Sportsbook

Aristocrat cuts 1,000 jobs due to COVID-19

Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that it will stand down 1,000 members of staff as it seeks to mitigate the impact of COVID-19. In a statement, Aristocrat confirmed that the majority of those that will be stood down are based in the US, where the company has the majority of its staff, but has also stood …

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Premier League backs ‘Project Restart’ but COVID-19 questions remain

Seeking to break COVID-19’s scheduling impasse and logistical complexities, the Premier League is reported to have established ‘Project Restart’ to maintaining its desired objective to conclude the 2019/2020 football season. The Sunday Times this weekend reported that Premier League governance targets a ‘league restart’ on Monday 8 June, with matchdays to be played behind closed doors at ‘select stadiums’, completing …

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Stars Group investors back Flutter combination outright

Gambling’s merger between Flutter Entertainment Plc and The Stars Group Inc (TSG) has cleared a further  hurdle, as this afternoon TSG shareholders approved terms forming a new $11 billion entity. Issuing a corporate filing, TSG governance confirmed that company investors had voted 99% in favour of completing the merger deal with Flutter. TSG’s merger approval follows Flutter’s shareholder vote on Tuesday, …

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Kindred confirms Johan Wilsby as inbound CFO

Further to publishing its Q1 2020 trading update this morning, Kindred Group Plc has confirmed the appointment of Johan Wilsby as new Group Chief Financial Officer (CFO). Wilsby is to join Kindred’s executive leadership team in Autumn 2020, and will replace current CFO incumbent Albin de Beauregard. A seasoned financial lead for fast growth technology enterprises, Wilsby will join Kindred …

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Gauselmann Group outlines plans to reopen once lockdown lifted

As the German government begins to relax some of the COVID-19 social distancing measures, Gauselmann Group has set out its strategy to resume business activities. As a result of the global pandemic, the gaming operator and manufacturer was forced to close all 700 of its gambling venues across Germany alongside 10 of its casinos. But as the number of cases …

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Interwetten strikes virtual partnership with Golden Race

Sports betting and online gaming operator Interwetten has agreed to integrate a range of virtual sports and games from Golden Race after the duo secured a new agreement. Under the new agreement with Interwetten, Golden Race has continued to build upon its European growth strategy, with its services now available across 50,000 shops and featuring on more than 400 websites. …

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Tightened Swedish regulations could cause more harm than good, says EGBA

Instead of supporting gamblers during the COVID-19 lockdown, enhanced online gaming restrictions in Sweden ‘could do more harm to consumer protection’ according to the European Gaming and Betting Association (EGBA). Yesterday, Sweden’s Minister for Health and Social Affairs Ardalan Shekarabi  proposed that weekly deposits were limited to SEK5,000, with a SEK100 cap on bonus offers in a bid to protect …

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Kindred Q1 growth hit by exceptional charges

Kindred Group has this morning published its Q1 2020 trading update stating that its business model has shown its ‘resilience against COVID-19’s exceptional circumstances’. The Stockholm-listed operator recorded a strong opening to 2020 trading, with group revenues ‘returning to double digit growth’ with the group reporting a 11% increase to £250m (Q12019: £224m). During Q1, Kindred detailed that all core markets …

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Favourable football results and US expansion drive Kambi Q1 growth

Sports betting platform and systems provider Kambi Group has attributed a period of sustained growth to a ‘strong soccer performance’ and continued US expansion. Publishing its Q1 report for the three month period ended 31 March 2020, Kambi noted a 33% increase in revenues, rising from €21 million in Q1 2019 to €27.9 million. Despite a reduced sports schedule from …

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Sportradar boosts sports coverage despite COVID-19 disruptions

Sports data and content supplier Sportradar has reported an increase in its delivery of sports content and coverage despite the lack of live sports globally due to COVID-19. Despite the global shutdown on live sports, Sportradar’s Live Odds coverage is up 30%, while Live Data is up 20% compared to this time last year, largely driven by its addition of …

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