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nyan judge has ruled that the country’s controversial gambling tax increase has been delivered in a legal manner, resulting in SportPesa carrying out its threat of withdrawing football sponsorship.High Court Judge John Mativo announced his ruling on Thursday, stating that the new 35% tax on casinos, raffles, lotteries, and betting would serve the public interest […]

ts final deal of 2017, Better Collective has acquired the assets of Goal.pl Group in a bid to extend its presence in the regulated Polish market. The final acquisition marks the eighth major deal of the year, concluding the company’s strong M&A strategy in 2017. The company stated that the acquisition of the popular polish

nnouncing its Q4 financial results for 2017, Kambi generated a trading margin of 9.7% due to some unusually high numbers of favourable sporting results. The results massively exceeded expectations, with the average long-term trading margin expected between 6.5% and 7%. Despite the good news, the results consequently place some pressure on operator turnover growth. Kambi

ican daily fantasy sports heavyweight DraftKings has announced its intention to begin an “aggressive hiring campaign” that will see the company increase in size by 75% over the next 18 months. In a statement, Jason Robins co-founder and CEO of DraftKings said: “We are entering an exciting phase of accelerated growth at DraftKings as we

d of CashBet’s Initial Coin Offering, the cryptocurrency-enabled, mobile-first platform provider has announced a landmark partnership with Premier League football club Arsenal FC.The deal marks the first of its kind, as Arsenal will become the first major team in world football to officially partner with a cryptocurrency company.Vinai Venkatesham, Arsenal’s Chief Commercial Officer, commented: “We

017’s fourth quarter, Spanish online gaming revenue increased by a whopping 38% according to the Dirección General de Ordenación del Juego (DGOJ), showing gains across all of the key verticals.Revenue during the three months ending 31 December, 2017, generated €173.3m, up 38% on the corresponding period a year prior. Furthermore, the fourth quarter revenue ps

ookmaker William Hill has been ordered to pay a £6.2m penalty package by the Gambling Commission (UKGC) following “systemic senior management failure to protect customers and prevent money laundering”.The fine follows an investigation by the UKGC between November 2014 and August 2016, which found that senior managers had failed to mitigate risks and have sufficient

In its final financial filing of the year, the company announced operating revenues of €422.7m, surpassing the €395.7m accrued during the same period of 2017, attributing this rise in revenue to strong performance in Italy, Spain, Argentina and Uruguay. Fourth quarter adjusted EBITDA rose by 11.7% during 2017 to a high of €73.6m, representing a

But as the scenery changes, the song remains the same from the associations, who have reiterated their calls for a 1% integrity fee to be introduced, as they have done previously in both prior states. The move comes amid proposals to legalise sports betting in Connecticut, where the Public Safety and Security Committee, Co-Chaired by

Justices in the High Court unanimously voted to approve the £4bn deal, greenlighting the scheme of arrangement between the two companies. This latest approval follows positive decisions from the Competitions and Markets Authority (CMA) and shareholders in both firms, who met earlier this month. Under the terms of the takeover process, Ladbrokes Coral will delist