The most important news of online gambling industry in last week

In this article we have prepared a brief overview of the main news of online gambling industry over the last week. We offer you an opportunity to have a closer look at it.

Betwayremains title sponsor ofGradeOneQueenMotherChampionChase

Famous sportsbook Betway has announced prolongation of sponsor’s agreement with OneQueenMotherChampionChase. One Queen Mother Champion Chase is a popular racing for horses of 5 years or older and is held annually within Cheltenham festival. Grade One Queen Mother Champion Chase take place since 1959.According to a new agreement, Betway remains the sponsor of the competition for the next three years.

The first sponsorship contract Betway signed with Grade One Queen Mother Champion Chase was made in 2015. Bookie was pleased with the results of joint work and agreed to extend the contract until 2020. That way, racing is to be called Betway Queen Mother Champion Chase.

Anthony Werkman, marketing director at Betway, told reporters that Cheltenham festival is the place everyone wants to visit and the company is madly happy to be in the thick of the event as a title sponsor of one of the oldest tournaments of such kind.

Online gambling market profit in Portugal for the first quarter of the year is €31 million

The income of the Portuguese online gambling market in the first quarter of the year is amounted to €31 million. These data were published by the local regulator.

The first license, which allows operating on the iGaming market of the country, was issued by the Portuguese regulator in May 2016 – as the company Betclic Everest got its license. Since then five more licenses were issued.Online poker giant – PokerStars – also got a license at Portugal. And since then some poker sites issued free money no deposit to increase the interest towards the game. And this marketing trick has some success.

Regulated market of Portugal have been licensed for 9 months already and total income for this period of time is €82,2 million. 70% of the income is shared by the companies Bet Entertainment and Betclic.However, income from betting falls: if in the third quarter of 2016, the year it amounted to 22.2 million euros in the first quarter of this year – 17.4 million euros.75% of all bet were made on football, while the rest was shared between basketball and tennis.

The majority of Portugal’s online gamblers are under 34 years of age, with 29.3% between the ages of 18-24 years old, and a further 40% aged 25-34. Less than 10% of registered customers are over the age of 45.

Paddy Power Betfair will be the first sportsbook to offer bets on drones races

Famous gambling operator Paddy Power Betfair made an agreement with Drone Racing League, becoming the first sportsbook to offer players making sports bets for professional races of non-piloted flying machines on remote control – drones.

On June, 13 six best pilots will compete in drones skill management of drones within the Allianz World Championship in Londonand Paddy Power Betfair will offer its clients making bets on the winner of the competition.

Head of marketing Department at Paddy Power Betfair Stephen Molt said that betting on races drones are a great opportunity for the company, especially given the growing popularity of such races.Paddy Power Betfair is trying to constantly work on enriching the gaming experience of clients and modern technologies are a source of company’s work.

Kindred Group Plc finalizes the deal on 32Redacquisition

Kindred Group Plc, which is the owner of poplar brand Unibet,has announced the completion of its takeover of the British gambling operator 32Red. The purchase will cost 226 million dollars andKindred Group Plcwill became the owner of 97% of 32Red shares.

After the deal was finalized, the shares of 32Red ceased to be listed on the London stock exchange alternative investment.

As Kindred Group Plc reports, expenses connected with takeover were about 4.6 million pounds.
Let us remind that deal was announced in February last year. Kindred Group Plc company was called Unibet Group until December 2016. The latest financial report of Kindred Group Plc witnessed growth of all major financial indicators, and total income of the company increased by 25%.

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