iGaming

Playtech has agreed to pay Israeli authorities approximately £25 million following a civil tax audit assessing its activity in the country between 2008 and 2017. The gambling software company confirmed this morning that it had reached a settlement on 31 December 2018, after acknowledging that the Israeli tax authorities had made “transfer pricing adjustments in relation to certain functions”. The …

Inbet will provide its partners with the opportunity to enhance betting volume through the development of a ‘highly-customisable’ omni-channel platform, Atomic, that allows players to bet on more than 600 games from beyond the confines of the betting shop. Adapted to a country’s specific gaming regulatory requirements, it enables players to use one registration card and PIN, which gives complete …

Stockholm-listed industry games developer NetEnt AB has confirmed the promotion of Lars Johansson as Chief Financial Officer (CFO), fulfilling the executive leadership role on a full-time basis. Johansson had led NetEnt’s finance and auditing since September 2018, following the promotion of former CFO incumbent Therese Hillman as corporate Chief Executive Officer. NetEnt’s new CFO has more than 30 years of …

Virtual sports betting provider Golden Race has integrated in-play betting markets and a cash out component for 3×3 Basket, the firm’s next big game release. The two-time winner of Best Virtual Football Product at the SBC Awards has diversified its virtual collection with a fresh take on 3×3 Basket – an urban team sport played across the globe – which …

Stockholm-listed online gambling group Cherry AB is the subject of an of SEK 9.193bn (£802m) takeover offer from a consortium fronted by British private equity firm Bridgepoint, fronted by chairman Morten Klein and Betsson CEO Pontus Lindwall. The Independent Bid Committee established by Cherry, set up specifically to consider the takeover bid on the board’s behalf but excluding chairman Klein, has recommended …

GVC Holdings announced a second multi-year extension to its already existing B2B supply agreement with Danish state owned gambling operator, Danske Licens Spil (DLS). The group have supplied online gaming and poker content to DLS since the Danish market first became regulated in 2012. Through its agreement with GVC, DLS has access to the Group’s extensive portfolio of gaming content …

DraftKings has launched the first phase of its NJ online casino platform, after a blackjack game for Android users was incorporated into the firm’s existing sportsbook app for The Garden State. According to Online Poker Report, more games will follow as the iOS client becomes available for Apple devices in the near future, but the operator has “no apparent plans …

Stockholm-listed LeoVegas AB has targeted entering the Spanish online gambling market by Q1 2019. Updating stakeholders, LeoVegas governance has this morning confirmed that it has filed for a Spanish DGOJ licence for online sports betting and casino services. Gustaf Hagman, LeoVegas AB Group CEO, detailed Spanish market entry as a key directive for 2019. He said: “We are now taking the …

Continuing its restructure/realignment of assets and divisions, Stockholm-listed online gambling group Betsson AB has confirmed that it will undertake a new strategy for its UK-centric brands in 2019. Betsson management has confirmed that it will not renew TV contracts for its NetPlay interactive gaming subsidiary with UK broadcasters ITV and Channel 5 (Viacom). The decision sees Betsson refocus on developing …