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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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Sportradar expands North American portfolio with USL data deal

SBC News Sportradar expands North American portfolio with USL data deal

Sportradar has announced a six-year partnership with the United Soccer League (USL). Through the deal with the USL – the largest professional association football league in the US – the Swiss sportstech and data provider looks to expand its portfolio of North American partners, whilst focusing on delivery of data and audio-visual products. Sportradar has been named official betting and …

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Genius Sports beats FY2023 targets as 2024 focus turns to profitability

SBC News Genius Sports beats FY2023 targets as 2024 focus turns to profitability

Genius Sports Inc celebrates its eighth consecutive quarter of growth, as its yearly revenue and earnings results surpass market expectations. In its full-year 2023 report released today, Genius Sports announces corporate revenues of $412m, marking a 21% increase from FY2022’s comparative results of $341m. The growth in headline revenues exceeds the NYSE betting technology, media, and data group’s expected revenue …

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EGBA backs EU Parliament endorsement of new e-ID law 

EGBA 'confident of thorough investigation’ into legacy Dutch lottery licences

The decision of the EU Parliament to approve the new European Digital Identity has been welcomed by the European Gaming and Betting Association (EGBA).  According to the gambling industry trade group, the regulation’s endorsement at the highest level of EU politics “marks a significant milestone in the journey towards a more secure and inclusive digital environment for all citizens” across …

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iGP set to enter crypto sector with solutions that ‘maximise opportunity’

SBC News iGP set to enter crypto sector with solutions that ‘maximise opportunity’

iGP is gearing up to enter the crypto sector as the provider unveiled its upcoming tailored solutions for operators, as well as fiat currency. Launching its ‘Road to Lisbon’ campaign at SBC Summit Rio this week, the company looks to promote its new cryptocurrency solutions which will launch later this year, which aim to assist entrepreneurs and established businesses to …

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EFL agrees new international TV rights deals

Premier League sponsorships: Can 'provocative action’ be taken on responsible partnerships?

EFL clubs have officially announced new international TV rights deals to broadcast EFL competitions globally. In two four-year partnerships with Pitch International and Relevent Sports, the agreements signify a ‘landmark’ in guaranteed international rights fees for EFL clubs and. With these new arrangements, the league will be represented by two different agencies covering global TV markets until the conclusion of …

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