Sydney-based sportsbook and fantasy sports operator PlayUp has secured $25 million through the completion of an oversubscribed capital placement. PlayUp said that it has secured the $25 million funding on terms related to a ‘non-renounceable entitlement offer’ underwritten by Investorlink Securities AFS, which the company will use to launch its US wagering proposition. Targeting expansion within the $17 billion US …
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This morning’s sitting of Spain’s Council of Ministers has approved the formal passing of the ‘Royal Decree on Advertising’ ushering in a new era for Spanish gambling. Enforced as a federal law, Spain’s autonomous communities will apply a ‘night time window of 1-5 am’ in which gambling advertising (excluding ONCE and SELAE lotteries) will be allowed to be broadcast across …
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Kindred Group Plc has moved to consolidate its Italian market presence under its flagship Unibet sportsbook brand. The decision sees the Stockholm-listed operator retire its 32Red (32Red.it) subsidiary from the Italian market. 32Red had maintained an Italian sportsbook presence since 2012, prior to the firm’s £175 takeover by Kindred Plc in 2017, a strategic acquisition primarily undertaken to significantly boost …
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The government of Ontario, Canada’s most populous province, is set to move ahead and establish the foundations for a liberalised igaming market – a move that will likely have significant consequences for how Canada chooses to regulated sports betting. Publishing its provincial budget, Ontario’s legislative assembly will reveal its conditions for launching a regulated igaming marketplace – a subject that …
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SportPesa’s return to its home market of Kenya has been impeded following a licence suspension authorised by Kenya’s Betting Control & Licensing Board (BCLB). Following a year-long hiatus from Kenya’s sports betting market, SportPesa intended to relaunch its betting services this weekend under a licence held by new operating firm ‘Milestone Bet’. Prior to its planned re-launch, SportPesa CEO Ronald …
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UK sports have avoided a hammer blow as the government confirms that ‘elite sports can continue behind closed doors’ during the looming month of lockdown restrictions sanctioned across England. However, despite relief at avoiding a blanket cancellation of sports calendar, UK bodies remain sceptical as to how the government will ensure COVID-19 safeguards and further financial support for impacted wider …
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Kansspelautoriteit (KSA), the Netherlands’ regulatory authority for gambling, has published its draft documents of ‘Remote Gambling Act’ (KOA) for licensing requirements, made available to all parties interested in joining the country’s regulated online gambling marketplace in 2021. Helping incumbents prepare for the launch of its licensing window on 1 March 2021, the KSA has released draft versions of ‘KOA Policy …
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Following on from its partnership with city rival AC Milan, Betsson AB has confirmed that its flagship Italian igaming property StarCasino will serve as ‘principal Infotainment partner’ of Inter Milan FC. Abiding by Italy’s ‘Decree Laws’ prohibiting all forms of gambling advertising, Betsson AB will develop exclusive digital content for Inter fans published on its new media platform Starcasino.sport. Launched …
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Kindred Group Plc has reaffirmed its market-leading position within Belgium by agreeing to acquire Rank Group subsidiary Blancas NV for a total valuation of £25 million (cash and debt-free basis). Blancas NV is the operating firm of the ‘Casino Blankenberge’ located in the Belgium Flemish province of West Flanders and functions as one of nine casinos allowed by the Belgium …
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Coral has launched its new nationwide campaign ‘Sunday League’ celebrating Britain’s passion for football and its importance to all communities. The campaign sees Coral continue its work with new creative advertising agency, Bartle Bogle Hegarty (BBH London) who at the start of 2020 took over the bookmaker’s account to refresh Coral’s brand image. Sunday League follows Coral’s ‘At the Races’ …
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