Sportsbook

Tough 2015 opening for Ladbrokes as operator is hit by adverse sports results

Entering its first performance quarter under the leadership of new CEO Jim Mullen, Ladbrokes reported that its group performance for the period (ending 31 March) had been impacted by “customer friendly results and externally imposed headwinds” – UK POC tax and increased betting machine duty.   As a result of these factors the operator posted an EBIT decrease of 22.3% …

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The Financial Times profiles Stoke business leader Denise Coates

UK business news source The Financial Times (FT) has profiled bet365’s founder and Co-CEO Denise Coates. The profile, written by Enterprise Editor Andrew Bounds, describes Coates as the ‘driving force’ behind the operator’s success and rapid growth. In a period of 15 years bet365 has become the world’s largest online gambling operator employing more than 2000 staff, making the company …

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South Australia preps POC tax scheme

The South Australia Treasury has been tasked with preparing an online gambling tax scheme that will charge online gambling operators on the location of its customers wagering, mirroring the current UK POC charge. The treasury estimates that +70,000 South Australian have wagered using online gambling services, the agency will look to re-structure current online gambling policies in order to raise …

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Miliband becomes bookmakers favourite to win UK General Election

Labour leader Ed Miliband has reversed UK bookmaker’s odds, and is now the favourite candidate to become Prime Minister after next month’s General Election. Bookmakers Ladbrokes, Paddy Power and Betfair have placed Miliband as favourite to win on 7 May, making the labour leader the General Election market favourite for the first time since October 2014. Paddy Power has now …

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Playtech to hire 600 staff as it prepares for major omni-channel push

Industry leading software and services provider Playtech, has announced today that it is looking to add a further 300 employees to its 4000 global workforce in the next eight months, as the company looks to roll-out several large scale omni-channel projects in the UK and emerging markets. Playtech has outlined that it will look to significantly grow its investment and …

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Hesse Ministry faces further criticism as Sports Advisory Board withdraws from licensing procedure

Progress on Germany’s sports betting licensing procedure by the Hesse Ministry of the Interior and Sports (HMDIS) has taken a further step back as The German Sports Advisory Board (SAB) declared that it had withdrawn from discussions with the regulator. The advisory board which represents the interests of several German sporting bodies including the country’s Olympic Committee and the Bundesliga …

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Ireland’s Gambling Act 2015 introduces new online gambling amendments & policies

Following numerous delays since its first draft in 2011, the Irish government approved the passing of the nation’s Gambling Act 2015. The new act is set to introduce new amendments and regulations on online gambling services and will further set new taxations on remote gambling services offered to Ireland’s consumers. The new taxations will see iGaming services (online casino, games …

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Ladbrokes Australia granted Apple Watch betting app approval

Ladbrokes Australia’s Chief Information Officer Scott Hutchens has revealed that the operator has gained approval from Apple for the release of its Apple Watch betting app. Ladbrokes is set to become the first betting firm to have a wearable app device on the Apple Watch which begins customer shipping on 24 April. Hutchens informed Australian racing news source horseracing.com.au that …

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Smarkets hits £1 billion trading milestone

Online betting exchange Smarkets has announced that it has reached its £1 billion trading milestone, aided by wagering recorded during this year’s Cheltenham Festival and Grand National racing events. The operator stated that the £1 billion milestone represented the continued positive momentum of its betting exchange services for the UK market. Further detailing its recent exchange performance, Smarkets noted that …

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Betfair launches ‘UnSpin’ app the political jargon buster

With the political campaigning and inevitable spin hotting up,Betfair has created ‘Unspin it’, an app designed to unpick the political language of misdirection and misinformation. Betfair’s ‘Unspin it’ app light-heartedly solves the problem by using a three stage process allowing consumers to choose the topics they want to hear about from specific politicians. A fruit machine style device appears with 3 …

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