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FanDuel & DraftKings fast track merger plans

SBC News FanDuel & DraftKings fast track merger plans

US tech news sources are reporting that FanDuel and DraftKings are fast tracking merger plans, with their corporate governances ‘hammering out’ combined enterprise details for stakeholders and investors.   Last weekend, news broke that FanDuel and DraftKings governances had entered initial merger negotiations. Nevertheless, industry commentators quickly pointed to the pairs’ fraught relationship following years of hostile battle for outright …

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Groundbreaking Golden Race first again with Malta licence

SBC News Groundbreaking Golden Race first again with Malta licence

Innovative betting industry supplier Golden Race has become the first virtual sports developer to receive a Class 4 licence in Malta. The company received the recognition from the Malta Gaming Authority (MGA) earlier this month after an extensive application process. The award of this licence is the latest development in Golden Race’s push to be the biggest virtual sports provider to …

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I pronounce you ‘Ladbrokes Coral Plc’…historic industry merger complete!

SBC News I pronounce you 'Ladbrokes Coral Plc’…historic industry merger complete!

  Following 18 months of negotiations, the merger of Ladbrokes and Coral has finally been completed, with the new enterprise officially adopting the corporate name of Ladbrokes Coral Plc. Issuing a short statement, Ladbrokes governance confirmed its official merger completion this morning: “Ladbrokes plc announces it has today changed its name to Ladbrokes Coral Group plc. The merger is expected …

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Cash strapped Deutsche Bank eyes $440 million sale of Red Rock Resorts

SBC News Cash strapped Deutsche Bank eyes $440 million sale of Red Rock Resorts

The Financial Times has reported that embattled European bank Deutsche Bank is preparing to cash-in on its 17% stake in Nevada casino operator Red Rock Resorts (formerly known as Station Casinos). Deutsche governance are reported to be seeking a $440 million sale price for its stake in Red Rock a company it invested in 2011 as the operator looked to …

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Betclic expands Portuguese presence with Vitória FC partnership

SBC News Betclic expands Portuguese presence with Vitória FC partnership

Seeking to boost its profile in the recently regulated Portuguese online gambling market, French bookmaker Betclic (Betclic Everest Group) has announced that it has entered a betting partnership with Vitória FC. The bookmaker will become Vitória FC’s ‘Official Betting Partner’ for season 2016/17. Betclic confirms its first football partnership following the granting of its Portuguese online gambling licence in May. The operator …

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‘Strategy casino’ Ikibu launches affiliate platform with Income Access

SBC News ‘Strategy casino’ Ikibu launches affiliate platform with Income Access

Spanish online gambling enterprise Ikibu (Ikibu.com) has launched its European affiliate program with industry marketing and player acquisition specialist Income Access. Launched this October, Ikibu has labeled itself as the industry’s first ever ‘strategy casino.’ Ikibu aims to challenge the European igaming sector by offering online casino players more engaging game formats, challenges and rewards. The new casino operator, states …

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William Hill – Trump Bandwagon rolls in final week of campaigning

SBC News William Hill – Trump Bandwagon rolls in final week of campaigning

Following this weekend’s update by FBI Director James Comey, that the bureau would reopen its investigation of Hillary Clinton’s emails whilst the Democrat candidate served as Secretary of State (2009-2013). With just one week of campaigning remaining in the 2016 US Election, bookmaker William Hill has moved to lengthen Clintons Presidency odds from 1/9 to 2/7, giving the Democrat a …

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Competition concerns see UK CMA call for ‘Phase 2’ investigation of Novomatic Talarius buyout

SBC News Competition concerns see UK CMA call for 'Phase 2' investigation of Novomatic Talarius buyout

The £116 million acquisition of Talarius arcades by Novomatic Group (Novomatic) faces an ‘in-depth investigation over competition concerns’ by the UK Competition & Markets Authority (CMA). Publishing an industry update, CMA officials detailed that following Novomatic’s acquisition of Talarius, the company would operate 264 UK adult gaming centres, which may harm sector competition conditions. Stating its concerns, the authority detailed …

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FIFA alerted to suspicious betting patterns in World Cup qualifier

SBC News FIFA alerted to suspicious betting patterns in World Cup qualifier

England’s World Cup qualifying group has been subjected to claims of ‘suspicious betting’, after irregular patterns during Malta’s defeat to Lithuania three weeks ago were flagged up to FIFA. The world governing body was alerted to huge sums of money being placed on the match, which took place on the same night that England drew 0-0 in Slovenia. It has …

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