The UK Gambling Commission (UKGC) has announced action against BGO Entertainment, GAN Plc and NetBet Enterprises Ltd after reviewing their licences following a number of failures which included not doing enough to keep consumers safe and failing to prevent money laundering and criminal spend. As a result of those reviews, two of the businesses, BGO and Gan PLC, have had …
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Genius Sports has confirmed it intends to pursue a New York Stock Exchange listing with special purpose acquisition company (SPAC) dMY Technology. It follows breaking news by US business news sources that dMY had secured a guaranteed +$300 million of financing to lead Genius’ US-focused IPO. This morning, Genius affirmed that it had entered a ‘definitive business combination agreement’ with …
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Sports betting returns to Wall Street’s grapevine as Bloomberg and The Wall Street Journal report that Genius Sports is the target of a future IPO by a special purpose acquisition company’ (SPAC). The US news sources cite that tech executives Harry You, a former VP of EMC Corp (now Dell EMC), and Niccolo De Masi, former Chief Executive of San …
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The English Football League (EFL) has backed its approach to betting advertising and its relationship with the UK gambling sector amid heightened political scrutiny. Publishing a statement on Sunday following a Sunday Times report suggesting that gambling sponsorship is going to be banned, the EFL underlined its duties in maintaining that betting advertising and sponsorships across its leagues and competitions …
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The Committee of Advertising Practice (CAP) the body that governs UK Advertising Codes has launched a consultation aimed at strengthening its rules and guidance to better protect children (under-18s) and vulnerable audiences from gambling harms. Outlined as its key objective, CAP will update its codes to restrict the potential for gambling and lottery adverts to engage and adversely impact with …
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Betsson AB has significantly reduced its UK market presence after announcing that all active brands and licences will be transferred to its Rizk (Rizk.com) domain, effective immediately. The decision shows Betsson AB following through with its group-wide transformation directives. The operator has continued to reduce its UK exposure since 2018 – terminating the NetPlay TV subsidiary and closing down its …
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William Hill has stated that it is tracking ‘solid progress across all divisions’, as the FTSE betting group returns all operating units to robust trading during a transformative Q3 period. Publishing its Q3 trading update for the 13 week period to 29 September 2020, William Hill noted an ‘encouraging’ performance across all verticals, particularly highlighting growth across its ‘online international’ …
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Tabcorp Holdings Group CEO David Attenborough and Executive Chair Paula Dwyer have issued their final joint statements as the corporate leaders of the Australia ASX gambling and lotteries firm. As previously communicated to markets, Attenborough and Dwyer will formally depart from all Tabcorp leadership and governance duties prior to the firm’s 2021 AGM. The leadership duo, who have led the …
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Kicking off Issue 11 of SBC Magazine, we have an exclusive interview with former William Hill CEO Ralph Topping, who reflected on his journey from a part-time cashier in one of Glasgow’s independent betting shops to the boardroom of William Hill. He looked back on the ways that UK betting shops have evolved in recent years and how bookmakers have …
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Betfred has entered a UK High Court dispute over refusing a £1.7 million jackpot pay-out to a customer on the grounds that its casino game had suffered a ‘software malfunction’. The lawsuit was filed by Andy Green from Lincolnshire who hit the jackpot in 2018, wagering on the Playtech-licensed ‘Frankie Dettori Magic Seven Blackjack’ game. Betfred is reported to have …
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