Retail

Vegas betting ring busted

Eight people have been arrested after the FBI and the Nevada Gaming Control Board foiled an illegal sports betting operation within a popular Las Vegas hotel. Investigators believe the men, all of Asian origin, took wagers on World Cup games, after staff installed electronic, computer equipment and DSL lines in Caesars Palace, a luxury strip establishment. One of the defendants …

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Sisal Group halts Italian IPO

Italian gambling and lottery operator, Sisal Group has pulled out of its planned initial public offering, citing adverse market conditions in Italy and abroad. Sisal senior management issued a statement late on Friday, stating that after careful monitoring of market conditions, it had been advised by IPO partners Deutsche Bank and UBS Ltd, to abandon its plans floating on the …

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GTECH preps $4 billion IGT takeover

Italian newspaper La Repubblica reported this weekend that Milan stock listed gambling/lottery technology and provisions supplier GTECH SpA were preparing a bold $ 4 billion (£2.33 billion) acquisition offer to purchase International Game Technology – IGT. The Italian news source confirmed that senior GTECH management, were currently studying the financing dynamics of the deal in order to purchase the New …

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NRL suspends five players over betting allegations

The NRL has suspended five players for betting on rugby league matches in which their clubs were involved.A media statement announced the following bans: David Williams (Manly Sea Eagles)- suspended for the rest of the 2014 season after placing multiple bets on games – including several in which he was involved. Ethan Lowe (North Queensland Cowboys) – suspended for two …

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Traders using inside information could breach Gambling Act

Bookmakers have been advised to tighten up their employment conditions in order to make sure that traders who spot an emerging coup on the books don’t look to profit themselves by placing bets with rival firms and also to protect themselves from such behaviour. The Gambling Commission has written to the Association of British Bookmakers (ABB) to highlight the potential …

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Malta asks for ECJ clarity on illegal betting definition

Malta’s Economic Secretary Jose Herrera has urged the European Court of Justice (ECJ), for further clarity over the European Unions definition of illegal betting. Herrera made the appeal in light of the publication of the European draft convention on sports competitions. The convention purpose is to prevent  and detect corruption and manipulation of professional sports within EU member states. Furthermore …

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Council of Europe adopts convention on match fixing

Ministers from around 50 countries are expected to sign a new convention at a conference in Switzerland in September where they will also discuss the risk of other forms of corruption in sport. In what’s being hailed as ‘a significant step in the fight against organised crime and unethical behaviour in sport’,  47 member states of the Council of Europe …

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Supabets extends its live betting capabilities

Supabets, a sports betting company servicing the African market, has expanded its in-play betting offer to 15,000 live matches per month thanks to the integration of Betradar’s Live Betting Solutions. The in-play portfolio offers a 24/7 coverage of 15,000+ live matches per month of 16 different sports with more than 100 betting markets. The expanded in-play betting offering is with …

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Paddy Power challenges Denver Broncos Wes Welker

  Paddy Power, part owners of race hores Slade Power and Sole Power, who are set to run in Saturday’s July Cup at Newmarket, have issued a twitter charity challenge to American Football star Wes Welker, who owns US raider Undrafted in the same Group 1 contest. Welker is a wide receiver and return specialist for the Denver Broncos of …

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BHA making plans for independence

Cheltenham offer

The British Horseracing Authority (BHA) has announced that it is making changes to its Board and its way of working. These changes are designed to fit with governance best practice and help the implementation of the current Strategy for Growth work. The BHA has started the process of finding a number of new Directors and has appointed specialist search firm …

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