Featured News

News that the SBC Team choose to highlight

BHA seeks new CEO as Rust confirms 2020 leadership departure

The British Horseracing Authority (BHA) has begun its search for a new leader, after Nick Rust confirmed that he will end his Chief Executive tenure at the end of the year. A former Ladbrokes executive, Rust was appointed BHA CEO in November 2014, becoming British horseracing’s first leadership appointment from the betting sector. Upon taking charge of the BHA, Rust was …

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Spelinspektionen submits new proposals to tackle match fixing

The Swedish gambling authority Spelinspektionen has revealed a new draft regulation which could prohibit operators from offering certain markets on individual performance. The legislation is currently awaiting review, however it could mean that betting operators must not offer betting markets on ‘a rule violation or loss in parts.’ For example, it is not allowed to offer bets on whether a …

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Kindred warns of 2019 closing disruptions

Stockholm-listed Kindred Group Plc has revealed that its gross winning revenues for Q4 2019 have been hampered by both weak sports betting margins and the costs of its US expansion efforts. As confirmed in a pre-market update, Kindred explained that its expected revenues will be in the region of £235m for the final three months of 2019, marking a decrease …

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UKGC confirms credit card ban inbound for 14 April 2020

Neil McArthur

Issuing its first regulatory enforcement of 2020, the UK Gambling Commission (UKGC) has this morning confirmed that it has sanctioned its widely anticipated ban on credit card transactions carried across all UK gambling verticals. The Commission plans to implement its credit card ban from 14 April 2020, giving licensed incumbents three months to undertake all necessary adjustments. Citing that UK …

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Ukraine Rada begins ‘draft assessments’ but can it separate good from the bad and the ugly

Following the Christmas break, Ukraine MPs return to the Rada (parliament), in which the first readings of Ukraine’s newly planned gambling regulatory framework are scheduled to take place this week. The closing months of 2019 saw seven draft regulatory proposals put to the Rada, detailing little cross-party consensus on how Ukraine should end its 10-year gambling hiatus established under the …

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UKGC consultation recommends credit card ban

consultation

The Sunday Times and The Observer newspapers have this weekend reported that the UK Gambling Commission (UKGC) will recommend banning the use of credit cards across all online gambling verticals, publishing the findings of its regulatory consultation on credit wagering. Expected to be published this week, the UKGC will recommend to the government a ban on all credit card transactions, …

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GVC to hold vote on governance and tax residency

The governance of GVC Holdings has scheduled an ‘extraordinary general meeting’ on 6 February (9 am CET) to vote on relocating the firm’s management control and tax residence from the Isle of man to its UK headquarters. GVC Holdings was incorporated as an Isle of Man enterprise in 2010, where it maintained its management control to benefit from a more …

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SBC welcomes new recruits in readiness for record 2020

SBC new recruits 2020

Media and events organisation SBC (Sports Betting Community) is feeling the benefits of a recruitment drive with six employees starting new roles with the company at the start of the year. With an enhanced event calendar in 2020, SBC has invested strongly in its events team and created two new roles in order to deliver the high quality experience people …

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Sanchez catches a break as Spanish gambling awaits its final judgement

Spain has broken its 10-month political deadlock after acting Prime Minister Pedro Sanchez secured a narrow vote of confidence, allowing the embattled PSOE party to form a ‘socialist coalition’ with minority partner Podemos. Hosting Spain’s second parliamentary vote in four days, yesterday Sanchez squeaked the minimum 167 votes (165 against) needed to form a new government, as Basque MPs joined …

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FSB takes control of ‘in administration’ Black Type

Sports betting technology supplier FSB has issued a corporate statement on the website of white label sportsbook Black Type (BlackType.bet), confirming that the racing specialist bookmaker has entered administration and will ‘wind down all business affairs’. Black Type management’s decision has forced FSB to take control of the sportsbook to protect all customer funds and honour all open wagers. “We …

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