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BetVictor hit with £2m UKGC fine for AML and responsibility flaws

SBC News BetVictor hit with £2m UKGC fine for AML and responsibility flaws

BV Gaming, which trades as BetVictor, has been handed a £2 million fine by the UK Gambling Commission (UKGC) for anti-money laundering, social responsibility and fairness failings.  A compliance assessment conducted in March 2020 uncovered failings in relation to licence conditions and code of practice, including a group AML risk assessment which did not meet the expected standard and which …

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Super Group to deliver $350m earnings ahead of debut NYSE calll

SBC News Super Group to deliver $350m earnings ahead of debut NYSE calll

Betway and Spin parent company Super Group has predicted a strong financial performance in its debut trading results as a New York Stock Exchange (NYSE) listed company. Releasing a preliminary trading report for the full year 2021 – the actual report is expected in the first half of April – Super Group anticipates net gaming revenue of $1,520 million, a …

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Sportsbet.io and Southampton FC introduce first Bitcoin competition

SBC News Sportsbet.io and Southampton FC introduce first Bitcoin competition

Sportsbet.io has revealed a first time Bitcoin Hunt competition for Southampton FC fans as it continues as the club’s main partner. The online sportsbook and casino stated that it is aiming for followers of the Premier League side and the community to participate in the ‘Bitcoin Hunt-style’ competition moving forward its ongoing partnership. Joe McCallum, Director of Sportsbook at Sportsbet.io, …

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Flutter confirms NED departures of Cawley and Byng-Thorne

flutter

The board of Flutter Entertainment Plc has confirmed that Michael Cawley has decided to end his nine-year tenure as a non-executive director of the FTSE100 gambling group.  Having previously served as the Chief Executive of Ryanair, Cawley has been a corporate advisor of Flutter since 2013, providing  guidance on the business’ transformative mergers with Paddy Power in 2018/2019 and The …

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UKGC suggests increased positive attitude towards gambling among British public

uk gambling commission (UKGC)

The British public’s attitude towards the betting and gaming industry are beginning to soften, according to data from the UK Gambling Commission (UKGC).  Conducting its quarterly telephone survey, the Commission spoke to a ‘representative sample’ of 4,021 adults aged 16 and over in March, June, September and December 2021, discussing gambling behaviour and perception of the sector.  Overall, the regulator …

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EFL gains greater FTA exposure via ITV highlights deal

SBC News EFL gains greater FTA exposure via ITV highlights deal

The English Football League (EFL) has entered into an agreement with ITV, granting the free-to-air (FTA) network the broadcasting rights to its highlights clips.  Under the terms of the two-season partnership, ITV will show highlights from the Sky Bet Championship, Sky Bet League One, Sky Bet League Two, League Cup and EFL Trophy. A round-up of daily EFL highlights will …

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Low6 pushes for positive mental health with Sporting Minds UK

SBC News Low6 pushes for positive mental health with Sporting Minds UK

Low6, a sports gamification technology company, has formed its first charity partnership with UK-based charity, Sporting Minds UK.  The collaboration looks to raise awareness of organisations which are creating ‘positive change in sports’, whilst also providing to young people in an attempt for more positive mental health throughout sport. “We are delighted to be working with Callum Lea and the …

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Jack Ritchie inquiry to highlight UK Gambling’s system failures 

SBC News Jack Ritchie inquiry to highlight UK Gambling’s system failures 

The Sheffield Coroner’s Court has begun its inquest into the death of Jack Ritchie (24), a ‘chronic gambling addict’ who in November 2017 took his own life.  The scheduled two-week hearing will examine the role of UK gambling in his death, with regards to industry regulation and the support structures available to those suffering from gambling addiction and mental health …

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Councillors and Commissioners call for greater local gambling powers

SBC News Councillors and Commissioners call for greater local gambling powers

Local councillors and Police and Crime Commissioners (PCCs) have joined calls for stricter regulatory oversight of the betting and gaming industry, ahead of the 2005 Gambling Act review White Paper. Releasing a joint statement, the Local Government Association (LGA) and Association of Police and Crime Commissioners (APCC), cited research that 21% of gambling premises were based within the most deprived …

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Novibet exits UK marketplace surrendering UKGC licence

SBC News Novibet exits UK marketplace surrendering UKGC licence

Novibet has surrendered its UK licence with immediate effect, after the betting and gaming firm officially informed customers that it would no longer be operational within the region. The Greek betting group entered the jurisdiction with licenses for real event betting and igaming, which includes poker, roulette, blackjack and other casino games, on November 1, 2014. Subsequently, a remote gambling software …

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