Europe NEWS

Betfair welcomes CreedRoomz’s diverse live casino games

CreedRoomz, celebrated as the best 'Live Casino Provider of the Year' at the prestigious SiGMA Europe Awards this year (above in photo), has joined forces with sportsbook and online casino provider Betfair, under the Flutter Entertainment umbrella.

MANU shares soar as Ratcliffe seals game-changing acquisition

In a pivotal move for the iconic English soccer club, British billionaire Sir Jim Ratcliffe successfully acquired a 25 percent minority stake in Manchester United Ltd. (MANU). The announcement, made on Christmas Eve, revealed Ratcliffe's acquisition of Class B shares previously held by the American Glazer family, the club's owners, along with the option to acquire up to 25 percent of Class A shares.

Declining fortunes for Boxing Day horseracing

Today marks the much-anticipated Boxing Day racing extravaganza, however Kempton Park finds itself at a financial crossroads. Traditionally one of the most important days on the racing calendar, Boxing Day has seen a decline in attendance figures in recent years, mostly affecting Kempton Park, host to racing's most valuable and historic card on 26 December. The track's struggle to attract crowds has left a significant void in its revenue, with attendance numbers hovering around 11,500 in 2021 and 2022, a stark contrast to the 17,218 and just under 20,000 in the preceding years. It is evident that things have changed post-pandemic. Economic dynamics of racing feast For Kempton Park, heavily reliant on a handful of key events each year, Boxing Day represents a financial lifeline. The British Horseracing Authority's revelation that a significant majority of racing enthusiasts attend events once a year underscores the pivotal role of annual traditions like Boxing Day racing. Beyond the ticket price, the day serves as an economic powerhouse, as racegoers, akin to once-in-a-year tourists, contribute significantly to the track's revenue through food, drink and betting activities. King George card - hopes for financial resurgence The spotlight of this year's Boxing Day rests on Kempton Park's King George card, a lineup poised to capture the attention of racing enthusiasts nationwide. Featuring Constitution Hill, possibly the best hurdler of all time, and marred by Shishkin's documented refusal to run in a recent Ascot event, the card promises an exhilarating spectacle. If this racing extravaganza fails to reinvigorate Kempton's attendance figures, it raises the question of whether the track can bounce back financially. The optimism about Shishkin's participation, despite concerns, also adds a layer of suspense to the event, and the outcome may well determine the financial trajectory for Kempton Park in the coming year.

M&A: Sir Jim Ratcliffe treats himself to a Christmas gift

Sir Jim Ratcliffe has finally secured a 25 percent stake in Manchester United for a staggering £1.2 billion. The completion of this unprecedented deal has been timely Christmas gift to himself.

Bets are on for EastEnders in tonight’s Christmas Special

Anticipation runs high as EastEnders aficionados eagerly await the unfolding drama of tonight's Christmas episode. The stakes are not only confined to the on-screen narrative but extend into gambling as bets are being placed on the odds of tonight's gripping storyline.

MGA proposes increase in iGaming licence capital requirements

The Malta Gaming Authority (MGA) is conducting a consultation on the minimum paid-up share capital requirements for new iGaming companies seeking an MGA licence.

AvatarUX appoints Lara Falzon to the helm as new CEO

AvatarUX, a prominent player in the iGaming sector, has appointed Lara Falzon as its new Chief Executive Officer (CEO), succeeding Nicola Longmuir.

Italy’s proposed sky-high licence fees spark concerns

The European Gaming and Betting Association (EGBA) has expressed concern over Italy’s decree on online gaming. The proposed legislation, featuring sky-high licence fees, is raising eyebrows not only for its financial burden but also for potential violations of EU law. Unprecedented licence fee hike The legislative decree was approved on December 19 aimed at reorganising…

3 key proposals from Italy’s plans for online gaming

The Italian Council of Ministers approved a legislative decree tabled by Minister of Economy and Finance Giancarlo Giorgetti on December 19 aimed at reorganizing the country’s gambling sector, with a primary focus on online gambling. This decision, following the guidelines of Article 15 of law 9 August 2023, n. 111, is set to bring about…

Is Entain’s losing streak over? And who is Stella David?

he path to recovery for Entain lies in convincing stakeholders that the losing streak is over. While some investors with steady nerves may perceive a buying opportunity in the current share price, the onus is on Stella David to instil confidence and reshape Entain's trajectory in the fiercely competitive landscape of online gaming and betting.