North America

North American news

Stars Group appoints video games pioneer John Schappert as corporate advisor

SBC News Stars Group appoints video games pioneer John Schappert as corporate advisor

Toronto TSX-listed The Stars Group Inc has strengthened its corporate governance’s strategic capacity and technology-led competencies by confirming the appointment of John Schappert as a new independent director. Regarded as a pioneer of the video games industry, Schappert is the co-founder of Tiburon Entertainment, the original games development studio of ground-breaking sports titles Madden NFL, NFL Street and NASCAR Racing. …

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Flutter sees 24% drop in profits bitten by global regulatory demands

SBC News Flutter sees 24% drop in profits bitten by global regulatory demands

Flutter Entertainment Plc, the rebranded entity of Paddy Power Betfair, has seen its interim H1 2019 profits before tax drop by 24%, as FTSE100 betting group cites changes in regulations and taxation as the lead factor in its year-on-year performance decline. Operating its enlarged portfolio of Paddy Power, Betfair, FanDuel (US), Sportsbet (AUS) and the recently acquired Adjarabet (CIS), Flutter saw …

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RMG optimistic following glorious Goodwood success

SBC News RMG optimistic following glorious Goodwood success

The partnership between Racecourse Media Group (RMG) and Goodwood Racecourse led to the successful broadcasting of last week’s Qatar ‘Glorious’ Goodwood Festival.  The five-day meeting, which was broadcast worldwide, had attracted additional interest from North America, and with the sport seemingly growing in popularity in that region of the world, organisers are hoping the increased interest continues. When asked about …

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Codere ‘advisory appointment’ rustles political feathers

SBC News Codere 'advisory appointment' rustles political feathers

Bolsa Madrid gambling firm Grupo Codere SA has caused controversy with its appointment of former Spanish Justice Minister Rafael Catala as a corporate advisor. Codere has stated to Spanish media that Catala a figurehead of Spain’s Partido Popular (Conservative Party) and former board member of the company between 2005-2011, will act as a ‘legal and regulatory advisor, with no executive …

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Kambi strikes Penn National multi-state agreement

SBC News Kambi strikes Penn National multi-state agreement

Kambi Group has significantly advanced its US profile by securing a ‘multi-state sportsbook services agreement’ with Penn National Gaming. Updating investors, Kambi details that it will become the lead sports betting systems and software supplier to Penn National, ‘North America’s largest regional gaming operator’, servicing both its on-property and digital disciplines. Nasdaq-listed Penn National operates more than 40 gaming facilities …

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IGT appoints ‘security pro’ Dr Samantha Ravich as corporate advisor

SBC News IGT appoints 'security pro' Dr Samantha Ravich as corporate advisor

New York-listed gambling technology group International Game Technology Plc (IGT) has moved to strengthen its corporate advisory confirming the appointment of Dr Samantha Ravich as an Independent Director. A scholar in national security development, political science and cybersecurity defence measures, Dr Ravich is the current Chair of the Center on Cyber and Technology Innovation at the ‘Foundation for Defense of Democracies’, …

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FSB accelerates growth strategy with £23m Clairvest Toronto backing

FSB

Industry sports betting and turnkey platform provider FSB Technology (FSB) has accelerated its enterprise strategy, having secured £23 million in working capital from Toronto TSX-listed private equity firm Clairvest Group Inc. The growth equity investment sees Clairvest become the majority investor in FSB, as the technology firm seeks to expand its platform services across regulated markets to help industry incumbents …

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