Number Crunching - Kambi, Lottoland and Sportpesa

Number Crunching - Kambi, Lottoland and Sportpesa

Wednesday, June 28, 2017 Posted by Sam Cooke
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.

35% - The blanket industry tax on all gambling activities in Kenya that has seen Kenya’s sports betting operator Sportpesa end all forms of sponsorship with national sports clubs and bodies. The company has claimed the huge tax rate as unworkable. All sponsorships will end from January. Ronald Karauri, CEO of Sportpesa has been a vocal critic of the tax, since it was initially announced at 50%. It seems the lowered rate is still not sufficient for Kenya to remain an attractive market.

25,000 - The number of betting points servicing seven million daily customers, operated by Corredor Empresarial SA. The Colombian gambling group has partnered with Nordic Nasdaq-listed industry platform and software provider Kambi Group Plc. The partnership will see Kambi become the exclusive platform provider for Corredor’s new online gambling brand BetPlay, servicing the asset with sports betting and casino provisions.

55,000 - The capacity of Manchester City’s Etihad Stadium. Asian focused firm Kai-Fa Yule, operator of the K8.com sports betting brand has secured a multi-year agreement with Manchester City, becoming its “Official Asia Betting Partner”. The bookmaker, based in the Philippines, will receive premium placement within all Manchester City Asian related coverage and promoted throughout the stadium.

10% - The amount of shares in Playtech Plc that founder Teddy Sagi will sell. The shares will be sold through personal investment vehicle Brickington Trading Limited. Brickington has announced that it will place 10.1% of Playtech share capital up for sale, and sources suggest Sagi is looking to target approximately $400 million for the share offload.

£150,000 - The fine issued by the UK Gambling Commission (“UKGC”) to Gibraltar-based online lottery operator Lottoland for advertising failings of unclear communications of its services and promotions. The UKGC added that Lottoland “did not make it clear to consumers that they were betting on the outcome of a lottery draw, and not actually taking part in a lottery”. Lottoland had failed to make its audience aware of the type of gambling they were participating in and thus received a hefty fine.

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