Customers want both convenience and value which is why the industry needs to sit up and have a look at what betting brokers can bring to the table, for both the punter and the bookmaker. SBCnews’ brokerage expert Nico Jansen, of Bet IT Best, explains. Over five years ago operators looked at their customer experience and realised there was a problem. …
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Fine China – What opportunities does the growth of Chinese football give bookmakers?
SBC’s Football Odds Expert Jeevan Jeyaratnam takes a look at one of the more ambitious football leagues in the world – the Chinese Super League – and asks how betting can benefit. Respectable news sources have recently been suggesting that the Chinese government have offered soon-to-be out of contract PSG star Zlatan Ibrahimovic an insane £59M per annum to ply …
Read More »Amaya expects CEO Baazov to be ‘fully exonerated’ over insider trading charges
Gaming giant Amaya has said it expects its Chairman & CEO David Baazov to be ‘fully exonerated’ after the Quebec securities regulatory authority (AMF) charged him with a number of trading violations as part of a long-running investigation. The AMF has charged Baazov for aiding with trades while in possession of privileged information, influencing or attempting to influence the market price …
Read More »UK Government following French lead for racing funding changes
The UK Government will be applying for State Aid exemption to extend the horseracing betting levy to online bookmakers. The plans, revealed in today’s budget, show that rather than replacing the Levy Scheme, the DCMS is to attempt to alter it, following the line ploughed by the French authorities to introduce betting rights to sports. In a document responding to …
Read More »Nico Jansen – Bet IT Best providing added value for all stakeholders
Nico Jansen is founder and CEO of Bet IT Best, the innovative sports portal that allows its members to bet with several bookmakers from one central hub with one single wallet. He reveals some of the drivers behind the business. SBC: Hi Nico, can you detail Bet IT Best’s product journey, from its conception stage, to its research, its initial …
Read More »Current Levy level unsustainable for LBOs
Horseracing and the government has been warned that the current level of Horseracing Levy being paid by betting shops is unsustainable and will need to be lowered if the sport is going to thrive in betting shops. Speaking at the Association of British Bookmakers AGM in London yesterday, Paul Darling QC underlined the fact that betting shop operators are paying …
Read More »Equiom’s Peter Greenhill: ‘a very different player experience required in Asia’
Peter Greenhill, recently recruited as Head of eBusiness by Equiom Group, explains how his new firm fits into the gaming eco-system and why it decided to become a sponsor of the Asian Spring Social, organised by AGBrief and SBC. SBC: Hi Peter, great to catch up. As a gaming and eBusiness leadership veteran, what attracted you to join the Equiom Group …
Read More »£4.8m point of consumption bill blunts 32Red’s record growth
Gaming operator 32Red has posted a record revenue performance for 2015 with a 52% increase in net gaming revenues for the year – however its figures have been blunted by a £4.8m point of consumption tax bill. The firm saw 35% increase in its core 32Red revenues to £41.7m, a 54% jump in its Italian business to £1.7m and a …
Read More »Time for bookmakers to wake up and smell the coffee on AML rules
Licensing expert David Clifton, of gambling consultancy Clifton Davies, takes a look at the recent movement by the regulator to tighten up money-laundering processes and doesn’t see any good news for bookmakers. The recent publication on the Gambling Commission’s website of a public statement highlighting failures in Paddy Power’s anti-money laundering (AML) and social responsibility processes is the latest in what …
Read More »Paddy Power revenues hit €1bn before Betfair merger
Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …
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