Featured News

News that the SBC Team choose to highlight

Colossus Bets launches ‘Crowdfunded’ syndicates product

SBC News Colossus Bets launches 'Crowdfunded' syndicates product

Bringing new player engagement dynamics to its football pools product, Colossus Bets has announced the launch of its ‘Colossus Syndicates’ feature which will enable users to propose crowdfunded tickets which will compete for Colossus jackpots. Updating the market, the Colossus Syndicates feature is now live on the firm’s B2C colossusbets.com site with an enhanced version set to be rolled out …

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New look Caesars will seek to create quick cashflows & investor value

SBC News New look Caesars will seek to create quick cashflows & investor value

Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …

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Henrik Tjärnström – Kindred success cannot be copied by competitors

SBC News Henrik Tjärnström - Kindred success cannot be copied by competitors

Speaking to Kindred Group investors and corporate stakeholders, CEO Henrik Tjärnström described 2016 as a transformative year for the enlarged operator which has successfully incorporated new assets and expanded its existing verticals. Closing his firm’s most successful year in business, Tjärnström states that 15-brand Kindred Group (formerly Unibet Group Plc) has achieved its long-term goal of becoming a ‘true European …

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Strong commercial pipeline sees Kambi ride out tough 2016 closing

SBC News Strong commercial pipeline sees Kambi ride out tough 2016 closing

Continuing sector trends, Nordic Nasdaq-listed sports betting platform and software supplier Kambi Group is the latest industry stakeholder to have been impacted by unfavourable sporting results this December. A tough closing to its full-year 2016 performance, saw Kambi record an operating EBIT of €1.8 million down from Q4 2015’s corresponding €3.3 million. The industry supplier detailed that adverse sports results …

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Parvus pushes for William Hill 2017 sale

SBC News Parvus pushes for William Hill 2017 sale

The Sunday Times has this weekend reported that London hedge fund Parvus Asset Management (Parvus) is lobbying for a 2017 sale of William Hill. Headed up by Danish financier Mads Eg Gensmann, Parvus is currently William Hill’s biggest investor with a 14% shareholding. The Sunday Times reports that Gensmann has been pushing William Hill governance for number months on the …

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Betfred.com renews casino supplier partnership with Playtech

SBC News Betfred.com renews casino supplier partnership with Playtech

Updating the market, FTSE-listed gambling technology provider Playtech Plc (Playtech) has informed investors that UK independent bookmaker Betfred has extended its online casino platform lead supplier agreement for Betfred.com until 2020. In May 2016, Betfred governance surprised industry observers by announcing that it would move its digital platform’s for sports betting and igaming services to GVC Holdings’ newly acquired bwin.party …

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Betsson delivers growth despite turbulent 2016

SBC News Betsson delivers growth despite turbulent 2016

Stockholm-listed European sports betting operator Betsson AB is pleased to have grown its core business metrics, despite facing multiple operational challenges and unfavourable conditions throughout 2016. Closing its 2016 performance, Betsson governance was pleased at the company’s ‘positive development’ which had seen the operator overcome severe currency fluctuations and lower betting margins impacts in H1 2016. Furthermore, repeating all-round industry …

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Aussie Turf War…Tabcorp governance unhappy at Crownbet & Clubs NSW venue deal

SBC News Aussie Turf War...Tabcorp governance unhappy at Crownbet & Clubs NSW venue deal

The Australian betting market has entered a ‘turf war’ following a ‘digital wagering services’ agreement between James Packer’s Crownbet and Clubs NSW. Following an industry tender, Crownbet won the contract to provide interactive wagering services for circa 1,200 syndicated Clubs NSW venues, in a deal that Australian business commentators have valued at AUS $300 million. Clubs NSW governance claims that …

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Playtech eyes soft games boost with Eyecon £50 million acquisition

SBC News Playtech eyes soft games boost with Eyecon £50 million acquisition

FTSE-listed Playtech Plc continues its industry M&A strategy confirming the acquisition of specialist ‘soft games’ developer Eyecon for a maximum consideration of £50 million. Playtech will pay an upfront cash fee of £25 million for its acquisition of Brisbane-based Eyecon assets. The technology firm has added a further £25 million in performance-based targets once the initial acquisition is complete. Detailing …

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