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Stars Group has confirmed that the all-cash transaction was funded using cash on its balance sheet, with the deal entitling it to appoint a majority of the directors on CrownBet’s board. Although the company have confirmed that CrownBet CEO Matthew Tripp, will remain in his position as CEO and continue to operate the business in […]

Under the terms of the multi-million euro deal, GVC is obliged to purchase the remaining 49% of the business in 2021, at a valuation of either the lower of seven times the 2020 clean EBITDA or €150m. Crystalbet, which was established in 2011 holds licences to offer online gaming products, including sports betting, casino games,

In its full financial filing for the year, the company revealed net gaming revenues of to €925.6m ($1.14bn) beating the €794.3m that the company accrued during 2016. Full-year revenue grew by 16% on a pro forma basis from a 2016 p of €772.9m, to a 2017 high of €896.1m. Whilst clean EBITDA registered solid growth

Under the initiative, which will take place over the final three games of the Premier League season, the club and the charity will produce advertisements and promotional materials intending to raise awareness of the risks of gambling. In addition GambleAware related messages will appear on advertising hoardings around the pitch and on screens throughout the

In his new position Eriksson will be tasked with driving the development of Kambi’s next generation sportsbook and will also be responsible for creating one which is able to lead a potentially soon-to-be regulated US market.  Eriksson brings with him ten years of experience at Swedish sports betting monopoly Svenska Spel, including four years as

“The legalisation of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own,” Justice Samuel Alito wrote on behalf of the court. The court upheld the legality

Under the agreement, Paddy Power Betfair will contribute its existing US assets along with a cash contribution of $158m. The company has confirmed that this cash contribution will be used to pay down existing FanDuel debts, which amounted to $76m at 31 March 2018 and fund working capital of the combined business. Upon completion of the transaction, Paddy

According to a report by Sky Sports, Alizeti will pay a fee of £20m for its initial stake in the Tote with the view of spending up to £150m in the next 5 years to take full ownership. Under the terms of the agreement, the Alizeti consortium, which is of racehorse owners and breeders, will

In its report, the company detailed Q1 2018 revenues of $327.8m (€280.7m), a year-on-year rise of 4.3% on the $314.1m (€269m) reported during the same period of 2017. Gross gaming revenues also increased during the period, rising by 2.5% year-on-year from a Q1 2017 p of $161.2m (€138.1m) to a Q1 2018 high of $165.2m

In February, DraftKings began expanding its operations into sports betting, in preparation for any potential Supreme Court decision on PASPA, opening an office in Hoboken, New Jersey and recruiting its first Head of Sportsbook, Sean Hurley. Earlier this month, hot on the heels of the Supreme Court decision, the company announced that it would enter