Sportsbook

The latest sportsbook news for the gambling industry, sponsored by Metric Gaming

bettingexpert and bet365 go live with in-play tipping app

bettingexpert.com, the world’s biggest social network for sports betting, has partnered with bet365 to launch bettingexpert LIVE, the first ever in-play tipping app.  Punters will be able to discover the best in-play tips using the new app, before easily placing bets through an innovative integration with leading bookmaker bet365. The app draws on the vast range of bet365’s in-play markets and events …

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bet365 to open technology hub in Manchester

Independent bookmaker bet365 is set to open its first satellite technology office in Manchester’s Spring Gardens. Looking to bolster its technology development arm, bet365 is reported to be seeking 50-70 new employees who will support its Stoke-based HQ. bet365 governance will aim to open its Manchester hub office by early May. Speaking to the Manchester Evening News, bet365’s Head of …

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Isle of Man GSC investigates TGP Holdings Cheltenham 2016 payment disputes

Responding to numerous customer complaints filed against TGP Holdings’ betting brands 138.com, 12Bet, Fun88 and TLC Bet, relating to closed Cheltenham 2016 winning player accounts. The Isle of Man’s Gambling Supervision Commission (GSC) has announced that it will investigate the matter and TGP operations’ which saw its subsidiary brands close multiple accounts on suspicion of ‘bonus abuse and fraudulent activity’. …

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Sky Betting & Gaming commits further £1 million to developing graduate opportunities

Continuing its commitment to Yorkshire technology and social enterprise, Sky Betting & Gaming (SB&G) has announced that it will invest a further £1 million on its ‘Commercial Academy’ programme. Geared towards graduate recruitment, SB&G’s Commercial Academy will offer a range of opportunities across the company’s HR, finance, marketing and commercial divisions. SB&G detailed that positions offered by its Commercial Academy …

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Ladbrokes fear Many Clouds Grand National win

Britain’s bookmakers are hoping for a successful Grand National on Saturday, following the hammering they took at the Cheltenham Festival just three weeks ago. It is estimated that the industry lost around £60 million, as a string of heavily-backed favourites led by horses owned by former Barclays banker Rich Ricci, romped to victory at Cheltenham. The nightmare started with a …

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Matt Davey – NYX Gaming – Maintaining independence will be key to Openbet’s long term success

Matt Davey Chief Executive of Toronto-listed igaming supplier NYX Gaming (NYX), has declared that ‘maintaining independence’ will be the key to acquired asset Openbet’s long term success. Reaching a binding agreement for its £270 million acquisition of Openbet from long-term private equity owners Vitruvian Partners, NYX’s deal will be part funded by William Hill (contributing £80 million) and Sky Betting and Gaming …

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NYX Gaming confirms ‘binding agreement’ for £270 million Openbet acquisition

Toronto TSX-listed NYX Gaming Group has updated the market, announcing that it has entered a ‘binding share agreement’ to purchase 100% of Openbet from private equity firm Vitruvian Partners LLP. NYX Gaming governance disclosed that it has placed a total consideration of £270 million for Openbet assets, which will include the repayment of the firm’s existing £95 million debt. The …

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Punters furious at TGP Holdings Cheltenham 2016 non payout

Isle of Man based sports betting operator TGP Holdings Limited (TGP), has denied multiple accusations from its customers that it has unjustly closed winning accounts relating to this year’s Cheltenham Festival. This weekend, angry racing punters took to social media accusing brands on the TGP platform such as Fun88, 12Bet, TLCBet and 138.com of withholding payouts on Cheltenham 2016 winnings. However …

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Player activity decline sees Mybet post €8 million losses for 2015

Frankfurt Xetra listed bookmaker mybet Holdings SE ends a difficult 2015 posting full-year EBIT losses of – €8.8 million (FY 2014: €500,000). Throughout 2015, the German focused bookmaker had been impacted by a downturn in player activity, with its online sports betting division witnessing a wagering decline from €100 million (2014) to €95 million (2015). Presenting 2015 results, mybet would …

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500.com sells stake in payment processor Sumpay

Issuing a short market update, embattled New York-listed Chinese sports lottery operator 500.com has disclosed the sale of its 63% equity stake in Asian digital payment processor Sumpay.cn ( Sumpay). Payment processor, Sumpay, is licensed to provide third-party payment services in Chin. 500.com revealed that it had invested in Sumpay holding company Zhejiang Shangmeng Technology in December 2015 for a cash consideration …

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