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Sportech reduces operational costs to weather COVID-19 storm

London-listed sports betting technology provider Sportech has slashed operating costs during the first half of 2020 in an effort to partially offset the severe revenue decline caused by COVID-19.

The company said Friday that while trading had been in line with expectations up until mid-March, second quarter revenue was negatively impacted [...]

1 min read

XB Net extends Sky Bet partnership for North American racing

North American horse and greyhound racing content provider XB Net has renewed its distribution agreement with Flutter Entertainment-owned betting and gaming operator Sky Bet.

The new deal sees XB Net continue to provide the UK-facing operator with pictures, betting data and odds from over 50 North American tracks and 25,000 races [...]

1 min read

Hong Kong Jockey Club appoints new chairman and deputy

The Hong Kong Jockey Club (HKJC) has appointed Philip Chen as its new chairman, with Michael Lee named deputy chairman.

Chen was elected by the company’s Board of Stewards to succeed Dr Anthony Chow, who has retired after reaching the age of 70. Chow served more than 18 years as a [...]

2 mins read

New French gambling regulator ANJ takes over from ARJEL

France’s new gambling regulator L'Autorité Nationale des Jeux (ANJ) has officially taken over from ARJEL with a significantly expanded regulatory scope and enhanced powers.

ANJ was established last year under amended gambling legislation to enable the regulator to supervise all segments of the French gambling market, assuming responsibility for online gambling [...]

2 mins read

Spreadex and XB Net agree new two-year North American racing deal

UK-based spread betting firm Spreadex has signed a new two year contract with XB Net for the supply of US horse and greyhound racing data.

The new two-year contract extends the existing relationship between the two companies, which sees XB Net provide the UK operator with pictures, betting data and odds [...]

3 mins read

BetMakers to raise $35m to fund US sports betting expansion

Sydney-listed sportsbook supplier BetMakers Technology Group has received commitments to raise AUD$35m through a new placement of its shares, with proceeds to be used to fund its expansion in the US sports betting market.

The placement will raise $35m via an offer price of $0.37 per share, an 8.6 per cent [...]

1 min read
Scientific Games

Record performance for Scientific Games on opening day of Royal Ascot

New York-listed supplier Scientific Games has revealed a record-breaking performance through its OpenSports platform on the opening day of Royal Ascot this week.

The supplier said that its OpenSports platform generated record high account transactions across the opening day of Royal Ascot, with the prestigious flat racing meeting being held behind [...]

2 mins read

ATG warned for marketing to self-excluded gamblers in Sweden

Swedish betting and gaming operator ATG has escaped with a warning and suspended financial penalty after marketing to consumers who had requested to be excluded from gambling and opted out of receiving marketing communications.

The former horserace betting monopoly operator was found to have sent marketing communications to gamblers who had [...]

1 min read
William Hill

William Hill sees early signs of recovery as sports resume

William Hill recorded a strong performance in recent weeks as COVID-19 restrictions began to ease, with trading in the Online and US divisions ahead of initial expectations.

In a trading update late Tuesday, William Hill said that it saw improved net revenue in the six weeks to 9 June following the [...]

1 min read
William Hill

William Hill improves liquidity with new shares placement

London-listed gaming operator William Hill has placed new shares with institutional and retail investors to raise more than £200m.

William Hill is issuing a total of 174,872,457 new ordinary shares at a price of 128 pence per share for gross proceeds of £224m, which will be used to deliver on the [...]

1 min read

Leading operators to invest £100m to improve UK problem gambling services

The five largest members of the UK’s Betting and Gaming Council have committed to spending £100m to improve treatment services for problem gamblers across Britain.

Operators bet365, GVC, William Hill and Flutter Entertainment-owned Paddy Power Betfair and Sky Betting and Gaming will provide funds to the GambleAware charity, which will be [...]

5 mins read

Singapore Pools resumes online operations as retail outlets remain closed

Singapore Pools has today resumed its online sports betting operations in the country after a ten-week break.

Following the lifting of Phase 1 COVID-19 Circuit Breaker measures implemented by Singapore’s Multi-Ministry Task Force (MTF), Singapore Pools resumed online sports betting operations as of today, with online horse wagering for overseas races [...]

1 min read
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