Gambling Clear News
Ukraine’s gambling commission blocked 11 more unlicensed casino sites last week as new entries to the country’s national self-exclusion register surged 139% in the first half of 2024. The data, revealed during a Commission for the Regulation of Gambling and Lotteries (KRAIL) meeting on 10 July, showed registrations were up 4,585 from the end of
Finland’s Veikkaus has appointed Andreas Reimblad, formerly director of sportsbook at Kindred Group, as its new vice president of sports betting. Veikkaus confirmed the news in a LinkedIn post, and Reimblad begins his new role today (5 July). He joins having only left Kindred last month following 12 years with the business. Reimblad spent three-and-a-half years
Sweden’s Svenska Spel has announced that it is to begin reporting the proportion of revenue it generates from customers with a lower risk of gambling problems. Figures will be published for the first time at the end of August, covering the second quarter at Svenska Spel. The operator will then include this revenue information as
The group said the move would enable it to focus on fulfilling its strategic plan on growth and generating long-term value. Spanish operator Codere has said it will undergo a recapitalisation agreement to reduce its corporate debt by €1.2bn to €128m and add €60m in new financing. A statement by the group said the move to
The Commission for the Regulation of Gambling and Lotteries (KRAIL), the regulator of gambling in Ukraine, has blocked 371 websites offering illegal gambling in the country. The restrictions stem from joint action between KRAIL and the Security Service of Ukraine. Order No. 451/2256 was issued to block the domain names of the illegal gambling sites.
Paf posted a record €177.1m (£150.8m/$191.4m) in revenue during its 2023 financial year, but the Nordic operator has also issued a warning over how higher gaming taxes will likely impact its profit moving forward. In what was another financially positive year for Paf, revenue was 6.9% higher year-on-year. The operator also had a 23.0% rise in
A ban on sports sponsorship in Germany has been rejected at a public meeting of the Sports Committee of the German Bundestag. The experts pointed to sponsorships’ importance to sports in Germany and the subsequent loss of funding such a ban would cause as the primary reason for its rejection. However, managing director of the
Melco Resorts & Entertainment returned to a net profit in Q1 as ongoing recovery in Macau helped push group revenue up 55.2% year-on-year to $1.11bn (£887.2m/€1.04bn). Macau has bounced back since reopening in full last January when all remaining pandemic measures were dropped. Melco referenced this as one of the main reasons behind full-year growth in 2023
European digital sports media publisher Skores Media has announced investment holding companies Stags Participations and MI3 and minority shareholders in the business. The transaction forms part of a primary leveraged buyout (LBO), with the aim of accelerating the company’s development. Stags and MI3 become minority shareholders alongside the founders of Skores Media. Using this new
Sweden’s Svenska Spel reported a 24.6% year-on-year decline in net profit to SEK294.0m (£21.8m/€25.3m/$27.0m) in Q1 as spending increased and revenue slipped 1.0%. Net gaming revenue for the three months to 31 March amounted to SEK1.96bn, down from SEK1.98bn in Q1 of 2023. This came as Svenska Spel only reported revenue growth within one of
