Daniel Macadam - Europe Editor


GamblingCompliance

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At the Brink, Codere Battles To Avoid Bankruptcy 27 Aug, 2013

Spanish gaming firm Codere has less than three weeks left to strike a deal with bondholders as it seeks to avoid bankruptcy and the loss of key Mexican and Italian gaming licences.

Betting Tie-Ups Become A Football Fixture 23 Aug, 2013

The rush of deals as transfer deadline approaches was matched in the football and betting sponsorship arena as both Paddy Power and SBOBet inked further tie-ups for the new English Premiership season.

Greek Officials Have ‘Underperformed’ On VLTs, Online Gambling 22 Aug, 2013

Greece’s government and gambling regulator have failed OPAP by taking so long to clarify rules for video lottery terminals (VLTs) and online gambling, according to a former Greek privatisation secretary.

UK Treasury’s £300m Tax Plans Leave Operators With Tough Battle 16 Aug, 2013

Operators face an “uphill battle” to persuade Chancellor George Osborne to lower his planned 15 percent levy on online gambling after the government released proposals to raise £300m in tax from the industry.

In Hot Weather Rank Snaps Up Cold Casino Licences 16 Aug, 2013

Rank Group has moved to tighten its grip on the UK casino market after its London casinos and newly-acquired Gala estate helped it beat analyst expectations for full-year profits.

German Tax, Uncertainty Squeezes Mybet Earnings 15 Aug, 2013

Germany’s Mybet is slashing costs and tearing up its forecast of any positive earnings this year amid the regulatory turmoil in Germany.

Beware Asia Corruption Risks, Say Crown Regulators 15 Aug, 2013

Casino operator Crown Ltd’s main regulators have warned that planned ventures in the Philippines and Sri Lanka pose serious risks of corruption and bribery in a comprehensive review of the company’s operations.

Emma Delta Signs OPAP Deal 13 Aug, 2013

Czech-led investment fund Emma Delta has finally inked the deal to acquire a controlling stake in Greece’s OPAP for €652m, as online operators mount a last-ditch effort to derail OPAP’s monopoly.

William Hill Snaps Up Australian Bookmaker Tom Waterhouse 09 Aug, 2013

William Hill this morning confirmed a deal to acquire Australian bookmaker Tom Waterhouse for A$34m (£20m) in upfront cash, insisting there was limited crossover with William Hill’s three existing Australian companies.

Gibraltar Executives Dismiss Spanish Gambling Threats 09 Aug, 2013

Gibraltar gambling executives and lawyers have brushed off threats from a Spanish government minister to tax operators based on The Rock as both “unlawful” and “unenforceable”.

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