More reform is now needed within the UK casino industry, according to David Williams, Director of Public Affairs at Rank Group. Highlighting that several improvements “cannot come a moment too soon” in a blog post on the Betting & Gaming Council’s (BGC) website, Williams added that while the changes are needed quickly, casinos in the UK are not blessed with …
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Flutter keeps faith in global progress against regulatory hurdles
Flutter Entertainment leadership remains confident in the group’s Australian prospects despite a slowdown in trading from the country during Q3, as outlined by CEO Peter Jackson and CFO Paul Edgeliffe-Johnson. The leadership duo addressed investors and analysts this morning after the group’s Q3 earnings call, which revealed an overall group-wide revenue increase of 8% to £2bn (Q3 2023: £1.9bn) whilst …
Read More »BetMGM assembles media agency hit team for UK landing
BetMGM will utilise four media and PR agencies to support the expansion of its UK operations, partnering with Recipe, Boldspace, Tomorrow Advertising and The Media Network. The MGM Resorts brand launched in the UK in August LeoVegas’ platform – the Swedish igaming group was itself acquired by the Las Vegas conglomerate in 2022 – and has been consolidating its marketing …
Read More »Kambi deepens LeoVegas links with BetMGM UK support
Kambi and LeoVegas have detailed continued momentum for their long-standing partnership, with the former supporting the UK launch of BetMGM. A so far solely US-facing brand of the MGM Resorts International group, BetMGM is being taken live in the UK using LeoVegas’ platform and utilising Kambi’s sportsbook services, including its Bet Builder and AI-powered algorithmic trading capabilities. LeoVegas Group has …
Read More »Lindar Media faces UKGC regulatory action for AML & social responsibility failures
Lindar Media Limited, the operator of online casino Mr Q, is facing regulatory action by the UK Gambling Commission and has been ordered to pay £690,947 for social responsibility and anti-money laundering failures. The regulatory action follows an investigation by the UKGC into Lindar Media, which found failings in the operator’s processes aimed at preventing money laundering and protecting individuals …
Read More »Michael Daly stands by North America as growth child of Catena Media
Following a difficult trading period for Catena Media CEO, Michael Daly, remained optimistic in the group’s ability to reach an ‘achievable but challenging in goal’ in North America. Following a series of transformations, North America, particularly in the last year, has been the main cash cow for the Stockholm-listed media publisher. Yet, momentum was interrupted during Q2, with the firm’s trading …
Read More »UK GGY hits £1.3bn mark according to latest Commission data
The latest UK Gambling Commission (UKGC) data has shown a steady increase in betting activity during Q4 of the 2022/23 financial year, partly influenced by key wagering events taking place during the quarter. Commission data showed a 5% increase in gross gambling yield (GGY) from January to March 2023 against the previous year to £1.3bn (2021/22: £1.18bn), with a 9% …
Read More »LeoVegas details difficult Q1 posting losses of €8m
LeoVegas AB has reported a difficult opening to 2023 trading, having registered a group-wide decline in revenues across key markets. The new property of MGM Resorts, LeoVegas reported total quarterly revenue of €95m, a 4% decline on previous year income of €98.5m, whilst EBITDA also declined 3% from a Q1 2022 loss of €2m to a deeper loss of €3m. …
Read More »Ian Catchick: the UK market is the ‘perfect fit’ for Twain Sport
The UK is known for its affinity for sports content, among many other things. Whether it’s football, horse racing, rugby or even Formula 1, bettors in the UK are arguably some of the greatest consumers of sports in the world. For betting companies, this presents a whole host of opportunities to tap into new audiences – an opportunity that BetGames …
Read More »MyRacehorse hires Ted Durcan as it grows ‘unique model of ownership’ in the UK
MyRacehorse has announced the hiring of two-time Classic-winning Jockey Ted Durcan as the group’s new Bloodstock Consultant in the UK and Ireland The micro-share horse racing syndicate will work with Durcan to select horses both at public and private auctions as the company looks to expand its portfolio of horses available for customers to purchase. Kate Hardy, Director of Operations …
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