Sportsbook

The latest sportsbook news for the gambling industry, sponsored by Metric Gaming

 

Luckbox calls for systems makeover by Aspire Global

Luckbox is set to undertake an overhaul of its core operating systems powered by technology solutions from Aspire Global. Real Luck Group, the TSXV-listed management company of Luckbox, has entered a strategic partnership with Aspire Global to serve as Luckbox’s lead casino and sports betting systems provider. The partnership will see Aspire’s BtoBet Neuron platform replace EveryMatrix’s OddsMatrix engine as …

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Bolsonaro approves GGR tax modification for Brazil’s inbound sports betting regime

Brazilian President Jair Bolsonaro has signed into law a federal decree that regulates tax regimes for a number of industries, including Brazil’s yet to be launched sports betting regime.   Signed as Law No. 14,183, the order was included in the Official Gazette of Thursday 15 July. The decree’s mandate stems from the ‘Provisional Measure 1,034/2021’ previously approved by the Plenary …

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Parimatch rebrands corporate identity to Parimatch Tech

Leading CIS betting group Parimatch has rebranded its corporate identity to ‘Parimatch Tech’ to better reflect the firm’s strategic vision as a multi-market, proprietary-built sports betting incumbent.  The corporate rebrand conveys Parimatch Tech’s 27-year journey, transitioning from a single betting shop to a pioneering tech-first betting enterprise maintaining a global footprint within the Ukraine, Cyprus, UK, Kazakhstan, Belarus, Tajikistan, Tanzania, …

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Entain refinances debt terms ahead of critical H2 trading

The board of Entain Plc has secured a first lien term loan valued at $1.12 billion (€995m) to refinance the company’s long-term corporate debt holdings. Updating investors, the FTSE100 gambling group will use the proceeds of its new loan to refinance its outstanding $774 million loan, which was due to mature from 29 March 2024. The transaction sees Entain expand …

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Bookmakers tread careful path on HMRC FOBTs rebate

Bookmakers and hospitality businesses are examining whether they are in-line to receive multi-million VAT refunds from the government, in relation to HMRC overruled calculations on FOBTs charges.  This weekend, The Times reported that up to 1,000 UK businesses that operated fruit machines, one-armed bandits and coin-pushers are reviewing whether to claim compensation from HMRC.  The dispute relates to HMRC collecting …

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Stats Perform to ‘boost exposure and appeal’ of BWF fixtures

Stats Perform has secured a partnership with the Badminton World Federation (BWF), becoming the exclusive distributor of the sport’s live streams and real-time stats to licenced betting operators. The agreement will cover the elite men’s, women’s and mixed tournaments of the global badminton, including distribution of data concerning 100% of all players on the courts.  Tournaments covered under the terms …

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Former F1 team manager Eddie Jordan to lead $1bn bid for OpenBet

Eddie Jordan, the Irish businessman who made his name in Formula One management and analysis, is leading a $1 billion bid for Scientific Games’ OpenBet sports betting division, according to The Currency. The planned takeover was reportedly confirmed by former Australian Formula One racing driver Mark Webber in an Instagram post, describing the development as ‘a mega acquisition in gaming’. …

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Rada opens passage for a simplified Ukraine gambling tax code

Ukraine stakeholders have cited progress on the deliberation of the gambling tax framework required to finalise the market terms of the federally approved Ukraine Gambling Law. Yesterday, the Verkhovna Rada (federal parliament) approved the first reading of amendments made to the Gambling Law’s ‘tax code’. Alongside outstanding technical certifications, the Rada is yet to settle on the final tax framework …

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10 MPs received match tickets from betting firms throughout Euro 2020

The BBC has reported that 10 MPs from the two largest political parties received tickets to UEFA Euro 2020 Championship, in addition to other prominent sporting tournaments. Overall, eight Conservative Party MPs and two Labour Party MPs were gifted tickets worth between £1,537.60 and £3,457, with the two members of the latter party serving as members of the Shadow Cabinet. …

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Superbet acquires Napoleon’s to establish Belgian market leadership

Superbet Group will take leadership of Belgium’s gambling marketplace, having agreed to acquire outright Napoleon Sports and Casino. The Romanian gambling group reached a takeover agreement with European private equity fund Waterland PE, with parties choosing not to disclose financial terms of the transaction, which is reported to be valued above €350 million. It is a transformative deal for Superbet, …

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