Former F1 boss weighs in on £3bn bidding war for Playtech November 17, 2021 Former formula one team-owner, Eddie Jordan, is reportedly part of a consortium entering the contest to snap up a London listed gambling software company. A firm founded by Jordan is working with a US investor, believed to be Centerbridge Partners, on financing an offer for Playtech, Sky News first reported. A source told Sky News [...]
Exclusive: Sportradar signs major new NBA betting data deal November 17, 2021 Sports data giant Sportradar has continued its spree of major deals by signing a new contract with the NBA until 2031, City PM can reveal. The agreement, announced today, will see the Swiss company provide betting data to the world-leading basketball competition on an exclusive basis. The eight-year deal extends Sportradar’s current arrangement with the [...]
Paddy Power owner lowers forecasts after “unfavourable” sports results November 2, 2021 Global sports betting and gaming business Flutter entertainment has revealed a cut to its full year guidance following a string of “unfavourable” sports results, despite strong quarterly results. The “customer-friendly” sports results over the course of the first 24 days of October, combined with the halt of its operations in the Netherlands, resulted in Flutter [...]
Game on: Aristocrat bets £2.7bn on takeover of gambling platform Playtech October 18, 2021 Gaming technology company Aristocrat is acquiring the entire issued and issued ordinary share capital of gambling platform Playtech for 680p in cash per share. The acquisition, made through a subsidiary of Aristocrat – Bidco – has an approximate value of £2.1bn on a fully diluted basis, with £2.7bn value on an enterprise value basis. “This [...]
NFT platform Sorare under investigation by UK gambling commission October 12, 2021 Sorare, a platform where users buy and trade NFT football cards to build a fantasy team, is under investigation by the UK’s Gambling Commission. In a statement the Commission said that “any activity completed on the site by consumers in Great Britain is outside of the gambling regulations that a licensed operator should comply with.” [...]
888 makes inroads in Colorado as part of US invasion plans September 7, 2021 888, a leading online betting company, has announced its expansion into Colorado with the launch of a joint product with Sports Illustrated. The company will launch a Sports Illustrated wagering experience ahead of the start to the National Football League (NFL) season. The infamous media brand will direct its 30 million monthly viewers to 888’s [...]
Bookies’ body calls for Government-backed gambling ombudsman July 5, 2021 British gambling’s standards body has called for a Government-backed ombudsman to handle customer complaints. The industry has been under the spotlight during a Government-led Gambling Review launched at the end of 2020 after pressure from campaigners. Read more: Podcast: The City View, with Michael Dugher Today the Betting and Gaming Council (BGC) – which acts [...]
