Unrest growing in Venezuela – major anti-government march planned

first_imgFor the past two days and nights anti-government protestors have been taking place in Caracas, and other regions, including former government strongholds, in Venezuela. The growing protests taking place across the country is demanding the resignation of the nation’s president, Nicolas Maduro. According to reports those opposed to the Maduro administration are planning a massive anti-government march.According to the Venezuelan Observatory for Social Conflict, up to Tuesday night the protests have spread to some 61 neighborhoods in Caracas, and at least one person had died during the protests.March planned for todayThe anti-government march is planned for today, January 23, and is expected to be one of the largest anti-government march in the country, and expected to include former supporters of the government, who are now subject to recent economic hardships. The reports indicate the Maduro administration is also planning a counter march, giving rise to fears that the two sides clash in the streets with disastrous results.International opposition Since Maduro’s recent reelection several countries including Jamaica, Haiti, Colombia, Brazil, and the US, have indicated they do not recognize his presidency, most citing that the elections were conducted fraudulently. There has been growing support within and outside Venezuela for the opposition National Assembly led by Juan Guaidó. Guaido is urging anti-government protestors to take to the streets march to oust Maduro.last_img read more

Sir Mo Farah! Athletics Legend Officially Knighted

first_imgRelated Athletics legend Mo Farah has officially received his knighthood at an investiture ceremony which took place at the Buckingham Palace on Tuesday.The four-time Olympic champion got a well deserved reward for his contributions to Athletics.Speaking afterwards, the long distance runner, who moved from Somalia to the United Kingdom (UK) at the age of 8, was so happy to be honoured by the country. In his words, Farah said: “I’m so happy to be awarded this incredible honour from the country”“Over the years you dream of becoming something or doing something in your career, to take it to the highest level and become an Olympic champion – that was always the dream.“As an eight-year-old coming from Somalia and not speaking a word of English, to be recognised by your country, it is incredible.” he added.Mo Farah sealed his status as a long distance specialist after he won gold in the 5,000m and 10,000m races at both the London 2012 and Rio 2016 Olympic Games.last_img read more

SBOBET renews betting partnership with Ireland’s Dundalk FC

first_img Submit Irish bookmakers demand clarity on reopening orders June 17, 2020 Bill MummeryCelton Manx operated online sportsbook SBOBET has extended its betting partnership with Ireland Football Premier Division champions  Dundalk FC (Leinster) for a further two years.First agreed at the start of the 2016 season, the partnership will see the SBOBET brand promoted during matches at the club’s Oriel Park (capacity: 5,000) home ground in County Louth.SBOBET marketing detailed that it would support Dundalk community and social initiatives, as betting firm views the sponsorship of the Lilywhites as key to its Irish market growth strategy.Dundalk’s general manager Martin Connolly said: ‘For SBOBET to have agreed to a further two years as our official betting partner is excellent news. Having the continued sponsorship of such a worldwide respected name as SBOBET is a tremendous vote of confidence in the club and sets the tone for what I’m sure will be another great campaign for Dundalk.’Celton Manx Executive Director Bill Mummery said: ‘We have been pleased to renew our sponsorship agreement with Dundalk Football Club. This mutually beneficial partnership is seeing the SBOBET brand enjoy heightened exposure in the Republic of Ireland and aligns our name with a club which clearly has its sights set firmly on retaining its position as the reigning League of Ireland Premier Division champions.”“We look forward to furthering our relationship with Dundalk and wish them every success for the coming season.’ Share StumbleUpon Paddy Power to reopen English & Irish betting shops in Royal Ascot week June 10, 2020 Share Related Articles Leeds United nets record breaking SBOTOP sponsorship for EPL comeback August 11, 2020last_img read more

Oskar Mühlbach – Garbo – Taking a niche product into a crowded industry

first_img StumbleUpon LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Share ‘Volatile’ Swedish regulations see Raketech grow global focus August 19, 2020 Submit Related Articles Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Share Oskar Mühlbach, Garbo.comMr Green chief venture officer (CVO) Oskar Mühlbach has been tasked with relaunching Garbo.com, the company’s female player focused online casino brand.We caught up with Mühlbach to discuss his plans for the Swedish target market, providing a customer-centric experience and standing out within a crowded industry.SBC: With the relaunch of this product, what have you done differently and what are your key targets for the Swedish market? OM: At a first glance, Garbo.com might not look very different to other online casinos. Or perhaps it might even look like a simplified version of the average online casino.However, the technical and operational infrastructure that holds the casino together is far from this. Garbo.com is built with focus on being able to provide relevant and engaging content in combination with an easy to use e-commerce inspired games sorting/recommendation engine.The key target for the Swedish market is to offer a true customer-centric experience that is engaging, relevant and rewarding for the user. Our engagement concept is built on the reason why you play rather than what or how you play. You will see more of this once we have passed the initial dry run period.SBC: You have stated your attention to utilise Mr Green’s competences, digital knowledge and supplier relations; what sort of head start does this give you over companies launching without the backing of a major operator?OM: Over the years, we have managed to build a solid technical and operational infrastructure capable of providing an efficient product in several jurisdictions. Adding another brand, making true use of this fact is simply a way to leverage on investments that we have already made.Having Mr Green backing us up furthermore guarantees that we can offer our customers a great range of games, great service in a responsible gambling environment already from starts which could have been tricky if we had started from scratch, without the support from Mr Green.SBC: You mention that the Garbo site has a “sometimes provocative profile”; why do you feel this gives you a competitive advantage?OM: We believe that it is important to engage the customer. Especially in this industry where the customer offering is pretty much the same everywhere (even though we all do our best to stand out in the crowd). Therefore, a small, niche brand that engages the customer could have an advantage on the big dragons. With that said, we are rather loved by some, than “not disliked” by everyone.SBC: Previously, Garbo.com has been described as a ‘perfect gambling site’ for women; is this still the idea?OM: Yes. Or at least we aim to be. The foundation is in place and we are now working hard to as soon as possible to deliver on that statement.last_img read more

Scientific Games targets ‘accelerated digital growth’ with $635m acquisition of NYX Gaming

first_img StumbleUpon Share Esports Entertainment bolsters tournament capacity by acquiring EGL August 27, 2020 Submit Kambi and DraftKings agree on final closure terms July 24, 2020 Related Articles Kevin SheehanNasdaq gambling technology supplier Scientific Games Corporation (SGC) has moved to significantly bolster its digital gambling operations by detailing that it has entered ‘a definitive agreement’ to acquire Toronto TSX-listed NYX Gaming Group, owner of leading sports betting supplier Openbet.Updating the market this afternoon, SGC governance has detailed that it will propose a CAD $2.40 per share offer to acquire all outstanding NYX shares, valuing its deal at CAD $775 million ($635 million).The cash and debt deal will represent a circa 112% premium on NYX’s Tuesday closing share price of CAD $1.13.In its market update, SGC governance detailed four key strategic reasons for the acquisition, stating that it will gain; 1) NYX’s digital gaming portfolio for its global lottery distribution network, and 2) a new foothold in the global sports betting sector adding leading OpenBet platform and systems to its provisions. It will also 3) accelerate the growth and services of SGC’s all-round interactive division whilst 4) strengthening SGC’s market position within the global gambling sector.Updating investors, Kevin Sheehan, Scientific Games’ President and Chief Executive Officer commented on the acquisition: “This important transaction creates a global gaming and lottery powerhouse. Scientific Games will be a stronger industry leader offering one of the broadest end-to-end portfolios of engaging content, innovative technologies and digital products and services across gaming and lottery.“This strategic and financially compelling acquisition combines NYX’s premier digital gaming and sports betting platforms and expansive distribution network to our own global, industry-leading content, technologies and digital products and services. NYX ideally positions us to capitalize on the growing online gaming and sports betting markets.”Founded in 1999, NYX Gaming has become one of the leading player in igaming and sports betting technology and platform provisions growing its business assets through strategic M&A.Matt Davey – NYX GamingThe company has targeted becoming the industry’s global leader in omni-channel solutions, bridging land-based and digital capabilities. In May 2016, NYX undertook its biggest acquisition to date taking in part in a three-way (NYX+William Hill+ Sky Bet) £270 million buy-out of OpenBet technologies from private equity firm Vitruvian Partners.Confirming the sale, Matt Davey, Chief Executive Officer of NYX informed stakeholders: “Scientific Games’ acquisition of NYX will provide immediate and compelling cash value for our shareholders, expand the products and solutions we are collectively able to offer our customers and accelerate the execution of our long-term strategic plan.”NYX’s digital client portfolio includes William Hill, Sky Betting & Gaming, Coral UK and Caesars Interactive. Moving forward, SGC governance will appoint Matt Davey as new President of Digital Gaming for its new combined portfolio.“We will now have scale, content and product development capabilities, complementary global infrastructure and access to an expanded customer base. We believe Scientific Games is the ideal partner for NYX, and we look forward to working alongside the talented Scientific Games team.” Davey added Share Luckbox outlines final TSXV roadmap July 29, 2020last_img read more

No new betting tax charges for Ireland’s 2018 Budget

first_img The Irish government will not raise taxes on betting for its 2018 budget, as the Finance Ministry took note of industry submissions warning the Oireachtas of potential job losses should new charges be implemented.Irish news sources report that the Department of Finance had been reviewing three industry options, with a view to raising circa €50 million from bookmakers or betting consumers.Paschal Donohoe, Ireland’s Minister of Finance will maintain the current 1% tax rate but detailed that betting charges would be reviewed again for the 2019 budget.“The minister received a number of submissions for possible inclusion in Budget 2018. He took the decision that any potential actions on foot of the Betting Tax Review should be considered as part of Budget 2019.” Detailed a Department of Finance industry statement.The Irish finance minister detailed that he had received a total of thirteen industry submissions, detailing ‘particularly stark’ job losses for individuals and smaller independent bookmakers.Furthermore, Donohoe and the Department of Finance noted that a punter tax charges would be hard to implement, and may lead to consumers wagering with unlicensed betting operators. Share Irish bookmakers to reopen on 29 June May 28, 2020 Submit StumbleUpon Share Paddy Power to reopen English & Irish betting shops in Royal Ascot week June 10, 2020 Related Articles Irish bookmakers demand clarity on reopening orders June 17, 2020last_img read more

New enterprise Luckbox.com aims to bridge crypto & esports dynamics

first_img Cloudbet makes stablecoin foray with USDT addition May 28, 2020 Luckbox gears up for Toronto IPO May 21, 2020 Submit StumbleUpon Related Articles Share Cloudbet elevates UFC 250 offering with in-play markets June 5, 2020 Share Lars LienThe esports betting sector is set to gain a further new market entrant as Luckbox.com prepares to make its debut in 2018.The new esports betting platform is founded by former PokerStars employees Lars Lien (CEO) and Mike Stevens.Under development since 2016, Luckbox.com is a unique betting venture which to date has raised 483.5 Bitcoin (circa £5 million) from ‘strategic contributors’, with the company planning a further ICO for its 2018 enterprise.Introducing Luckbox.com, Lien details the ‘founders’ journey’ from online gaming to the burgeoning esports sector.“We both have a background in the gambling industry – we met when worked together at PokerStars in London but went our separate ways with other work after that. We got our heads together again in 2015 when Mike was in the early stages of planning to build an online casino”“I’m a big esports fan and it was clear that the massive growth in popularity was only just beginning. In 2015, global esports revenue was worth an estimated $325m and figure has doubled since then. I’d been thinking a lot about gambling in esports, which was then in its infancy, and its enormous potential. Mike and I were soon on the same page and it grew from there”.Seeking to gain quick traction as a new esports betting incumbent, Luckbox.com aims to be licensed in the Isle of Man, allowing for international expansion and access to mobile app stores.The start-up further plans to allow players to deposit with cryptocurrencies and in-game items, which they say will open up a number of markets currently restricted by payment blocks.“Generally speaking crypto has huge potential in the emerging marketplace and many businesses have already woken up to this. The development of smart contracts will be huge. Transactional costs will be lower, people will not need traditional bank accounts and there’s far less risk of corruption.” Lien addsLien backs a crypto approach, detailing that Luckbox’s ICO will offer a rare opportunity for contributors by developing a two-token structure allowing its investors to share in the long-term success of the businesslast_img read more

GVC confirms departure of Paul Bowtell as Group CFO

first_img GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Submit Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 Share Share StumbleUpon GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 Related Articles Paul Bowtell – GVC HoldingsFurther to publishing its Q3 2018 trading update, the governance of FTSE100 GVC Holdings has today confirmed the upcoming departure of Paul Bowtell as Group Chief Financial Officer (CFO).  Updating the market, GVC confirms that Bowtell will depart the company’s executive leadership team on 5 March 2019, further disclosing that Bowtell will join London private equity firm Alchemy Partners.Paul Bowtell commented: “I have thoroughly enjoyed my time with GVC and I am pleased that I can hand over my CFO responsibilities to someone with Rob’s experience of the sector and understanding of the group’s business.  This will be critical for GVC in driving growth in its key markets and extracting the synergies from the GVC acquisition of Ladbrokes Coral.”Preparing for Bowtell’s departure, GVC governance confirms the immediate appointment of Rob Wood to the position of Deputy CFO.Wood is the former financial lead of Ladbrokes Coral UK retail unit, the largest operating division of GVC Holdings organisation.Lee Feldman – GVC HoldingsIn its update, GVC governance credits Wood as a key stakeholder in the firm’s post-merger Ladbrokes Coral integration, helping deliver circa £80 million in group co-synergy cost savings.Updating investors, Lee Feldman, GVC’s Chairman, commented: “Having undertaken a rigorous selection process, we are delighted to appoint Rob as our Chief Financial Officer Designate. Rob will be a great addition to the Board and his appointment demonstrates the strong bench of talent within GVC.  On behalf of the Board, I would like to thank Paul for his invaluable contribution over the years to Gala Coral, Ladbrokes Coral and GVC.  We wish him well with his new role.”last_img read more

Bengtsson accelerates international spread for William Hill

first_img Submit StumbleUpon Share SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Share Gamesys tops list for GambleAware Q1 donations July 10, 2020 William Hill CEO Ulrik Bengtsson told investors to expect a “relentless focus on customer and product” from the bookmaker under his guidance, as he sets about accelerating the firm’s international diversification to counter regulatory pressure.William Hill’s adjusted operating profit fell 37% to £147m in 2019, ahead of the management guidance of £143m. However, the bookmaker still posted a statutory loss before tax of £37.6m, down from £721.9m in 2018 but only after taking a massive impairment charge to prepare for the regulatory changes in the UK’s retail scene.The firm’s UK online business also absorbed the increase in the Remote Gaming Duty, which came in to offset the stake reduction for fixed-odds betting terminals (FOBTs). This hit profitability by c£13m, something that Bengtsson believes reinforces the importance of its drive to diversify the business geographically.Bengtsson revealed the early signs of this initiative by highlighting that 35% of online revenues, up from 24% in 2018, were delivered from outside of the UK across 2019. This equated to £257.3m of the total £738.3m in online revenue for the Group. By comparison, just £150.4m came from outside of the UK in 2018.Meanwhile, online revenues in the UK suffered a slight drop from $484.0m to $481.0m as William Hill maintained market share by recording three consecutive quarters of growth.Another nod to this international diversification came through the acquisition of Mr Green in January 2019, so far performing in line with expectations, which Bengtsson said has given William Hill an “established hub with the relevant teams and capabilities from which to grow its international business”.He confirmed that the integration has enabled the bookmaker to operate from two distinct hubs, with Gibraltar now focusing on all UK operations while all international operations are conducted from Malta. Boosted by the addition of Mr Green, Bengtsson said he expects William Hill’s international online performance, assuming a steady regulatory landscape, to continue at high single-digit growth. Active users grew 2% in 2019, while average revenue per user (ARPU) fell 4% as the company pursued a traditional growth strategy.This is in contrast to the UK market, where William Hill has redirected marketing activity to deliver return on investment with a focus on yield rather than volumes. It is for this reason, said Bengtsson, that unique active users decreased by 14% but ARPU increased by 13%.The new CEO was joined on the investor call by outgoing CFO Ruth Prior, who explained that retail performance came in ahead of expectations despite the obvious FOBT fallout, which forced William Hill to close 713 shops in the third quarter.Prior admitted that the new limit on the B2 gaming products meant that putting together 2019 budgets had been the “hardest of her career” because there was “no historic precedent of how consumers would behave”.She added that retail operators are “adjusting to new normal in player behaviour”, but that true like-for-like (LFL) comparisons with the post FOBT period for will have to wait until the bookie has lapped the dates for both the new stake limit and the associated shop closures. Related Articles William Hill accelerates transformation agenda to overcome COVID realities August 5, 2020last_img read more

Bulgarian lottery dispute sees Kambi suspend 7777.bg service

first_img Share StumbleUpon Related Articles Intralot rocked by Bulgaria Eurobet suspension  June 5, 2020 Submit efbet completes product puzzle through deVRealm purchase March 5, 2020 Issuing a corporate update, Stockholm-listed sports betting platform and systems provider Kambi Group Plc has disclosed that it has ‘temporarily suspended’ its contract with Bulgarian operator National Lottery AD.Kambi’s action is undertaken, following National Lottery AD’s ‘voluntary decision’ to hand back its operating licence to Bulgaria’s State Gambling Commission (BGC).Since 2017, Kambi has served as lead sportsbook supplier to National Lottery AD’s flagship online domain 7777.bg, a partnership which would be extended in 2019 servicing the operator’s Moldovan profile.In its statement, Kambi informs that it has served formal notice to National Lottery AD management and has begun restricting player wagers on 7777.bg sportsbook platform.Kambi’s suspension of service follows Bulgarian news reports that state police had arrested National Lottery AD owner and chairman Vasil Bojkov in connection to political bribery and tax evasion.Bojkov who is recognised as Bulgaria’s richest man has challenged the Bulgarian government’s gambling reforms that have seen all lottery products nationalised under the remit of state-owned Bulgarian Sports Totalisator (BST).Kambi governance has chosen not to comment on Bulgarian market developments but informed investors that it’s temporary 7777.bg suspension would have a ‘small negative impact’ on 2020 corporate revenues. Boyan & Tzvetomir Naydenov, efbet: For the love of sports November 14, 2019 Sharelast_img read more