Sportsbook

Russian business news sources are reporting that GVC Holdings’ European sports betting subsidiary Bwin is preparing to launch a licensed Russian sportsbook property Bwin.ru in partnership with Digital Betting LLC. The Bwin project is said to be supported by Russian billionaire financier Alexander Mamut, whose investment firm owns Russian bookmaker Digital Betting LLC which will act as licensing partner in …

With less than 24-hours to go until polling stations open, UK bookmakers have shortened the odds on a Conservative Party UK 2017 General Election ‘majority victory’. This morning Paddy Power Politics, detailed that it had cut its ‘Tory Majority’ price from 1/4 to 2/9. Furthermore, the bookmaker has drifted Labour leader Jeremy Corbyn’s chances of becoming PM to 4/1, having …

Updating the market, Stockholm-listed European online gambling group Kindred Group Plc (Kindred) has confirmed that it has completed it’s £175 million acquisition of 32Red Plc (deal first announced 23 February). The announcement sees Kindred acquire 97% of 32Red Plc’s shares, which will now move to fully delist from the London AIM exchange market. Kindred governance informs that it has attributed …

Betway has agreed a contract extension to sponsor the Grade One Queen Mother Champion Chase for the next three Cheltenham Festivals. The champion two-mile chase was Betway’s first major racing sponsorship deal back in 2015, when Dodging Bullets shot to victory under Sam Twiston-Davies, and the leading online bookmaker will now sponsor the top-level contest up to and including 2020. …

Redundancies are on the cards at Sun Bets, the online bookmaker run by Australian operator Tabcorp Holdings and with UK national newspaper The Sun, as the business gets ‘reset’ after a disappointing start. Tabcorp has confirmed that the company is in discussion with a number of its employees as it looks to close its customer contact centre and bring all …

The Shaked Family the largest shareholders in 888 Holdings, have earned a reported £108 million by selling 40 million shares in the FTSE250 listed online gambling group. The family executed its share sale last week at a value of £2.70 per share and will see the combined Shaked shareholding reduced to 37% of equity. Israeli business news sources report that …

Copenhagen-based start-up Kiggit has announced the launch of its football pools betting app for the UK market, having been approved a UK Gambling Commission (UKGC) License last September. Founded by CEO Jakob Hagemann, Kiggit aims to bring football pools to the social media generation. Hagemann describes the product as a ‘hybrid product, where the Betfair Exchange meets The Football Pools …

Spanish operator Sportium has confirmed that it has renewed its official betting partnership with La Liga de Fútbol Profesional (LFP), the governing body of La Liga, Spain’s highest level of professional football for a further two years. Sportium the Spanish joint-venture firm backed by Ladbrokes UK and Spanish legacy gambling operator Grupo Cirsa has acted as LFP betting partner since …

Independent online bookmaker bet365 has committed £7.7 million towards building a 33,500 square foot ‘leisure & training centre’ at Etruria Valley Business Park (Stoke-on-Trent – Staffordshire). The bookmaker has been granted planning permission by Stoke City Council to redevelop the area, with the facility expected to be open by April 2018. The Etruria Valley premises is set to feature two …

Spanish gambling group R. Franco has expanded its digital gaming division ‘R. Franco Digital’ within the South American market, announcing that it has entered a partnership with Colombian operator Corredor Empresarial S.A. The agreement will see R. Franco Digital integrate its IRIS omni-channel platform for Corredor Empresarial online gambling brands. R. Franco will serve as a lead supplier for the …