UK

Lib Dems appoint GAMSTOP director Mike Dixon as party CEO

The Liberal Democrats have confirmed the appointment of Mike Dixon as new Chief Executive of the party from 21 October. Dixon will take control of Lib Dem operations and strategic planning, having formerly served as Chief Executive of ‘Addaction’ – a UK-wide support network for people recovering for drug/alcohol addiction and mental health issues. Regarded as one of the UK …

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Rank pleased with Grosvenor progress as critical Stride integration begins

Rank Group Plc has detailed further progress for the firm’s transformation objectives and confidence in future prospects, as the London listed gambling group publishes its latest trading update for the quarter ending 30 September 2019. Rank records a 10% increase in group like-for-like net gaming revenues (NGR), detailing strong continued growth across its digital channel up 16% NGR. Maintaining its digital …

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UK granted ‘listed status’ to protect movement of horses

With only 16 days to go until the Brexit deadline, the UK has been granted ‘national listed status’ by the European Union, which will ensure that racehorses can move across the borders in the event of a no-deal Brexit.  While barriers to ‘seamless’ movement will still be in place, the third-country status is hoped to provide certainty for owners and …

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MustardBet shuts down business

Isle of Man licensed online bookmaker MustardBet has informed customers that it has ceased trading by issuing a notice of closure across its digital platforms. The bookmaker confirmed that it has begun returning balances back to customers, which it aims to fulfil within the next 72-hours. Closing its wagering markets, MustardBet has been praised for confirming that ‘all unsettled customer bets …

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David Clifton: Licensing Expert – Betfred penalty raises multi-market concerns

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 …

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City anticipates tough choices in Flutter’s pursuit of Stars

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 …

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HKJC prize bumps up Betting Shop Manager of the Year award

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 …

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Tennis alert drop off casts doubt on IRP data findings

IRP

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 …

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Betfred Gibraltar to pay £322,000 after UKGC AML investigation

OPTIMA

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 …

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Racing Post B2B appoints Alan Casey as Trading Partnerships lead

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 …

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