UK racing stakeholders are planning to launch a rival pool betting business to compete against the Betfred owned Tote, according to the Mail on Sunday. Plans for a new betting pool are being led by The Jockey Club and Racehorse Media Group, in conjunction with several interested parties. However the Tote currently has a statutory monopoly on horseracing pools, which …

Isle of Man based sports betting operator TGP Holdings Limited (TGP), has denied multiple accusations from its customers that it has unjustly closed winning accounts relating to this year’s Cheltenham Festival. This weekend, angry racing punters took to social media accusing brands on the TGP platform such as Fun88, 12Bet, TLCBet and 138.com of withholding payouts on Cheltenham 2016 winnings. However …

European sports betting operator mybet.com has expanded its profile and coverage in West Africa by agreeing sponsorship terms with Ghana Premier League football club Sekondi Hasaacas FC. Hosting a press conference this Saturday, Sekondi Hasaacas governance unveiled mybet.com as its new season sponsor. The financial terms of the sponsorship were not disclosed, however mybet.com marketing revealed that it had been …

Updating the market, Toronto TSX listed operator Amaya Inc has informed that it has been granted approval by the New Jersey Division of Gaming Enforcement (DGE) for the renewal of state igaming services for its PokerStars and Full Tilt brands. Amaya renews its New Jersey licensing, which was first granted on 30 September 2015, for the state provisions of PokerStars …

Frankfurt Xetra listed bookmaker mybet Holdings SE ends a difficult 2015 posting full-year EBIT losses of – €8.8 million (FY 2014: €500,000). Throughout 2015, the German focused bookmaker had been impacted by a downturn in player activity, with its online sports betting division witnessing a wagering decline from €100 million (2014) to €95 million (2015). Presenting 2015 results, mybet would …

Issuing a short market update, embattled New York-listed Chinese sports lottery operator 500.com has disclosed the sale of its 63% equity stake in Asian digital payment processor Sumpay.cn ( Sumpay). Payment processor, Sumpay, is licensed to provide third-party payment services in Chin. 500.com revealed that it had invested in Sumpay holding company Zhejiang Shangmeng Technology in December 2015 for a cash consideration …

Following its October 2015 approval by the Council of Ministers, Dutch national lottery operators Staatsloterij and De Lotto have finalised their merger. Operating under a new combined entity, Staatsloterij and De Loto will initially maintain its existing brand portfolio which includes lottery products; Toto, Lucky Day, Krasloten, EuroJackpot, Miljoenenspel. The new enterprise will be led by Staatsloterij Chief Executive Frans …

Issuing a short statement, Stockholm-listed operator Unibet Plc has confirmed that it has paid out an initial €7.5 million (£5.9 million) to the former owners of iGame Group Ltd in accordance with its agreed August 2015 corporate acquisition terms. The €7.5 million earn-out relates to ‘first-stage’ performance benchmarks attached to Unibet’s €59 million buyout of iGame assets (acquisition completed in …

Reigning champion Flat jockey Silvestre de Sousa has signed a deal to become brand ambassador for leading online sportsbook Betway for the 2016 Flat season. The 35-year-old jockey rode 132 winners last season, including the Group 1 Juddmonte International at York on 50/1 rank outsider Arabian Queen. He is 5/4f with Betway to retain his champion jockey crown. The deal …

MARCA, Spain’s most popular sports media brand has announced the re-launch of betting portal ‘MARCAapuestas.es’ in partnership with Playtech. The multi-year partnership sees Playtech services manage MARCA’s sports betting and igaming provisions on all digital platforms (desktop and mobile), with the Spanish media owner migrating its existing player base from the GTECH platform to Playtech solutions. Furthermore, Playtech management informed …