Betting technology provider Sportech has been cleared of its long running ‘Spot the Ball’ £97 million VAT repayment dispute with Her Majesty’s Revenues & Customs (HMRC). Today the UK Court of Appeal ruled unanimously in favour of Sportech’s case against HMRC which argues that the company was owed £40 million in VAT, plus added interest, on ‘Sport the Ball’ competition …
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Gaming Realms doubles revenues to £21 million as corporate losses narrow in 2015
Presenting its full-year 2015 results, London AIM-listed mobile gambling operator Gaming Realms Plc reported that it had narrowed FY losses to £7.8 million (FY 2014 £9.8 million). Gaming Realms who operates mobile centric casino brands, Pocket Fruity, Slingo, Spin Genie and Britain’s Got Talent Games reported that it had almost doubled company revenues to £21 million (FY 2014: £11.2 million) …
Read More »21bet’s Sarah Shannon takes the Tipster Challenge at Chester
After another unpredictable day in the Tipster Challenge Series at Ascot last week, Sarah Shannon of 21bet has signed up to represent the Guests in Week 16 at Chester. Sarah has been a sports writer for the 21bet team since the UK’s newest bookie launched back in March. She is a passionate tipster and a qualified sports journalist with over …
Read More »Betcade opens store for Android ‘real-money’ app submissions
Start-up Betcade which aims to open up the real money gaming apps market for Android users through its dedicated store has announced that it has officially opened its app submission services to gambling operators and developers. Launching its services first for the UK market, Pasadena founded Betcade aims to ease the process of downloading gambling apps and services for Android …
Read More »Gaming Innovation Group strengthens Group management
Gaming Innovation Group (GIG) have recruited Mikael Ångman as the new Chief Operating Officer (COO) of the company effective from 1 September. Furthermore, Katja Laaksonen has been appointed as Managing Director of Guts.Com. Following a period of strong growth in all segments, GIG has initiated a process of establishing Group executive management, which will be responsible for the individual managements …
Read More »The lost art of odds compilation: Over-reliance on Asian Handicap lines
Pricing feeds have become de rigueur in an industry beset by increasing costs, but are they the best way forward for established sportsbooks desperate to retain market share? In a two part article, Jeevan Jeyaratnam of Super Soccer GPS takes a look at how the market has developed. In recent years the growth of online wagering and the, ever-extending, choice of whom to bet …
Read More »Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016
Updating the market, FTSE-listed gambling operator Paddy Power Betfair (PPB) presented its proforma basis results (merged results) for Q1 2016 (period ending March 31). The newly merged FTSE-100 enterprise (merger officially completed 2 February) reported group revenues up 16% to £339 million for its opening quarter performance. PPB governance was pleased to report Q1 2016 metric growth, despite being impacted …
Read More »Betsafe taking Gumball 3000 to the next level with F1 car
Team Betsafe has participated in the Gumball 3000 Rally for years now but this time around it’s stepped things up a gear by bringing an F1 car to select locations. This year’s route features two new locations, with the journey from Dublin to Bucharest and the bookmaker’s BGF1, as seen below, will be on hand. The rally got underway in Dublin …
Read More »Un bon début – French government is considering esports regulation
The French government has made serious moves to regulate and push forward the esports industry nationwide as part of a wider digital reform bill which is currently being considered. The projet de loi pour une République numérique, or Digital Republic bill, has been in discussion since last year but only yesterday did France’s Digital Minister, Axelle Lemaire, announce a number of measures …
Read More »SIS & Genius Sports form Spanish football data partnership
Betting solutions supplier SIS has confirmed that it has entered a partnership with betting insights and intelligence provider Genius Sports for the distribution of in-play data for Spanish football. Through its new partnership with SIS, Genius Sports will be allowed to capture betting data on Spanish football matches including La Liga and further matches sanctioned by the Liga de Futbol …
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