Fast Track

Sports Betting News

VLTs drive OPAP revenue growth in 2019

Athens-listed lottery and gaming operator OPAP has reported a 5 per cent increase in gross gaming revenue to €1.62bn in 2019, benefiting from a strong contribution from video lottery terminals (VLTs).

Gross gaming revenue (GGR) from VLTs rose 43 per cent year-on-year to €297.7m, helping to offset declines in the lottery, [...]

5 mins read
William Hill

William Hill names new finance and operations chiefs

London-listed gaming operator William Hill has announced the appointment of a new chief financial officer and chief operating officer.

William Hill has named Matt Ashley as its new CFO, replacing Ruth Prior, who stands down on 15 May following the company’s annual general meeting.

Ashley joins from London-listed transport provider National Express, [...]

2 mins read

Damian Cope to step down as OPAP chief executive

Greek gaming operator OPAP has confirmed that chief executive Damian Cope will be leaving the company at the end of May.

Cope has led the business since July 2016 and is stepping down at the end of his current four-year contract to return to the UK.

He will continue to support the [...]

4 mins read

Spain restricts most gambling advertising during COVID-19 shutdown

The Spanish government has published new regulations today that restrict gambling operators' ability to market to consumers during the current COVID-19 state of emergency.

More than fifty new measures have been introduced with immediate effect through a Royal Decree to reinforce those already adopted by the Spanish government in the past [...]

2 mins read
Svenska Spel

Svenska Spel cancels dividend as layoffs loom

Sweden’s Svenska Spel has become the latest gaming operator to cancel its proposed dividend as it is forced to temporarily lay off staff in the wake of the COVID-19 pandemic.

The state-owned company said Tuesday that it has taken the decision to withdraw its proposed SEK850m dividend (approx. €75m) after discussions with stakeholders.

Although Sweden has [...]

2 mins read

1XBET approved to launch online sports betting in Mexico

Online gaming operator 1XBET has secured an online sports betting licence in Mexico’s regulated iGaming market.

1XBET was granted licence approval by the country’s Dirección General de Juegos y Sorteos de la Secretaría de Gobernación (SEGOB), with players in Mexico able to place bets on a variety of sports via 1XBET.com.mx.

1XBET becomes [...]

2 mins read

Inspired Entertainment reports increased demand for online products

New York-listed gaming supplier Inspired Entertainment said that it is seeing increased demand for its online products as the company’s retail business struggles in the face of the COVID-19 pandemic.

In an update on its global operations, Inspired Entertainment said that the majority of its land-based customers are now temporarily closed, [...]

1 min read

SBTech working to resume service following suspected cyberattack

Technology supplier SBTech is investigating the cause of an outage that has impacted all its clients’ online betting and gaming services.

The Oregon Lottery was the first to reveal the service disruption Monday when it reassured customers that their account information and funds are secure.

The lottery said that SBTech took its systems offline [...]

2 mins read

Rhode Island sees sports betting growth in February

Rhode Island’s licensed sports betting operators recorded a 36 per cent increase in total wagers to $28.1m for the month of February.

Wagering at market leader Twin River fell by 9 per cent year-on-year to $15.2m in February, while Tiverton Casino saw wagers climb by 10 per cent to $4.5m.

Rhode Island [...]

1 min read
IMG Arena Virtual Tennis

IMG Arena and ATP Tour set to launch Virtual Tennis

IMG Arena will launch a new virtual tennis product in April in partnership with ATP Media, the sales and distribution arm of the ATP Tour.

The new product marks the first time that the two companies have launched a virtual sports offering under their longstanding partnership, and will help sports betting operators to fill [...]

2 mins read

CMA approves Flutter Entertainment’s combination with The Stars Group

The UK’s Competition and Markets Authority (CMA) has given unconditional phase one clearance to Flutter Entertainment’s proposed combination with The Stars Group.

The CMA had launched a merger inquiry in early February to consider whether the £10bn merger will create a “substantial lessening” of competition within the United Kingdom for goods or services.

This [...]

2 mins read
Scientific Games

Scientific Games’ leadership forgo pay as COVID-19 bites

New York-listed gaming and lottery supplier Scientific Games has set up a Hardship Relief Fund to provide financial assistance to employees impacted by the COVID-19 pandemic, while its senior executives have accepted voluntary salary reductions of between 50 and 100 per cent.

Scientific Games said Monday that it is taking a variety of actions to [...]

3 mins read
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