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SBTech CEO exclusive: US sports betting mindset “very different” to UK

Gambling Insider caught up with the SBTech CEO to discuss the regulatory aspects of the US market, as well as his hopes for expansion in a number of new states. How receptive do you think politicians and regulators are to performance? Could we see some initial resistance even if it looks like a tax rate, […]

SBTech CEO exclusive: US sports betting mindset “very different” to UK Read More »

32 arrested in Singapore for illegal horseracing betting

A total of 29 men and three women are believed to have been involved in numerous roles, working as illegal bookmakers, runners and punters. Officers from the Criminal Investigation Department undertook an island-wide operation, which led to raids in Jurong West, Chai Chee and Hougang. Mobile phones, pagers and betting records were seized during the

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Offshore gambling sites fake official New Zealand web addresses

These sites have “.nz” in their web addresses but are not operating in New Zealand nor have they been regulated within the country. Only Lotto and TAB have approval to run gambling products in New Zealand. The Department for Internal Affairs (DIA) will continue to monitor the situation and check for illegal operators using its

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Sportradar exec: MGM-GVC joint venture will be “very strong” in US

Roar Digital is the joint venture between MGM Resorts International and GVC Holdings, which GVC CEO Kenny Alexander has said is taking a patient, long-term approach in the US. Deeley, VP Sales, Gaming at Sportradar, tells Gambling Insider: “The early pace-setters in New Jersey have been the leading daily fantasy sports brands DraftKings and Paddy Power

Sportradar exec: MGM-GVC joint venture will be “very strong” in US Read More »

PokerStars fined $10k for accepting New Jersey college bets

The 216 wagers were placed on a game between Rutgers and Eastern Michigan University, totalling more than $2,700. A further bet was placed on a game between Monmouth University and the University of Pennsylvania, although the value of this was not disclosed. State law prohibits wagers on college teams from New Jersey, even if the

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Kindred reports strong Q1 despite Swedish market re-regulation

Revenue from mobile grew 17%, to £173.8m, which amounted to 77% of Kindred’s total revenue. Profit before tax dropped 13% year-on-year to £17.7m. Revenue from the Swedish market for the quarter amounted to SEK 207.4 ($22m). Kindred saw an all-time high in active customers during the quarter, reaching 1,631,636. Henrik Tjärnström, Kindred Group CEO, said:

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Kambi CEO exclusive: Mobile sports wagering in New York will “definitely” happen

Shortly after the announcement was made public, Gambling Insider caught up with Kambi CEO Kristian Nylén, who had plenty to say on a number of markets across the globe. What’s your overall take on Kambi’s Q1 results and how confident are you of maintaining this level of performance? Overall, we are very pleased. Again, we

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Novomatic reports loss for fiscal year despite 10% revenue growth

The global supplier reported positive growth in all its core markets, emphasising particular success in Italy and Spain. However, EBITDA fell 1% to €555.6m, while Novomatic reported a loss of €154.9m overall, having made a profit of €61.4m for the 2017 fiscal year. The company attributes the loss to “one-off accounting effects as a result

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GVC to pay $100,000 for compliance investigations following preliminary Nevada approval

The operator was recommended for licensing by the Nevada Gaming Control Board following a 2-1 vote. The board recommended the approval of a provisional license for GVC, which would require the operator to return to regulators in two years to re-assess performances. GVC must also foot the $100,000 bill for future investigations into its own

GVC to pay $100,000 for compliance investigations following preliminary Nevada approval Read More »

Casino representative: 25% tax rate and $10m license fee will hinder sports betting in Illinois

Can you tell me how the amendments to the sports betting bill were received? Nobody was really in favour of either of the amendments in their totalities. First of all, we did not have a lot of time to look at them. They came out that morning between 10am and 11am and the hearing was

Casino representative: 25% tax rate and $10m license fee will hinder sports betting in Illinois Read More »