European Court of Justice Advocate General Maciej Szpunar has dealt a blow to the legal challenge brought by the Gibraltar Betting and Gaming Association (GBGA) against the UK HMRC’s 2014 new tax regime on online gambling duties. Detailing his opinion on GBGA’s ongoing challenge, Szpunar stated that British overseas territory Gibraltar and the UK should be treated as ‘one entity’ with regards to …
Read More »
Novak Djokovic’s surprise five-set defeat to Denis Istomin in the second round of the Australian Open has opened the door for Andy Murray to claim a first title in Melbourne. The five-time beaten finalist and world number one is now odds on with the bookmakers to lift the trophy in the Rod Laver Arena on 29 January. However, it is …
Read More »
Industry news sources have reported that Betfred and GVC Holdings (GVC) have terminated their planned platform partnership, just months before Betfred was due to begin its platform migration to GVC systems. EGR Magazine reports that the both Betfred and GVC governance have agreed by ‘mutual consent’ to terminate the partnership, first agreed in May 2016. Entering the partnership, Betfred had …
Read More »
Draft Fantasy, the market leader for Premier League draft style fantasy, has been in the process of raising capital investment in order to begin development of its daily fantasy platform. The operator currently has ‘the largest draft style user base in the industry’ and plans to continue its growth by allowing users to participate in weekly and daily drafts for …
Read More »
Johan Styren is the CEO of LeoVegas. Following a game changing year in which LeoVegas launched its sportsbook in partnership with Kambi, the future is bright for the operator which is a big believer in a mobile first strategy. Johan and the LeoVegas team will be at ICE Totally Gaming in London next month along with a number of others. We …
Read More »
Issuing its first trading statement this morning as Ladbrokes Coral Plc, the FTSE newcomer stated that full-year operating profits would be ‘in-line with its expectations’ of £275-285 million. Breaking down its profits target, Ladbrokes standalone operations are expected to generate circa £101 million, with Coral Group assets contributing expected corporate profits of £179 million. As anticipated Ladbrokes Coral governance detailed …
Read More »
Caesars Entertainment Corporation (CEC) has been granted judicial clearance to restructure the $18 billion debt attached to bankrupt subsidiary Caesars Entertainment Operating Co (CEOC), allowing the company to close its US Chapter 11 court filing. Gaining approval from Chicago District Judge Benjamin Goldgar, CEC governance will now settle terms and payment structures with CEOC creditors who at the start of …
Read More »
Updating the market, the governance of Cherry Gaming AB (Cherry) has informed that Fredrik Burvall has stepped down as Chief Executive Officer due to family reasons. Cherry AB has moved to appoint Anders Holmgren as ‘interim CEO’ until Burvall’s replacement is found. Burvall departs Cherry following ten years’ leadership service, having acted as CEO and CFO of the company. Updating …
Read More »
Filing its corporate accounts for tax year 2015/16, independent bookmaker Betfred has posted pre-tax profits of £32.4 million reversing operating losses of £88 million recorded in 2014/15. Issuing a short statement attached to its year-end filing (period ending 25 September 2016), Betfred governance stated that wagering through increased player activity had grown significantly throughout its business properties. As a result, …
Read More »
SBC Founder Rasmus Sojmark has delivered on his promise to turn this year’s Betting on Football into an even ‘bigger and better’ gathering of the leading lights in the sports betting industry. For the first time, Betting on Football (BOF 2017) will be spread across three days (3-5 May) with networking events at Kensington Roof Gardens and Under the Bridge …
Read More »
SBC News Voice of the Sports Betting Industry