Featured News

En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

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Next Level! Betfair hails record breaking France 2019

Betfair has revealed that Tuesday night’s Women’s World Cup semi-final between England and the USA broke all Betfair Exchange wagering records for women’s football. A busy night on the Betfair Exchange saw a total £14 million wagered on the match, with Betfair explaining that the tournament in France has taken betting on women’s football to the next level. The thrilling …

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New ‘Betting and Gaming Council’ to launch this autumn

Seeking to act as a unified voice for all UK gambling stakeholders, new industry trade body the ‘Betting and Gaming Council’ will launch this autumn. The new body will replace the functions and duties of the Remote Gambling Association (RGA) and the Association of British Bookmakers (ABB), which will be wound-up when the council secures its full operations. Announcing its …

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Year of change sees Malta MGA bolster its enforcement capacity

Publishing its 2018 annual report and financial statement, the Malta Gaming Authority (MGA) details that it has effectively implemented a number of key directives strengthening its regulatory oversight. During 2018, the regulator focused on strengthening its anti-money-laundering (AML) supervision under the guidance of a revamped ‘Gaming Act’ framework, which established stricter AML procedures alongside further provisions on player protection standards …

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Tobias Fagerlund takes full leadership of embattled Global Gaming

Embattled Stockholm-listed online gambling group Global Gaming AB has confirmed the appointment of Tobias Fagerlund as President & CEO with immediate effect. Fagerlund has acted as Global Gaming’s interim CEO since April 2019, following the resignation of former incumbent Joacim Möller. Appointing Fagerlund, Global Gaming terminates its executive search for a new leader, as corporate governance focuses on the suspension …

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France Pari nets BNP Paribas venture support for Sportnco B2B ambitions

French sports betting technology incumbent France Pari has boosted is capital structure, confirming that multi-national investment bank BNP Paribas has acquired a minority shareholding in its business. Updating the market, France Pari governance confirms that BNP Paribas’ enterprise investment unit ‘BNP Paribas Developpment’ has undertaken a €2 million investment in the company, with proceeds used to enhance its B2B Sportnco …

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Nominations open for new look SBC Awards ceremony

SBC Awards

Stunning central London venue Battersea Evolution is the new home for the sixth edition of the SBC Awards on Tuesday 3 December. Nominations are now open here, with companies in the sports betting and gaming industries able to nominate themselves for any of the specialist industry awards, split across five key categories this year.  There will be 12 Operator and Affiliate …

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Betfred deepens Racing Post commitment launching ‘Betfinder filters’

Betfred has confirmed that it will deepen its audience engagement partnership with Racing Post B2B, launching the ‘Betfinder’ feature across its digital verticals. Powered by Racing Post data and insights, Betfinder allows horseracing customers to filter and condense bet selections to their preferences, in-turn allowing bookmaker customers to increase market interactions and efficiencies. “Betfinder is a filtering tool that allows …

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KPMG terminates Global Gaming auditor contract

Stockholm-listed online gambling group Global Gaming AB seeks a new auditor, as incumbent KPMG sanctions an ‘early termination’ of its existing contract. Yesterday, Global Gaming CEO Tobias Fagerlund issued a corporate statement, informing investors that KPMG account auditor Jonas Nihlberg had called for a termination of services. An embattled Global Gaming finds itself at the centre of a Swedish market …

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2018 losses see France Galop back PMU revitalisation programme

The executive committee of France Galop, the governing body of French horseracing, has reported group-wide losses of €21 million as part of its 2018 accounts. France Galop, who shares ownership of French racing operator PMU alongside counterpart Le Trot Francais, details that 2018 horseracing revenues were significantly down on forecasted targets. “The net result of the PMU for 2018 is set …

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