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Sports Media Entertainment pledges betting rights in R$950m debenture issue

Funding

Sports Media Entertainment included the commercialisation of betting rights among collateral for a private R$950 million debenture issue, according to reporting on the transaction. The company said the operation complies with applicable law and contracts; the report said the rights are potential receivables and that the FFU club group has no current betting-company agreement.

Betting-rights receivables serve as collateral, though the FFU club group has no current betting-company agreement.

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Funding

OHID awards gambling harms groups more than £9.4m in UK funding

The Office for Health Improvement and Disparities awarded more than £9.4m to gambling harms organisations in the UK, according to a report. Recipients include Gambling with Lives, Gamban, GamLearn, Chapter One and Beacon Counselling Trust; the funding page puts total provision through 2028 at £39.7m.

The Office for Health Improvement and Disparities (OHID) has awarded more than £9.4m to gambling harms groups, following legal challenges to earlier funding decisions, according to the report.

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