Sportsbook

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. UK: 2017 Participation statistics – profound structural change continues The latest Gambling Commission Participation Data demonstrates a GB sector continuing to evolve along relatively established lines. There are few …

The Sunday Times has this weekend reported that Paddy Power Betfair Chief Financial Officer Alex Gersh has signalled his intention to depart the FTSE100 betting group’s executive leadership team. The governance of Paddy Power Betfair is reported to have begun its executive search for Gersh’s replacement as group financial leader. Gersh will maintain the executive role with until his replacement …

GVC Holdings has announced the procurement of a 51% stake in Georgian operator Crystalbet for a €41.3m consideration, with a commitment to obtaining the remaining 49% in 2021. Coming to the agreement with the firms owner Mars LLC, the FTSE listed sports betting and gaming group stated “Crystalbet is the largest online sportsbook, and the second largest online gaming brand …

Issuing a market update, FTSE-listed online gambling group GVC Holdings has detailed that it has launched a ‘general syndication’ for its intended debt-financed takeover of Ladbrokes Coral Plc. Pursuing the larger FTSE100 Ladbrokes Coral enterprise, GVC governance has secured a syndicated ‘Lien Term B’ debt-bond valued at £1.4 billion (comprising £, € and US$ tranches). Furthermore, through the restructured debt …

Industry next-generation platform provider BtoBet has confirmed the promotion of Davide Ruggeri to the newly created position of Director of Sports. A seasoned industry executive, Ruggeri has served BtoBet as Head of Sportsbook since 2014, playing an instrumental role in expanding BtoBet’s presence within the Italian online betting market. In recent months, BtoBet has moved to redeveloping its internal structures, …

The Australian Financial Review has revealed that CrownBet and Paddy Power Betfair subsidiary Sportsbet.com.au are the two suitors bidding for William Hill Australia. Both operators are reported to have confirmed their interest this week in pursuing William Hill’s troubled Australian business division and will be allowed to perform due diligence on the asset to prepare their formal bids. The update, …

Paul Petrie is the co-founder and director of UK-based online bookmaker McBookie. A BetVictor white label, the firm specialises in Scottish betting markets – encompassing everything from novelty markets to Scottish junior football. We caught up with Paul to discuss the state of play for smaller British bookmakers, McBookie’s relationship with BetVictor and Scottish non-league sponsorship. ___________________________________ SBC: It’s no …

A strategic acquisition has led to the Gambling.com Group making a “forceful move” into the sports betting vertical, via the purchase of Bookies.com and related assets. The firm details a purchase price of an upfront payment of £2m paid as a cash consideration in conjunction with the transfer of the assets, as well as a deferred compensation of £4.5m, which …

Prime Minister Theresa May, faces threats from all sides, as she tries to negotiate the UK’s breakaway from the European Union. This week’s release of the first draft of the EU’s Brexit agreement with the UK was supposed to mark a breakthrough for PM May’s negotiating team. Instead it appears that May is on a collision course with Brussels, as …

Kindred Group Plc has confirmed the full closure of its Stan James Online brand, completing the full migration of customers onto its lead Unibet sports betting platform. Closing its Stan James Online asset, Kindred Group chooses to focus its UK growth through legacy brand Unibet and acquired online casino operator 32Red. ?Exciting news – @Unibet is preparing to welcome @StanJames …