The Racing Post has confirmed that it will resume its print format and nationwide distribution of its newspaper on 1 June, coinciding with the resumption of UK racing. Since 26 March, the Racing Post has frozen its printing operations, as the racing publishing group adjusted to global business disruptions caused by the COVID-19 pandemic. During ‘downtime’, Racing Post has published …
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Stanley Ho, the man credited with transforming Macau into the world’s gambling hub, has died at the age of 98. Known as the ‘king of gambling’, Ho became a prominent figure in the Macanese gambling market after winning a monopoly licence in 1961, establishing the foundations for his SJM Holdings casino empire. “My father passed away peacefully just now at …
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Esports wagering has been thrown centre-stage in recent months due to the global health pandemic shutting down the majority of live sports markets. However, for this growing industry to continue to develop and prosper after COVID-19, it is imperative that operators and providers collaborate to enhance its products. The ESI Digital Summit, created by Esports Insider, has dedicated a large …
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New research carried out by the University of Bergen has revealed a 62% increase in Norway’s problem gambling rate, bringing the effectiveness of the country’s monopoly into question. The research, commissioned by Norway’s Gaming and Foundation Authority, surveyed 9,000 citizens aged between 16-74 and found that 55,000 people are now affected by problem gambling, with a further 122,000 estimated to …
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Virtual sports and betting technologies provider Golden Race has signed a new partnership with Peru-based horse and greyhound racing operator Universal Soft. Thanks to this deal, Golden Race will have its all-in-one solution integrated with Universal Soft betting shops and online platforms. The Golden Race all-in-one solution, made available through a single API, combines the company’s virtual sports collection with …
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As football leagues around the world prepare to return behind closed doors, Betgenius’ Head of Trading Dmitri Agapov assesses what a lack of fans means for both pre-match and live pricing. In normal times, tonight’s match between Borussia Dortmund and Bayern Munich at Signal Iduna Park would have harvested one of the best atmospheres in European football. Watching this top …
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To the dismay of licensed incumbents, Italy’s parliament has approved the introduction of an emergency ‘turnover tax’ on betting and virtual sports wagers. The publishing of last week’s state gazette confirmed that MPs had backed amendments introducing a new ‘temporary’ 0.5% turnover tax across all betting-related verticals – online, retail and virtual sports content. The turnover tax is introduced as …
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Hosting the UK government’s COVID-19 update yesterday evening, PM Boris Johnson announced the government’s provisional plans to re-open all non-essential retail businesses on 15 June. PM Johnson laid out the UK government’s plans to reopen England’s highstreet stores, obeying strict social distancing orders and ensuring that businesses can maintain employee safety. The government will manage a ‘staged reopening’, allowing outdoor …
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New proposals submitted to the Swedish government have suggested that horseracing and sports betting could be excluded from the previously suggested deposit limit of 5000 SEK (€500) per week. Earlier this month, Minister of Health Ardalan Shekarabi submitted proposals for a weekly deposit limit as well as a €100 limit on welcome bonuses – a directive that has been widely …
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Codere SA is pursuing emergency financing options having failed to convince investors to back its business recovery plans, according to Spanish business news source La Razon. The embattled Bolsa Madrid gambling group has failed to secure a further €100m credit line to keep it’s Spanish and LaTam retail business units afloat during lockdown. On the edge of bankruptcy, Codere is …
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