A director of troubled online betting brand 666bet was reportedly arrested last week by HM Revenue & Customs (HMRC) and the National Crime Agency in connection with their joint investigation ‘Operation Bannock’ into money laundering and fraud. This weekend The Independent newspaper revealed that a further six people and had been arrested, as 13 properties in Chester, London, Guernsey and …
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The New York Business Journal reports that US daily fantasy sports operator DraftKings has opened discussions with Walt Disney Co, with regards to a potential venture investment that could see the Seattle based start-up valued at $1 billion. At present the US sports market is seeing a tug of war being fought between heavily backed fantasy sports operators DraftKings and …
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Betfair has announced the launch its special Betfair Predicts app, which will aim to show how the Betfair Exchange is monitoring the UK 2015 General Election. The app has been developed and designed by Betfair partner technology development firm Grand Parade. Betfair’s Exchange has a track record of calling political outcomes correctly; most recently calling a “No” vote at the …
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Speaking to the Daily Telegraph 888 CEO Brian Mattingley has stated that company governance is on the lookout for potential acquisitions to boost its sports betting division and to replace lost earnings caused by Point of Consumption (POC) duty impacts. Mattingley who had turned down an acquisition offer from William Hill at the start of 2015, had on Tuesday announced …
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Malta based mobile focused igaming operator Leo Vegas has agreed content terms with Odobo, to supply an additional 50 HTML5 games via through the Odobo Marketplace platform. The announcement of the Leo Vegas partnership sees Ododbo extend its mobile gaming content coverage having announced deals with bet365, Coral and Unibet. Leo Vegas will use the Odobo content to increase its …
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Paddy Power has placed Former US Secretary of State Hilary Clinton as firm favourite to win the 2016 US General Election. The bookmaker has opened its market for US 2016, as the first major candidates announced their intentions to run for presidency. Presenting the market to Business Insider, Paddy Power stated that it had taken on over 5000 bets since …
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888 Holdings has announced ‘another record-breaking year’, as the operator posted its 2014 full year performance, with reported growth on all top line metrics. The igaming operator was able to record revenue increases in both of its key product divisions, as B2C saw a 11% jump to $391 million (FY 2013: $352 million) and B2B increased 32% to $64 million …
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The controversial introduction of the Betting Right which aims to replace the UK’s 53 year old levy system to fund the horse racing industry may be contested in the European Parliament. Betting Right detractors may protest that the UK government and British Horse Racing Authority (BHA) may be in breach of interstate funding rules and policy. The Betting Right has …
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Private Equity firm HgCapital the owners of sports spread betting company Sporting Index Group, have reached an agreement for the sale of the business to an undisclosed private strategic investor. The acquisition of Sporting Index is required to pass regulatory approval before being finalised, as yet the terms of the acquisition have not been disclosed by the participating parties. The …
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GVC Holdings operating firm of Sportingbet, Casino Club and Betboo brands, reported its preliminary results for 2014, recording key growth in all top line performance metrics. In 2014 the operator had recorded increased player wagering which brought gross revenues up to €1.47 billion (FY 2013: €1.1 billion). The improved player wagering transferred to a 32% increase in net gaming revenues …
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