Category Archives: Betting

Betano secures naming rights to ‘dynamic’ Romanian Cup

Betano – the sports betting and online gaming operator of Kaizen Gaming – has formed a partnership with the Romanian Football Federation. The deal sees the firm become the Cup’s naming partner for the next three seasons, which is to now be called The Cupa Romaniei Betano.  “Our partnership with this historic football association marks …

EEG fights liquidity concerns following $38m esports impairment charge 

Esports Entertainment Group (EEG) has announced that it will revise its operating portfolio in order to improve its current liquidity position.  Publishing its Q3 2022 financial results, the Nasdaq-listed operator outlined that despite recording a two-fold increase in corporate revenues to $15.7m (Q3_2021: $5.3m), it faced a series of ‘near term challenges’ impacting its bottom-line …

Cloudbet anticipates crypto-betting bounceback at Champions League final

Despite the recent turbulence in global  cryptocurrency markets, Cloudbet remains optimistic about crypto-betting volume at the UEFA Champions League final this Saturday. Dubbed the ‘crypto crash’, two weeks ago the cryptocurrency market fell in value by over $100 billion in a matter of minutes, following a Bitcoin price warning. The crash has seen some of …

Greece lifts €2 cap on online casino wagers 

The Greek government has confirmed that it will ease player wagering restrictions on online casino and poker verticals.  Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20. Announced by the Hellas government gazette, the increase on maximum wagers will be instantly …

bet365 reprimanded by Danish regulator for due diligence violations

The Danish Gambling Authority (DGA), the Spillemyndigheden, has reprimanded bet365 for a compliance failure relating to two licensing conditions.  Referring to the sports betting and igaming brand by the name of its business entity Hillside (New Media) Ltd, the Danish regulator stated that bet365 had allowed a ‘young player’ to deposit DKK 190,000 (€25,500) to …

Mexican Casinos call on federal intervention to end fragmented tax policies

AIEJA – Mexico’s casino trade association – has urged the federal government to intervene and implement a unified tax framework for casinos to operate under. The association that represents land-based casino operators, games suppliers and licence holders outlined that its members supported ‘single tax payment system to help improve control over income’. At present, Mexico …

GiG Comply secures latest client in Rainmaker Network

Gaming Innovation Group (GiG) has signed an agreement with affiliate platform Rainmaker Network, with the latter utilising its GiG Comply tool. The Cyprus-based affiliate network will use GiG Comply to retain control of its marketing campaigns and avoid potential breaches of marketing compliance requirements. This will be done by scanning web pages for content such …

Alex Kornilov, Betegy: pursuing new opportunities in the US market

2022 is all about maintaining a European legacy while also making leaps forward in the US market. That was the key focus for Alex Kornilov, CEO of Betegy, as he outlined the company’s plans for 2022 and beyond. In an interview with SBC News, Kornilov discussed the holistic approaches that Betegy has been taking to …

Zoë Osmond: Open letter on GambleAware RET duties

GambleAware Chief Executive Zoë Osmond has responded to an SBC article on the ongoing RET Levy debate. Osmond explains the grant-making charity’s duties in support of frontline organisations delivering a nationwide system of treatment services for those at risk of gambling harm… ___________ I write in reference to Jordan Lea’s comments made on SBC’s featured …

Michael Dugher: Public favours common-sense approach to govern gambling’s future. 

Michael Dugher has warned the government that it risks alienating itself from public opinion should it conform to prohibitionists’ approach to gambling regulation.  Writing in Commons news source Politics Home, the Chief Executive of the Betting and Gaming Council (BGC) reflected on political opinion and commentary in light of May’s Local Election results. “For the …