Category Archives: Betting

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure …

The UK Gambling Commission (UKGC) has ordered 888 Holdings to pay a penalty package of £9.4 million in relation to social responsibility and money laundering failures found across its network of brands.  This morning the Commission notified that licensee 888 UK Limited had been issued an official warning and will be required to undertake extensive …

Aspire Global has obtained the required final certifications for its market entry into the Netherlands from the Kansspelautoriteit (KSA), the Dutch Gambling Authority. Under the terms of the licences, Aspire Global has secured permission to provide its B2B sports betting, casino and platform (PAM) services to operators in the expanding Dutch online gambling market. The …

Professionals of the global betting market, such as Flutter, Kindred and DraftKings, are working on a campaign ahead of International Women’s Day 2022, to highlight examples of gender bias in the industry. Produced by Square in the Air and All-In Diversity, the project also aims to offer resources for companies and individuals seeking support, whilst …

CIS markets betting group Parimatch has launched a UAH 30 million (€2.9m) fund to provide direct support for ‘defenders of Ukraine’ fighting against an illegal invasion by Russian armed forces. This weekend, Parimatch posted a LinkedIn statement, declaring that it would “not hide away from the conflict” and provide all help necessary to those fighting …

Last Saturday’s light-welterweight title fight between Josh Taylor and Jack Catterall ended in a controversial decision, garnering criticism from boxers, pundits and fans alike.  Many felt that England’s Catterall had done enough to win the bout for the undisputed light-welterweight title fight – including Flutter Entertainment’s Paddy Power.  The bookmaker made the decision to offer …

Sweden’s Supreme Administrative Court, the nation’s highest-ranking court of appeal for legal challenges has notified gambling inspectorate Spelinspektionen and online operator Genesis Global that it will determine their penalty fee dispute.  In March 2019, three months following the launch of Sweden’s newly regulated online gambling marketplace, Genesis was fined SEK 4 million (€360,000) for failure …

IGT has announced the sale of its Italian proximity payment business from its IGT Lottery subsidiary to PostePay for a total consideration of €700 million.  NYSE-registered IGT will directly sell LIS Holding and indirectly sell LISPAY, the two wholly-owned subsidiaries that constitute and provide its payments operations, which has established a prominent place in Italy. …

Spotlight Sports Group will bolster its Cheltenham Festival coverage with the launch of a new mini-series in partnership with Paddy Power. The live daily show, which will be named Good Morning Cheltenham, will be presented by Racing Post’s David Jennings – who will be joined by a number of guests including Paul Kealy, Mick Fitzgerald, …