Tag Archives: Betfred

Alizeti enters ‘new era for the Tote’ after finalising takeover

The UK Tote Group, the consortium of racing-backed investors formerly known as Alizeti, has revealed that it will begin a ‘new era for the Tote’ after confirming the completion of its acquisition of the UK’s pool betting operator for horse racing, making the group the sole owner.  Outlining its plans for brand development, the Group has placed a particular focus upon the modernisation …

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David Clifton: Licensing Expert – Betfred penalty raises multi-market concerns

The announcement by the UK Gambling Commission (UKGC) that Gibraltar-based Betfred.com is the most recent recipient of a hefty financial penalty for AML failings has served to raise once again the question why so many overseas-based remote operators have run into such problems with the UK regulator. In the Betfred case, it has not just been a case of concern …

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Betfred Gibraltar to pay £322,000 after UKGC AML investigation

OPTIMA

Betfred’s Gibraltar trading subsidiary ‘Petfre’ has been forced to pay £322,000 as part of a ‘regulatory settlement’ having been found to have ‘shortcomings in the application of its AML controls and its policies and procedures.’  The Gibraltar unit is due to make the payment in lieu of a financial penalty following an investigation by the UK Gambling Commission (UKGC). The UKGC investigation …

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GiG appoints HooYu to harmonise KYC lifecycles

Stockholm-listed Gaming Innovation Group (GiG) has appointed HooYu, developer of digital identity verification systems to revamp its customer compliance and KYC frameworks, improving player experience and engagements. Focusing on smoothing customer onboarding disciplines, HooYu is tasked with enhancing GiG’s all-around KYC capacities and processes, at all points of a customer’s lifecycle. Updating stakeholders, Mark Weston, Head of Payments at GiG commented: …

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Tom Byrne, HBLB: Horseracing gets race-by-race betting data boost

News that five of the UK’s top operators had committed to a ten-fold increase in voluntary levy to GambleAware made big news in July, but a major deal for horse racing announced the following week – involving four of the same five – passed with considerably less fanfare. Tom Byrne, Operations Manager at HBLB, tells us more. The horseracing sector …

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Betfred safeguards marketing arm with GiG comply

Stockholm listed Gaming Innovation Group (GiG), announces Betfred as the latest industry tier-1 incumbent to partner with its GiG comply software. Betfred is set to strengthen compliance dynamics across its digital marketing inventory, integrating GiG Comply provisions, safeguarding regulatory demands by monitoring third party marketing activities. Helping operators adhere to diverse marketing compliance standards across multiple jurisdictions, GiG Comply is …

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Playtech registers Ceuta business subsidiary

Spanish news source eldiario.es has reported that FTSE250 gambling technology group Playtech Plc has formed a subsidiary unit within Spain’s autonomous city of Ceuta. Playtech the leading technology and systems supplier of tier-1 European gambling firms, is reported to have filed ‘Playtech Services Ceuta Sociedad Limitada’ with Ceuta’s business registry, disclosed by the city’s regulatory bulletin. As yet it remains …

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Betfred boosts KYC muscle with HooYu ID provisions

Seeking to bolster its all-round customer on-boarding provisions, meeting new UK Gambling Commission (UKGC) online gambling regulatory requirements, Betfred has partnered with digital ID verification solutions provider HooYu. Betfred has been utilising HooYu’s platform ID provisions since April, helping the bookmaker to improve its KYC procedures as all UK licensed incumbents are required to undertake stringent ID checks on customer …

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Betfred extends Rugby League’s Championship and League 1 sponsorship

Betfred has strengthened its commitment to the Rugby League’s Championship and League 1 competitions after extending its sponsorship with the tournaments for a further two years.  As part of the sponsorship extension, the bookmaker has pledged to ‘more than double’ its financial contribution to the game outside of the Super League, confirming that it will sponsor all three professional tiers …

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Ceuta launches ‘BetonCeuta’ conference targeting industry transfers

The executive of Ceuta, Spain’s autonomous city based in the north coast of Africa boarding Morocco has confirmed that it will launch its first online gambling function ‘BetonCeuta’, introducing business leaders to the jurisdiction, which seeks to become a new regulatory jurisdiction for European online gambling incumbents. A two-day conference scheduled from 15-16 October 2019, BetonCeuta will showcase the Ceuta …

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