Latest News

Latest News

DSWV appeal to see change in German betting regulation

The German Betting Association (DSWV) has made an appeal to the government regarding the terms of the latest Gambling Treaty Amendment. This forms a part of the lengthy and ongoing battle to reform and better regulate sports betting in Germany. The amendment to the State Treaty provides the introduction of a quality approval system for sports betting providers. This followed ... Read More »

Fortuna continues Romanian expansion with €47 million deal for Fortbet assets

Fortuna Entertainment continues its M&A expansion within the licensed Romanian gambling market. The Eastern European bookmaker confirmed this week that it was closing in on the acquisition of Fortbet Holdings gambling assets. Updating the market, Fortuna detailed that it was in the final stages of negotiations for the Fortbet properties of Bet Active Concept SRL, Bet Zone SRL, Public Slots SRL and Slot Arena SR. ... Read More »

iGB Affiliate announces a ‘Chef Special’ for Nordic Affiliate Conference delegates

Industry affiliate marketing news source and corporate event organiser iGB Affiliate (Clarion Gaming) has confirmed that its first-ever Nordic Affiliate Conference in Stockholm (NAC 6-7 April) will begin with a ‘networking dinner’ from one of Sweden’s most celebrated chefs. NAC 2017 delegates will be treated to a three-course meal at Winterviken restaurant by renowned chef Markus Aujalay, who has represented Sweden ... Read More »

Bookmakers remain exempt from latest money laundering rules

Copyright: mkos83 / 123RF Stock Photo

Bookmakers already celebrating a successful start to Cheltenham week will have further cause for celebration with the news that the betting industry will continue to be exempt from European money laundering rules. There was a real danger that the Fourth EU Money Laundering Directive would encompass bookmakers given the classification of gambling as a high risk area for money laundering. ... Read More »

Jackpotjoy Plc appoints Jason Holden as Investor & Public Relations lead

Updating the market, London-listed igaming firm Jackpotjoy Plc (formerly Intertain Group Canada) has confirmed the appointment of Jason Holden as its Director of Investor and Public Relations. Holden joins newly LSE listed Jackpotjoy from investment bank and brokerage firm Liberum Capital, where he served as Gaming & Technology Industry Analyst (2015-2017). Holden has further experience in technology investing and PR ... Read More »

New UK anti money laundering watchdog OPBAS to be set up by 2018

The UK Government is set to get tougher on money laundering and criminal financing activities by creating new watchdog the ‘Office for Professional Body Anti-Money Laundering Supervision’ (OPBAS).  The body will act alongside the UK Financial Conduct Authority (FCA), as the government seeks to introduce new, stricter money laundering regulations to meet global finance standards. The government will aim to set ... Read More »

Tabcorp settles AUSTRAC record AUS $45 million compliance fine

The Australian Federal Court has today approved ASX-listed Tabcorp Holding’s AUS $45 million (£27 million) settlement with financial watchdog AUSTRAC relating to severe breaches of its money-laundering code and corporate compliance failures. Tabcorp governance has agreed to pay the record fine, on the condition that AUSTRAC withdraws any further allegations of non-compliance against the company. As reported in February, Tabcorp ... Read More »

Might Bite salvages difficult day for our experts at Cheltenham

Tipster Challenge Sedgefield

It wasn’t just the bookies that took a battering on day two at the Cheltenham Festival. There were similar struggles for our experts in the Tipster Challenge, sponsored by Betting Gods. Harry Lang, Marketing Director at Pinnacle, could only match the 3.50-point return for both Timeform and bettingexpert’s Stephen Harris. All three landed a single winner on Might Bite (7/2), ... Read More »

Douvan disappoints but LeoVegas revels in first Cheltenham

LeoVegas

LeoVegas confirmed that its first Cheltenham had “exceeded all expectations”, after watching 2/9 favourite Douvan come 7th in the Champion Chase on a triumphant day for the bookmakers. Less than a year after launching in time for Euro 2016, the Swedish-based mobile gaming specialists acknowledged that whilst a hit could be around the corner, Ruby Walsh’s disappointing start to the ... Read More »

Warren Buffett cold on legalising US sports betting

Speaking to Yahoo Finance, Warren Buffett the world’s most powerful hedge fund magnate with a speculated wealth of $76 billion remains tepid on the potential of legalising US sports betting. Buffett a fan of college basketball, who this February repeated his $1 million-a-year sweepstake for Berkshire Hathaway employees to predict the correct ‘March Madness’ brackets of the NCAA Basketball Championships, ... Read More »