London-listed racing and wagering systems provider Sportech Plc has moved to restructure its executive leadership team, seeking to enhance its B2B structure and capacity. Absorbing the management of recently acquired LOT.TO, Sportech welcomes three new executives to its leadership team. Former LOT.TO CEO and Co-founder Andrew Lindley will take charge of Sportech operations as new Group COO. Lindley has prior …
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The UK Gambling Commission (UKGC) has published its second annual ‘Enforcement Report’, providing a detailed overview of the work and progress the Commission has made on its regulatory agenda and industry directives. The report updates industry stakeholders on the seven key disciplines central to UK gambling policy and standards – safer gambling, AML, marketing/advertising, illegal activities, affordability, consumer protection and compliance. …
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London-listed racing and wagering systems supplier Sportech Plc has announced that it successfully delivered the new “Ascot World Pool’, completing a ‘commingling project’ undertaken for major racing stakeholders Betfred Totepool, Ascot Racecourse, and Hong Kong Jockey Club. Launched at Royal Ascot 2019, the World Pool is a pari-mutuel betting pool designed to maximize liquidity by combining wagers from global Ascot …
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The executive committee of France Galop, the governing body of French horseracing, has reported group-wide losses of €21 million as part of its 2018 accounts. France Galop, who shares ownership of French racing operator PMU alongside counterpart Le Trot Francais, details that 2018 horseracing revenues were significantly down on forecasted targets. “The net result of the PMU for 2018 is set …
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Award winning betting technology supplier OPTIMA is ready to service the regulated gambling market of South Africa after obtaining the necessary Gaming Labs International (GLI) certification to deliver its OPTIMAMGS™ platform to operators in the rainbow nation. The sports betting and gaming solutions provider is now certified according to the regulations for online operations as well as for retail in Cape …
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A new report published by the British Horseracing Authority (BHA) has been released, which has revealed a rapidly growing interest in UK horse racing across China, which may offer a huge trading and influencing opportunity for the UK. The report, entitled British Horseracing’s International Influence, sets out to examine the ways in which British racing can both influence and support …
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The boardroom dispute impacting the future of Bolsa Madrid gambling group Codere SA has intensified as the enterprise founding Martinez Sampedro family places a Spanish Capital Markets Commission (CNMV) claim against US investor Silver Point Capital. The two-year dispute takes a further turn, on a matter which an embattled Codere governance outlined would be resolved at the firm’s ‘critical AGM’ scheduled …
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FTSE100 gambling group GVC Holdings has this morning published its 2019 ‘Fair Play – Corporate Social Responsibility Report’ outlining the multiple changes governing the company’s long-term corporate sustainability objectives. In the report’s forward statement, GVC Independent Non-Executive Director Virginia McDowell acknowledges the new responsibilities demands placed on the company which now operates global gaming’s largest online gambling portfolio, employing 25,000 …
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NHS England Chief Executive Simon Stevens has stated that UK licensed betting operators should compulsory fund the treatment of problem gambling networks across the UK. Stevens is the latest UK public health figurehead to call for the government to implement a ‘mandatory levy’ on UK betting incumbents, stating that it would be unfair for taxpayers to ‘pick-up the huge tab for …
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Hosting a press conference in Bratislava, Richard Lintner, Director General of Hockey Slovakia, has personally thanked bookmaker Tipsport for its support of the ‘pro-league’ during a crucial transitional period for the sport in Slovakia. Leading Slovak pro-hockey, Lintner announced that Hockey Slovakia had secured its most important commercial partnerships to date. Tipsport would remain as title sponsor of its ‘Slovenská …
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