Oulala.com, the daily fantasy sports (DFS) operator and B2B provider, has announced the closing of a new funding round of €1.35m (£1.12m), coming from private investors. Oulala will use the raised funds to gain more traction on the B2B landscape, and to confirm its leading position as the first DFS network specialised in European football. Benjamin Carlotti, Managing Director of Oulala …
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Industry charitable trust GambleAware has today published an official report which ‘outlines the estimated cost that problem gambling has on the UK Government’. The report estimates that the figure is between £260 million and £1.2 billion a year. Working in-conjunction with the Institute for Public Policy Research (IPPR), GambleAware breaks down cost impact to the UK government by sector relating …
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The governance of Cherry Gaming AB has confirmed that it has executed its right to acquire the remaining 51% of shares in European igaming operator ComeOn Malta (ComeOn). Last July, Cherry had acquired 49% of equity in ComeOn for a shares + cash combination valued at €80 million. Moving to buy ComeOn outright, Cherry governance detailed this morning that it …
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William Hill Australia will have no courtside presence at the upcoming Australian Open (Melbourne 16-19 January), due to this year’s widespread allegations of match-fixing in tennis. Steve Healy President of Tennis Australia (TA) confirmed the organisation’s decision yesterday, stating that no William Hill branding would be visible on court matches during the tournament. Healy stated that the TA decision regarding …
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The Financial Times has reported that FTSE-listed William Hill is struggling to find a new Chief Executive to officially lead the company following the departure of James Henderson in July. At present, William Hill leadership is being filled by interim-CEO Philip Bowcock, who joined the company last November as CFO from UK cinema chain ‘Cineworld’. The six-month search for Henderson’s …
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Stockholm Nasdaq-listed LeoVegas Group (LeoVegas) has this week launched its mobile-centric igaming services for the regulated market of Denmark. The European igaming operator had previously secured a Danish online gambling license having met the remote gambling standard of the Danish Gambling Authority. Announcing its first stage launch within the Danish online gambling, LeoVegas governance stated that it was excited to …
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Bet365 came out on top of its industry peers last night to take the SBC Bookmaker of the Year Award for the third year running. The Stoke-based outfit beat Unibet, Sky Bet, Pinnacle and 10bet to take the award, sponsored by Oddslife, which was voted on by industry professionals. Bet365 also picked up the gong for best Live Betting Product in …
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The UK tax authority HMRC has declared that it intends to implement new regulations relating to industry free bets, bonuses and ‘discounted’ gaming. Updating the industry, HMRC detailed that the government would proceed with a ‘slightly revised option’ of its initial proposals in its incoming 2017 ‘Finance Bill’ in which it aims to reduce stakeholder burdens, whilst still achieving its …
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Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …
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FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …
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