LIV Golf has partnered with U.S Integrity in a fight against illegal betting activity on the sport. The global golf tournament will now access the sports gambling monitoring company’s ProhiBet service to detect any prohibited gambling behaviour and activity. LIV Golf Chief Operating Officer, Lawrence Burian, commented: “This partnership with U.S Integrity is critical as we enhance our presence in …
Read More »
The government of Malta has detailed that it has strengthened policy and compliance in the gambling sector to minimize exposure to threats and vulnerabilities stemming from money laundering (ML) and terrorist financing (TF). Measures were outlined by the ‘National Risk Assessment (NRA) on Money Laundering (ML) and Funding for Terrorism (TF)‘, a review of financial risks across Malta’s business sectors. …
Read More »
Sportsbook technology supplier Betby has outlined its ambitions for growth in 2024, building on what it described as a “successful 2023” with plans to maintain upward momentum throughout the year in terms of revenue, GGR and new market entries. In 2023 Betby registered an increase of 270% in terms of revenue and an increase of almost 250% in Gross Gaming …
Read More »
The European Lotteries (EL) has revealed that just over €22bn was contributed to society by all its members in 2022. A year-on-year growth of a little over 11%, the figure has been described as the most important outcome of EL’s 17th consecutive report on the lottery sector in Europe, which compiles data gathered from the 68 EL members in 2022. …
Read More »
More than half of compliance professionals from the international betting and gaming industry believe the implementation of financial risk checks in the UK will have a negative impact, the SBC Media Challenges in Compliance Survey, commissioned by IDnow, has found. The study surveyed 100 senior compliance representatives from operators in Europe, North America and Latin America about existing issues and …
Read More »
The United Nations Office on Drugs and Crime (UNODC) has highlighted that casinos in East and Southeast Asia have become the main vessels of local underground banking and money laundering syndicates to facilitate their illicit activities. In the report “Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden, Accelerating Threat”, the UNODC noted …
Read More »
Australian online bookmaker SportChamps has been fined AU$17,500 (£9,000) by the government of New South Wales for breaching the state’s gambling advertising rules. According to Liquor & Gaming NSW, the sportsbook pleaded guilty in court over two instances of gambling promotion, one on its website and one in a Facebook post, inviting people to “Punt for free. Learn the game!” …
Read More »
Kindred Group faces a high-profile legal challenge in Sweden as Stockholm’s District Court begins the hearing of a lawsuit brought by Per Holknekt. The fashion designer and founder of Odd Molly has accused Kindred Group and its subsidiary Spooniker Ltd of “feeding his gambling addiction, which spiralled out of control”. Prior to the lawsuit, Holknekt admitted to Swedish media that …
Read More »
Football is ingrained in Brazil’s history, heritage and culture. Ricardo Pisani, Business Development Manager at Genius Sports, states that engaging Brazil’s football audiences will be a challenge for bookmakers like no other… No other country on earth has won more World Cups than Brazil. Brazilians have a saying that while basketball and volleyball are the country’s top sports, football …
Read More »
Irish bookmaker BoyleSports has renewed its deal with HRI Racecourses for the sponsorship rights of the Irish Grand National. The partnership will run until 2027, taking the length of the collaboration between the two entities to a total of 13 years. Thanks to the new arrangements, the Irish Grand National will accumulate a total prize fund of €500,000, which makes …
Read More »
SBC News Voice of the Sports Betting Industry