Citing ‘a number of compliance issues’, the UK Gambling Commission (UKGC) has imposed an interim suspension on the licence of igaming and sports betting operator Stakers. Enforcing sections 116 and 118 of the Gambling Act 2005, the UKGC confirmed that it had ‘commenced a review’ into the Switzerland-based operator, suspending its licence while the review takes place. As a result …
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SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has strengthened its senior leadership with the appointment of Massimiliano Mura as new Group Director of Legal and Compliance divisions. Prior to joining SKS365, Mura has amassed 13 years of experience in the legal sector, specialising in Italian gambling laws and compliance having served as corporate advisor to SKS365 competitor StanleyBet …
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Citing market share gains across all operating territories, FTSE250-listed GVC Holdings has backed its underlying corporate strategy to navigate regulatory complexities both home and abroad. Publishing its full-year 2019 results, GVC has recorded a pro-forma net revenue increase of 3% to £3.65bn (FY2018: £3.57bn) driven by the strong growth of its online division and European retail portfolio. Despite competing against …
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Winning 10 of 14 states in Super Tuesday’s DNC Primary sees former US Vice President Joe Biden achieve a remarkable campaign turnaround. Updating all US 2020 markets, betting exchange Smarkets has priced Biden as current market leader (1.17), giving Uncle Joe an 85% chance of winning the DNC ticket. A Biden comeback proved to be yet another ‘Super Tuesday surprise’, …
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Sportradar has served legal proceedings against Betgenius and Football DataCo (FDC) in relation to the current structure for the licensing and distribution of live data from FDC football leagues for betting purposes. Last May, the Genius Sports subsidiary was appointed by FDC as the ‘exclusive live data supplier’ for the English Premier League (EPL), English Football League (EFL) and Scottish …
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Polish gambling trade body Polska Izba Gospodarcza Branży Rozrywkowej (PIGBRiB) has published a report outlining comprehensive changes to the nation’s online and land-based gambling frameworks. PIGBRiB has issued its report to Warsaw’s SEJM, Poland’s lower house, branding the Polish Treasury’s gambling enforcements of 2017 as ‘non-viable’ for a growing modern economy. In 2016, Poland’s governing PiS National Conservative Party sanctioned the Treasury …
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The International Betting Integrity Association (IBIA) has secured a new agreement with arbitration bodies eCOGRA and the Independent Betting Adjudication Service (IBAS). Under the terms of the partnership, the trio will focus upon implementing measures that will ‘inform and advance the customer betting dispute resolution decision-making process’. It will primarily consider circumstances where customer winnings are not paid for the …
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Sportsbet.io and Watford FC will host the inaugural Crypto Cup at Vicarage Road to mark the end of the 2019/20 Premier League season. The tournament, which will take place on 16 May, will see the Coingaming Group’s cryptocurrency sportsbook work alongside the London side to deliver a day of debate, education, and a football tournament. It is hoped that the …
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Andre Gelfi, CEO of Brazilian racebook Suaposta, has backed Betsson AB’s early mover advancements, despite facing significant unknowns related to Brazil’s future sports betting make-up. Closing 2019, a refinanced Betsson sanctioned the purchase of a 75% stake in Suaposta, Gelfi’s online racebook licensed by Brazil’s Ministry Agriculture and Livestock in partnership with Porto Alegre’s heritage ‘Rio Grande do Sul Jockey …
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Bookmakers have reported that US political markets are radically changing ahead of tonight’s crucial Super Tuesday vote, in which 14 states will cast their official nominations to lead the Democratic Party’s US 2020 Presidential campaign. This afternoon, Betfair reported that frantic trading on its Exchange has seen former Vice President Joe Biden overtake Bernie Sanders. The campaign for Biden, who …
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