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Stars Group revises 2019 guidance citing enlargement responsibilities

Toronto TSX-listed The Stars Group Inc has revised its full-year guidance after citing a number of market headwinds. Publishing its interim H1 2019 trading update (period ending 30 June), the Stars Group has adjusted its 2019 revenue guidance to $2.5-2.58 billion mark (previous form $2.6-2.76 billion) and reduced its EBITDA guidance to $905-930 million, having previously held a 2019 earnings target …

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AffiliateINSIDER to host Betting on Sports webinar, Reality 2019: Survival of the Fittest

AffiliateINSIDER to host Betting on Sports webinar, Reality 2019: Survival of the Fittest

SBC’s fortnightly Betting on Sports webinar series continues on Wednesday 21 August with ‘Reality 2019: Survival of the Fittest’, an in-depth look at the changing nature of player acquisition programmes, hosted by AffiliateINSIDER. The session will examine why a number of the industry’s player acquisition programmes are struggling to transition to the sector’s new marketing demands. As we approach the …

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SportPesa sponsorship termination triggers Kenyan football crisis

Kenyan football is involved in the escalating tax dispute between the Uhuru Kenyatta government and the betting industry, after SportPesa – the title sponsor of the Kenyan Premier League (KPL) – confirmed that it has terminated all national sports sponsorships. Closing Friday trading, SportPesa issued a media statement confirming that it would withdraw all sports sponsorships, as it had been ‘subjected to punitive …

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William Hill embarks on transitional journey posting group losses of £63m

Publishing its interim 2019 results (26-week period ending 2 July), FTSE250 William Hill Plc details solid progress on the firm’s five-year business transformation strategy (announced November 2018) focusing on the three core areas of digital expansion, US market growth and retail realignment. Updating investors, William Hill stated that H1 2019 trading reflected the ‘different challenges and opportunities’ that the group …

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SBC Bookies Corner: Premier League predictions & narratives

The Premier League returns to action this weekend, so SBC demands that bookmakers put their necks on the line and predict which storylines and narratives will dominate EPL season 2019/2020.  ___________________ SBC: What is the bookies’ script for EPL Season 2019/2020, are we in for a thriller or is this another repeat season of Manchester City?   Amy Jones (PR & …

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Smarkets launches SBK seeking to break barriers between punter & sportsbook

Online betting exchange, Smarkets has this morning announced the official launch of its new sportsbook product ‘SBK’, seeking to disrupt all traditional wagering engagements. A sportsbook mobile app SBK seeks to deliver punters the ‘fairest and funnest’ app for betting on sport and politics, fusing Smarkets exchange prices with a social-optimised interface. Regarded as one of the UK’s fastest-growing tech …

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No Mas… Spain moves forward on Ombudsman’s blanket advertising ban

Spanish gambling incumbents have been served their dreaded news, as national media reports that the PSOE minority government will accept ‘all recommendations’ put forward by Spain’s Civic Ombudsman on limiting gambling advertising. Despite holding no constitutional majority, the PSOE government will begin drafting a ‘Royal Decree’ which will establish new gambling advertising restrictions to be implemented as a federal law …

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Racing trio launches ‘AllSported’ JV aiming for ‘racebook excellence’

Seeking to bring new innovations and dynamics to racing markets, new joint-venture ‘AllSported’ has been formed by racing stakeholders TXODDS, Banach Technology and the Racing Post. Combining the firms’ knowledge and expertise in racing trading and technology development, the triumvirate have worked together to deliver a ‘racing-specific trading solution’. The AllSported JV sees TXODDS act as lead feed supplier of …

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Betting operators join payments suppliers for Payment Expert Forum line-up

Payment Expert Forum at Betting on Sports 2019

Payment Expert Forum, the only event for payments technology in the online gambling industry, has attracted an impressive speaker line-up that includes senior staff from leading operators such as GVC Holdings, Stars Group, Pinnacle and Betsson Group, and payments solutions suppliers Trustly, SafeCharge, Hipay and Checkout.com. Organised by SBC in partnership with PaymentExpert.com, the event at Olympia London on Wednesday …

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CIRSA orders Catalan makeover to complete Giga Games acquisition

Following a review by Spain’s Competition & Markets Commission (CNMC), Grupo CIRSA has been ordered to restructure its Catalonian commercial presence in order to complete its acquisition of slot machine and arcade hall operator Giga Games. CNMC has ordered CIRSA governance to dispose of two of its Barcelona bingo halls, whilst further demanding that the Blackstone owned gambling group ‘terminate …

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