Retail

Sportech wins £97 million ‘Spot the Ball’ VAT appeal

SBC News Sportech wins £97 million 'Spot the Ball' VAT appeal

Betting technology provider Sportech has been cleared of its long running ‘Spot the Ball’ £97 million VAT repayment dispute with Her Majesty’s Revenues & Customs (HMRC). Today the UK Court of Appeal ruled unanimously in favour of Sportech’s case against HMRC which argues that the company was owed £40 million in VAT, plus added interest, on ‘Sport the Ball’ competition …

Read More »

Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016

SBC News Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016

Updating the market, FTSE-listed gambling operator Paddy Power Betfair (PPB) presented its proforma basis results (merged results) for Q1 2016 (period ending March 31). The newly merged FTSE-100 enterprise (merger officially completed 2 February) reported group revenues up 16% to £339 million for its opening quarter performance. PPB governance was pleased to report Q1 2016 metric growth, despite being impacted …

Read More »

SIS & Genius Sports form Spanish football data partnership

SBC News SIS & Genius Sports form Spanish football data partnership

Betting solutions supplier SIS has confirmed that it has entered a partnership with betting insights and intelligence provider Genius Sports for the distribution of in-play data for Spanish football. Through its new partnership with SIS, Genius Sports will be allowed to capture betting data on Spanish football matches including La Liga and further matches sanctioned by the Liga de Futbol …

Read More »

Raiders to Sin City… Will Las Vegas gain an NFL franchise?

SBC News Raiders to Sin City… Will Las Vegas gain an NFL franchise?

NFL senior officials are set to review a new franchise proposition for the city of Las Vegas, which aims to migrate the Oakland Raiders to ‘Sin City’. Pitching the proposition’s serious intent, Las Vegas Sands billionaire Sheldon Adelson hosted a media day last Thursday with former England Football captain David Beckham in attendance. Adelson, the fifteenth richest man in US (Forbes …

Read More »

Unfavourable sporting results impact Tabcorp 2016 performance

SBC News Unfavourable sporting results impact Tabcorp 2016 performance

Unfavourable sporting results have impacted Australian gambling operator Tabcorp’s nine-month corporate update (period ending 31 March). Issuing a market release, Tabcorp governance detailed that the company had seen revenue growth in all its core divisions; ‘Wagering & Media’ ‘Gaming Services’ and ‘Keno’, with the operator posting a 1% increase in revenues to AUS $1.4 billion. Higher customer engagement had seen Tabcorp …

Read More »

UKGC aims to implement new consumer focused business plan

SBC News UKGC aims to implement new consumer focused business plan

Updating the industry, the UK Gambling Commission (UKGC) has set out a new consumer focused business plan which it will aim to integrate over the coming year. UKGC management detailed that the plan would cover three direct themes Building on vital work to protect the most vulnerable, and set standards for responsible and safe gambling Ensuring markets are fair and …

Read More »

Serbian Basketball League signs Sportradar integrity deal

SBC News Serbian Basketball League signs Sportradar integrity deal

Sportradar has signed a deal with the Serbian Basketball League (KLS) which will see the Serbian Superlige monitored by Sportradar’s integrity services. The company’s Fraud Detection System will monitor betting across over 450 betting operators, looking over the remaining matches in the current season from today onwards, as well as the upcoming season’s games. KLS Director Leon Deleon explained the …

Read More »

Racecourse Media Group pays out £80 million in 2015 broadcast fees

SBC News Racecourse Media Group pays out £80 million in 2015 broadcast fees

Racecourse Media Group (RMG) has detailed that it has paid its 34 syndicated UK racetracks £80 million in media rights for 2015. The figure represents an 8% increase on 2014 media pay-outs generated from licence fees of racing broadcast owners; Turf TV – betting shop service provider to Licensed Betting Offices (LBOs) Racing UK (multi-platform subscription channel) Digital (Bet2View streams) …

Read More »

Sporting Index bolsters ESSA membership numbers

SBC News Sporting Index bolsters ESSA membership numbers

Sporting Index has joined ESSA, the regulated betting industry’s integrity body. By joining with Sporting Index, ESSA has added sports spread betting to its existing coverage of traditional fixed odds and pool betting markets. ESSA now has 19 members, and represents many of the major regulated international sports betting operators: the ABB, Betclic, Bet-at-Home, Betsson, Bet365, BetVictor, Betway, bwinparty, Digibet, …

Read More »