Bookmakers have been advised to tighten up their employment conditions in order to make sure that traders who spot an emerging coup on the books don’t look to profit themselves by placing bets with rival firms and also to protect themselves from such behaviour. The Gambling Commission has written to the Association of British Bookmakers (ABB) to highlight the potential …
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Malta asks for ECJ clarity on illegal betting definition
Malta’s Economic Secretary Jose Herrera has urged the European Court of Justice (ECJ), for further clarity over the European Unions definition of illegal betting. Herrera made the appeal in light of the publication of the European draft convention on sports competitions. The convention purpose is to prevent and detect corruption and manipulation of professional sports within EU member states. Furthermore …
Read More »Spreadex sees annual profit rise of 30%
Spread betting and fixed odds operator Spreadex has seen profits rise by nearly 30% according to the latest financial accounts filed at Companies House. The firm, which offers sports betting and financial trading from one account, posted profits before tax of £18.5m from turnover of £35.4m for the year ending 31 May 2014. Spreadex, originally formed in 1999, has seen …
Read More »Sportradar reaches ISO bar
Sportradar‘s Security Services have been officially certified ISO 9001. The Security Services support sports and law enforcement stakeholders worldwide as they seek to preserve the integrity of sporting competitions via two pillars: the Fraud Detection System which is dedicated to monitoring global betting behaviour and detecting betting-related match-fixing; and the Fraud Prevention Services which provide education programmes, products and consultancy …
Read More »Betdigital eyes potential sale
Industry news sources report that Oxford based interactive gaming platform and games content providers Betdigital, have received acquisition offers from numerous interested parties. EGR Magazine reported that the supplier of interactive gaming platforms and content, had been approached by several leading gambling B2B and B2X suppliers. The news source further comments that acquiring parties are interested in Betdigital’s proprietary technology …
Read More »Swedish tipster wins €10k as bettingexpert’s Tipster of the Year
One of Europe’s best tipsters has scooped another €10,000 after winning bettingexpert’s Tipster of the Year competition for 2013/14. Swedish tipster ‘Zami’ came top of the leaderboard for the year after achieving a profit of €3,258.90 across almost 8,000 bets with an average yield of 4.7 per cent. He outperformed more than 1,500 other tipsters who give their tips for …
Read More »Realistic becomes first third party supplier to PocketFruity.com
British slots supplier Realistic Games has signed a deal to deliver content to online casino PocketFruity.com. The Oxfordshire-based company is the first third party provider to integrate games onto the site, which is owned by Gaming Realms PLC. The collaboration will see a roll-out of Realistic’s complete portfolio of slot and table games, including Super Graphics Upside Down and 6 …
Read More »Denise Coates sets up £100 million charitable foundation
Denise Coates, founder of the UK bookmaker Bet365, has set up a £100m charitable foundation. This follows the recent success of the Stoke based operator which saw profits more than double last year. The firm announced pre-tax profits of £319m compared to the previous year’s total of £148m. This figure also takes account for £5m in losses in relation to …
Read More »Council of Europe adopts convention on match fixing
Ministers from around 50 countries are expected to sign a new convention at a conference in Switzerland in September where they will also discuss the risk of other forms of corruption in sport. In what’s being hailed as ‘a significant step in the fight against organised crime and unethical behaviour in sport’, 47 member states of the Council of Europe …
Read More »bet365 reports company profits of £213 million
Growth in in-play and mobile betting saw bet365 operating profits increase by 81% during the latest financial year (12 months ending March 2014). Bet365 posted gaming turnover of £1.30 billion on all product verticals, reporting an increase of 38% on 2013 figures. The Stoke based operator saw growth on all its gaming verticals. Pre-tax profits rose by more than 44 …
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