Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations. Argentina, one of the operator’s key markets, has once again suffered economic volatility, with local currency Peso dropping 18 per cent against the US dollar in …
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The UK Gambling Commission (UKGC) has instigated a review of the online gaming and betting license held by platform supplier FSB Technology and used for one of its licensees – Blackbet.co.uk. The website, offering casino and sportsbook, has voluntarily suspended all activities. Blackbet.co.uk has become the second issue for FSB …
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Grand Casino Luzern has become the second casino in Switzerland to launch an igaming offering, through a partnership with Aland-based charitable gaming operator Paf. The MyCasino.ch website was launched after the country’s Federal Council (Bundesrat) approved the casino’s application for an igaming license on 7 June. In total, four casinos …
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BetGamesTV has expanded its European presence after aligning with Polish firm STS Gaming Group to launch its portfolio of products. Already live via the www.sts.pl, the exclusive deal for Poland with BetGames will also see the activation of mobile version in the coming weeks. Confirming the partnership, STS management states …
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Four teams in Italian soccer’s top-tier Serie A has started a new 2019-20 season without main shirt sponsors. According to analysts, a new law banning the advertising of gambling companies had a significant impact there. One of the four teams is Rome-based Lazio, two-times Italian champion and Coppa Italia cup …
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British online gambling company Bet365 is now live in New Jersey, after beginning a regulator-controlled soft launch of its website ahead of the new NFL season, which kicks off on September 5. The online gambling operator said that its New Jersey website is going through a pre-live phase. The website allows US …
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CONMEBOL, the South American soccer confederation, has signed up Betfair, the online betting firm, as the ninth sponsor of the Copa Libertadores and Copa Sudamericana, the continent’s top clubs competitions. The agreement will run until December 31, 2022. Betfair joins global brands such as Amstel, Bridgestone, Gatorade, Mastercard, Qatar Airways, …
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Spelinspektionen, the Swedish gambling regulator, has issued fines totalling SEK20.1m (€1.835m) to four operators for offering bets on sporting events involving players under the age of 18, in breach of country’s regulations. The inspectorate continues its tough monitoring of licensed bookmaker betting markets which, during H1 2019, saw Spelinspektionen hand …
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SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has been charged by the Italian Financial Police of corporate tax evasion totalling €124 million. According to a statement by the Guardia di Finanza (GDF) of the Reggio Calabria region, a law enforcement body that handles financial crimes, SKS365 had failed to declare …
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Global sports betting provider Kambi and DraftKings, the sports-tech and media entertainment company, have completed the signing of a multi-state contract extension. Kambi and DraftKings first announced their sports betting partnership in June 2018. Under the terms of their agreement, the European provider agreed to power the operator’s sports betting operations in New …
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After reporting that “the last three months have been the most turbulent and difficult” in its company history, Nordic online gambling operator Global Gaming has decided to let go of half its staff in a bid to reduce costs. The decision comes soon after the Stockholm-listed company released its financial report …
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Starting on October 21, German gamblers will no longer be able to use their PayPal accounts for online casino gambling purposes after a recent update of the payments giant’s German-language guidelines. After the government recently ordered the payment processor to stop facilitating unauthorized online casino activity, PayPal updated its German market …
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Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39m and overtook retail figures for the first time. Figures published by the state’s Gaming Control Board show that online and retail sportsbooks combined to generate $59.3m in bets in July, …
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Toronto-listed sports publisher theScore has secured initial license approval from the state’s Division of Gaming Enforcement (DGE) to offer online sports betting to players in New Jersey. The firm’s subsidiary, Score Digital Sports Ventures was given authorisation to expand into online and mobile sports betting, as it seeks to elevate its growth …
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Malta-based casino games supplier Pragmatic Play has unveiled the latest strand of its global expansion strategy, after entering “a significant commercial agreement” with a Spanish gambling powerhouse Codere. Pragmatic’s slots have gone live with Codere in Mexico, including titles such as John Hunter and the Aztec Treasure, Mustang Gold, Sweet Bonanza and …
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Kansspelautoriteit (KSA), the Netherlands Gambling Authority, has fined Stockholm-listed operator Kindred Group’ subsidiary Trannel International €470,000 for serving Dutch players without a local license. The company has already launched an appeal against it. The fine was issued under the current Dutch Gaming Act, which prevents online operators from securing a …
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The Cambodian Government has announced that it is to stop issuing new online gambling licences in the country with immediate effect. Existing online licences, estimated to be more than 150, will remain valid but won’t be renewed once they expire. As part of an effort to clamp down on illegal …
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Iowa became the 11th US state to launch regulated sports betting, with eight of the region’s 19 casinos debut on the first legalized day. The remaining casinos are expected to have fully operational sportsbooks in time for the beginning of the 2019 NFL season in the fall. Compared with other …
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North America’s Major League Baseball has agreed to a multi-year partnership with FanDuel, the US fantasy sports company, which becomes an official gaming partner of the MLB. Through the multi-year agreement, FanDuel will gain access to official MLB data, as well as team branding and logos, for use across its …
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The German state of Hesse began preparations to start the process of awarding the country’s sports betting licences, with analysts warning that operators could see up to 70 per cent of revenue disappear as a result of the restrictive operating model. More than 200 company representatives attended last week informational …
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