Business News

Newgioco plans to tap into US sports betting market

Italian gambling firm Newgioco Group, Inc. has disclosed new plans to expand into the US sports betting market, where several other European companies are eyeing the newly liberalized sports betting market. Ahead of its expansion, Newgioco confirmed that it has plans in place to develop and publish a US-focused demo betting …

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Global Gaming launches NanoCasino in Sweden

With the launch of Nanocasino.com, Global Gaming has returned to Sweden nearly two months after its local license was revoked for serious deficiencies in its anti-money laundering and KYC practices. Last month the company announced a partnership with Scandinavian online gambling content and platform provider Finnplay. The first product of …

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Rakuten hopes to extend sponsorship of GS Warriors

The chief executive of Rakuten’s Americas operation, Amit Patel, has revealed that Rakuten is looking to “play the long game” when it comes to its jersey patch deal with the National Basketball Association’s (NBA) Golden State Warriors. The three-year partnership between the duo signed in 2016, which is estimated to be worth close to …

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GVC donates football sponsorships to GambleAware

Ahead of the upcoming football season, GVC Holdings has confirmed that it will be donating a number of its current sponsorship deals to GambleAware’s ‘Bet Regret’ campaign. The move will apply to sponsorship deals across England and Scotland, including GVC-owned Ladbrokes’ title sponsorship deal with the Scottish Professional Football League (SPFL). In the case …

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William Hill adds 4th casino to Iowa roster

Sports betting firm William Hill US and Lakeside Hotel & Casino have revealed plans to open a new William Hill Sports Book on the lower level of the Iowa casino on August 15, the same day that sports betting in the Hawkeye State can begin. The sportsbook, which is currently under construction, will offer guests …

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New Zealand launches public consultation on online gambling

New Zealand’s Department of Internal Affairs (DIA) has launched a public consultation to ask the public to weigh on whether or not the online gambling options for the public in the country should be expanded. The country’s gambling laws date back to 2003, and since then internet technology has developed …

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Penn National agrees multiple online gambling deals

Penn National Gaming announced five major partnerships that will help the casino operator claim a larger share of the rapidly growing US regulated sports betting market. New York-listed operator has entered into market access agreements with DraftKings, PointsBet, theScore and The Stars Group, as well as a sports betting technology …

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German betting licensees ordered to cut online casino ties

Any online sporting bet operator wanting to be eligible for a license to operate in Germany must cut ties with any online casino operation that is accepting German customers. The Regional Council of Darmstadt, representing the state of Hesse, has ordered all licensees to agree to not offer unregulated forms …

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Ladbrokes Coral to pay £5.9m for various failings

The United Kingdom Gambling Commission (UKGC) has found “systemic failings” at the Ladbrokes Coral Group, which lead to imposing a penalty package consisting of a £5.9m (€6.4m) payment and a series of improvement measures that must be implemented by new owner GVC. £5.9m is one of the largest penalty packages …

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Genius Sports, DFB teams up to combat match-fixing

The German Football Association (DFB), has announced an integrity partnership with Genius Sports, the UK-based sports data technology company, to safeguard against match-fixing and betting-related corruption. Beginning with the upcoming 2019-20 season, Genius Sports’ Bet Monitoring System will analyse the movements of odds using predictive algorithms to highlight any suspicious …

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Consultation on credit card gambling to start in UK

The UK Gambling Commission (UKGC) has confirmed that a 12-week consultation process will launch in mid-August, which could result in the banning of credit card used for betting purposes. “Gambling with borrowed money is known to be a risk factor for consumers, so we think there is a need for …

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DraftKings, MLB form multi-year data partnership

Sports betting and fantasy sports operator DraftKings has entered into a multi-year agreement to serve as an authorized gaming operator of Major League Baseball (MLB). DraftKings is the second gaming operator to sign an official partnership with MLB, following the lead of casino operator MGM Resorts last November. As with …

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Kindred Group profit dips in H1

Stockholm-listed operator Kindred Group has reported a year-on-year increase in revenue for the first half of its financial year, but saw its profits decline in part due to new regulatory costs in Sweden. Despite competing against a tough comparative period featuring World Cup 2018 trading, Kindred continued its positive revenue …

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Stronger global profile helps Kambi revenue growth in H1

Stockholm-listed sports betting technology supplier Kambi Group Sports has reported a 25.3% year-on-year increase in revenue for the first six months of 2019, with the business boosted by its customers launching in Pennsylvania’s online wagering market. A significant portion of CEO Kristian Nylén’s update was focused on the firm’s activities …

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Better Collective expands US presence with website acquisitions

Sports betting affiliate Better Collective has, through its wholly-owned US subsidiary, acquired the assets of Florida based Vegasinsider.com and Scoresandodds.com for a total cash transaction of $20m. Stockholm-listed company will add the two websites to its portfolio of iGaming affiliate sites in the US to benefit from the ongoing regulation …

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Betsson revenue drops in Q2

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for the second quarter of 2019. Group revenue for the second quarter amounted to SEK1,277.7m (approx. €120.0m), a decrease of 5 per cent year-on-year, as strong sports betting revenue growth of 14 per …

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Betclic wins appeal on Italian gambling license rejection

French online gambling company Betclic Everest Group won its appeal of the Italian gambling regulator’s decision from earlier this year not to renew the operator’s license for the provision of services in the country. The regional administrative court (TAR) of Lazio issued its ruling on an appeal filed by Betclic …

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Irish government considers tax break for bookies

The government of Ireland is studying the possibility of allowing bookies a tax-free turnover of €2.5 million a year. This move would help smaller, independent operators, which are struggling after the betting tax doubled earlier this year. The ‘Irish Times’ reported that Finance’s Minister Paschal Donohue is prepared to listen …

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Japan moves forward with IR Process

GGRAsia reported progress on the integration resort (IR) scene in Japan, as The Japan Tourism Agency is being reshuffled to form the new International Tourism Department. The Agency will report to the Ministry of Land, Infrastructure, Transport and Tourism and start with 73 people working under Hiroshi Tabata, its inaugural …

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Veikkaus to overhaul sportsbook with SBTech

Finland’s state-owned gaming operator Veikkaus has selected SBTech as its new online and retail sports betting platform provider. Under the agreement, SBTech will integrate its sportsbook platform technology to Veikkaus’ online offering, with the aim of launching early next year. The long-term agreement follows a competitive procurement process and sees …

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