Category Archives: Betting

STS Holding has revealed that it has received a dividend of PLN 13.3 million (€2.8m) related to the performance of its tech subsidiary Betsys. Providing investors an update on Betsys performance, STS disclosed that, during 2021, its tech unit had grown in EBITDA to PLN 21.8 million (€4.6m), up 50% on FY2020 corresponding results of …

Regulation of the Swedish gaming market has improved the condition for achieving the overarching goals set by parliament, asserts Sweden’s State Treasury, upon delivery of a final report looking at the country’s digital ecosystem. These ambitions include that the gaming market should be under public control, have strong consumer protection and protect revenue from gaming …

Gaming Innovation Group (GiG) has announced that its newly integrated Sportnco subsidiary has secured a commercial agreement to provide system solutions for Betway Portugal (Betway.pt). The partnership agreed with GM Gaming Limited, the operating company of Betway brand in Portugal, for the provisions of Sportnco’s sportsbook and player account management (PAM) solutions. The agreement sees …

The Betting and Gaming Council (BGC) has called on ministers to recognise the importance of the Grand National as a heritage sporting event supporting UK racing and highstreet jobs.  Following three years under lockdown constraints, The Grand National returns to hosting live spectators at Aintree on Saturday 9 April. Its main race is expected to …

The UK Gambling Commission (UKGC) has stood by its management of the Fourth National Lottery Competition, that appointed Allwyn Entertainment as its Preferred Applicant to operate the National Lottery beginning 2024. On Friday, the Commission was notified by National Lottery incumbent operator Camelot UK, that its handling of key phases of the competition would be …

CIS betting group Parimatch Tech has announced a series of ‘structural changes’ to its executive leadership team that will impact the day-to-day management of its flagship Parimatch subsidiary. Following a strategic review, Parimatch Tech will no longer employ the joint-CEO leadership structure that has overseen its business for the past two years. The decision will …

Online games supplier Pragmatic Play has moved to expand its B2B offering, announcing the launch of its brand-new sportsbook solution. Sportsbook will become the fifth product segment offered by the supplier, following slots, live casino, bingo and virtual sports, as it looks to make further progress on an overarching goal of becoming a “leading one …

Sportech Plc has backed its ongoing transformation strategy and focus on cost management, as the London AIM-listed racing and wagering systems provider declared statutory profits of £34.6m today. The much-improved bottom-line results see the firm reverse full-year losses of £12m recorded during 2020 trading.  2021 developments saw Sportech complete the disposals of its Global Tote …