Ted Menmuir

Winning Post – Irish outlook… Sin tax errors, on both sides!

Opening the week, industry strategic consultancy Regulus Partners provides an Irish overview, assessing whether the government can reform its newly sanctioned betting tax scheme by forming a level playing field for its incumbents. ________________ The Irish government is reportedly considering changes to its betting duty regime in light of the evidence of the first six months of doubling the rate …

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Richard Flint – Racing is a ‘critical friend’ of betting in tackling its regulatory predicaments

Ending his 17-year tenure at Sky Betting & Gaming (Sky Bet), industry figurehead Richard Flint has called for betting and racing leaders to work in partnership, tackling an ‘existential threat’ facing all betting stakeholders. Speaking to the Racing Post, Richard Flint the former Executive Chairman of Sky Bet, warned UK racing leaders not to be complacent in believing that their …

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Scotbet handed lifeline by last minute receivership deal

Scotbet one of the few remaining independent bookmakers operating in Scotland has detailed that it is fighting for its survival, having been placed into receivership last Friday. The struggling bookmaker blames the UK government’s £2 FOBTs stake reduction, detailing its enforcement as ‘the straw which broke the camel’s back’. Restructuring its operations, Scotbet management has been forced to close 11 …

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SportPesa tells stakeholders it has no fear in its Kenyan position

Leading Kenyan bookmaker SportPesa has issued a statement to media and its corporate stakeholders underlining that its business will not be ‘shut down’ by Kenya’s current hostile agenda against licensed betting incumbents. A turbulent week saw Kenyan betting grab global business headlines as the Uhuru Kenyatta government instructed a number of national departments to undertake the strictest of enforcements against gambling …

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Betsson H1 results disrupted by tough regulatory dynamics

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

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Jesper Søgaard: Stage 1 – Establishing Better Collective’s US profile

Last May, Stockholm-listed Better Collective A/S moved to significantly advance its US profile by acquiring US legacy betting publisher the RotoGrinders network for $21 million. Branded as a transformative deal for Better Collective’s organisation and growth strategy, Chief Executive & Co-Founder Jesper Søgaard details to SBC why his firm is ready to gamble on the US betting market’s undefined agenda …

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SIS bolsters pferdewetten.de live racing capacity

Racing content and data provider Sports Information Services (SIS) continues to advance its European profile confirming that German legacy operator pferdewetten.de has launched its ‘24/7 Live Horse Racing Channel’. Delivered through SIS’ ‘Watch-&-Bet’ vertical, pferdewetten.de (horseracing.de) will bolster its racing content engagement securing live pictures and data of 27,000 horse races a year from over 130 of the world’s leading racecourses. …

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Irish government reviewing tax options on smaller players

Seeking to protect smaller industry incumbents, the Irish Ministry of Finance is reported to be considering removing tax duties on bookmakers who generate a turnover below the €2.5 million a year mark. The Irish Times reports that Finance Minister Paschal Donohue is prepared to listen to the concerns presented by the Irish Bookmakers Association (IBA) with regards to taxation and …

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Treasury praises UKGC for contribution on AML research

Publishing its ‘Anti-money laundering and counter-terrorism financing supervision report 2017/18’, the HM Treasury has praised the UK Gambling Commission (UKGC) for its contribution to research and insights on UK AML concerns. The Treasury publishes its seventh ‘AML/CTF report’, seeking to improve compliance transparency and accountability for UK supervisory stakeholders, across multiple business disciplines. In its report, the HM Treasury consults …

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Global Gaming seeks to maintain its ‘Swedish profile’ launching NanoCasino.com

Despite facing significant home market predicaments, Stockholm-listed Global Gaming AB has confirmed that it will launch new property NanoCasino.com, maintaining a presence within the regulated Swedish online gambling marketplace. NanoCasino.com will be operated by Viral Interactive, a subsidiary domain of Malta-based igaming turnkey services provider Finnplay, who last week were announced as Global Gaming group’s new lead platform supplier. A turbulent summer …

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