Category Archives: Betting

888 nets 5x profit jump ahead of critical B2C portfolio enlargement 

888 Holdings has branded 2021 as a year of ‘strategic progress’, in which the company has realised its transformative objective to become a global leader in online betting and gaming.  Full-year 2021 trading saw 888 register record group revenues of $980 million, up 15% on corresponding FY2020 results of $850 million. Headline growth was achieved …

Saumarez Smith to replace Phelps as BHA Chair

British Horseracing Authority (BHA) Chair Annamarie Phelps is due to step down from her role at the sporting body at the close of her term in May. The former Olympic rower will be replaced by Independent Non-Executive Director Joe Saumarez Smith, who will hold the responsibility until the end of his term on the BHA …

Lib Dem peer calls for gambling reforms ‘as quickly as possible’

Lord Foster, a Liberal Democrat member of the House of Lords, has reiterated calls for reform to the UK’s gambling industry ahead of the Gambling Act review judgement. As reported by BBC News, the long-time gambling reform advocate has argued that the UK government has taken long-enough – having ‘delayed and dithered’ in the Lord’s …

Chile to speed up proposals to regulate online gambling

Alejandro Weber, Undersecretary of Finance for Chile, has revealed that the government will seek to regulate an online gambling marketplace that aims to generate around $55 million a year in taxes. In a statement to Chilian news source La Tercera, the Undersecretary shared that one of the goals of the project will be to protect …

Race for SBC Awards North America 2022 honors underway

SBC has fired the starting gun on the race to crown the best betting and igaming operators, affiliates, and suppliers in the U.S. and Canada by declaring that nominations for the SBC Awards North America 2022 are open. The winners of the prestigious awards will be crowned in front of an audience of industry leaders …

Sweden calls for fee hike on licences to cover Spelinspektionen’s costs

Finansdepartementet – Sweden’s Ministry of Finance has submitted proposals to increase licence fee renewal duties, alongside a further demand for B2B licence requirements to be adopted as a market obligation.     A memorandum with proposals has been submitted for consultation until 9 May, and, if adopted to enter into force, a new licensing arrangement would be …

Meridianbet donates to global maternity wards celebrating International Women’s Day

Meridianbet has announced that it will make individual donations to maternity wards across its operating global markets. Every 8 March, Meridianbet launches a new charity appeal to support and celebrate the United Nations ‘International Women’s Day’ (#WomensDay). During 2022, the Balkan-based betting group that operates within 18 regulated markets across Europe, Africa and South America …

Betcris marks Polish sponsorship debut with volleyball and handball teams

Betcris has confirmed two partnerships in Poland with handball team Lomza VIVE Kielce and volleyball team Asseco Resovia Rzeszow.  In a recent press conference, representatives of Betcris Poland and the clubs signed the contract and symbolically handed a team T-shirt, with Betcris logo on the sleeve, to Board Member Jacek Jakubowski.  Jakubowski commented: “We are …

FATF due to visit Malta to confirm AML action plan

The Financial Action Task Force (FATF) will visit Malta this Friday, to clarify whether the island’s financial authorities have completed the assigned action plan on AML policies.  Malta had previously been placed on a greylist of financially risky jurisdictions by the FATF – the G7’s AML and anti-terrorist financing investigative unit – after the task …