Betting

The affiliate said business has been performing strongly up until mid-March and financial targets for 2020 won’t be affected. However, it did admit sports betting activity will take a blow as all major sporting events come to a halt; but esports and casino business remains the same. February revenue increased 27% year-on-year to €6.9m ($7.6m). […]

The SGA awarded the fine to Spooniker Ltd, a subsidiary of Kindred, after a review of the gaming company’s website in March 2019 found that it offered “several different unauthorised bonuses.” During additional checks later that same year, the SGA found other bonus offers in violation of the Gaming Act, with the gambling website also

Revenue for January and February totalled €2.4m ($2.7m), down 27% year-on-year, while adjusted EBITDA was €390,000, a fall of 67%. The group expects the cancellation and postponement of sporting events to have “a meaningful negative impact” on revenue, with sports betting revenue accounting for less than 20% of total revenue during the two months. Online

It has been confirmed betting markets have opened up for the virtual race, with UK BGC members Bet365, William Hill, Flutter Entertainment, Sky Bet, GVC Holdings, BetFred, Betway, BetVictor, JenningsBet and Inspired Entertainment all committing to the initiative. All profits will go to NHS Charities Together; the umbrella organisation which represents more than 140 NHS

Racing in the country has been suspended since 17 March because of the coronavirus outbreak. But according to the flat and steeplechase racing governing body, France Galop, the sport “could” return in early May, but behind closed doors and under strictly supervised sanitary conditions. The date is significant because of Government plans to begin loosening

The operator’s board of directors and members of its executive committee have agreed to take a voluntary 20% reduction on basic salary and fees for three months, effective immediately. The executives and board members have also volunteered to forego their bonuses for the year. The remuneration was considered after the operator published its Q1 trading

The new deal, worth SEK 17m ($1.7m), will see the agreement extended until 31 Dec 2020. The partnership has been jointly running a number of projects since 2017 and Svenska Spel will continue its investment in Swedish sports through the extension. Projects stemming from the partnership include: the Forward Project, which provides 62 sports association

The agreement falls under the operator’s syndicated facility agreement, representing facilities of AU$2.2bn (US$1.44bn). As part of this agreement, Tabcorp has confirmed it will not pay a final dividend this year. The operator has announced it is in “advanced discussions” with its US private placement holders to obtain changes to existing covenants to provide additional

That is the impact that sports has on millions in the UK and billions across the world. So when the announcement was made that all the major sporting events, including the top European football leagues, were postponed – with Euro 2020 and the Olympics cancelled until next year – a thought occurred to me; what

The devolved Scottish government announced it was entering Phase 2 of its COVID-19 lockdown exit strategy, with elite football, rugby and racing able to resume from Monday, behind closed doors with suitable health protection measures in place. Scottish Racing and the British Horseracing Authority (BHA) confirmed the first racing fixture since 16 March will take