Gambling Clear News
International Game Technology (IGT) has withdrawn its legal challenge over the decision to award the fourth UK National Lottery licence to Allwyn. The case dates back to July 2022 when the Court of Appeal granted IGT permission to challenge the selection. The Gambling Commission named Allwyn as the successful bidder for the National Lottery licence in March 2022.
LiveScore reported revenue of £129.6m ($165.0m/€150.8m) in its full year 2023 results, an increase of 48.9% yearly. LiveScore’s full-year period ended 31 March 2023. Its full-year report focused on operations within its Virgin Bet, LiveScore Bet and sports media business. Gambling made up £108.0m of the total revenue, up by 57.3% compared to full-year 2022.
Jette Nygaard-Andersen has issued a public statement following her exit as CEO of Entain last month, praising the business for its transformation into a responsible operator. Nygaard-Andersen resigned as CEO in December. She led Entain since January 2021, replacing Shay Segev after he left to join sports streaming platform Dazn. Stella David, currently a non-executive director, is now serving CEO on
Boylesports has appointed Michail Koutsoukos, formerly of Kaizen Gaming and Kindred Group, as its new head of customer engagement. Koutsoukos moved into the role at Boylesports towards the end of last year. He joins from Kaizen Gaming, where he worked across the Stoiximan and Betano brands. Koutsoukos spent more than two years with Kaizen Gaming
Bookmaker Betfred has agreed to extend its title sponsorship of major UK horseracing event the Epsom Derby by an additional year. Betfred sponsored the Derby Festival for the first time in 2023 in an initial three-year deal. This has now been extended by a further year, covering each event until at least 2026. As part
BetMGM will become the new sponsor of Premier League Darts for 2024 after an agreement was announced on Thursday. BetMGM and the Professional Darts Corporation (PDC) reached a deal for the operator to replace Cazoo as the new title sponsor of darts’ “biggest roadshow event”. With a total of £1m (€1.2m/$1.3m) in prize money available
Fitch Ratings has altered its outlook on SJM Holdings from “negative” to “stable”, expecting the company to turn free cash flow (FCF) positive in 2024. The positive FCF should help SJM to expand, while also “driving a reduction in debt balance”. Fitch is projecting SJM to reach HK$6.6bn (£664.5m/€770.9m/US$845.3m) in EBITDA by 2026. The agency
Online gambling operator is the new sole title sponsor of Sauber Group’s Formula One team. The exclusive deal will cover the 2024 and 2025 F1 seasons. Stake joined the Sauber team as a co-title sponsor last year, with the team was known as Alfa Romeo F1 Team Stake for the duration of the 2023 campaign.
Macau reported another strong month for its gambling sector as monthly gross income reached MOP$18.6bn (£1.8bn/€2.1bn/$2.3bn) in December, a 433% increase year-on-year. While gross gambling income in December was also 15.7% higher in Macau than the MOP$16bn recorded in November, it fell short of the MOP$19.5bn accumulated in October. December was no doubt another strong
UK MPs have called on the Premier League and other sports governing bodies to reduce the amount of gambling adverts visible in stadiums. Thursday’s report from the culture, media and sport (CMS) committee states the decrease in visible gambling promotion would help to “minimise children’s exposure to gambling advertising”. MPs have also recommended there should
