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Industry
June 10, 2021
SIG Investment Set to Fuel Smarkets’ Push in the US
Smarkets, a London-based sports betting exchange operator, received significant investment from an investment fund affiliated with American trading giant SIG, signaling an upcoming push in the US. Betting Similar to Trading The significant minority investment made by Susquehanna Growth Equity, an investment fund affiliated to SIG, marked the first time since 2013 when outside money […]
Industry
June 10, 2021
April Gaming Revenues Climb to Record Highs According to AGA
According to the American Gaming Association (AGA), the US casino industry is well and truly back in business. The AGA has released the latest commercial revenue figures for April, with the figures showing more than a 25% year-on-year increase. Figures for April showed that sports betting boosted commercial gaming revenue in April to pre-pandemic levels. Revenue […]
Industry
June 10, 2021
Kieckhefer’s Esports Bill Passes in Nevada with Some Major Changes
Nevada State Bill 165 envisioned the establishment of an Esports Regulatory Commission. It was proposed by state Senator Ben Kieckhefer who believes that creating an esports regulatory body will help with establishing a healthy gambling ecosystem and boost the industry’s growth. However, the idea was scrapped, and the bill received some important tweaks before finally getting signed by Governor Steve Sisolak. The […]
Industry
June 9, 2021
Allowing Gambling Ads During Euro 2020 Gets ITV Under Care’s Scrutiny
With the Euro 2020 football event around the corner, a conflict has arisen. The social policy group Christian Action Research and Education (CARE) called out ITV for their decision to allow gambling ads during the event. Care Took an Issue with ITV’s Lack of Action CARE raised the issue after ITV announced that it will be greatly […]
Industry
June 8, 2021
Noorul-ain Khan Appointed as iSoftBet Chief Financial Officer
Leading supplier of online games and aggregator of gaming content iSoftBet announced today the appointment of Noorul-ain Khan as its new Chief Financial Officer (CFO). Financial Services Experience Noorul-ain Khan brings a wealth of experience to iSoftBet, with more than 20 years of experience in financial services across a number of disciplines like private equity, […]
Industry
June 8, 2021
Lottoland Appointed Jon Hale as Chief Financial Officer
Online lottery products operator Lottoland announced today a new addition to its managerial team with the appointment of former 32Red chief financial officer Jon Hale. Wealth of Gaming Experience Jon Hale joins Lottoland as Chief Financial Officer (CFO) with immediate effect, having spent more than 11 years at another Gibraltar-based gaming brand, 32Red, the company’s […]
Industry
June 8, 2021
UK Politicians Cite the Need for Change in Football Gambling Partnerships
Former Scottish politician Ruth Davidson has called on soccer clubs to rethink their long-term association with the gambling industry. In her C4 Documentary, Davidson cited that gambling logos are appearing up to 700 times during a regular-season soccer game in the UK. The former conservative leader has called on her former colleagues to force the […]
Industry
June 7, 2021
GambleAware’s £1M Gambling Treatment Pilot Invites Tenders
UK responsible gambling charity GambleAware announced a new initiative, a pilot project for a new residential rehabilitation program for gambling disorders, issuing an invitation to tender. Targeting Mental Health Problems and Complexities The pilot project is set to extend the National Gambling Treatment Service, placing the focus on complex and co-morbid presentation among users of […]
Industry
June 4, 2021
MGM’s CEO Speaks at Bernstein’s 37th Annual Strategic Decisions Conference
During Bernstein’s 37th Annual Strategic Decisions Conference, MGM Resorts president and CEO Bill Hornbuckle spoke about the legalization of sports wagering and the recovery of the company from the COVID-19 pandemic. Online Gaming Is Unlikely to Impact Land-Based Venues Bill Hornbuckle, MGM Resorts president, and CEO recently spoke at Bernstein’s 37th Annual Strategic Decisions Conference. […]
Industry
June 3, 2021
Report Shows that Proposed Gambling Reform Measures in the UK Could Cost Operators $1bn in Profits
Gambling reform proponents in the UK are daft. That’s the view of many in the industry, especially after a series of proposals have been released over the past year that shows a certain lack of understanding of basic economics. Peers for Gambling Reform, the Social Markets Foundation (SMF) and the All-Party Parliamentary Group (APPG) on […]