Key developments in 2018 come to fruition this year, with point of consumption tax and consumer protection issues set to ring big changes in the Australian gambling industry, according to Addisons senior Associate Karina Chong and partner Jamie Nettleton.
French sportsbook solutions provider Sportnco started life as the B2B subsidiary of France Pari, but has rapidly outgrown its home market. With Spain set to become the supplier’s largest market by the end of the year, CEO Hervé Schlosser is now targeting expansion in the US and Latin America.
Sports and betting-related services company Sportradar has entered into a new partnership with Federação Paulista de Futebol (FPF), which manages all official football tournaments in the Brazilian state of São Paulo, and has enhanced its existing partnership with the Victorian Racing Integrity Commissioner in Australia.
Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.
Grant Humphrey, assistant director of transaction support at Ernst & Young, asks whether there is a correlation between UK betting and gaming revenue and the performance of the UK economy and how listed companies' shares are affected by the ups and downs of economic cycles.
The UK Gambling Commission has updated its 'Industry Statistics 2008-2013' and provides the latest information on each industry sector – arcades, betting, bingo, casinos, gaming machine manufacturers, lotteries and remote gambling.