The UK Charity Commission has closed its ‘regulatory case’ against the Young Gamers and Gamblers Education Trust (YGAM) after finding no grounds for any further examination. The regulator had responded to a complaint that raised questions related to YGAM’s relationship with industry standards and trade body the Betting and Gaming Council (BGC). YGAM replied to the complaint by outlining that its …
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Leading CIS betting group Parimatch has rebranded its corporate identity to ‘Parimatch Tech’ to better reflect the firm’s strategic vision as a multi-market, proprietary-built sports betting incumbent. The corporate rebrand conveys Parimatch Tech’s 27-year journey, transitioning from a single betting shop to a pioneering tech-first betting enterprise maintaining a global footprint within the Ukraine, Cyprus, UK, Kazakhstan, Belarus, Tajikistan, Tanzania, …
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AB Trav och Galopp (ATG), the operating company of Swedish licensed horse racing and trotting venues, has confirmed that it will no longer accept customer registrations from foreign/non-nationals. Following 2019’s implementation of new rules applied by Swedish gambling’s new regulatory regime, ATG venues have been forced to register all players wagering at its venues. In the wake of an internal …
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The board of Entain Plc has secured a first lien term loan valued at $1.12 billion (€995m) to refinance the company’s long-term corporate debt holdings. Updating investors, the FTSE100 gambling group will use the proceeds of its new loan to refinance its outstanding $774 million loan, which was due to mature from 29 March 2024. The transaction sees Entain expand …
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Bookmakers and hospitality businesses are examining whether they are in-line to receive multi-million VAT refunds from the government, in relation to HMRC overruled calculations on FOBTs charges. This weekend, The Times reported that up to 1,000 UK businesses that operated fruit machines, one-armed bandits and coin-pushers are reviewing whether to claim compensation from HMRC. The dispute relates to HMRC collecting …
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Over recent years we have become increasingly accustomed to seeing the BetBuilder tab appear as an option for matches on our favourite sportsbooks, but the product has so far eluded the esports punter. Until now. Sportsflare, a New Zealand-based tech company focused on providing innovative new betting experiences for esports, has become the first to offer same-game parlay betting around …
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In an exclusive interview for SBC News ahead of the upcoming Russian Premier League (RPL) season – which is due to start on 23 July – Yury Krasovskiy discusses how Liga Stavok’s initiatives are making the RPL “even more spectacular and exciting” for international bettors and why long-term partnerships with sports organisations are helping the operator to achieve its goals. …
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Relax Gaming’s ‘Money Train 2’ was named Slot of the Year 2021 at the inaugural CasinoBeats Game Developer Awards, asMalta’s igaming industry gathered to celebrate the innovation and creativity of the teams that have engineered and powered online casino’s best performing titles. Hosted by Trudy Kerr at the InterContinental Hotel in St Julian’s, Malta, the Game Developer Awards recognised the …
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The DCMS has launched a consultation on whether the government should implement a new retail sale mechanism for National Lottery products. The consultation has been launched in light of the government increasing the purchase age of National Lottery products from 16-to-18 – a change that was implemented by UK retailers last April, six months ahead of legislation coming into force …
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Spain’s Ministry of Consumer Affairs has published its draft framework of a ‘decree project’ aiming to establish ‘safer gaming environments’, and further consumer gambling safeguards as a federal mandate governing the gambling sector. The project’s foreword saw the Ministry and gambling regulator DGOJ outline comprehensive protective measures that are required to modernise Spain’s Gambling Law of 2011. According to the …
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