Daniel Macadam - Europe Editor
Hungary’s National Assembly this week approved government plans that will regulate and tax new forms of online gambling, but also block out unlicensed sites from January 2, 2014.
Buy-side analysts said that Betfair’s turnaround under chief executive Breon Corcoran remained intact as the company released its first set of results since the collapse of a mooted £1bn takeover.
The Isle of Man has drawn up a five-year online gambling strategy in the wake of the UK’s plans to issue its own licences by the end of next year.
The UK Gambling Commission has advised ministers that there is not enough evidence to decrease stakes on fixed-odds betting terminals (FOBTs), but also warned betting operators they must open up their books to show the slot machines are not harmful.
Bulgaria’s State Gambling Commission yesterday added 28 more websites to its burgeoning blacklist of operators it claims are targeting Bulgarian players without a licence.
Online bookmaker bet365’s double-digit growth across all products last year helped it grab a larger share of its home UK market, according to new estimates.
London-listed software supplier Playtech has sold off all its shares in UK pools and betting firm Sportech for an estimated £16m (€18.6m).
Codere, Spain’s largest listed gambling company, offloaded a chunk of its debt to two US asset managers to avoid default last week, but the company still faces regulatory difficulties from all angles.
Europe’s national lotteries are the biggest victims of the rise in illegal online gambling, according to industry chiefs, after a new report showed lotteries have lost market share in 17 EU countries.
Spain and Italy’s ailing horseracing sectors have implored their governments for more help as they look to survive deep funding crises, and, in Spain, unwelcome competition from online bookmakers.