British horseracing stakeholders have had to urgently initiate a plan of action following the recent Horserace Betting Levy Board’s (HBLB) announcement that estimated Levy income for the year ended 31st March 2019 will be some £78m, a fall of £17m from last year. News of the fall in yield were presented to racing’s HBLB representatives, Andy Clifton from the Racecourse …
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‘Know your customer’ is a phrase that almost always applies in the betting space to the person at the sharp end of the betting equation, namely the punter placing the bet. But it has equal if not greater importance further up the supply chain, especially if you’re a bespoke software supplier to those wanting to establish or enhance their sports …
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The penalty charges handed down by the UK Gambling Commission (UKGC) this week “won’t be the last of this size” according to Rhys David, CEO of Credas, who said the fines serve as a “timely reminder” of the regulator’s stance towards substandard anti-money laundering (AML) safeguards. The reaction of Credas – a provider of identity verification technology – came in …
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Arena Racing Company (ARC) has purchased a 45 per cent stake in i-neda Limited which will see them become an equal shareholder in the business alongside Dermot Desmond. The purchase is set to complement ARC’s position in the British horse racing industry, with i-neda set to offer a wealth of experience in developing betting and wagering technology. Kevin Robertson, ARC …
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FTSE100 gambling group GVC Holdings Plc will today host its Capital Markets Day, with corporate leadership outlining the firm’s ‘foundations for long-term market outperformance’. Presenting the firm’s strategic objectives and future prospects, GVC governance details progress on the firm’s enlarged agenda, a year following its transformative acquisition of Ladbrokes Coral. Citing an ‘accelerated migration’ of Ladbrokes Coral online brands onto …
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FTSE100 betting group Paddy Power Betfair (PPB), has moved to strengthen its corporate governance advisory, confirming the appointment of Nancy Cruickshank as a non-executive director. The appointment is confirmed, following PPB’s annual general meeting (AGM), where the FTSE firm’s investors approved of PPB’s upcoming rebrand to ‘Flutter Entertainment Plc’. Nancy Cruickshank is the current Senior Vice President of Digital Transformation …
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FTSE250 gambling technology group Playtech Plc has reaffirmed its 2019 corporate earnings guidance ahead of its annual-general-meeting (AGM). Updating investors, Playtech governance maintains its position that ‘adjusted EBITDA’ for 2019 is expected to be in the €390- €415 million range. In its update, Playtech details that it has made significant progress on its growth strategy and strengthening its corporate governance …
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Campeón Gaming Partners has increased its appeal to global online gaming affiliates by expanding into a wider range of ‘geos’ and adding new payment methods pertinent to each of these new target markets, which includes Canada and Brazil. The igaming operator and affiliate network already includes European-focused sportsbook and online casino brands CampeonBet and EvoBet, along with SvenBet – a …
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The FA is investigating Everton defender Yerry Mina for taking part in a video in his home country of Colombia to promote Betjuego. As reported by Sky Sports, it appears that Mina – who joined Everton from Barcelona in the summer of 2018 – may have breached the FA’s rule E8(3). The rule states: “An individual Participant (player, coach, agent etc) …
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Industry charity GambleAware has confirmed that it will be fronting an additional £3.9m in funding towards the expansion of the National Gambling Treatment Service. The funding, which is set to continue for up to three years, will be provided to GamCare and its network of partners across Great Britain. £2.35m of the funding will be allocated to expanding the provision of face-to-face …
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