Sportsbook

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

Maria Miller Asks Gambling Commission to Toughen Code Up

The Association of British Bookmakers (ABB) may have passed a voluntary code of conduct for the gambling industry; however UK Culture Secretary Maria Miller has asked the UK Gambling Commission to revise the proposed Code for Responsible Gambling and Player Protection, with a view to further strengthening player protection with regards to gambling products, both online and at retail level. …

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William Hill upbeat despite slight loss

William Hill has posted a slight loss after tax for 2013 (down 2 per cent to £226.5m) but the underlying trends in the business indicate a company still on the up. Net revenue for the whole company was up 16% to £1.49bn with Retail Net Revenue up 8% to £907m and online Net Revenue jumping 10% to £446.3m. Operating profit …

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Belgian PPO confiscate €600,000 of Betclic Funds

The Belgian Public Prosecution Office (PPO) has seized €600,000 of French igaming operator – Betclic funds. The PPO claim the operator had directly broken Belgium law and policy regarding igaming wagering and transactions. The PPO claim that they are acting under Belgium financial law, which allows them to directly confiscate funds associated with Belgium non regulated igaming operators. This is …

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Sir Roy Gardner Joins Hills Board

William Hill  announced the appointment of Sir Roy Gardner as an independent Non-executive Director, with effect from 3 March 2014. He will serve as a member of the Audit and Risk, Remuneration, Nomination and Corporate Responsibility Committees, and will take over as Senior Independent Non-executive Director when David Edmonds retires from the Board at the 2014 Annual General Meeting. Sir …

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Bulgaria Grants Sports Betting Licences to Betfair & EuroFootball

Bulgaria’s State Gambling Commission (SGC) has granted approval to sports betting operator EuroFootball and betting exchange Betfair to allow Bulgarian betting transactions and  promotion of betting services to Bulgarian citizens. The SGC will allow both operators to promote sports betting services through .bg access url’s. The license further grants the operators will the inclusion of promoting online casino and poker …

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Mixed views on Bwin.party prospects

Bwin.Party has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, although there is some variation in how the analysts are viewing the company’s prospects. According to American Banking and Market News, three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have …

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‘Disappointing’ results from Ladbrokes

Ladbrokes chief executive Richard Glynn has labelled his firm’s annual results for 2013 as ‘disappointing’ but maintains that the bookmaker has made ‘real operational progress’ during the year. The figures were never going to be good after a series of profit warnings during the period, but the company has posted a 32.9% drop in group operating profit to £138.3m with …

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Fidens Labs Hit £1 Million Mark

Fidens, the Football Form Labs-operated tax-free betting syndicate trading on football, has broken the £1million mark under management as it continues its rapid growth. The syndicate uses high-powered algorithms, a comprehensive proprietary worldwide information source, and efficient bet placement to gain the best possible price on football markets. Following six years of development, Fidens has made over 9,400 trades since launching in …

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Bodugi get licence suspended

Social betting operators Bodugi have had their licence suspended by the UK Gambling Commission after complaints that users could not access their money. Bodugi’s lack of dialogue with the regulator has forced the Commission to suspend the operating licence. In a statement, the regulator said: “The Gambling Commission has commenced a review under section 116 of the Gambling Act 2005 …

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Millionth Cash Out customer for Betfair

betfair

This week Betfair Sportsbook celebrated their millionth Cash Out. The mark was broken by Jason Parmar, of Leeds, who had placed a £5 bet on a treble of Athletic Madrid (11/10), Bayern Munich (7/10) and Leicester (8/5) all to win. Despite Madrid and Munich winning Forest led Leicester for much of the game and Jason decided to Cash Out of …

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