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ROA president highlights benefits of industry cooperation

SBC News ROA president highlights benefits of industry cooperation

The President of the Racehorse Owners Association Nicholas Cooper has hailed the positive outcomes of the horseracing industry working together. At his association’s Annual General Meeting in London, Cooper described the expected record prize-money of over £160 million in 2018, a resurgence of levy funding and the setting up of a new Racing Authority as “good news for owners”. He …

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Aristocrat hooks Jeff Karp as new Big Fish Games CEO

SBC News Aristocrat hooks Jeff Karp as new Big Fish Games CEO

Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed the appointment of Jeff Karp as Managing Director & President of Big Fish Games, heading up its recently acquired social gaming subsidiary. Seeking to diversify its corporate entity beyond casino technologies, in December 2017 Aristocrat completed its $1 billion acquisition of Seattle-based Big Fish, from former owner Churchill Downs. Regarded as …

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UK Government rejects ‘distribution updates’ on National Lottery sales

SBC News UK Government rejects 'distribution updates' on National Lottery sales

The UK Government has outlined that it has rejected proposals to give weekly updates on ticket sales to firms that share out proceeds to good causes. The rejection comes after a consultation period, following proposals to reform how money is distributed charity from society lotteries. Regarding the consultation period, the government previously detailed that: “Society lotteries play a vital part …

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Spain follows through with tax break for burgeoning online gambling market

Spiffbet

Spain’s Parliament has pushed forward with its 2018 fiscal budget, which will implement a significant 5% tax reduction on a number of online gambling/betting services. Spain cuts taxes on gross gambling revenues from 25% to 20% on a range of industry online verticals including sports and exchange betting, online casino games and horseracing. Despite the recent upheaval in Spanish politics, …

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Better Collective unveils Austrian acquisitions

SBC News Better Collective unveils Austrian acquisitions

In its first acquisition since its recent IPO, Better Collective has completed the purchase of all shares in Austrian based Bola Webinformation GmbH, including its flagship product Wettbasis.com. Bola Webinformation GmbH marks Better Collective’s largest acquisition and allows the firm to expand its already strong presence in German speaking markets. The purchase price has been agreed to €36.3m, of which €30.8m has been …

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The World Cup’s Finest with KamaGames’ Ionut Chepeneag

SBC News The World Cup’s Finest with KamaGames’ Ionut Chepeneag

In The World Cup’s Finest we ask various individuals to delve into their own personal history of football’s quadrennial showpiece extravaganza, selecting a number of favourites as well as revealing what is their very first World Cup memory. Ionut Chepeneag, Social Media Manager at KamaGames, begins a new week of delving into the World Cup history books, offering a slight …

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Tough Asia backdrop sees Playtech issue new profit warning

SBC News Tough Asia backdrop sees Playtech issue new profit warning

FTSE250 gambling technology group Playtech Plc has today issued a corporate profit warning, detailing continued Asian market woes. Issuing its second Asia related profit warning over the past year, Playtech governance details a continued slowdown of its Asian market operations and services. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop. Towards the end …

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