Sportsbook

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 …

Betfair has released its new ‘Auto Cash Out’ functionality, which will be made available for its UK and Ireland Exchange customers. The new cash out feature allows players to ‘lock-in a profit’ automatically on Betfair Exchange’s live markets.   Launching the new feature, Betfair customers will now be allowed to take an ‘active cash out position’ on Exchange markets. The …

Football INDEX, the world’s first football stockmarket which enables ‘football traders’ to buy and sell real money shares in the world’s top professional footballers, has announced its expansion into Sweden and Canada. As of this month, football fans in Sweden and Canada will be able to utilise their football knowledge and build a portfolio by selecting from over 2,000 footballers …

Kambi has announced an enhancement of its sportsbook platform, via a strategic investment in gaming start up Virtus Sports. The deal, concluded for £500,000 (€565,000), sees Kambi take a stake of just over 25% in the firm, with the investment paid in net cash, which as of December 31 of last year stood at €26.9m. Under the terms of the …