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IBIA: Liberal sports betting regulation weakens offshore operators

SBC News IBIA: Liberal sports betting regulation weakens offshore operators

A new study on the liberal practices of sports betting regulation and their effects on sports integrity protection has been released by the International Betting Integrity Association (IBIA). The paper titled ‘The Availability of Sports Betting Products: An Economic and Integrity Analysis’ was done in conjunction with gambling market data and intelligence specialist H2 Gambling Capital.  In it, a parallel …

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Bet-at-home readies for EveryMatrix makeover as year losses mount to €1.5m

bet-at-home

Bet-at-home AG has declared a consolidated net loss of €1.5m for its full-year 2023 results as the Frankfurt Börse online gambling group continues to reorganise its operations. The €1.5m loss figure stands against €11m profit declared in 2022, in which the company recouped a cash reward of €11.5m from its discontinued Austrian business. Headline metrics saw group revenue drop to …

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Soft2Bet cites iGaming Academy partnership as commitment to talent development

SBC News Soft2Bet cites iGaming Academy partnership as commitment to talent development

Casino and sportsbook operator and platform provider Soft2Bet has offered an update on its partnership with global training specialist iGaming Academy, citing the collaboration as an example of its commitment to staff training at every level. Soft2Bet reported that the partnership has enabled it to train its teams at scale and strengthen its commitment to regulatory compliance and excellence. The …

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Betsson launches in Italy as new challenger

Betsson

Betsson has announced that it has officially launched in Italy with its sports betting offering. Described as a ‘strategic move’, the Swedish operator looks to further demonstrate its expansion into new markets which has accelerated across multiple different regions.  Ronni Hartvig, Chief Commercial Officer of Betsson Group, described how the country has grown significantly in importance for the Betsson AB-owned …

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PMU joins AFJEL to lobby on reshaping French gambling’s future

SBC News PMU joins AFJEL to lobby on reshaping French gambling's future

SBC correspondent Jake Pollard reports on French racing’s tote monopoly Pari Mutuel Urbain (PMU) joining the AFJEL union to lobby on two key topics. The French tote operator Pari Mutuel Urbain has joined the country’s online gambling trade body AFJEL as part of a move to strengthen lobbying efforts by the industry on two key topics: online casino and the potential shape …

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AUSTRAC launches AML probe into bet365 following external auditing

SBC News AUSTRAC launches AML probe into bet365 following external auditing

The Australian division of sportsbook operator bet365 has landed in hot water by attracting unwanted attention from the country’s financial regulator AUSTRAC. According to the watchdog, the probe was launched based on reports of compliance shortcomings with Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The latest is part of AUSTRAC’s ‘extensive supervisory campaign’ launched last year to …

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SBC Summit Rio: industry must show respect to Brazilian market

SBC News SBC Summit Rio: industry must show respect to Brazilian market

Competing against influencers, streamers and alternative channels, tips for working with Brazilian players, the process of aligning with new operators and diving into local culture all became key touchpoints as day one of the SBC Summit Rio rolled-on. As an Affiliate Leaders Panel took to the stage as part of the Rivalo sponsored Marketing and Affiliation track, the 40 minute …

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Entain concludes messy 2023 on £879m loss as UK/Euro headwinds continue 

SBC News Entain concludes messy 2023 on £879m loss as UK/Euro headwinds continue 

Entain Plc has closed its full-year 2023 accounts declaring corporate losses (after tax) totalling £879m as group leadership proceeds with its transformation programme evaluating the firm’s brand portfolio, capital allocation and operating structures The LSE-listed gambling group announced its FY2023 results this morning, reporting that “results are in line with expectations and leadership is committed to improving operational execution to …

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GambleAware: West Midlands at 25% higher risk of problem gambling than rest of UK

SBC News GambleAware: West Midlands at 25% higher risk of problem gambling than rest of UK

GambleAware’s latest research into problematic gambling behaviours found that the West Midlands is the region most exposed to gambling harms.  The safer gambling body’s report shows that “as 168,000 adults in the West Midlands are experiencing ‘problem gambling” – indexed at a total of 3.9% of the local population which is 25% higher than the national average.  The data comes …

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Super Group FY2023 dragged by costly US impairments

Super Group

Super Group states that it has overcome a challenging 2023, in which its corporate performance was dragged down by US-specific impairments impacting profitability. This afternoon, the parent company of Betway and Spin brands published its Q4 and full-year 2023 preliminary results, concluding by declaring its “highest ever total revenue for a fourth quarter of €359m,” a 9% increase on 2022 …

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