Category Archives: Betting

Entain licence under review following £17m UKGC penalty 

Entain Plc has been summoned to pay the largest penalty in UK gambling history, totalling £17m, for regulatory failures connected to its online and retail business.  This morning the UK Gambling Commission (UKGC) notified that it had issued Entain subsidiary LC International, which operates 13 UK websites, a sanction totalling £14m. A further demand for …

Rank appoints Hazel Boyle as new CPO

The board of Rank Group Plc has announced the appointment of Hazel Boyle as new Chief People Officer (CPO) of the heritage UK gambling group. Boyle joins Rank’s executive team, having most recently served as Chief People Officer at FTSE250 publisher and media owner Future plc. An expert in talent pool development and HR planning, …

EBET cuts headcount by 54% to prioritise igaming profitability

EBET Inc has initiated a corporate restructuring plan to improve the long and short-term profitability of its business.  In a statement announced ahead of its Q3 earnings call, the Global Nasdaq listed operator disclosed that it had undertaken “a series of measures to enhance the profitability of its newly acquired igaming assets as well as …

Genius delivers on H1 targets narrowing transformative NYSE losses

Genius Sports has reported a robust Q2 trading period, as its NYSE settled business narrows interim trading losses to $45m. Total group revenue during H1 2022 amounted to $157m, a 43% increase on the 2021 figures of $109m, whilst income in the second quarter specifically rose by 27.3% to $71m (2021: $55.8m). Although losses were …

BetCoco makes first steps into the ‘exploding worldwide market’

BetCoco, a new online casino brand, is seeking to bolster its standing in the international crypto betting and casino markets, in particular the Americas.  Crystal Wealth Group (CWG), Owner of BetCoco, has a history of land-based casino operations and is now bolstering its presence in online and crypto casinos space with its new brand. With …

TOPsport partners with ParlayBay to enhance product portfolio

Sports betting games developer PaylayBay will deliver its products Lithuanian operator TOPsport, as it seeks to bolster its standing in European wagering markets.  TOPsport will integrate ParlayBay’s entire games portfolio into its wider offering towards the end of the year, including the Streak, Boss, Gekko, Cut and Rush titles. For the Lithuanian firm, the deal …

BETER content for SOFTSWISS following new igaming partnership

SOFTSWISS’ Game Aggregator will now gain access to BETER’s portfolio of live casino games thanks to a new collaboration between the gaming software developer and the betting and gaming provider. The new partnership will enable BETER to expand the reach of its content across a range of new brands and markets, with SOFTSWISS’s partners gaining …

Pferdewetten.de sets sites on aggressive German retail expansion

Pferdewetten.de AG, German horse racing’s dedicated racebook, has secured new investor capital to bolster its business transformation programme.  The capital is required for Pferdewetten.de (Horsebets.de) to launch a new retail subsidiary to support its online platform upgrade and to further expand its Sportwetten.de (Sportsbets.de) subsidiary. Publishing an H1 interim update, Pferdewetten.de disclosed that existing shareholders …

BtoBet doubles down in East Africa via SOJOGO and UtopBet deals

NeoGames’ BtoBet has strengthened its presence in the African betting scene, partnering with Mozambique’s SOJOGO and Ethiopia’s UtopBet. The ‘global arm’ of the Portuguese National Lottery Santa Casa de Lisboa, SOJOGO will leverage BtoBet’s proprietary sportsbook technology for both online and retail operations in Mozambique.  SOJOGO and Santa Casa Global’s respective General Director and Executive …

Betinvest: unlocking the full potential of quick sports

Remaining competitive in this ever-growing sports betting industry can be difficult to say the least. One way in which companies can maintain an edge over their competitors is through the launch of exclusive content – a path which has been taken by Betinvest. After signing a long-term strategic partnership with Astrid Soft, Betinvest recognised that …