UK

Daub Alderney an online gambling subsidiary of London AIM-listed Stride Gaming Plc, has been fined £7.1 million for failing to meet UK Gambling Commission (UKGC) rules and standards on money laundering and protection of vulnerable customers. Concluding an investigation under the mandate of the ‘2015 Gambling Act’, a UKGC review panel found that Daub had consistently failed to: Conduct appropriate monitoring …

The Treasury’s decision to delay the implementation of a £2 maximum stake on fixed-odds-betting-terminals (FOBTs) until October has led to a revolt amongst Tory MPs. Defiance over the delay has mounted since Tracey Crouch resigned from the Department for Digital, Culture, Media & Sports (DCMS) in the immediate aftermath of Chancellor Philip Hammond’s controversial budget announcement. Whilst Theresa May places her …

Online betting exchange Smarkets has confirmed the introduction of a new ‘1% pro-tier’ commission operating across its platform, supporting ‘market-maker’ traders. Yesterday, Smarkets Chief Executive Jason Trost announced the betting exchange’s new commission structure on the firm’s corporate blog – stating that it would support ‘fairness and transparency’ for players across its platform. The commission restructure sees Smarkets realign its …

Playtech’s sports betting technology subsidiary Playtech BGT Sports has enhanced its in-store player engagement capacities by launching a new Build-A-Bet component within its BetTracker app. Launched in 2017, the BetTracker app allows client retail customers to place bets on SSBTs, whilst tracking their progress on mobile devices away from the shop. An industry first, the BetTracker app would bring new cash-out betting …

London listed wagering and racing systems supplier Sportech Plc has this morning disclosed that Group Chief Executive Andrew Gaughan has informed governance of his intention to depart the company. Updating the market, Sportech confirms that Gaughan will officially leave the company on 28 February 2019. Gaughan the former Managing Director of Sportech US racing operations, was appointed Group CEO on …

International sports marketing agency, publisher and media/data distributor IMG have announced the launch of its betting industry focused ‘IMG Arena’ division. Part of its global media enterprise, IMG Arena is headquartered in London and will be tasked with developing new innovations and audience enhancements for the group’s +250 sportsbook clients. The new division is led by Freddie Longe as IMG …

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. US: Florida greyhounds – dog days are over Florida, home to the oldest continually operated dog track in the world (and one of the largest) has banned wagering on greyhound races in …

Chase Carey, President & Executive Chairman of Formula 1, has personally backed the sport’s decision to align itself with sports betting. Updating stakeholders, Carey insists that F1 governance will monitor wagering activities and sanctioned bookmaker marketing, stating that betting on F1 will be undertaken in a ‘responsible manner’. “With betting obviously we have responsibilities that go with it,” Carey detailed to …

Celebrating its 25th anniversary in 2019, the UK National Lottery plans to launch a nation-wide campaign highlighting the funds it has raised for vital community initiatives and good causes at a ‘local level’. Camelot, operator of the National Lottery has tasked its new creative marketing agency Adam&Eve London with delivering the campaign’s leading message and concept, which will showcase the …