Ladbrokes PLC have confirmed that General Counsel and Company Secretary Jonathan Adelman has stepped down with immediate effect. Adelman first joined the bookmaker in August 2008 after a spell as vice-president and senior counsel of hotel and resorts chain Hilton. Adelman has operated a as key figure in the Ladbrokes organisation, helping the operator helping the operator in UK and …
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Asian facing football sponsorship deals by sports betting operators have come under threat from the UK Gambling Commission (UKGC), as it ruled that from August it would grant licences only to operators that are “a British facing business and either currently transact with British consumers or have a clear business plan for doing so” Barclays Premier League football clubs may …
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Today is the last chance to vote for the Betting on Football Awards, being held at the Octoberfest Pub in Fulham on Thursday evening. The title of Best Football Bookmaker is being duked out between Bet365, BetVictor, Paddy Power, Pinnacle Sports and SkyBet at the Betting on Football Awards on 8 May (click here to view finalists case studies). Voting …
Read More »UK hedge funds – Odey Asset Management, Bluecrest and Marshall Wace are reported to have taken substantial short positions against the future performance of UK licensed bookmakers. The hedge funds have taken the short positions as the UK government plans further regulation and legislation on betting operators online and offline operations. Short selling is a trading technique used by hedge …
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CashBet has officially launched its real-money online gambling platform in the United Kingdom following permissions granted by the Alderney Gambling Control Commission. The first game to go live on CashBet’s platform will be Casino Island Adventure from developer Gamzio, Inc. Additionally, CashBet is now eligible for a transactional waiver in the state of New Jersey and is actively seeking a …
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Gaming software developer GameAccount Network boosted net revenue by almost £7m last year, financial records detail. The company, listed on both the Irish and London Stock Exchanges, increased net returns to £12.3m by December 31st, a jump of 123% on 2012 figures. Profit before tax yielded £1.6m, versus a subsequent loss of £1m the year previous. Commenting on some of …
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Racing UK will televise America’s most prestigious race, the 2014 Kentucky Derby, in an exclusive programme aired on Saturday night. The Churchill Downs meeting will feature bookies’ favourite, California Chrome, and is due off at approximately 11.24pm. The specialist UK and Irish horseracing channel will incorporate the award-winning NBC coverage from the course, with Angus McNae and James Willoughby on-hand …
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Operators unsure of how the latest changes to point of consumption licensing and taxation regimes in the UK will affect their ability to advertise are advised to get down to Stamford Bridge on 8 May for the latest news. Yesterday the government added to the uncertainty over the issue by announcing it was re-examining the existing gambling advertising controls via …
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UK bookmakers have reacted to yesterday’s government announcement which let local authorities limit the number of betting shops on Britain’s high streets. Betting shops will now be treated differently to other UK retailers, as betting shop planning applications will be subject to far more scrutiny by local authorities. Industry reaction to the announcement has garnered a mixed response by UK …
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The Association of British Bookmakers (ABB) has warned that any changes to betting shop regulations to tackle problem gambling should be ‘based on facts, not scaremongering’. In response to the government’s new plans to impose greater restrictions on gaming machines, gambling advertising and LBO planning laws, the ABB has accused the government of failing to listen to the one million …
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