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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Business news sources have reported that around £1 billion has been wiped off the value of UK-listed spread betting operators, following the Financial Conduct Authority’s (FCA) industry clampdown on ‘contract for difference’ (CFDs). Yesterday the regulatory body proposed a number of new measures aiming to protect inexperienced consumers and improve overall industry standards. The measures include the introduction of risk …
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Updating the market, industry platform provider FSB Technology (FSB) has confirmed that it has entered an agreement to supply football news, stats and insights portal Squawka (Squawka.com) with its fully optimised sports betting solution. Squawka one of the internet’s most popular football portals with an estimated following of + 6 million viewers a month will integrate FSB provisions launching its …
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Following today’s ‘Extraordinary General Meeting’ (EGM), shareholders of Stockholm-listed Unibet Plc have approved the firm’s proposed name change from ‘Unibet Group Plc’ to Kindred Group Plc. Updating company stakeholders, Unibet governance detailed that its expects its first full day of trading under the Kindred Group name to be on Monday 12 December 2016. This September Unibet governance issued a corporate …
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Continuing its strategic partnership with Playtech subsidiary Best Gaming Technology (BGT), the Racing Post has combined to launch its new horseracing and greyhound product across + 12,000 self-service betting terminals within multiple UK operator retail betting estates. The partnership sees Racing Posts digital content which includes detailed racecards, the latest form, results, race predictor, Spotlight tips, key stats and trainer/jockey …
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There are plenty of reasons to get excited about the SBC Awards 2016 on 7 December, which promises to be a huge year-end celebration and one of the sports betting industry events of the year! However, instead of just taking our word for it, here’s a selection of high profile delegates talking about what they are most looking forward to …
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The Department of Culture, Media & Sports (DCMS) has informed that the provisions of the current Horserace Racing Betting Levy will be rolled over into 2017/18 as no progress has been made on the terms of a new levy scheme. Updating industry and racing stakeholders, Karen Bradley Secretary of State for Culture, Media & Sport announced the government’s decision to continue …
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With sixteen nominees as opposed to the usual ten, and still the likes of Chris Froome missing out, it just goes to show that, whilst the rest of us suffered, it’s worth remembering that British sports had a good 2016. After the best year of his career to date which pivoted him to number one in the rankings having won …
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