Sportsbook

Commercial & Delivery effective Kambi records strong 2018 opening

Stockholm-listed, betting platform and software provider Kambi Group Plc has detailed a strong opening momentum for 2018. Publishing its Q1 2018 trading update (period ending 31 March), Kambi records a 15% increase in corporate revenues to €16.4 million (Q1 2017: €14.2 million), with the betting platform provider maintaining a high 7.9%  trading margin. Continuing its strong momentum from a record …

Read More »

High activity Kindred Plc reports strong opening to 2018

Stockholm-listed online gambling firm, Kindred Group Plc has reported a strong opening to 2018, as the multi-brand/ multi-market operator continues to benefit from its expansion strategy, supported by further ‘organic growth’. Publishing its unaudited Q1 2018 results (period ending 31 March), Kindred records a 36% group revenue uplift to £207 million (Q1 2017: £153 million). The positive revenue momentum, sees Kindred …

Read More »

Blackout… Norwegian coalition moves to implement severe online gambling restrictions

A coalition of Norwegian political parties has secured a mandate demanding that Parliament and the cultural committee of Storting (Norway’s legislative assembly) move to severely restrict consumer engagement with foreign online gambling/betting operators. Securing the motion, the coalition of Norway’s Labour, Christian Peoples, Socialist Left and Centrist Parties’ have developed a combined mandate, which demands that Storting move to immediately …

Read More »

Rafi Ashkenazi – New look Stars Group will be online gambling’s MVP

Addressing The Stars Group Inc investors, Group Chief Executive Rafi Ashkenazi has detailed his firm’s newly enlarged global gaming vision, having completed three industry-defining acquisitions in under two months. As the global betting sector prepares for a crucial summer of football trading, Ashkenazi states that the Stars Group has acquired ‘the world’s best online sportsbook in Sky Bet’. Combining Sky …

Read More »

Kindred enriches sportsbook offering with new racing platform

Pontefract - Copyright: phil_bird / 123RF Stock Photo

Continuing to place a greater emphasis on its racing product, Kindred Group has developed and launched a new proprietary racing platform for its UK and Irish customers. The new platform will offer customers a 24-hour service across all major racing territories and will serve as a strong complement to the group’s existing sportsbook products. The launch of this new platform …

Read More »

ECB proposals “another addition to an already packed marketplace”

Copyright: flynt / 123RF Stock Photo

The England and Wales Cricket Board (ECB) forwarded proposals for a new 100-ball cricket format last week, which it is fair to say had received very mixed reactions worldwide. Encapsulating fifteen traditional six-ball overs and a final ten-ball over, meaning it will be twenty deliveries shorter than the ever growing Twenty20 (T20) format, plans would see an eight team city …

Read More »

The Stars Group changes corporate structure & debt capacity for Sky Bet acquisition

The Stars Group Inc has moved to restructure its corporate debt facilities, alongside its future operational structure to accommodate its agreed $4.7 billion (€3.9 billion) acquisition of Sky Betting & Gaming (SB&G). Detailing further insight of its industry-changing acquisition, Stars Group governance is set to pay ‘$3.6 billion cash’ to CVC Capital and Sky Plc for SB&G’s entire asset portfolio. …

Read More »

Kindred promotes Maris Bonello to Sustainability & Research lead

Expanding its social responsibility and safer gambling initiatives, Kindred Group Plc has confirmed the promotion of Maris Bonello to the newly created role of Head of Player Sustainability, Research & Integrity. Bonello the former Integrity Analytics lead for Unibet, will head up a data team working alongside Kindred’s legal and compliance teams, focusing on group-wide player-to-product sustainability standards. Furthermore, the …

Read More »

Game Changer! The Stars Group agrees to acquire Sky Bet for $4.7 billion

Toronto TSX-listed The Stars Group Inc continues its M&A drive, confirming this morning that it has reached an agreement with private equity firm CVC Capital Partners and Sky Plc to acquire Sky Betting & Gaming (SB&G) outright. Seeking to create the world’s ‘most valuable, listed online gambling enterprise’, the Stars Group governance has put forward a ‘cash and stock transaction valued …

Read More »

Betsson hires Peter Zäll as Chief Strategy Officer with Swedish focus

Stockholm-listed online gambling group Betsson AB continues its executive management team restructure confirming the appointment of Peter Zäll as new Chief Strategy Officer (CSO). Zäll joins Betsson’s executive team from Swedish state-owned gambling operator Svenska Spel, where he served as Group VP of Product & Marketing (2012-2017). Updating the media, Betsson governance confirmed that Zäll’s appointment would initially prioritise the …

Read More »