned by Liti Wambua, the acting director of the Kenyan Betting Control & Licensing Board (BCLB), who is reported …

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LexisNexis Risk Solutions – Industry compliance pros see complacency as biggest AML threat

Global business and legal research agency LexisNexis Risk Solutions has published a new study on gambling compliance attitudes towards money-laundering, titled – ‘On the Frontline: The UK’s Fight Against Money Laundering’  The research conducted by ‘Economist Intelligence Unit’, underlines that industry professionals ‘believe that their sector is at the highest risk of money laundering’. In its report, LexisNexis Risk Solutions seeks …

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