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Q4 revenues highlight growth potential for enlarged Stars Group

SBC News Q4 revenues highlight growth potential for enlarged Stars Group

Toronto TSX-listed The Stars Group Inc has published its Q4 and full-year 2018 accounts, detailing that it has completed a ‘landmark year’, laying the foundations for its future global growth initiatives. Incorporating the assets of Sky Bet and BetEasy Australia, an enlarged Stars Group records group revenues of $2.1 billion (FY2017: $1.3bn), with the company detailing that it now operates …

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BetBright ceases operations “on a permanent basis” following 888 takeover

SBC News BetBright ceases operations “on a permanent basis” following 888 takeover

Following its acquisition by operator 888 Holdings earlier this week, Irish betting operator BetBright has ceased its gambling operations to customers “on a permanent basis”, according to a statement on the platform’s website. Customers will still be able to gain access to BetBright accounts for a period of 30 days which will allow for the withdrawal of funds or winnings. …

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Joe Saumarez Smith: Bede Gaming – “legalising and taxing sports betting is the only way forward” for India

SBC News Joe Saumarez Smith: Bede Gaming - "legalising and taxing sports betting is the only way forward" for India

With India on the brink of legalising sports betting, and a number of other countries around the world also mulling the idea, this year’s Betting on Football will be hosting a track focused upon the Global Markets that are considering liberalisation as well as looking at those that have legalised recently. One of the panel discussions on the track that …

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Paddy Power Betfair looks to rename to reflect growing brand portfolio

SBC News Paddy Power Betfair looks to rename to reflect growing brand portfolio

Bookmaker group Paddy Power Betfair has released a proposition to rebrand the group as Flutter Entertainments in a bid to reflect the group’s growing brand portfolio. In a release of the group’s preliminary full-year 2018 results, the group outlined that its recent merger and acquisition drive meant that a rebrand would be essential in order to represent its global range. …

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Paddy Power Betfair seeks ‘global podium position’ following year of strategic investments

SBC News Paddy Power Betfair seeks 'global podium position' following year of strategic investments

FTSE100 betting group Paddy Power Betfair (PPB) has published its preliminary full-year 2018 results, detailing that the firm has made progress on its global agenda, whilst navigating UK home market complexities. PPB maintains its corporate revenue growth at £1.87 billion (FY2017: £1.74bn), with the betting group detailing robust digital revenues of £948 million (FY2017: £898m), combined with an underlying digital …

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Morena Mexico propositions returning gambling back to the government

SBC News Morena Mexico propositions returning gambling back to the government

Ministers of Mexico’s ‘Movimiento Regeneración Nacional (Morena)’ social democratic party have pushed forward a proposition mandate, seeking to revamp Mexican gambling laws. Morena forms part of Mexico’s social reform coalition government, sharing its legislative agenda with the PT Labour Party. Issuing a public communique, Morena has propositioned that Mexican gambling laws be withdrawn from state assemblies, with full regulatory authority transferred …

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Scientific Games pursues further $1 billion debt note

SBC News Scientific Games pursues further $1 billion debt note

Issuing a market update, Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has announced that it will move to offer (subject to market conditions) $1.1 billion in senior unsecured debt notes. SGC’s latest debt transaction will be offered to private investors through wholly owned subsidiary Scientific Games International, with the technology group detailing that the unsecured debt notes will be …

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SportPesa nets principal sponsor extension with Hull City

SBC News SportPesa nets principal sponsor extension with Hull City

Championship football team Hull City AFC has announced a one-year extension to its existing sponsorship deal with online bookmaker SportPesa. The extension will now see SportPesa continue its principal partnership with The Tigers through to the 2019-20 season. The sports betting firm, who also feature on the shirts of Premier League club Everton, has been the Tigers main shirt sponsor since 2016. Adam …

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New Malta hub to power William Hill’s ‘digital multi-market’ vision

SBC News New Malta hub to power William Hill's 'digital multi-market' vision

FTSE250 bookmaker William Hill will move to a new multi-brand operating structure, focusing on delivering long-term international digital growth, led by new asset Mr Green’s Malta hub. Operating an expanded portfolio which has absorbed the brands of Mr Green, RedBet and further acquired igaming domains, William Hill has established a new Malta ‘integrated team’ leading expansions across established European and …

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