Today’s need-to-know news – Monday, January 5

Today’s need-to-know news – Monday, January 5

Monday, January 5, 2015

UK bookmaker Ladbrokes has withdrawn from Russia, Finland, Portugal and Romania “due to recent changes in legislation” as it continues to step back from so-called ‘grey markets’ – where gambling is not illegal but is unauthorised. The company also pulled out of Norway, Switzerland, Hungary and Canada in the final quarter of 2014. In October, Ladbrokes corporate affairs director Ciaran O’Brien told TotallyGaming.com: “Ladbrokes regularly reviews the markets it operates in with regard to changing regulatory and legal frameworks. We stated we would be withdrawing from a number of markets during the second half of 2014.”

Betsson has struck a settlement deal with the former owners of Nordic Gaming Group over a disputed earn-out payment surrounding the Swedish betting company’s takeover of the online operator in 2012. Betsson will pay €15.45m ($18.41m) to settle the dispute...

Profits at online bingo and casino operator Gamesys – which operates in multiple markets and has offices in the UK, Gibraltar, Malta and Canada – dropped by 16 per cent in the 12 months through to March 31, 2014, even though turnover increased by 10 per cent to £199.3m (€254m/$303m)...

Meanwhile Australian cricket legend Shane Warne (pictured) has announced on his personal Twitter account that he has “parted ways” with 888poker, ending one of the industry’s most high-profile relationships. Warne, the national team’s all-time record wicket-taker, has been a partner of the internet poker brand of online operator 888 since 2008 and has captained Team 888poker at various events.

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