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500.com share price set to tumble as China suspends lottery sales

SBC News 500.com share price set to tumble as China suspends lottery sales

The Easter holiday break has provided further bad news for embattled New York listed Chinese sports lottery operator 500.com, as Chinese authorities made a new announcement regarding the sale of online lottery services/products. A joint public communication led by China’s Ministry of Finance and eight other governmental bodies stated that all lottery sales serviced through online verticals or through third …

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Betting Awards to launch in Russia

SBC News Betting Awards to launch in Russia

June will see Moscow host the Betting Awards 2015 ceremony as part of Russian Gaming Week, an international gaming and entertainment exhibition. Betting networks, online bookmakers, providers of payment solutions and services, industry media and other members of the Russian market will compete for awards in more than 10 categories. Smile Expo, an organiser of the ceremony, has gained the …

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Sheikh Hamdan donates $6 million Dubai World Cup win purse to autism charity

Dubai Crown Prince Sheikh Hamdan bin Mohammed will donate his $6 million win purse from the Dubai Racing World Cup to the Dubai Autism Centre. On Saturday Sheikh Hamdan saw a surprise win for the Dubai owned Godolphin stables as old runner Prince Bishop won the Dubai World Cup principal meeting at the Meydan Racecourse. Prince Bishop ridden by Danish/British …

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George Harborne: Betting Partnerships in the Premier League

SBC News George Harborne: Betting Partnerships in the Premier League

George Harborne, Head of Partnerships at Premier League side West Bromwich Albion, discusses how the betting industry currently works alongside the country’s top football clubs. As far as partnership categories go, betting is one which is a ‘sure thing’, with Premier League clubs deriving some form of income from advertisers in this industry. However, despite the hefty investment from the …

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Pro lobby resubmits Japanese casino bill

SBC News Pro lobby resubmits Japanese casino bill

Japan’s pro gambling lobby is preparing to resubmit its failed bill to legalise gambling in ‘integrated resorts’ by the end of the month. Pro casino law makers are targeting approval or progress for the bill by the end of 2015. Legalised gambling has been promoted cautiously by Prime Minister Shinzo Abe as part of Japan’s future economic growth program. To …

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Melcolot enters advanced negotiations for Tbilisi casino project

SBC News Melcolot enters advanced negotiations for Tbilisi casino project

Asian gambling investment firm Melcolot Ltd has announced that it is in advanced stages to proceed with its Georgia casino project. The firm had outlined to November 2014 that it coveted opening a casino in Tbilisi, and that management had started to discuss terms with local officials. The news of the advanced staged discussions with the Georgian government have been …

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Investors sue 500.com over misleading IPO representation

SBC News Investors sue 500.com over misleading IPO representation

New York listed Chinese sports lottery operator 500.com has been hit with multiple US investor class action federal suites over misrepresentation of its business practices and operations in the build up to its December 2013 IPO. A group of US law firms representing 500.com investors have filed a federal securities fraud class action against the operator. They claim that the …

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Betfred becomes title sponsor of World Snooker Championship again

SBC News Betfred becomes title sponsor of World Snooker Championship again

Snooker’s biggest tournament, the World Championship, will be title-sponsored by Betfred for the next three years. The prestigious event will be known as the Betfred World Snooker Championship until at least 2017. This year’s tournament will run from April 18 to May 4 at the Crucible Theatre in Sheffield, with the top 16 seeds joined by 16 qualifiers to chase …

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