Ted Menmuir

GameAccount sees fall in revenues & profits for H1 2014

Online gaming systems provider GameAccount Network published its 2014 H1 interim results, recording a first half loss and revenue fall. The company posted a Gross Revenues of £13.2 million (down 22% on H1 2013 £16.98 million). The decline in revenues effected reported Net Revenues and Clean EBITDA. The system provider published a 53.5% fall in net revenues of 4.16 million …

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UK bookmakers protest proposal of local planning permissions

UK bookmakers have asked the government to review planned proposals that would require retail betting operators to apply for council planning permissions when opening up new high street retail branches. Under current classifications betting shops are classed under the same bracket as financial services and estate agents. UK retail betting operators currently are not required to apply to councils for …

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Sergei Efimenko – Favbet – Thinking East

With numerous  Western European igaming markets reporting revenue declines in 2014, SBC caught up with Favbet Chief Operating Officer Sergei Efimenko to discuss Eastern European sports betting growth and how to create a betting audience in Eastern European markets. Sergei Efimenko discusses market intricacies, social and economic impacts that effect the regions gambling markets. Giving SBC readers real insight into …

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GamCrowd appoints Hogg as Chairman

Ian Hogg has today become chairman of GamCrowd.com, having recently left the board of global pools betting operator and supplier, Sportech Plc. Serial entrepreneur Hogg brings a wealth of expertise across online, TV, egaming, retail betting, poker,  and racing to London-based GamCrowd, the equity crowdfunding and crowdsourcing platform that specialises in the gambling industry. Chris North, GamCrowd’s chief executive officer, said: “I …

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GTECH forms steering committee for IGT integration

GTECH SpA Chief Executive Officer Marco Sala announced via a corporate video that GTECH senior management had begun to plan the integration of recently acquired International Game Technologies (IGT), in what will become one of the gambling industry’s biggest technology operators. Sala stated that the board of GTECH, had created a steering committee in order to aid the process of …

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Peter Philips advises launch of China Jockey Club

Peter Philips, grandson of Queen Elizabeth has been hired by the Chinese Cultural Agency, to help the launch and promotion of a licensed horse racing industry for China. Philips has been announced as part of a lead group of consultants that will share knowledge on how Chinese gambling and business authorities can operate a successful licensed horse racing industry. At …

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Brighton & Hove Albion shows half time horse racing

Horseracing broke new ground at Brighton & Hove Albion Football Club on Saturday, when the £160,000 Ayr Gold Cup was shown at half-time during the Club’s Sky Bet Championship clash with Blackpool – a trial which was hailed a resounding success. In conjunction with the Football League’s title sponsor, Sky Bet, Scotland’s most famous Flat race was broadcast by Racing …

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Snooker governing body launch match fixing investigation

The World Professional Billiards and Snooker Association (WPBSA) has launched an investigation into irregular betting patterns in a qualifying match involving Irish amateur player John Sutton  A statement released over the weekend read: “On Wednesday, the WPBSA Integrity Unit received an early warning notification from partners in the betting industry of unusual betting on the match between Jamie Burnett and John Sutton …

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mybet continues restructuring with Italian sale & UK exit

mybet Holdings, holding company of mybet.com have completed a further round of  corporate restructuring with the announcement of the operators exit from the UK betting market and the sale of its Italian business division. This week, the German operator issued a statement to players and media partners that it would no longer be accepting UK wagers on its products. mybet …

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General Court of the EU upholds the Danish tax regime for online gambling

The General Court of the EU issued a ruling at first instance in the Danish State aid case (and upheld the European Commission’s decision, confirming that the Danish regime instituting a lower tax for online gambling is compliant with EU state-aid rules. In doing so, the Court found that the applicants did not demonstrate that they were directly and individually …

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