Company Reports

The Chief Executive Officer of online gambling company Mr Green, Per Norman, revealed that the operator remains committed to responsible gambling with the introduction of its Green Gaming Predictive Tool. Customer protection and responsible gambling have been among the paramount priorities set by various gambling regulatory authorities across Europe have shared concerns about the increased number of customers who have been affected by gambling-related harm. The roll-out of Mr. Greens’ new tool comes at a moment when up to 6.9 million European citizens take part in online gaming on a…

The Chief Executive Officer of Sky Bet – Richard Flint – has shared an opinion that the local betting industry needs to pay more attention to both the public and its opponents and raise its awareness of its existing issues related to problem gambling. Mr. Flint took part in the ICE Totally Gaming show in London, where he gave a speech, unveiling a four-point plan that could be adopted by the wider industry in order for gambling-related harm to be reduced. Sky Bet’s CEO further explained that the industry needs…

Earlier today, an Australian court found that casino and gambling behemoth Crown Resorts Ltd did not mislead players about their prospects of winning a cash prize, dismissing a notable case filed against the company by a former gambling addict. Shonica Guy, represented by the Maurice Blackburn law firm, claimed that the operator’s poker machines had given players unrealistic expectations about their chances of winning. The claims of Ms. Guy were especially aimed at pokie machine called “Dolphin Treasure” were denied by both the casino operator and the manufacturer of the…

The UK Gambling Commission (UKGC) has invited gambling operators, industry stakeholders, customers and members of the public to share their opinion on the proposed amendments to regulatory rules related to gambling advertising and marketing, unfair terms and complaints. The regulator has rolled out a consultation on the above-mentioned proposed changes, since gambling advertising has become not only a matter of great interest, but also a controversial subject. The major gambling regulatory body of the UK is seeking new prerogatives that would provide it with the right to impose fines on…

The UK-based betting and gambling company Ladbrokes and the Scottish Professional Football League (SPFL) have revealed they reached a new sponsorship deal for two years, with both the operator and the SPFL making a pledge to promote responsible gambling. The British bookmaker that has been a sponsor of the four divisions for a couple of years, is to remain as such for at least two more years. The sponsorship agreement between the two parties over the following two seasons is estimated to a total of £5 million. For some time…

Only a few weeks ago, the UK bookmaker Ladbrokes Coral and the Isle of Man-based gambling group GVC Holdings announced they reached an agreement on their merger negotiations. As revealed by the two companies at the time, Ladbrokes Coral is to be taken over by its online gambling rival GVC in a deal that was estimated to up to £4 billion. The announcement came only two weeks after it became clear that the two companies had entered in “detailed” negotiations over a possible merger deal. The deal follows two previous…

Today, the British gambling operator William Hill published a trading statement for the year ended on December 26th, 2017 sharing its expectations for its full-year profit. The company further hinted that it may be considering a possible sale of its Australian assets due to tougher regulatory regime. According to the operator’s preliminary expectations, its annual adjusted profit for the past year is to increase by 11% in comparison to the 2016 result, reaching an estimated of £290 million, with this result being larger than analysts’ expectations. William Hill shared that…

A spokesman of Novomatic, the gambling technology company based in Austria, revealed that the group left the German online gambling market at the end of December 2017, urging the local regulators to bring more clarity to the online gambling legislation of the country. In an e-mailed statement, the official representative of the company explained that German regulators had to invest more efforts into give a new and improved form of the local online gambling legislation, because the currently existing rules were not clear enough. The operator was making plans to…

Today, the former boss of Worldpay, Peter Jackson, is making a fresh start by taking over the position of Chief Executive Officer of Paddy Power Betfair. Since January 8th, the 42-year-old Mr. Jackson is to officially take over the CEO position from Breon Corcoran, who left the company’s board on January 7th. This is a big step for Peter Jackson, who in March 2017 became boss of the payment processing company Worldpay. Before that, he has a 7-year experience at the position of Chief Executive Officer of Travelex, a foreign…

Mirae Asset Daewoo Co. Ltd revealed that it has acquired a mezzanine debt amounting to $95 million on Las Vegas’ Cosmopolitan, which is currently owned by the Blackstone Group. The move of the South Korea’s leading mutual fund house’s brokerage unit comes at a time when the private equity firm was aimed at accumulating a new refinancing package on the hotel and casino resort. In its regulatory filing from January 4th, the company revealed that it will separately raise fresh capital amounting to KRW 700 billion that would be used…