Updating the market and media, the UK government has confirmed that 2017’s ‘Horserace Betting Levy Regulations’ has come into law as of the 25 April. The reformed levy marks a new era for the sports’ funding which will see all operators pay a 10% tax on profits generated from customers on UK racing bets regardless of wager vertical (online or …
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Professor Alessandro del Ninno, an advocate at Italian law firm Tonucci & Partners, will be presenting an update on the incoming rules over data protection that operators have to be mindful of at next week’s Betting on Football Conference. SBC caught up with him ahead of the show to discuss why it is so important. SBC: The EU General Data …
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In a bid to outmanoeuvre Tabcorp Holdings and derail the firm’s planned AUS $11 billion merger with Tatts Group, the Pacific Consortium has offered Tatts investors a ‘deal sweetener’ should they favour their AUS $7.3 billion all-cash for Tatts assets. The joint-venture investment vehicle headed up London private equity firm Macquarie Group and New York hedge fund Kohlberg Kravis Roberts (KKR) will …
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Industry innovation specialist GamCrowd has announced a new strategic partnership with Clarion Gaming, which will see the unveiling of GamCrowd Tech Week, building on the success of the inaugural conference in 2016. GamCrowd Tech Week, will be held during London Tech Week on the 12th-16th June at the Hippodrome Casino, Leicester Square, The aim of the week is to build …
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Graham Sharpe, William Hill’s Media Relations Director has confirmed to the Racing Post that he is leaving the bookmaker following 45 years of service. Sharpe who joined the bookmaker in 1972, has served as William Hill political betting lead and is the co-founder of the prestigious ‘William Hill Sportsbook of the Year’ prize, the firm’s longest serving sponsorship initiative. A …
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The governance of Betsson AB has confirmed the appointment of Kaaren Hilsen as new Group Chief Financial Officer (CFO) replacing long-term incumbent Fredrik Rüdén who will depart the operator this coming August. Issuing a corporate communication, Betsson informs that Hilsen will join the firm’s executive team ‘no later than 1 November’. Hilsen joins the Stockholm-listed online gambling operator from Telenor …
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Updating the market this morning, London-listed racing technology and systems provider Sportech plc has confirmed that Roger Withers is set to retire as Chairman of the company and board on 24 May. A leisure and gambling expert who has held directorship positions at Playtech Plc and Arena Racing, Withers has led Sportech governance since 2011. Withers commented on his departure …
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Betfair Politics reports that against all expectations (even perhaps his own), scandal hit Francois Fillon is back in the race for France 2017, as its political betting market hits £11.5 million in matched wagers. Updating its French 2017 General Election market, Betfair reports that Fillon is trading as second favourite currently priced 5.2, just ahead of Front National’s Marie Le …
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The UK Department for Culture Media & Sports (DCMS) has chosen to delay the publication of its industry review of FOBTs practices and advertising standards following this week’s Snap General Election call by PM Theresa May. The report which is eagerly awaited by industry stakeholders was due to be published this April. However, in light of the General Election call …
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Updating the market, FTSE-listed Playtech Plc has informed that it has secured a ‘significant extension’ of its Rank Group contract for system provisions of UK Grosvenor casino estates. The agreement will now see Playtech further integrate table and slots management system across Grosvenor’s network of 54 UK casino estates, boosting Rank Group games management provisions. Moving forward all Grosvenor casino …
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