Austrian gambling technology conglomerate Novomatic AG has confirmed that Harald Neumann has handed his resignation as Group Chief Executive. Issuing a corporate statement this weekend, Novomatic governance disclosed that Neumann had resigned from CEO duties on Saturday 29 February, ending his six-year tenure as company leader. Novomatic governance detailed that Neumann had chosen to leave leadership of the technology group’s executive …
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Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement, Novomatic confirms that it has reached a binding agreement with SAZKA dependent on regulatory approvals. The transaction will see SAZKA increase its shareholding in Casinos Austria to 55% (formerly 38%), after securing majority investment rights in the leading …
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The Austrian Association for Betting and Gambling (OVWG) is pushing for more transparency in the country’s gambling laws after a series of police raids investigating corruption between politicians and the country’s monopoly operator. OVWG, which counts among its members bet-at-home, Interwetten, Mr Green and Kindred Group, believes that the controversy around the appointment of former Freedom Party of Austria (FPO) …
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Publishing its Q3 2019 trading update (period ending 30 September) Frankfurt Xetra-listed bookmaker bet-at-home AG reports continued strong commercial momentum, despite the company booking an €11.5 million Austrian tax charge. Updating investors, bet-at-home reports 2.5% increase year-to-date betting and gaming revenues of €107 million (YTD2018: €104m). The operator highlights that it has been able to maintain its YTD wagering capacity …
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Leading DACH-region bookmaker Tipico Sportwetten will enhance its betting shop engagement and all-round customer experience by utilising Bettorlogic content and analytics solutions. Securing a new partnership, Tipico will deploy Bettorlogic’s extensive betting content service across its entire German and Austrian retail portfolio. The agreement will see Tipico’s 1,200 betting shops upgraded with Bettorlogic’s comprehensive range of live updates and further …
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Athens-listed gambling group OPAP SA is facing disruption in its home market of Greece following the decision taken by the State Council to revoke the operator’s online sports betting licence. Judges of Greece’s highest-ranking administrative court upheld an appeal made by Austrian operator Goalbet, who challenged the Hellenic Gaming Commission’s (EEEP) licensing approval of OPAP online sportsbook subsidiary Pame Stoixima. The …
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The International Betting Integrity Association (IBIA) has submitted its response to the European Commission (EC), in relation to the state of Lower Austria drafting its ‘Sports Betting Act’ which seeks an assessment on compatibility with European Union laws. Last August the executive of Lower Austria, published its draft legislative mandate seeking to comprehensively revamp its state wagering laws, that have …
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Issuing a market filing, Frankfurt Xetra-listed betting group bet-at-home AG has disclosed to corporate investors that it anticipates paying €11.9 million tax back charges sanctioned by Austria’s tax authority. The DACH region operator states that its tax demand is attached to its wholly-owned Austrian subsidiary ‘bet-at-home.com Entertainment, Linz, Austria’. The Frankfurt betting group attributes its demand to Austrian tax audits …
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DACH region online betting group Interwetten Sports, continues its senior management restructure, announcing the appointment of Lukas Reichl as new Sponsorship & Public Relations lead. Reichl joins Interwetten leadership from Sportradar Austrian live sports streaming platform LAOLA1, where he formerly served as Head of Sponsorship for Austria, overseeing the management of key partnerships with Austrian ice hockey, basketball and handball …
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SBC America’s Chris Murphy wonders whether the gaming industry will get on track with the latest proposals around machine play and social responsibility. We can only hope that anyone from the Category B gaming machine sector was seated when they read through the Gambling Commission’s latest missive this week, calling for evidence on said machines. The implied message is that …
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