Retail

Adam Lewis sports law QC has stated that tennis needs to readdress its relationship with betting if the sport is to diminish corruption and match-fixing. Yesterday, Lewis who has led tennis’ independent Integrity Review Panel (IRP), revealed the findings of a two-year study researching the sport’s match-fixing, corruption and betting-related issues. At a press conference in London, Lewis outlined that …

InBet Games has hailed the “realistic yet attractive mathematical models” on Velodrome Race, a new virtual product available in retail shops and through an API on its online casino platform. The omni-channel gaming software provider has switched its existing 3D racing focus from horses and the dogs, to racing played out on a different kind of high-speed track. Cycling has …

BETDAQ has agreed a one-year extension to its sponsorship at Punchestown Festival, Ireland’s major international horse racing event. As one of the main sponsors of the 2018 event, which began yesterday, BETDAQ will raise money for Irish Injured jockeys at the County Kildare course this week as it stages the next stage of its #ChangingForTheBettor campaign. Racegoers can visit the …

Industry virtual sports content supplier Inspired Entertainment has moved to expand its existing relationship with leading Italian bookmaker SNAITECH. Updating the market, Inspired details that it has upgraded the retail and digital virtual sports content of SNAITECH properties. The upgrade sees Inspired’s popular ‘Mike Tyson Boxing’ title released across SNAITECH’s Italian retail estate, in addition to the release of bespoke …

Coral’s sponsorship of the Sandown Park Group 1 contest known as the clash of the generations, has been extended for a further five years. The Coral-Eclipse is also to be run for a record £750,000 in 2018, with the £250,000 increase on 2017’s figure a direct result of investment by the bookmaker and and The Jockey Club. Seeking to preserve …

The UK betting industry has been impacted by fresh speculation that the government will move to implement a £2 bet limit on FOBTs machine wagering. This morning, UK news sources reported that Chancellor Phillip Hammond had accepted the parliamentary recommendations put forward by the UK Gambling Commission (UKGC), moving to lower FOBTs wagering levels below £10s. On Monday, The Times …

London-listed betting and racing systems provider Sportech Plc has detailed its corporate recovery plan, following a tough 2017 in which the company restructured its operations having undertaken strategic review and cost reduction programme.   Publishing its full-year 2017 results, Sportech governance declares corporate losses of £23 million, as company trading was impacted by a number of high-cost write-downs. In its …

The governance of London listed betting and racing systems provider Sportech Plc has confirmed that it has agreed on terms to sell its Netherlands subsidiary Sportech Racing BV to private investor RBP Luxembourg (‘RBP’). Sportech will carry-out the sale of Racing BV for a total cash consideration of €3.25 million on a ‘debt-free basis’. Last June 2017, Racing BV obtained a …

The British Horseracing Authority has chosen Brant Dunshea to succeed Jamie Stier as its new Chief Regulatory Officer, after Stier opted to return to Australia to take up a post with Racing Victoria. Dunshea has been with the BHA since March 2015 and is currently the Director of Integrity and Regulatory Operations, he will take up his duties immediately. The BHA worked with recruitment …

UK news sources have this morning, reported that the government will delay once more it’s pending triennial review judgement on industry FOBTs wagering and advertising standards. Parliament insiders have detailed that UK Chancellor Phillip Hammond, has put the government’s decision ‘on hold’, with the judgement to be made following the conclusion of England’s local council elections on 3 May. According …