Category Archives: Betting

Irish Minister outlines scope of ‘extremely powerful’ regulator

James Browne, the Republic of Ireland’s Minister of State for Justice, has outlined the scope of an ‘extremely powerful’ gambling regulator in the country, but a Labour Senator has called for earlier action. Reported by The Irish Times, Browne detailed that ‘comprehensive legislation’ will support the creation and operations of an ‘extremely powerful’ regulator – …

Stats Perform extends multi-tournament DIMAYOR partnership

Stats Perform has extended its contract with Colombian football governing body DIMAYOR, continuing to collect and manage Opta data from the top two tiers of the country’s league system. As the official data provider of DIMAYOR, Stats Perform will support the governing body and its partners to create ‘unique experiences’ for audiences, leveraging sponsors, media …

Flutter agrees £150m sale of Oddschecker to sports disruptor Bruin Capital

Flutter Entertainment Plc has this afternoon disclosed that it has agreed to sell its Oddschecker Global Media subsidiary to sports investment fund Bruin Capital for a deal consideration of £155 million.  Issuing a short statement, Flutter revealed that it has secured terms to receive £135 million in cash for Oddschecker, with Bruin agreeing to a …

The pros (and cons) of influencer marketing

As we’ve seen with numerous examples in recent years, influencer marketing can be boom-or-bust. DraftKings experienced soaring stock prices after bringing Michael Jordan on board, while securing Jamie Foxx has seen BetMGM gain unprecedented publicity. On the other hand, Cristiano Ronaldo’s recent antics with the Coca-Cola bottles at his Euro 2020 press conference draws parallels with Kawhi Leonard’s similar Gatorade …

Raketech secures €15m credit facility to support acquisitions strategy

Raketech has secured a one-year revolving credit facility with Avida Finans for a total of €15 million, enabling the firm to continue embarking on strategic acquisitions. Interest on the facility – which replaces an existing facility with Swedbank of €10 million – stands at 4.25%, in addition to an annual upfront commitment fee. Furthermore, as …

National Lottery contest set to narrow as Sugal & Damani reportedly withdraws

Sugal & Damani, the Indian lottery operator which has been participating in the fourth UK National Lottery licence competition, will reportedly withdraw from the bidding contest, according to The Telegraph. If the firm does withdraw its bid, four participants will remain in the competition – incumbent operator Camelot, former adult magazine publisher Richard Desmond, Italy’s …

Sportsbet.io strengthens Brazilian position with São Paulo sponsorship

São Paulo Futebol Clube has named Sportsbet.io as the Brazilian team’s new ‘master sponsor’ until 2024. The partnership debuted on Saturday in São Paulo’s fixture against Bahia, following an official presentation at the São Paulo stadium a day prior to the Brazilian Championship showdown. Along with branding on the front of players’ shirts, the operator …

Rektech secures €15m credit facility to support acquisitions strategy

Raktech has secured a one-year revolving credit facility with Avida Finans for a total of €15 million, enabling the firm to continue embarking on strategic acquisitions. Interest on the facility – which replaces an existing facility with Swedbank of €10 million – stands at 4.25%, in addition to an annual upfront commitment fee. Furthermore, as …

FanDuel IPO delayed by Flutter ahead of Matt King resignation

Flutter Entertainment has delayed its US Initial Public Offering (IPO) of FanDuel ahead of the resignation of Matt King, the CEO of the latter company – which is expected in the coming weeks.  The FTSE 100 gambling group, which operates Paddy Power, Betfair and Sky Bet, had initially disclosed that it was pursuing a listing …