Betfair Signs Three-Year Global Partnership Deal with FC Barcelona

Betfair Signs Three-Year Global Partnership Deal with FC Barcelona

The world’s largest online betting exchange – Betfair – has signed a global deal with FC Barcelona. According to the contract, the Internet betting company is to become part of the official global partners of the Spanish football club. The contract is signed for a period of three years. Currently, Betfair is part of Paddy Power Betfair gambling group that has merged recently. The plans for the merger were announced by the two companies in the summer of 2015, so they joined forces to create a land-based and Internet gambling…

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GAN Plc Welcomes David Capital Partners as New Investor

GAN Plc Welcomes David Capital Partners as New Investor

GAN Plc, formerly known as GameAccount Network, has officially announced that the Chicago financial advisory firm David Capital Partners has been welcomed as a new investor. According to the company’s press release, a total of £450,000 have been raised through a non-pre-emptive placing of 1,500,000 ordinary shares to the US-based company and its associates. The shares of £0.01 came at an issue price of 30p each. The new share placement and purchase, respectively, is to grant the American investor with 2.2% of the enlarged GAN Plc total share capital. As…

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Inspired Gaming to Be Acquired by Hydra

Inspired Gaming to Be Acquired by Hydra

The special purpose acquisition company Hydra Industries Acquisition Corp. announced on Thursday that it has entered the definitive purchase agreement phase of the takeover negotiations with the London-based Inspired Gaming Group and its subsidiaries and co-investors. The US company has been formed with the purpose of effecting exactly mergers, acquisitions and similar business combinations and is now entirely focused on finalising with the gaming supplier. Inspired Gaming has been estimated to £200 million, including its indebtedness. Transaction expenses have been excluded from the valuation of the UK-based company. The same…

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GVC Holdings Posts Double-Digit Growth in H1

GVC Holdings Posts Double-Digit Growth in H1

Today GVC Holdings Plc, one of the major online bookmakers on the market, announced a trading update for the six months ended June 30th, 2016. The company revealed that trading was given a boost over the period, and there was an increase in its profitability over the second quarter primarily thanks to the results over the first half of the Euro 2016 as well as to the takeover of Bwin.party. The e-gaming provider, which almost doubled in size after the acquisition of Bwin.party Digital Entertainment Plc, shared that it managed…

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Mark Johnston Urges ITV to Dump Betting from Its Sports Coverage

Mark Johnston Urges ITV to Dump Betting from Its Sports Coverage

Mark Johnston, a horseracing trainer, has publicly asked the broadcaster ITV that is based in the UK to get rid of betting advertising from its sports coverage at the time when the brand is expected to assume exclusive race broadcasting rights at the beginning of 2017. ITV is to take control of Channel 4, and the takeover deal includes broadcasting the major events on the calendar, such as the Cheltenham Festival, the Investec Derby Festival that takes place at Epsom Downs and the Crabbie’s Grand National at Aintree. The takeover…

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Betfred To Purchase between 300-400 Ladbrokes and Gala Coral Retail Assets

Betfred To Purchase between 300-400 Ladbrokes and Gala Coral Retail Assets

The UK-based bookmaker Betfred has been reported to be approaching a deal to purchase hundreds of betting shops. This happens at a time when the long-awaited merger between Ladbrokes and Gala Coral enters the final stages of the scrutiny imposed by the UK Competition and Markets Authority (CMA). A few days ago it became clear that the above-mentioned companies have been required to dispose of a large number of betting shops in order for their merger to be finally completed. The sale has been prompted by the UK Competition and…

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Ladbrokes and Gala Coral Merger Could Be Announced This Week

Ladbrokes and Gala Coral Merger Could Be Announced This Week

As the UK newspaper The Sunday Times reported, the long-awaited merger between the British gambling and betting company Ladbrokes and the UK-based privately-held betting shop, casino and bingo operator Gala Coral could be confirmed as early as this week. The deal is estimated to £2 billion. The eventual merger was officially announced last week. According to the report, Gala Coral could hand an unexpected sum of £50 million to senior staff in case that everything about the merger proceeds as initially planned. In addition, some speculations were raised that the…

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SIS and Irish Greyhound Board Sign 5-Year Content Deal

SIS and Irish Greyhound Board Sign 5-Year Content Deal

One of the leading providers of betting data and services SIS has officially confirmed that it has reached an exclusive deal with the Irish Greyhound Board (IGB). The 5-year contract is regarding collecting and distributing greyhound racing content to both land-based and online betting operators. In short, international streaming rights are what the contract actually includes. Getting such rights will provide the low latency streaming platform of the company – SIS Stream – with the chance to expand the reach of Irish greyhounds races to new territories worldwide. According to…

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Proposed Ladbrokes-Coral Merger Raises BHA Concerns over UK Racing and Greyhound Industries

Proposed Ladbrokes-Coral Merger Raises BHA Concerns over UK Racing and Greyhound Industries

A submission to the UK Competition & Markets Authority (CMA) has been filed by the British Horseracing Association (BHA), which had shared its concerns related to the merger of Ladbrokes and Gala Coral. The Chief Executive of BHA Nick Rust has written to the CMA to state that the proposed merger of the two companies could have a negative impact on the consumer choice in both the racing and greyhound industries of the UK. An investigation of the planned tie-up was started by the CMA in December 2015. Then, in…

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IG Group Holdings Appoints Paul Mainwaring as CFO

IG Group Holdings Appoints Paul Mainwaring as CFO

IG Group Holdings Plc has revealed that Mr. Paul Mainwaring was officially appointed at the position of Chief Financial Officer Designate. The new CFO will come as a replacement of Mark Ward who is to leave the ranks of the UK-based trading company after a short handover as it was initially planned. The appointment will come into effect on July 11th. This is a major step for IG Group, which comes pretty much as a conclusion of the senior executives overhaul that had been undertaken by the company over the…

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