The announcement by the UK Gambling Commission (UKGC) that Gibraltar-based Betfred.com is the most recent recipient of a hefty financial penalty for AML failings has served to raise once again the question why so many overseas-based remote operators have run into such problems with the UK regulator. In the Betfred case, it has not just been a case of concern …
Read More »
City analysts are pondering how Flutter Entertainment will sooth competition concerns across multiple markets, attached to its bold merger pursuit with digital rival The Stars Group Inc. Since the merger was propositioned on 2 October, Flutter CEO Peter Jackson and corporate governance have emphasised confidence in clearing all regulatory hurdles to deliver a £10 billion online gambling powerhouse. The stakes …
Read More »
The Hong Kong Jockey Club (HKJC) has added further prestige to this year’s ‘Racing Post/SIS Betting Shop Manager of the Year’ award, confirming that the winner will be further rewarded with a ‘once a lifetime trip’ to Hong Kong. Racing Post and SIS have whittled down a final field of 24 shop managers, competing for the award which will be …
Read More »
Sportradar has suggested that the Independent Review Panel (IRP) would have delivered a different set of conclusions about corruption in tennis had it been completed a year later. David Lampitt, MD of Sports Partnerships at Sportradar, pointed to the “dramatic drop off in the number of integrity alerts for tennis over the last 12 months” as evidence that the situation …
Read More »
Betfred’s Gibraltar trading subsidiary ‘Petfre’ has been forced to pay £322,000 as part of a ‘regulatory settlement’ having been found to have ‘shortcomings in the application of its AML controls and its policies and procedures.’ The Gibraltar unit is due to make the payment in lieu of a financial penalty following an investigation by the UK Gambling Commission (UKGC). The UKGC investigation …
Read More »
Racing Post B2B continues to revamp its senior management structures, confirming the appointment of Alan Casey to the position of Head of Trading Partnerships. Casey joins Racing Post B2B from online betting exchange BETDAQ (GVC Holdings), where he formerly served as Commercial Manager and API lead. Updating the market, Racing Post B2B details that Casey will be a key stakeholder …
Read More »
Stockholm-listed Gaming Innovation Group (GiG) has appointed HooYu, developer of digital identity verification systems to revamp its customer compliance and KYC frameworks, improving player experience and engagements. Focusing on smoothing customer onboarding disciplines, HooYu is tasked with enhancing GiG’s all-around KYC capacities and processes, at all points of a customer’s lifecycle. Updating stakeholders, Mark Weston, Head of Payments at GiG commented: …
Read More »
The Liberal Democrats have challenged the Senet Group’s ‘When The Fun Stops, Stop‘ campaign, calling for it to be scrapped in a bid to ‘overhaul’ the industry’s approach to responsible gambling. The centrist party claims that the Senet campaign could be ‘exacerbating the national gambling crisis’, and has called for further scrutiny into the methods used to combat the issue. …
Read More »
GambleAware has confirmed the appointment of former England goalkeeper David James as its new ‘Safer Gambling Ambassador’, who will support the UK charity’s ongoing ‘Bet Regret’ campaigns. David James’ appointment sees GambleAware strengthen its existing partnership with the Football Supporters’ Association (FSA), a body which campaigns on a range of issues for the interest of football fans across England and …
Read More »
FTSE gambling group GVC Holdings Plc has this morning upgraded its full-year EBITDA guidance to £670-680 million from its previous £650-670 million range. Updating the market, GVC governance points to continued online growth maintained during a ‘softer’ Q3 trading period’, in which GVC delivered a 12% increase in net gaming revenues (NGR) despite competing against World Cup Russia 2018 comparatives. …
Read More »
SBC News Voice of the Sports Betting Industry