Embattled Bolsa Madrid gambling firm Grupo Codere SA closes its full-year 2018 accounts reporting group-wide losses of €40 million, primarily attributed to significant Argentine market adjustments. Reported throughout 2018, Codere has been forced to navigate the +100% collapse of the Argentine Peso against the Euro, with the gambling group detailing FX losses of circa €34 million. In its Argentina market …
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The Football Association (FA) enters an official payments partnership with PayPal that plans to transform how players pay their fees at grassroots level. By pushing payments through ‘The FA Matchday App’, the collaboration hopes to enable grassroots footballers to pay their match fees with their smartphones – bringing in possibly millions of extra pounds for grassroots clubs every season. Problems …
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The Remote Gambling Association (RGA) has warned Labour Deputy Leader Tom Watson that his party’s recommendations to introduce curbs on stake, spend and game speed for online gambling could send players to illegal offshore sites. Watson will today make a call for a new Gambling Act with the introduction of a new ‘Category E‘ designation to sit alongside the Categories …
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Labour Party deputy leader Tom Watson is to call for greater restrictions on online gambling in order to align the sector more closely with land-based gambling rules. At an IPPR policy seminar later today, Watson will call for the introduction of limits to spend, to stake and to speed in online gambling and the introduction of a new ‘E Category’ …
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Stockholm-listed online gambling group Betsson AB has announced the appointment of two key senior management hires, recruiting Cíara Nic Liam as Product Director for Gaming and Joakim Thor as Product Director for Sports Betting. The appointments have been confirmed by Betsson Chief Strategy Officer Peter Zäll, as the Stockholm gambling group continues to implement its corporate recovery programme, seeking to …
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FTSE100 online gambling group GVC Holdings has this morning announced that it has signed an agreement with Playtech Plc ‘covering a new long-term commercial relationship’. Playtech has formerly served as the lead platform and systems supplier for the GVC acquired properties of Ladbrokes and Coral UK. Integrating Ladbrokes Coral assets during the course of 2018, industry analysts wondered what type …
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SBC Events has followed up January’s PaymentExpert.com launch by adding the PaymentExpert Forum to next month’s Betting on Football (19-22 March) agenda. The inaugural PaymentExpert Forum will be held on Wednesday 20 March as a standalone track at #bofcon – an event featuring more than 2,000 senior executives, 200 of which will be speaking across 40 conference sessions at Chelsea …
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A report released by the UK Gambling Commission (UKGC) looking into ‘Gambling participation in 2018: behaviour, awareness and attitudes’ has found that the number of people who have participated in gambling has increased since December 2017. The survey, carried out by telephone and online by independent market research company Populus, found that 46 per cent of respondents had participated in …
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The ITTF (International Table Tennis Federation) has confirmed 12BET as its official international betting partner for the biggest Table Tennis event of the year: the Liebherr 2019 ITTF World Championships, taking place between 21-28 April. The partnership will see digital and social media activations carried out during the World Championships, promoting the 12BET brand globally, placing a specific emphasis on …
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The Advertising Standards Authority (ASA) has cleared a TV ad for Betfair after concerns were raised over whether the decision to focus upon the excitement of a betting experience could be deemed irresponsible. The ad in question, broadcast on 11 November 2018, showed a young man checking his mobile phone while walking down the pavement and going through what appeared …
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